Registration of securities issued in business combination transactions

Summary of Significant Accounting Policies (Tables)

v3.21.4
Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2021
Accounting Policies [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following tables present information about the Company’s assets and liabilities that were measured at fair value on a recurring basis as of September 30, 2021, and indicate the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value.
 
    
September 30,
2021
    
Quoted

Prices In

Active

Markets
(Level 1)
    
Quoted

Prices In

Active

Markets
(Level 1)
    
Significant

Other

Unobservable

Inputs
(Level 3)
 
Assets:
           
U.S. Money Market held in Trust Account
   $ 231      $ 231      $ —        $ —    
U.S. Treasury Securities
     276,083,222        276,083,222        —          —    
  
 
 
    
 
 
    
 
 
    
 
 
 
     $276,083,453      $276,083,453      $—        $—    
  
 
 
    
 
 
    
 
 
    
 
 
 
Schedule of Net Income (Loss) Per Share of Common Stock Accretion associated with the redeemable shares of common stock is excluded from earnings per share as the redemption value approximates fair value. As a result, diluted income per common stock is the same as basic income per share of common stock.
 
For the three months ended September 30, 2021
  
Redeemable
   
Non-Redeemable
 
Allocation of net loss including shares of common stock subject to possible redemption
   $ (338,346   $ (84,586
Weighted Average redeemable common stock outstanding
     27,600,000       6,900,000  
Basic and Diluted net loss per share of common stock
   $ (0.01   $ (0.01
 
For the nine months ended September 30, 2021
  
Redeemable
   
Non-Redeemable
 
Allocation of net loss including shares of common stock subject to possible redemption
   $ (468,664   $ (123,811
Weighted Average redeemable common stock outstanding
     26,118,681       6,900,000  
Basic and Diluted net loss per share of common stock
   $ (0.02   $ (0.02