General form of registration statement for all companies including face-amount certificate companies

Investments and Recurring Fair Value Measurements (Tables)

v3.22.0.1
Investments and Recurring Fair Value Measurements (Tables) - CIK 001836707 SBEA Merger Sub LLC
12 Months Ended
Dec. 31, 2021
Schedule of fair value measured on recurring basis

    

Level 1

    

Level 2

    

Level 3

Assets:

 

  

 

  

 

  

Investments held in Trust Account – U.S. Treasury Bills

$

345,072,450

$

$

Liabilities:

 

  

 

  

 

  

Private Placement Warrants

 

 

 

8,813,190

Public Warrants

 

16,102,300

 

 

Schedule of monte carlo simulation model for the private warrants

    

March 2,

    

    

 

2021

 

(Initial

December 31, 

 

Input

    

Measurement)

    

2021

 

Risk-free interest rate

 

1.01

%  

1.37

%

Expected term (years)

 

6.46

 

6.25

Stock price

$

9.584

$

10.150

Probability of completing business combination

 

80

%  

 

95

%

Expected volatility

 

24.2

%  

 

16.2

%

Exercise price

$

11.50

$

11.50

Schedule of fair value of warrant liabilities

Fair Value at December 31, 2020

    

$

Fair value at issuance March 2 2021

 

22,182,906

Public Warrants reclassified to level 1(1)

 

(8,855,000)

Change in fair value

 

(4,514,716)

Fair Value at December 31, 2021

$

8,813,190

(1) Assumes the Public Warrants were reclassified on June 30, 2021.