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

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Level 1

    

Level 2

    

Level 3

Assets:

 

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

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$

345,072,450

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$

—

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$

—

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Liabilities:

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Private Placement Warrants

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—

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—

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8,813,190

Public Warrants

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16,102,300

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—

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—

Schedule of monte carlo simulation model for the private warrants

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March 2,

    

    

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2021

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(Initial

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December 31, 

 

Input

    

Measurement)

    

2021

 

Risk-free interest rate

 

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1.01

%  

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1.37

%

Expected term (years)

 

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6.46

 

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6.25

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Stock price

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$

9.584

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$

10.150

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Probability of completing business combination

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80

%  

 

95

%

Expected volatility

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24.2

%  

 

16.2

%

Exercise price

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$

11.50

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$

11.50

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Schedule of fair value of warrant liabilities

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Fair Value at December 31, 2020

    

$

—

Fair value at issuance March 2 2021

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22,182,906

Public Warrants reclassified to level 1(1)

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(8,855,000)

Change in fair value

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(4,514,716)

Fair Value at December 31, 2021

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$

8,813,190

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