Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2022

Summary of Fair Value, Assets Measured on Recurring Basis

The following table presents information about the Company’s financial assets and liabilities that are measured at fair value on a recurring basis as of March 31, 2022 and December 31, 2021 by level within the fair value hierarchy:

March 31, 2022


Description	Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)
Assets:
Investments held in Trust Account	$	495,998,563	$	—	$	—
Liabilities:
Derivative warrant liabilities - Public	$	4,562,360	$	—	$	—
Derivative warrant liabilities - Private	$	—	$	4,176,240	$	—

December 31, 2021


Description	Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)
Assets:
Investments held in Trust Account	$	495,948,830	$	—	$	—
Liabilities:
Derivative warrant liabilities - Public	$	8,827,180	$	—	$	—
Derivative warrant liabilities - Private	$	—	$	8,080,120	$	—

Independence Holdings Corp. 10-Q