FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2021

Schedule of financial assets and liabilities that are measured at fair value on a recurring basis

The following tables present information about the Company’s financial assets and liabilities that are measured at fair value on a recurring basis by level within the fair value hierarchy:


December 31, 2021
	Quoted Prices in Active		Significant Other		Significant Other
	Markets		Observable Inputs		Unobservable Inputs
Description	(Level 1)		(Level 2)		(Level 3)
Assets:
Investments Held in the Trust Account:
Money Market Funds	$	575,202,660	$	—	$	—

Liabilities:
Derivative warrant liabilities – Public Warrants	$	13,340,000	$	—	$	—
Derivative warrant liabilities – Private Placement Warrants	$	—	$	10,440,000	$	—
Derivative warrant liabilities – Working Capital Warrants	$	—	$	1,160,000	$	—


December 31, 2020
	Quoted Prices in Active		Significant Other		Significant Other
	Markets		Observable Inputs		Unobservable Inputs
Description	(Level 1)		(Level 2)		(Level 3)
Assets:
Investments Held in the Trust Account:
U.S. Treasury Securities	$	575,105,000	$	—	$	—
Money Market Funds	$	7,065	$	—	$	—
	$	575,112,065	$	—	$	—

Liabilities:
Derivative warrant liabilities - Public Warrants	$	23,690,000	$	—	$	—
Derivative warrant liabilities - Private Placement Warrants	$	—	$	—	$	19,800,000

Schedule of quantitative information regarding Level 3 fair value measurements inputs


	As of December 31,
	2020

Exercise price	$	11.50
Volatility		26.9	%
Stock price	$	10.42
Expected life of the options to convert		6.27
Risk-free rate		0.54	%
Dividend yield		0.0	%

Schedule of change in the fair value of the derivative warrant liabilities measured with Level 3 inputs

The change in the fair value of the derivative warrant liabilities measured with Level 3 inputs for the year ended December 31, 2021 and for the period from August 18, 2020 (inception) through December 31, 2020 is summarized as follows:


Derivative warrant liabilities at August 18, 2020 (inception)	$	—
Issuance of Public and Private Placement Warrants - Level 3		26,215,000
Transfer of Public Warrants of Level 1		(14,605,000)
Change in fair value of derivative warrant liabilities		8,190,000
Derivative warrant liabilities - Level 3, at December 31, 2020	$	19,800,000
Change in fair value of derivative warrant liabilities - Level 3		180,000
Transfer of Private Placement Warrants to Level 2		(19,980,000)
Derivative warrant liabilities - Level 3, at December 31, 2021	$	—

Vy Global Growth 10-K