Prime Impact Capital Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2023

Summary of Assets that are Measured at Fair Value on a Recurring Basis


	As of March 31, 2023
Description	Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)
Liabilities:
Derivative warrant liabilities-Public warrants	$	432,113	$	—	$	—
Derivative warrant liabilities-Private placement warrants	$	—	$	—	$	228,845


	As of December 31, 2022
Description	Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)
Liabilities:
Derivative warrant liabilities-Public warrants	$	216,056	$	—	$	—
Derivative warrant liabilities-Private placement warrants	$	—	$	—	$	114,423

Summary of the Table Provides Quantitative Information Regarding Level 3 Fair Value Measurements Inputs at their Measurement Dates

The following table provides quantitative information regarding Level 3 fair value measurements inputs at their measurement dates:


	March 31, 2023			December 31, 2022
Exercise price	$	11.50		$	11.50
Stock price	$	10.43		$	10.26
Volatility		5.1	%		5.3	%
Term		5.34			5.59
Risk-free rate		3.53	%		3.90	%
Dividend yield		0.0	%		0.0	%
Implied probability of success		3.8	%		1.7	%

Summary of Change in Fair Value of the Derivative Warrant Liabilities

The change in the fair value of the derivative warrant liabilities measured with Level 3 inputs for the three months ended March 31, 2023 and December 31, 2022 is summarized as follows:


	March 31, 2023		December 31, 2022

Level 3 derivative warrant liabilities at January 1,	$	114,423	$	3,089,406
Change in fair value of derivative warrant liabilities		114,422		(2,974,983	)

Level 3 derivative warrant liabilities at March 31,	$	228,845	$	114,423