Ross Acquisition Corp II 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, 2022

Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table presents information about the Company’s assets and liabilities that are measured at fair value on a recurring basis as of March 31, 2022 and December 31, 2021 and indicates the fair value hierarchy of the valuation techniques that the Company utilized to determine such fair value:

	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 - U.S Treasury securities	$	345,194,152	$	-	$	-

Liabilities:
Derivative warrant liabilities - Public warrants	$	5,399,330	$	-	$	-
Derivative warrant liabilities - Private placement warrants	$	-	$	15,864,330	$	-

	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 - U.S Treasury securities	$	345,071,635	$	-	$	-

Liabilities:
Derivative warrant liabilities - Public warrants	$	10,465,000	$	-	$	-
Derivative warrant liabilities - Private placement warrants	$	-	$	5,399,330	$	-

Change in Fair Value of the Derivative Warrant Liabilities Measured using Level 3 Inputs

The change in the fair value of the derivative warrant liabilities, measured using Level 3 inputs, for the period from January 19, 2021 (inception) through March 31, 2021 is summarized as follows:

Derivative liabilities at January 19, 2021 (inception)	$	-
Issuance of derivative liabilities		26,150,000
Change in fair value of derivative liabilities		(174,330	)
Derivative liabilities at March 31, 2021		25,975,670