Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets

v3.22.1
Condensed Balance Sheets - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash $ 115,584 $ 81,567
Prepaid expenses 372,883 398,328
Total current assets 488,467 479,895
Investments held in Trust Account 316,293,269 316,267,458
Total Assets 316,781,736 316,747,353
Current liabilities:    
Accounts payable 43,251 40,149
Accrued expenses 1,698,365 1,723,300
Accrued expenses - related party 140,000 110,000
Due to related party 350,000 0
Total current liabilities 2,231,616 1,873,449
Deferred underwriting commissions 11,068,750 11,068,750
Derivative warrant liabilities 4,725,660 12,557,750
Total liabilities 18,026,026 25,499,949
Commitments and Contingencies
Class A ordinary shares subject to possible redemption, $0.0001 par value; 31,625,000 shares at redemption value of $10.00 per share as of March 31, 2022 and December 31, 2021 316,250,000 316,250,000
Shareholders' Deficit:    
Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued and outstanding as of March 31, 2022 and December 31, 2021 0 0
Additional paid-in capital 0 0
Accumulated deficit (17,495,081) (25,003,387)
Total shareholders' deficit (17,494,290) (25,002,596)
Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption and Shareholders' Deficit 316,781,736 316,747,353
Class A ordinary shares [Member]    
Current liabilities:    
Class A ordinary shares subject to possible redemption, $0.0001 par value; 31,625,000 shares at redemption value of $10.00 per share as of March 31, 2022 and December 31, 2021 316,250,000  
Shareholders' Deficit:    
Common Stock 0 0
Class B ordinary shares [Member]    
Shareholders' Deficit:    
Common Stock $ 791 $ 791