Quarterly report pursuant to Section 13 or 15(d)

Class A Ordinary Shares Subject to Possible Redemption

v3.22.1
Class A Ordinary Shares Subject to Possible Redemption
3 Months Ended
Mar. 31, 2022
Temporary Equity Disclosure [Abstract]  
Class A Ordinary Shares Subject to Possible Redemption
Note 7 – Class A Ordinary Shares Subject to Possible Redemption
The Company’s Class A ordinary shares feature certain redemption rights that are considered to be outside of the Company’s control and subject to the occurrence of future events. The Company is authorized to issue 500,000,000 shares of Class A ordinary shares with a par value of $0.0001 per share. Holders of the Company’s Class A ordinary shares are entitled to one vote for each ordinary share. As of March 31, 2022 and December 31, 2021, there were 31,625,000 shares of
Class A ordinary shares outstanding, which were all subject to possible redemption and are classified outside of permanent equity in the condensed balance sheets. 
The Class A ordinary shares subject to possible redemption reflected on the unaudited condensed balance sheets is reconciled on the following table:
 
Gross proceeds from Initial Public Offering
   $ 316,250,000  
Less:
        
Fair value of Public Warrants at issuance
     (15,021,880
Offering costs allocated at Class A ordinary shares subject to possible redemption
     (17,153,967
Plus:
        
Accretion on Class A ordinary shares subject to possible redemption
     32,175,847  
    
 
 
 
Class A ordinary shares subject to possible redemption
   $ 316,250,000