Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.22.2.2
Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2022
Summary of Significant Accounting Policies [Abstract]  
Shares Subject to Possible Redemption

As of June 30, 2022 and December 31, 2021, the Class A ordinary shares subject to possible redemption reflected on the balance sheet are reconciled in the following table:

Gross Proceeds
 
$
230,000,000
 
Less:
       
Proceeds allocated to Public Warrants
   
(13,110,000
)
Class A ordinary shares issuance costs
   
(12,375,591
)
Plus:
       
Accretion of carrying value to redemption value
   
27,785,591
 
Class A ordinary shares subject to possible redemption, December 31, 2021
 
$
232,300,000
 
Accretion of carrying value to redemption value
    161,098  
Class A ordinary shares subject to possible redemption, June 30, 2022
    232,461,098  
Reconciliation of Net Income (Loss) Per Ordinary Share

A reconciliation of net income (loss) per ordinary share is as follows:
 
   
For the three months
ended June 30, 2022
   
For the three
months ended June
30, 2021
   
For the six months
ended June 30, 2022
   
For the period from
February 2, 2021
(inception)
through June 30,
2021
 
   
Class A
   
Class B
   
Class A
   
Class B
   
Class A
   
Class B
   
Class A
   
Class B
 
Basic and diluted net income (loss) per ordinary share
                                               
Numerator:
                                               
Allocation of net income (loss), as adjusted
 
$
3,145,306
   
$
786,327
   
$
-
   
$
-
 
$
5,697,150
    $ 1,424,287    
$
-
   
$
(10,216
)
Denominator:
                                                               
Basic and diluted weighted average shares outstanding
   
23,000,000
     
5,750,000
     
-
     
5,750,000
     
23,000,000
     
5,750,000
     
-
     
5,750,000
 
Basic and diluted net income (loss) per ordinary share
 
$
0.14
   
$
0.14
   
$
(0.00
)
 
$
(0.00
)
 
$
0.25
   
$
0.25
   
$
(0.00
)
 
$
(0.00
)