Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.22.1
Summary of Significant Accounting Policies (Tables)
 3 Months Ended
Mar. 31, 2022
Summary of Significant Accounting Policies [Abstract]  
Shares Subject to Possible Redemption

As of March 31, 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
  
$
232,000,000
  
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
  
$
232,300,000
  
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 March 31, 2022
    
For the period from
February 2, 2021 (inception)
through March 31, 2021
  
   
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
  
$
2,551,843
    
$
637,961
    
$
-
    
$
(10,216
)
Denominator:
                                
Basic and diluted weighted average shares outstanding
    
23,000,000
      
5,750,000
      
-
      
5,750,000
  
Basic and diluted net income (loss) per ordinary share
  
$
0.11
    
$
0.11
    
$
0.00
    
$
(0.00
 )