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
Accounting Policies [Abstract]  
Schedule of Class A ordinary share reflected in the condensed balance sheet
Gross proceeds   $ 230,000,000  
Less:        
Proceeds allocated to Public Warrants   $ (6,003,000 )
Class A ordinary shares issuance costs     (13,064,007 )
Plus:        
Accretion of carrying value to redemption value   $ 25,970,956  
Class A ordinary shares subject to possible redemption, December 31, 2021   $ 236,903,949  
         
Plus:        
Accretion of carrying value to redemption value     151,912  
Class A ordinary shares subject to possible redemption, March 31, 2022   $ 237,055,861  

 

Schedule of basic and diluted net income (loss)
    Three Months Ended
March 31, 2022
   

For the Period from 

January 29, 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   $ 2,716,661     $ 905,554     $
    $ (5,022 )
Denominator:                                
Basic and diluted weighted average shares outstanding     23,000,000       7,666,667      
      6,666,667  
                                 
Basic and diluted net income (loss) per ordinary share   $ 0.12     $ 0.12     $
    $ (0.00 )