Quarterly report pursuant to Section 13 or 15(d)

Significant Accounting Policies (Tables)

v3.22.2.2
Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2022
Significant Accounting Policies  
Summary of ordinary shares subject to possible redemption

Gross proceeds from IPO

    

$

265,147,800

Less:

 

  

Proceeds allocated to Public Warrants, net of offering costs

 

(14,052,833)

Ordinary share issuance costs

 

(24,729,441)

Plus:

 

  

Remeasurement adjustment of carrying value to redemption value

 

38,782,274

Ordinary shares subject to possible redemption as of December 31, 2021

265,147,800

Plus:

 

  

Remeasurement adjustment of carrying value to redemption value

 

25,233

Ordinary shares subject to possible redemption as of March 31, 2022

265,173,033

Plus:

 

  

Remeasurement adjustment of carrying value to redemption value

347,335

Ordinary shares subject to possible redemption as of June 30, 2022

265,520,368

Plus:

Remeasurement adjustment of carrying value to redemption value

 

1,173,325

Ordinary shares subject to possible redemption as of September 30, 2022

$

266,693,693

Summary of basic and diluted net income per ordinary share

The following table reflects the calculation of basic and diluted net income per ordinary share (in dollars, except per share amounts):

Three Months Ended

Three Months Ended

September 30, 2022

September 30, 2021

    

Class A

    

Class B

    

Class A

    

Class B

Basic and diluted net income per ordinary share

 

  

 

  

 

  

 

  

Numerator:

 

  

 

  

 

  

 

  

Allocation of net income

$

1,598,937

$

399,734

$

7,288,281

$

2,932,047

Denominator:

 

 

 

 

Weighted average shares outstanding

 

26,514,780

 

6,628,695

 

16,477,155

 

6,628,695

Basic and diluted net income per ordinary share

$

0.06

$

0.06

$

0.44

$

0.44

For the Period from March 11, 2021

Nine Months Ended

(Inception) through

September 30, 2022

September 30, 2021

Class A

    

Class B

    

Class A

    

Class B

Basic and diluted net income per ordinary share

  

 

  

 

  

 

  

Numerator:

  

 

  

 

  

 

  

Allocation of net income

$

49,787

$

12,447

$

5,539,602

$

4,673,803

Denominator:

 

 

 

 

Weighted average shares outstanding

 

26,514,780

 

6,628,695

 

7,467,479

 

6,300,368

Basic and diluted net income per ordinary share

$

0.00

$

0.00

$

0.74

$

0.74