Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.21.2
Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2021
Accounting Policies [Abstract]  
Schedule Of Earnings Per Share Basic And Diluted
The following table reflects the calculation of basic and diluted net (loss) per ordinary share (in dollars, except share amounts):
 
    
Three Months Ended

September 30, 2021
    
Nine Months Ended

September 30, 2021
    
For the Period from July 29,

2020 (inception) Through

September 30, 2020
 
    
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
   $ 5,093,457      $ 1,273,364      $ 18,748,741      $ 4,687,185      $ —        $ (5,005
Denominator:
                                                     
Basic and diluted weighted average shares outstanding
     40,000,000        10,000,000        40,000,000        10,000,000        —          10,000,000  
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
 
Basic and diluted net income (loss) per ordinary share
   $ 0.13      $ 0.13      $ 0.47      $ 0.47      $ —        $ (0.00
 
(1)    For the three and nine months ended September 30, 2021, basic and diluted shares are the same as there are no
non-redeemable
securities that are dilutive to the Company’s shareholders.
Summary of Class A Common Stock Subject to Possible Redemption
At December 31, 2020 and September 30, 2021, the Class A ordinary shares reflected in the condensed balance sheets are reconciled in the following table:
 
 
  
September 30,
2021
 
  
December 31,
2020 (audited)
 
Gross proceeds
  
$
400,000,000
 
  
$
400,000,000
 
Less:
  
     
  
     
Proceeds allocated to Public Warrants
  
$
(18,400,000
  
$
(18,400,000
Class A ordinary shares issuance costs
  
$
(20,292,642
  
$
(20,292,642
Plus:
  
     
  
     
Accretion of carrying value to redemption value
  
$
38,692,642
 
  
$
38,692,642
 
 
  
 
 
 
  
 
 
 
Class A ordinary shares subject to possible redemption
  
$
400,000,000
 
  
$
400,000,000