Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.22.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Current assets    
Cash $ 556,814 $ 1,027,517
Prepaid expenses 166,667 249,167
Total Current Assets 723,481 1,276,684
Investments held in Trust Account 400,313,600 400,249,491
TOTAL ASSETS 401,037,081 401,526,175
LIABILITIES AND SHAREHOLDERS' DEFICIT    
Current liabilities—accounts payable and accrued expenses 7,886,540 6,850,353
Derivative warrant liabilities 24,095,000 34,617,500
Deferred underwriting fee payable 13,125,000 13,125,000
Total Liabilities 45,106,540 54,592,853
Commitments and Contingencies
Shareholders' Deficit    
Preference shares, $0.0001 par value; 5,000,000 shares authorized; no shares issued or outstanding
Accumulated deficit (44,070,459) (53,067,678)
Total Shareholders' Deficit (44,069,459) (53,066,678)
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT 401,037,081 401,526,175
Common Class A [Member]    
LIABILITIES AND SHAREHOLDERS' DEFICIT    
Class A ordinary shares subject to possible redemption, $0.0001 par value, 40,000,000 shares issued and outstanding at $10.00 per share redemption value as of March 31, 2022 and December 31, 2021 400,000,000 400,000,000
Shareholders' Deficit    
Common stock value 0 0
Common Class B [Member]    
Shareholders' Deficit    
Common stock value $ 1,000 $ 1,000