Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies Basis of Presentation (Tables)

v3.22.1
Summary of Significant Accounting Policies Basis of Presentation (Tables)
3 Months Ended
Mar. 31, 2022
Accounting Policies [Abstract]  
Schedule Of Earnings Per Share Basic And Diluted
The following table reflects the calculation of basic and diluted net per ordinary share (in dollars, except share amounts):
 
    
For the Three Months Ended
March 31, 2022
    
For the Three Months Ended
March 31, 2021
 
    
Class A
    
Class B
    
Class A
    
Class B
 
Basic and diluted net income per ordinary share
                                   
Numerator:
                                   
Allocation of net income, as adjusted
   $ 7,197,775      $ 1,799,444      $ 15,451,243      $ 3,862,811  
Denominator:
                                   
Basic and diluted weighted average shares outstanding
     40,000,000        10,000,000        40,000,000        10,000,000  
Basic and diluted net income per ordinary share
   $ 0.18      $ 0.18      $ 0.39      $ 0.39  
Summary of Class A Common Stock Subject to Possible Redemption
At March 31, 2022 and December 31, 2021, the Class A ordinary shares reflected in the condensed consolidated balance sheets are reconciled in the following table:
 
 
  
March 31,
 
 
  
2022
 
Gross proceeds
   $ 400,000,000  
Less:
        
Proceeds allocated to Public Warrants
     (18,400,000
Class A ordinary shares issuance costs
     (20,292,642
Plus:
        
Accretion of carrying value to redemption value
     38,692,642  
Class A ordinary shares subject to possible redemption
   $ 400,000,000