Registration of securities issued in business combination transactions

Condensed Balance Sheet

v3.22.1
Condensed Balance Sheet
Dec. 31, 2021
USD ($)
Current Assets:  
Cash $ 507,233
Prepaid expenses 629,106
Total current assets 1,136,339
Prepaid expenses – non-current portion 141,333
Cash and investments held in trust account 402,530,526
TOTAL ASSETS 403,808,198
Current liabilities:  
Accrued costs and expenses 2,419,324
Due to related party 1,667
Promissory note – related party 1,000,000
Total current liabilities 3,420,991
Derivative warrant liabilities 13,340,010
Deferred underwriters' discount 14,087,500
Total liabilities 30,848,501
Commitments and Contingencies
Class A ordinary shares, $0.001 par value; 200,000,000 shares authorized; 40,250,000 shares subject to possible redemption at a redemption value of $10.00 per share 402,500,000
Shareholders' Deficit:  
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding 0
Additional paid-in capital 0
Accumulated deficit (29,541,309)
Total Shareholders' deficit (29,540,303)
TOTAL LIABILITIES, REDEEMABLE ORDINARY SHARES AND SHAREHOLDERS' DEFICIT 403,808,198
Common Class B  
Shareholders' Deficit:  
Class B ordinary shares, $0.0001 par value; 20,000,000 shares authorized 10,062,500 shares issued and outstanding $ 1,006