Registration of securities issued in business combination transactions

Condensed Balance Sheet

v3.21.4
Condensed Balance Sheet - USD ($)
Sep. 30, 2021
Jan. 26, 2021
Current Assets:    
Cash $ 58,873  
Prepaid expenses 629,105  
Total current assets 687,978  
Prepaid expenses — non-current portion 299,902  
Cash and investments held in trust account 402,520,541  
Deferred offering costs   $ 70,000
TOTAL ASSETS 403,508,421 70,000
Current liabilities:    
Accrued costs and expenses 982,691  
Due to related party 61,667  
Accounts payable and accrued expenses   50,000
Total current liabilities 1,044,358 50,000
Warrant liability 13,655,134  
Deferred underwriters' discount 14,087,500  
Total liabilities 28,786,992  
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
Additional paid-in capital 0 23,994
Accumulated deficit (27,779,577) (5,000)
Total Shareholders' deficit (27,778,571) 20,000
TOTAL LIABILITIES AND SHAREHOLDER'S DEFICIT 403,508,421 70,000
Common Class A    
Current liabilities:    
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:    
Common stock value   0
Common Class B    
Shareholders' Deficit:    
Common stock value 1,006 1,006 [1]
Total Shareholders' deficit $ 1,006 $ 1,006 [1]
[1] Includes an aggregate of up to 1,312,500 Class B ordinary shares that are subject to forfeiture if the over-allotment option is not exercised in full or in part by the underwriter (see Note 4). On February 12, 2021, the Company effected a 33-for-25 share split with respect to the founder shares, resulting in an aggregate of 9,487,500 founder shares issued and outstanding. On March 22, 2021, the Company effected a 35-for-33 share split with respect to the founder shares, resulting in an aggregate of 10,062,500 founder shares issued and outstanding. All share and per-share amounts have been retroactively restated to reflect the share capitalizations (see Note 4).