Quarterly report pursuant to Section 13 or 15(d)

Significant Accounting Policies (Tables)

v3.21.2
Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2021
Accounting Policies [Abstract]  
Schedule of Reconciliation of Class A Ordinary shares reflected in the Condensed Balance Sheets
At September 30, 2021 and December 31, 2020, the Class A ordinary shares reflected in the condensed balance sheets are reconciled in the following table:
 
Gross Proceeds
  
$
402,500,000
 
Less: Proceeds allocated to Public Warrants
  
 
(10,101,143
Less: Issuance costs related to Class A ordinary shares
  
 
(22,162,529
Plus: Accretion of carrying value to redemption value
  
 
32,263,672
 
 
  
 
 
 
Class A ordinary shares subject to possible redemption
  
$
402,500,000
 
Reconciliation Of Net Loss Per Ordinary Share
The following table presents a reconciliation of the
 
numerator and denominator used to compute basic and diluted net income per ordinary share for each class of ordinary shares:
 
 
  
For the
Three Months
ended
September 30,
2021
 
  
For the
period from
January 13, 2021
(inception) to
September 30,
2021
 
Ordinary shares subject to possible redemption
                 
Numerator:
                 
Net income allocable to Class A ordinary shares subject to possible redemption
   $ 4,363,750      $ 3,344,981  
Denominator:
                 
Weighted Average Redeemable Class A Ordinary shares, Basic and Diluted
     40,250,000        28,918,582  
    
 
 
    
 
 
 
Basic and Diluted net income per share, Redeemable Class A Ordinary shares
   $ 0.11      $ 0.12  
    
 
 
    
 
 
 
Non-Redeemable
Ordinary shares
                 
Numerator:
                 
Net income allocable to Class B ordinary shares not subject to redemption
   $ 1,090,937      $ 1,115,120  
Denominator:
                 
Weighted Average
Non-Redeemable
Ordinary shares, Basic and Diluted
     10,062,500        9,640,625  
    
 
 
    
 
 
 
Basic and diluted net income per share, ordinary shares
   $ 0.11      $ 0.12