Quarterly report pursuant to Section 13 or 15(d)

CONDENSED BALANCE SHEETS

v3.22.1
CONDENSED BALANCE SHEETS - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Current assets    
Cash $ 810,071 $ 1,223,657
Prepaid expenses 417,898 398,253
Total Current Assets 1,227,969 1,621,910
Investments held in Trust Account 345,146,455 345,034,441
TOTAL ASSETS 346,374,424 346,656,351
Current liabilities    
Accounts payable and accrued expenses 1,323,692 967,453
Advance from related parties 9,893 360
Total Current Liabilities 1,333,585 967,813
Warrant liabilities 3,593,333 10,061,333
Deferred underwriting fee payable 12,075,000 12,075,000
Total Liabilities 17,001,918 23,104,146
Commitments and Contingencies
Class A ordinary shares subject to possible redemption; 500,000,000 shares authorized; 34,500,000 shares at $10.00 per share as of March 31, 2022 and December 31, 2021. 345,000,000  
Shareholders' (Deficit) Equity    
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding
Accumulated deficit (15,628,357) (21,448,658)
Total Shareholders' Deficit (15,627,494) (21,447,795)
TOTAL LIABILITIES, CLASS A SHARES SUBJECT TO POSSIBLE REDEMPTION AND SHAREHOLDERS' DEFICIT 346,374,424 346,656,351
Class A Ordinary Shares Subject to Redemption    
Current liabilities    
Class A ordinary shares subject to possible redemption; 500,000,000 shares authorized; 34,500,000 shares at $10.00 per share as of March 31, 2022 and December 31, 2021. 345,000,000 345,000,000
Class B Ordinary Shares    
Shareholders' (Deficit) Equity    
Common stock $ 863 $ 863