Quarterly report pursuant to Section 13 or 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.22.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
3 Months Ended
Mar. 31, 2022
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Reconciliation of class A ordinary shares

At March 31, 2022 and December 31, 2021, the Class A ordinary shares reflected in the condensed balance sheets are reconciled in the following table:

Gross proceeds

    

$

345,000,000

Less:

 

  

Proceeds allocated to Public Warrants

(16,905,000)

Class A ordinary shares issuance costs

(18,596,985)

Plus:

 

  

Accretion of carrying value to redemption value

35,501,985

Class A ordinary shares subject to possible redemption

$

345,000,000

Schedule of basic and diluted net income (loss) per ordinary share

The following table reflects the calculation of basic and diluted net income per ordinary share (in dollars, except per share amounts):

For the Three Months Ended March 31, 

    

2022

2021

Class A

Class B

Class A

Class B

Basic net income per ordinary share

Numerator:

Allocation of net income, as adjusted

$

4,656,241

$

1,164,060

$

8,514,030

$

4,904,821

Denominator:

Basic weighted average shares outstanding

34,500,000

8,625,000

13,800,000

7,950,000

Basic net income per ordinary share

$

0.13

$

0.13

$

0.62

$

0.62

Diluted net income per ordinary share

Numerator:

Allocation of net income, as adjusted

$

4,656,241

$

1,164,060

$

8,257,754

$

5,161,097

Denominator:

Diluted weighted average shares outstanding

34,500,000

8,625,000

13,800,000

8,625,000

Diluted net income per ordinary share

$

0.13

$

0.13

$

0.60

$

0.60