| Reconciliation of class A ordinary shares |
At June 30, 2022 and December 31, 2021, the Class A ordinary shares reflected in the condensed balance sheets are reconciled in the following table:
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Gross proceeds |
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$ |
345,000,000 |
Less: |
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Proceeds allocated to Public Warrants |
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(16,905,000) |
Class A ordinary shares issuance costs |
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(18,596,985) |
Plus: |
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Accretion of carrying value to redemption value |
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|
35,501,985 |
Class A ordinary shares subject to possible redemption as of December 31, 2021 |
|
$ |
345,000,000 |
Plus: |
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|
Accretion of carrying value to redemption value |
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|
— |
Class A ordinary shares subject to possible redemption as of March 31, 2022 |
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$ |
345,000,000 |
Plus: |
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|
|
Accretion of carrying value to redemption value |
|
|
523,714 |
Class A ordinary shares subject to possible redemption as of June 30, 2022 |
|
$ |
345,523,714 |
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| Schedule of basic and diluted net income (loss) per ordinary share |
The following table reflects the calculation of basic and diluted net income (loss) per ordinary share (in dollars, except per share amounts):
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For the Three Months Ended June 30, |
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For the Six Months Ended June 30, |
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2022 |
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2021 |
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2022 |
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2021 |
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Class A |
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Class B |
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Class A |
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Class B |
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Class A |
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Class B |
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Class A |
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Class B |
Basic net income (loss) per ordinary share |
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Numerator: |
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Allocation of net income (loss), as adjusted |
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$ |
708,393 |
|
$ |
177,098 |
|
$ |
(4,158,149) |
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$ |
(1,039,537) |
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$ |
5,364,634 |
|
$ |
1,341,158 |
|
$ |
6,124,073 |
|
$ |
2,097,092 |
Denominator: |
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Basic weighted average shares outstanding |
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34,500,000 |
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8,625,000 |
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34,500,000 |
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8,625,000 |
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34,500,000 |
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8,625,000 |
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24,207,182 |
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8,289,365 |
Basic net income (loss) per ordinary share |
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$ |
0.02 |
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$ |
0.02 |
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$ |
(0.12) |
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$ |
(0.12) |
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$ |
0.16 |
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$ |
0.16 |
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$ |
0.25 |
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$ |
0.25 |
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Diluted net income (loss) per ordinary share |
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Numerator: |
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Allocation of net income (loss), as adjusted |
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$ |
708,393 |
|
$ |
177,098 |
|
$ |
(4,158,149) |
|
$ |
(1,039,537) |
|
$ |
5,364,634 |
|
$ |
1,341,158 |
|
$ |
6,061,469 |
|
$ |
2,159,696 |
Denominator: |
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Diluted weighted average shares outstanding |
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34,500,000 |
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8,625,000 |
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34,500,000 |
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|
8,625,000 |
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34,500,000 |
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8,625,000 |
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24,207,182 |
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|
8,625,000 |
Diluted net income (loss) per ordinary share |
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$ |
0.02 |
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$ |
0.02 |
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$ |
(0.12) |
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$ |
(0.12) |
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$ |
0.16 |
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$ |
0.16 |
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$ |
0.25 |
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$ |
0.25 |
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