Tailwind International Acquisition Corp. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Class A ordinary shares (Details)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Class A ordinary shares (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
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	$ 4,743,202	35,501,985
Class A ordinary shares subject to possible redemption	$ 349,743,202	$ 345,000,000

- Definition

Carrying amount, attributable to parent, of an entity's issued and outstanding stock which is not included within permanent equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. Includes stock with a put option held by an ESOP and stock redeemable by a holder only in the event of a change in control of the issuer.

+ References + Details