Annual report pursuant to Section 13 and 15(d)

Basis of Presentation and Summary of Significant Accounting Policies (Tables)

v3.22.1
Basis of Presentation and Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2021
Basis of Presentation and Summary of Significant Accounting Policies  
Schedule of restatement of the balance sheets, statements of operations and statements of cash flows

    

As Previously

    

    

As of February 2, 2021

Reported

Adjustment

As Restated

Total assets

$

289,785,365

$

$

289,785,365

Derivative warrant liabilities

 

 

10,638,000

 

10,638,000

Total liabilities

$

10,704,851

$

10,638,000

$

21,342,851

Class A ordinary shares subject to possible redemption

 

274,080,510

 

13,419,490

 

287,500,000

Preferred shares

 

 

 

Class A ordinary shares

 

214

 

(134)

 

80

Class B ordinary shares

 

719

 

 

719

Additional paid-in capital

 

5,030,402

 

(5,030,402)

 

Accumulated deficit

 

(31,331)

 

(19,026,954)

 

(19,058,285)

Total shareholders’ equity (deficit)

$

5,000,004

$

(24,057,490)

 

(19,057,486)

Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption and Shareholders’ Equity (Deficit)

$

289,785,365

$

$

289,785,365

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

For the Year Ended

For the Period From October 19, 2020

December 31, 2021

(Inception) through December 31, 2021

    

Class A

     

Class B

     

Class A

     

Class B

Basic net income (loss) per ordinary share:

 

  

 

  

 

  

 

  

Numerator:

 

  

 

  

 

  

 

  

Allocation of net income (loss) - Basic

$

1,834,962

$

483,616

$

$

(13,671)

Allocation of net income (loss) - Diluted

$

1,830,545

$

488,033

$

$

(13,671)

Denominator:

 

 

 

 

Basic weighted average ordinary shares outstanding

 

26,959,315

 

7,105,308

 

 

6,250,000

Diluted weighted average ordinary shares outstanding

26,959,315

7,187,500

6,250,000

Basic net income (loss) per ordinary share

$

0.07

$

0.07

$

$

(0.00)

Diluted net income (loss) per ordinary share

$

0.07

$

0.07

$

$

(0.00)