SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 31, 2022

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Class A Ordinary Shares Subject to Possible Redemption

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

Gross proceeds	$	200,000,000
Less:
Proceeds allocated to Public Warrants		(14,000,000	)
Class A ordinary shares issuance costs		(10,913,470	)
Plus:
Accretion of carrying value to redemption value		24,913,470
Class A ordinary shares subject to possible redemption	$	200,000,000

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):

	For the Three Months Ended March 31,
	2022				2021
	Class A		Class B		Class A			Class B
Basic net income (loss) per ordinary share
Numerator:
Allocation of net income (loss), as adjusted	$	2,602,048	$	650,512	$	(1,375,451	)	$	(687,725	)
Denominator:
Basic weighted average shares outstanding		20,000,000		5,000,000		9,333,333			4,666,667
Basic net income (loss) per ordinary share	$	0.13	$	0.13	$	(0.15	)	$	(0.15	)