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Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2022
Accounting Policies [Abstract]  
Schedule of Key Ranges of Inputs for Valuation Models Used to Calculate Fair Value of Warrant Securities and FPAs

Key ranges of inputs for the valuation models used to calculate the fair value of the Warrant Securities and FPAs were as follows,

 

 

June 30, 2022

 

December 31, 2021

Implied volatility

 

3.30%

 

13.00%

Risk-free interest rate

 

2.97%

 

0.19% - 1.30%

Instrument exercise price for one Class A ordinary share

 

$ 11.50

 

$ 11.50

Expected term

 

5.3 years

 

0.5 - 5.5 years
Earnings Shared Pro Rata Between Two Classes of Ordinary Shares

As of June 30, 2022 and 2021, the Company had two classes of ordinary shares, Class A ordinary shares and Class F ordinary shares. For the three and six months ended June 30, 2022 and 2021, earnings are shared pro rata between the two classes of ordinary shares as follows:

 

 

For the Three Months Ended
June 30, 2022

 

 

For the Three Months Ended
June 30, 2021

 

 

 

Class A

 

 

Class F

 

 

Class A

 

 

Class F

 

Basic and diluted net income per ordinary share:

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Allocation of net income

 

$

3,488,165

 

 

$

872,041

 

 

$

113,915,498

 

 

$

28,478,875

 

Accretion of Class A ordinary shares subject to
   possible redemption

 

 

—

 

 

 

(497,135

)

 

 

—

 

 

 

(5,319

)

 

 

$

3,488,165

 

 

$

374,906

 

 

$

113,915,498

 

 

$

28,473,556

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average ordinary shares outstanding:

 

 

35,000,000

 

 

 

8,750,000

 

 

 

35,000,000

 

 

 

8,750,000

 

Basic and diluted net income per ordinary share

 

$

0.10

 

 

$

0.04

 

 

$

3.26

 

 

$

3.26

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Six Months Ended
June 30, 2022

 

 

For the Six Months Ended
June 30, 2021

 

 

 

Class A

 

 

Class F

 

 

Class A

 

 

Class F

 

Basic and diluted net income per ordinary share:

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Allocation of net income

 

$

4,359,306

 

 

$

1,089,826

 

 

$

196,217,727

 

 

$

49,054,432

 

Accretion of Class A ordinary shares subject to
   possible redemption

 

 

—

 

 

 

(525,701

)

 

 

—

 

 

 

(10,579

)

 

 

$

4,359,306

 

 

$

564,125

 

 

$

196,217,727

 

 

$

49,043,853

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average ordinary shares outstanding:

 

 

35,000,000

 

 

 

8,750,000

 

 

 

35,000,000

 

 

 

8,750,000

 

Basic and diluted net income per ordinary share

 

$

0.12

 

 

$

0.06

 

 

$

5.61

 

 

$

5.61