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Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 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,

 

 

March 31, 2022

 

 

December 31, 2021

 

Implied volatility

 

7.70%

 

 

13.00%

 

Risk-free interest rate

 

2.39%

 

 

0.19% - 1.30%

 

Instrument exercise price for one Class A ordinary share

 

$ 11.50

 

 

$ 11.50

 

Expected term

 

5.5 years

 

 

0.5 - 5.5 years

 

Earnings Shared Pro Rata Between Two Classes of Ordinary Shares For the three months ended March 31, 2022 and 2021, earnings are shared pro rata between the two classes of ordinary shares as follows:

 

 

For the Three Months Ended

March 31, 2022

 

 

For the Three Months Ended

March 31, 2021

 

 

 

Class A

 

 

Class F

 

 

Class A

 

 

Class F

 

Basic and diluted net income per ordinary share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allocation of net income

 

$

871,141

 

 

$

217,785

 

 

$

82,302,229

 

 

$

20,575,557

 

Accretion of Class A ordinary shares subject to

   possible redemption

 

 

 

 

 

(28,566

)

 

 

 

 

 

(5,262

)

 

 

$

871,141

 

 

$

189,219

 

 

$

82,302,229

 

 

$

20,570,295

 

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

 

$

0.02

 

 

$

0.02

 

 

$

2.35

 

 

$

2.35