SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2021

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Reconciled Class A Ordinary Shares Subject to Possible Redemption

At September 30, 2021 and December 31, 2020, the Class A ordinary shares reflected in the condensed balance sheets are reconciled in the following table:

	September 30, 2021			December 31, 2020
Gross proceeds	$	276,000,000		$	276,000,000
Private Placement Proceeds		5,520,000			2,760,000
Less:
Proceeds allocated to Public Warrants	$	(15,897,248	)	$	(15,897,248	)
Class A ordinary shares issuance costs	$	(14,808,199	)	$	(14,808,199	)
Plus:
Accretion of carrying value to redemption value	$	30,705,447		$	30,705,447
Class A ordinary shares subject to possible redemption	$	281,520,000		$	278,760,000

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:

	Three Months Ended September 30, 2021				Nine Months Ended September 30, 2021				For the Period from July 27, 2020 (Inception) Through September 30, 2020
	Class A		Class B		Class A		Class B		Class A		Class B
Basic and diluted net income per ordinary share
Numerator:
Allocation of net income (loss), as adjusted	$	9,464,606	$	2,366,151	$	18,263,013	$	4,565,753	$	—	$	(5,129	)
Denominator:
Basic and diluted weighted average shares outstanding		27,600,000		6,900,000		27,600,000		6,900,000		—		6,900,000
Basic and diluted net income per ordinary share	$	0.34	$	0.34	$	0.66	$	0.66	$	—	$	—