XML 20 R9.htm IDEA: XBRL DOCUMENT v3.22.1
Initial Public Offering
12 Months Ended
Dec. 31, 2021
Initial Public Offering [Abstract]  
Initial Public Offering

Note 3 — Initial Public Offering

 

On March 2, 2021, the Company consummated its Initial Public Offering of 27,600,000 Units, including the exercise of the underwriter’s option to purchase 3,600,000 Over-Allotment Units, at $10.00 per Unit, generating gross proceeds of $276,000,000, and incurring offering costs of approximately $16,100,000, of which approximately $9,700,000 was for deferred underwriting commissions.

 

Each Unit consists of one share of Class A common stock and one-half of one redeemable warrant (each, a “Public Warrant”). Each Public Warrant entitles the holder to purchase one share of Class A common stock at a price of $11.50 per share, subject to adjustment (see Note 6).