XML 20 R9.htm IDEA: XBRL DOCUMENT v3.22.1
INITIAL PUBLIC OFFERING
12 Months Ended
Dec. 31, 2021
INITIAL PUBLIC OFFERING.  
INITIAL PUBLIC OFFERING

NOTE 3. INITIAL PUBLIC OFFERING

On October 6, 2020, the Company consummated its Initial Public Offering of 57,500,000 Units, which included the exercise of the underwriters’ option to purchase an additional 7,500,000 Units, generating gross proceeds of $575.0 million, and incurring offering costs of approximately $32.4 million, inclusive of approximately $20.1 million in deferred underwriting commissions.

Each Unit will consist of one Class A ordinary share and one-fifth of one redeemable warrant (each, a “Public Warrant” and collectively, the ”Public Warrants”). Each whole Public Warrant will entitle the holder to purchase one Class A ordinary share at an exercise price of $11.50 per share, subject to adjustment (see Note 7).