Class A Ordinary Shares Subject To Possible Redemption

9 Months Ended

Sep. 30, 2021

Temporary Equity Disclosure [Abstract]

Class A Ordinary Shares Subject To Possible Redemption

Note 7 – Class A Ordinary Shares Subject To Possible Redemption

The Company’s Class A ordinary shares feature certain redemption rights that are considered to be outside of the Company’s control and subject to the occurrence of future events. The Company is authorized to issue 479,000,000 ordinary shares with a par value of $0.0001 per share. Holders of the Company’s Class A ordinary shares are entitled to one vote for each share. As of September 30, 2021, there were 13,800,000 Class A ordinary shares outstanding, all of which were subject to possible redemption.

Class A ordinary shares subject to possible redemption reflected on the condensed balance sheet is reconciled on the following table:

Gross proceeds	$	138,000,000
Less:
Fair value of Public Warrants at issuance		(7,682,000	)
Offering costs allocated to Class A common stock subject to possible redemption		(7,653,636	)
Plus:
Accretion on Class A common stock subject to possible redemption amount		15,335,636
Class A common stock subject to possible redemption	$	138,000,000