SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 31, 2022

Schedule of Earnings Per Share, Basic and Diluted

The following table reflects the calculation of basic and diluted net income (loss) per ordinary share:


	For the three months ended March 31,
	2022		2021
Class A ordinary shares
Numerator: Income allocable to Class A ordinary shares
Allocation of net income	$	13,650,525	$	16,304,403
Net income attributable to Class A ordinary shares	$	13,650,525	$	16,304,403
Denominator: Weighted average Class A ordinary shares
Basic and diluted weighted average shares outstanding, Class A ordinary shares	100,000,000		100,000,000
Basic and diluted net income per share, Class A ordinary shares	$	0.14	$	0.16

Class B ordinary shares
Numerator: Net income minus net income allocable to Class A ordinary shares
Net income	$	17,063,156	$	20,380,504
Net income allocable to Class A ordinary shares	(13,650,525)		(16,304,403)
Net income attributable to Class B ordinary shares	$	3,412,631	$	4,076,101
Denominator: Weighted average Class B ordinary shares
Basic and diluted weighted average shares outstanding, Class B ordinary shares	25,000,000		25,000,000
Basic and diluted net income per share, Class B ordinary shares	$	0.14	$	0.16

Schedule of Class A Ordinary Shares Reconciliation

At March 31, 2022 and December 31, 2021, the Class A ordinary shares reflected in the accompanying condensed balance sheets are reconciled in the following table:


Gross proceeds	$	1,000,000,000
Less:
Proceeds allocated to Public Warrants	(30,261,819)
Class A ordinary shares issuance costs	(54,255,575)
Plus:
Accretion of carrying value to redemption value	84,517,394
Class A ordinary shares subject to possible redemption	$	1,000,000,000