XML 28 R18.htm IDEA: XBRL DOCUMENT v3.22.4
SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2022
Accounting Policies [Abstract]  
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 year ended December 31, 2022For the year ended December 31, 2021
For the period from January 24, 2020 (inception) through December 31, 2020
Class A ordinary shares
Numerator:
Net income attributable to Class A ordinary shares$16,786,872 $12,679,258 $— 
Denominator:
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$0.17 $0.13 $ 
Class B ordinary shares
Numerator:
Net income (loss) attributable to Class B ordinary shares$4,196,718 $3,169,814 $(13,845)
Denominator:
Basic and diluted weighted average shares outstanding, Class B ordinary shares 25,000,000 25,000,000 25,000,000 
Basic and diluted net income (loss) per share, Class B ordinary shares$0.17 $0.13 $(0.00)
Schedule of Class A Ordinary Shares Reconciliation
At December 31, 2022 and 2021, the Class A ordinary shares reflected in the accompanying 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 value84,517,394 
Class A ordinary shares subject to possible redemption as of December 31, 20211,000,000,000 
Plus:
Accretion of carrying value to redemption value13,282,491 
Class A ordinary shares subject to possible redemption as of December 31, 2022
$1,013,282,491