Class A Ordinary Shares Subject to Possible Redemption

12 Months Ended

Dec. 31, 2021

Class A Ordinary Shares Subject To Possible Redemption [Abstract]

CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION

NOTE 8. 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 500,000,000 shares of Class A ordinary shares with a par value of $0.0001 per share. Holder of the Company’s Class A ordinary shares are entitled to one vote for each share. As of December 31, 2021, there were 24,150,000 shares of Class A ordinary shares outstanding, all of which were subject to redemption. There were no Class A shares outstanding as of December 31, 2020.

As of December 31, 2021, Class A ordinary shares reflected on the balance sheet is reconciled on the following table:

	As of December 31,
	2021
Gross Proceeds	$	241,500,000
Less:
Proceeds allocated to Public Warrants		(11,775,540	)
Class A ordinary shares issuance costs		(13,347,108	)
Plus:
Remeasurement of carrying value to redemption value		25,122,648
Class A ordinary shares subject to possible redemption	$	241,500,000