Class A Ordinary Shares Subject to Possible Redemption

3 Months Ended

Mar. 31, 2021

Temporary Equity Disclosure [Abstract]

Class A Ordinary Shares Subject to Possible Redemption

Note 6 — 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 uncertain future events. The Company is authorized to issue 200,000,000 Class A 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 March 31, 2021, there were 32,000,000 Class A ordinary shares outstanding that were subject to possible redemption. There were no Class A ordinary shares issued and outstanding at December 31, 2020.

As of March 31, 2021, Class A ordinary shares reflected on the unaudited condensed balance sheet are reconciled in the following table:

	As of March 31, 2021
Gross proceeds	$	320,000,000
Less:
Class A ordinary shares issuance costs		(17,455,524	)
Plus:
Accretion of carrying value to redemption value		17,455,524
Class A ordinary shares subject to possible redemption	$	320,000,000