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Cash Held in Trust Account
6 Months Ended
Jun. 30, 2022
Assets Held-in-trust [Abstract]  
Cash Held in Trust Accounts

5. Cash Held in Trust Account

Gross proceeds of $400,000,000 and $10,000,000 from the Public Offering and the sale of the Private Placement Shares, respectively, less underwriting discounts of $8,000,000; and funds of $2,000,000 designated to pay the Company’s accrued formation and offering costs, ongoing administrative and acquisition search costs, plus repay notes payable of $750,000 to the Sponsor at the Close Date were placed in the Trust Account at the Close Date.

At each of June 30, 2022 and December 31, 2021, the balance of funds held in the Trust Account was $400,000,000.