Temporary Equity - Class A Ordinary Shares Subject To Possible Redemption

9 Months Ended

Sep. 30, 2021

Temporary Equity - Class A Ordinary Shares Subject To Possible Redemption [Abstract]

Temporary Equity - Class A Ordinary Shares Subject To Possible Redemption

Note 7 — Temporary Equity – 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. As of September 30, 2021, there were 23,000,000 Class A ordinary shares outstanding, all of which were subject to possible redemption. There were no shares of Class A ordinary shares issued or outstanding as of December 31, 2020.

As of September 30, 2021, Class A ordinary shares reflected on the balance sheet is reconciled on the following table:

	As of September 30, 2021
Gross proceeds	$	230,000,000
Less:
Proceeds allocated to public warrants		(4,278,000	)
Class A ordinary share issuance costs		(13,005,571	)
Plus:
Accretion of Class A ordinary shares to redemption amount		17,283,571
Class A ordinary share subject to possible redemption	$	230,000,000