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Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2022
Accounting Policies [Abstract]  
Reconciliation of Ordinary Shares Subject to Possible Redemption

As of March 31, 2022 and December 31, 2021, the Class A ordinary shares subject to possible redemption reflected in the condensed balance sheets are reconciled in the following table:

 

 

Gross proceeds

 

$

230,000,000

 

Less:

 

 

 

 

Proceeds allocated to Public Warrants

 

 

(9,637,000

)

Issuance costs allocated to Class A ordinary shares

 

 

(12,907,420

)

Plus:

 

 

 

 

Re-measurement of carrying value to redemption value

 

 

25,994,420

 

Class A ordinary shares subject to possible redemption

 

$

233,450,000

 

Calculation of Basic and Diluted Net Loss Per Ordinary Share

The following table reflects the calculation of basic and diluted net loss per ordinary share (in dollars, except per share amounts):

 

 

 

For the Three Months Ended

March 31, 2022

 

 

For the Period from January 21,

2021 (Inception) Through March

31, 2021

 

 

 

Class A

 

 

Class B

 

 

Class A

 

 

Class B

 

Basic and diluted net loss per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(392,143

)

 

$

(98,036

)

 

 

 

 

(5,500

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted weighted average shares outstanding

 

 

23,000,000

 

 

 

5,750,000

 

 

 

 

 

5,000,000

 

Basic and diluted net loss per share

 

$

(0.02

)

 

$

(0.02

)

 

$

 

 

$

(0.00

)