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Restatement of Previously Issued IPO Balance Sheet (Tables)
10 Months Ended
Dec. 31, 2021
Prior Period Adjustment [Abstract]  
Summary of Restatement of Previously Issued IPO Balance Sheet

The impact of the restatement on the balance sheet as of August 13, 2021 is presented below:

 

 

As of August 13, 2021

 

 

 

As Previously

Reported

 

 

Restatement

Adjustment

 

 

As Restated

 

Balance Sheet

 

 

 

 

 

 

 

 

 

 

 

 

Ordinary shares subject to possible redemption

 

 

261,299,500

 

 

 

58,113,000

 

 

 

319,412,500

 

Shareholders’ equity (deficit)

 

 

 

 

 

 

 

 

 

 

 

 

Class A ordinary shares - $0.0001 par value

 

 

575

 

 

 

(575

)

 

 

 

Additional paid-in-capital

 

 

14,650,236

 

 

 

(14,650,236

)

 

 

 

Accumulated deficit

 

 

(9,651,592

)

 

 

(43,462,189

)

 

 

(53,113,781

)

Total shareholders’ equity (deficit)

 

 

5,000,010

 

 

 

(58,113,000

)

 

 

(53,112,990

)