Summary of Significant Accounting Policies (Tables)

10 Months Ended

Dec. 31, 2021

Summary of Shares Subject to Possible Redemption

The Class A ordinary shares subject to possible redemption reflected on the balance sheet as of December 31, 2021 are reconciled in the following table:


Gross proceeds	$	316,250,000

Less:
Deferred underwriting fees and other offering costs		(16,672,763)
Proceeds allocated to public warrants		(23,718,750)

Plus:
Total accretion of carrying value to redemption value		43,554,013

Class A ordinary shares subject to possible redemption	$	319,412,500

Reconciliation of Net Income Per Ordinary Share

A reconciliation of the net income per ordinary share is as follows:


	For The Period From February 22, 2021 (Inception) Through December 31, 2021
Redeemable Class A Ordinary Shares
Numerator
Net income allocable to Redeemable Class A Ordinary Shares	$	84,906

Denominator
Weighted average shares outstanding, Redeemable Class A Ordinary Shares		14,338,023
Basic and diluted net income per share, Redeemable Class A Ordinary Shares	$	0.01

Non-Redeemable Class B Ordinary Shares
Numerator
Net income allocable to Non-Redeemable Class B Ordinary Shares	$	46,818

Denominator
Weighted average shares outstanding Non-Redeemable Class B Ordinary Shares		7,906,250
Basic and diluted net income per share, Non-Redeemable Class B Ordinary Shares	$	0.01