XML 30 R20.htm IDEA: XBRL DOCUMENT v3.22.2.2
Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2022
Accounting Policies [Abstract]  
Schedule of Calculation of Basic and Diluted Net Income (Loss) Per Ordinary Share

The following table reflects the calculation of basic and diluted net income (loss) per ordinary share (in dollars, except share amounts) for the three and six months ended June 30, 2022, for the three months ended June 30, 2021 and for the period from February 19, 2021 (inception) through June 30, 2021:

 

 

 

For the Three Months Ended

June 30,

 

 

2022

 

 

2021

 

 

Class A Ordinary
Shares

 

 

Class B Ordinary
Shares

 

 

Class A Ordinary
Shares

 

 

Class B Ordinary
Shares

Basic and diluted net income per ordinary share

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

Allocation of net income

$

812,477

 

$

377,222

 

$

 —

 

$

Denominator

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted weighted average shares outstanding

 

13,932,692

 

 

6,468,750

 

 

 

 

5,625,000

Basic and diluted net income per ordinary shares

$

0.06

 

$

0.06

 

$

 

$

 

 

 

 

For the Six Months Ended

June 30,

 

 

For the Six Months Ended

June 30,

 

 

For the period from February 19, 2021 (inception) through June 30,

 

 

2022

 

 

2021

 

 

Class A Ordinary Shares

 

 

Class B Ordinary Shares

 

 

Class A Ordinary Shares

 

 

Class B Ordinary Shares

Basic and diluted net income (loss) per ordinary share

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

Allocation of net income (loss)

$

618,517

 

$

571,182

 

$

 

$

(3,553)

Denominator

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted weighted average shares outstanding

 

7,004,834

 

 

6,468,750

 

 

 

 

5,625,000

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted net income (loss) per ordinary shares

$

0.09

 

$

0.09

 

$

 

$

Schedule of Class A Common Stock Subject to Possible Redemption Reflected in Balance Sheet

As of June 30, 2022, the Class A common stock subject to possible redemption reflected in the balance sheet is reconciled in the following table:

 

Gross Proceeds

$

258,750,000

Less:

 

 

Proceeds allocated to Public Warrants

 

(2,587,500)

Total stock issuance costs

 

(5,967,069)

Plus:

 

 

Accretion of carrying value to redemption value

 

16,579,065

Class A common stock subject to possible redemption

$

266,774,496