Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2022

Significant Accounting Policies

Summary of ordinary shares subject to possible redemption

At March 31, 2022, the ordinary shares subject to possible redemption reflected on the consolidated balance sheets are reconciled in the following table:

Gross proceeds from IPO	$	265,147,800
Less:
Proceeds allocated to Public Warrants, net of offering costs		(14,052,833)
Ordinary share issuance costs		(24,729,441)
Plus:
Remeasurement adjustment of carrying value to redemption value		38,807,507
Ordinary shares subject to possible redemption	$	265,173,033

Reconciliation of Net Loss per Common Share

	For the three months ended
	March 31, 2022
	Class A		Class B
Basic and diluted net loss per share
Numerator:
Allocation of net loss	$	(4,679,050)	$	(1,169,763)
Denominator
Weighted-average shares outstanding		26,514,780		6,628,695
Basic and diluted net loss per share	$	(0.18)	$	(0.18)

	For the period from March 11, 2021
	(inception) through
	March 31, 2021
	Class A		Class B
Basic and diluted net loss per share
Numerator:
Allocation of net loss	$	—	$	(6,894)
Denominator
Weighted-average shares outstanding		—		6,250,000
Basic and diluted net loss per share	$	—	$	(0.00)