Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2022

Significant Accounting Policies

Summary of ordinary shares subject to possible redemption

As of June 30, 2022 and December 31, 2021, 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		38,782,274
Ordinary shares subject to possible redemption as of December 31, 2021	$	265,147,800
Plus:
Remeasurement adjustment of carrying value to redemption value		25,233
Ordinary shares subject to possible redemption as of March 31, 2022	$	265,173,033
Plus:
Remeasurement adjustment of carrying value to redemption value		347,335
Ordinary shares subject to possible redemption as of June 30, 2022	$	265,520,368

Reconciliation of Net Loss per Common Share

	Three Months Ended				Three Months Ended
	June 30, 2022				June 30, 2021
	Class A		Class B		Class A		Class B
Basic and diluted net income (loss) per ordinary share
Numerator:
Allocation of net income (loss)	$	3,129,901	$	782,475	$	—	$	(29)
Denominator:
Weighted average shares outstanding		26,514,780		6,628,695		—		6,250,000
Basic and diluted net income (loss) per ordinary share	$	0.12	$	0.12	$	—	$	(0.00)

					For the Period from March 11, 2021
	Six Months Ended				(Inception) Through
	June 30, 2022				June 30, 2021
	Class A		Class B		Class A		Class B
Basic and diluted net income (loss) per ordinary share
Numerator:
Allocation of net income (loss)	$	(1,549,150)	$	(387,287)	$	—	$	(6,923)
Denominator:
Weighted average shares outstanding		26,514,780		6,628,695		—		6,250,000
Basic and diluted net income (loss) per ordinary share	$	(0.06)	$	(0.06)	$	—	$	(0.00)