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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 9 Months Ended
Sep. 30, 2022
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]  
Class A Ordinary Shares Subject to Possible Redemption

The activity in Class A ordinary shares subject to possible redemption for the period from May 6, 2021 (inception) through December 31, 2021 and the nine months ended September 30, 2022 is as follows:
 
Class A ordinary shares subject to possible redemption at May 6, 2021 (inception)
  
$
—
  
Gross proceeds from the sale of Class A ordinary shares in IPO
    
287,500,000
  
Less:
        
Fair value of Public Warrants at issuance
    
(17,968,750
)
Issuance costs on Class A ordinary shares
    
(15,591,299
)
Plus:
        
Remeasurement adjustment on Class A ordinary shares subject to possible redemption to redemption value
    
39,311,420
  
Class A ordinary shares subject to possible redemption at December 31, 2021
    
293,251,371
  
Remeasurement adjustment on Class A ordinary shares subject to possible redemption to redemption value
    
1,564,278
  
Class A ordinary shares subject to possible redemption at September 30, 2022
  
$
294,815,649
  
Basic and Diluted Income (Loss) Per Common Share

The following table reflects the calculation of basic and diluted income (loss) per common share for the three months ended September 30, 2022 and 2021, the nine months ended September 30, 2022 and the period from May 6, 2021 (inception) through September 30, 2021:
   
Three Months ended September 30,
    
Nine Months ended
September 30,
    
Period from May 6,
2021 (inception)
through
September 30,
  
   
2022
    
2021
    
2022
    
2021
  
Common shares subject to possible redemption
                        
Numerator: Net income allocable to common shares subject to possible redemption
  
$
846,728
     $ —    
$
9,242,603
    
$
—
  
                                 
Denominator: Weighted average Class A redeemable common shares
                                
Weighted average Class A redeemable common shares outstanding, basic and diluted
    
28,750,000
      
—
      
28,750,000
      
—
  
Basic and diluted net income per share, Class A redeemable common stock
   $ 0.03     $ —    
$
0.32
     $ —  
                                 
Non-redeemable common stock
                                
Numerator: Net income (loss) minus redeemable net income
                                
Net income (loss)
  
$
1,058,410
    
$
—
     $ 11,553,254    
$
(3,471
)
Less: redeemable net income
    
(846,728
)
    
—
      
(9,242,603
)
    
—
  
Non-redeemable net income (loss)
  
$
211,682
    
$
—
    
$
2,310,651
    
$
(3,471
)
Denominator: Weighted average Class B non-redeemable common shares
                                
Weighted average Class B non-redeemable common shares outstanding, basic(1)
    
7,187,500
      
6,250,000
      
7,187,500
      
6,250,000
  
Basic and diluted net income (loss) per share, Class B non-redeemable common stock
  
$
0.03
    
$
—
    
$
0.32
    
$

—



(1)
Amounts for the three months ended September 30, 2021 and the period from May 6, 2021 (inception) through September 30, 2021 exclude an aggregate of 937,500 Class B ordinary shares that were subject to forfeiture if the overallotment option was not exercised in full or in part by the underwriters. Upon the closing of the Initial Public Offering, the overallotment was fully exercised and these shares were no longer subject to forfeiture.