Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2022

Significant Accounting Policies [Line Items]

Schedule of Basic and Diluted Loss per Ordinary Share

Basic and diluted net loss per ordinary share is calculated as follows:

	Unaudited Three Months Ended
In thousands, except per share data	March 31, 2022		March 31, 2021
Numerator:
Net Loss	$	(16,318)	$	(5,897)
Denominator:
Weighted average number of common shares - basic	209,355		163,260
Net loss per ordinary share:
Basic and diluted	$	(0.08)	$	(0.04)

Agrico Acquisition Corp.

Significant Accounting Policies [Line Items]

Schedule of unrealized holding loss and fair value of held to maturity securities

The carrying value, excluding gross unrealized holding loss and fair value of held to maturity securities on December 31, 2021 are as follows:

	Carrying Value as of December 31, 2021		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value as of December 31, 2021
U.S. Treasury Securities	146,644,279		897		—		146,645,176
Cash	396		—		—		396
	$	146,644,675	$	897	$	—	$	146,645,572

The carrying value approximates the fair value due to its short-term maturity. The carrying value, excluding gross unrealized holding loss and fair value of held to maturity securities at December 31, 2021 are as follows:

	Carrying  Value as of  December 31,  2021		Gross  Unrealized  Gains		Gross  Unrealized  Losses		Fair Value  as of  December 31,  2021
U.S. Treasury Securities	146,644,279		897		—		146,645,176
Cash	396		—		—		396
	$	146,644,675	$	897	$	—	146,645,572

Schedule of Basic and Diluted Loss per Ordinary Share

	For the Year ended December 31, 2021				For the period from July 31, 2020 (inception)through December 31, 2020
	Class A		Class B		Class A		Class B
Basic and diluted net income (loss) per share:
Numerator:
Allocation of net income (loss)	$	(256,068)	$	(116,096)	$	—	$	9,672
Denominator:
Weighted-average shares outstanding including ordinary shares subject to redemption	6,881,490		3,141,695		—		—
Basic and diluted net income (loss) per share	$	(0.04)	$	(0.04)	$	—	$	—

	For the three months ended March 31,
	2022				2021
	Class A		Class B		Class A		Class B
Basic and diluted net loss per share:
Numerator:
Allocation of net loss	$	(304,235)	$	(75,306)	$	—	$	—
Denominator:
Weighted-average shares outstanding including ordinary shares subject to redemption (1)	14,518,750		3,593,750		—		2,291,667
Basic and diluted net loss per share	$	(0.02)	$	(0.02)	$	—	$	—

___________________

(1)As of March 31, 2021, excludes up to 468,750 shares subject to forfeiture to the extent that the underwriter’s over-allotment option is not exercised in full or in part. On April 9, 2021, the sponsor forfeited to the Company for no consideration an aggregate of 1,406,250 Founder Shares, which the Company cancelled, resulting in a decrease in the total number of Founder Shares outstanding from 5,000,000 shares to 3,593,750 shares.

Schedule of ordinary share reflected on the balance sheet

As of December 31, 2021, the ordinary shares reflected on the balance sheet are reconciled in the following table:

Gross proceeds from IPO	$	143,750,000
Less:
Proceeds allocated to Public Warrants	(5,287,763)
Offering costs related to Class A ordinary shares subject to possible redemption	(8,223,786)
Plus:
Offering costs allocated to public warrants	314,060
Re-Measurement of Class A ordinary shares to redemption amount	16,072,489
Class A ordinary shares subject to possible redemption	$	146,625,000

As of March 31, 2022 and December 31, 2021, the ordinary shares reflected on the balance sheets are reconciled in the following table:

Gross proceeds from IPO	$	143,750,000
Less:
Proceeds allocated to Public Warrants	(5,287,763)
Offering costs related to Class A ordinary shares subject to possible redemption	(8,223,786)
Plus:
Offering costs allocated to public warrants	314,060
Re-Measurement of Class A ordinary shares to redemption amount	16,072,489
Class A ordinary shares subject to possible redemption	$	146,625,000