Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.22.2.2
Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2022
Summary of Significant Accounting Policies [Abstract]  
Shares Subject to Possible Redemption

As of June 30, 2022 and December 31, 2021, the Class A ordinary shares subject to possible redemption reflected on the balance sheet are reconciled in the following table:

Gross Proceeds
  
$
230,000,000
  
Less:
        
Proceeds allocated to Public Warrants
    
(13,110,000
)
Class A ordinary shares issuance costs
    
(12,375,591
)
Plus:
        
Accretion of carrying value to redemption value
    
27,785,591
  
Class A ordinary shares subject to possible redemption, December 31, 2021
  
$
232,300,000
  
Accretion of carrying value to redemption value
     161,098  
Class A ordinary shares subject to possible redemption, June 30, 2022
     232,461,098  
Reconciliation of Net Income (Loss) Per Ordinary Share

A reconciliation of net income (loss) per ordinary share is as follows:
 
   
For the three months
ended June 30, 2022
    
For the three
months ended June
30, 2021
    
For the six months
ended June 30, 2022
    
For the period from
February 2, 2021
(inception)
through June 30,
2021
  
   
Class A
    
Class B
    
Class A
    
Class B
    
Class A
    
Class B
    
Class A
    
Class B
  
Basic and diluted net income (loss) per ordinary share
                                                
Numerator:
                                                
Allocation of net income (loss), as adjusted
  
$
3,145,306
    
$
786,327
    
$
-
    
$
-
 
$
5,697,150
     $ 1,424,287    
$
-
    
$
(10,216
)
Denominator:
                                                                
Basic and diluted weighted average shares outstanding
    
23,000,000
      
5,750,000
      
-
      
5,750,000
      
23,000,000
      
5,750,000
      
-
      
5,750,000
  
Basic and diluted net income (loss) per ordinary share
  
$
0.14
    
$
0.14
    
$
(0.00
)
  
$
(0.00
)
  
$
0.25
    
$
0.25
    
$
(0.00
)
  
$
(0.00
)