Quarterly report pursuant to Section 13 or 15(d)

Significant Accounting Policies (Tables)

v3.22.1
Significant Accounting Policies (Tables)
 3 Months Ended
Mar. 31, 2022
Accounting Policies [Abstract]  
Summary of Ordinary Shares Reflected on Balance Sheet are Reconciled

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

Gross proceeds from IPO

$

203,950,000

 

Less:

 

 

 

Proceeds allocated to public warrants

 

(15,806,125

)

Class A ordinary share issuance costs

 

(11,269,488

)

Plus:

 

                          

 

Accretion of carrying value to redemption value

 

29,115,113

 

 

 

 

 

Class A ordinary shares subject to redemption

$

205,989,500

 
Summary of Reconciliation of Numerator and Denominator used to Compute Basic and Diluted Net Income Per Ordinary Share

The following table presents a reconciliation of the numerator and denominator used to compute basic and diluted net income (loss) per ordinary share for each class of ordinary shares:

 

 

For the three months

ended March 31, 2022

 

For the period from

March 9, 2021 (Inception)

to March 31, 2021

 

 

 

 

Class A

 

 

Class B

 

 

Class A

 

 

Class B

 

Basic and diluted net income (loss) per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

Allocation of net income (loss)

 

$

3,777,678

 

$

944,419

 

$

—

 

$

(8,497

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding

 

 

20,395,000

 

 

5,098,750

 

 

—

 

 

5,000,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted net income (loss) per share

 

$

0.19

 

$

0.19

 

$

—

 

$

(0.00

)