Annual report pursuant to Section 13 and 15(d)

BALANCE SHEETS

v3.22.1
BALANCE SHEETS - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash $ 399,935 $ 6,410
Prepaid expenses 326,283 17,000
Total current assets 726,218 23,410
Deferred offering costs   439,752
Investments held in Trust Account 414,023,891  
Total Assets 414,750,109 463,162
Current liabilities:    
Accounts payable 176,063 116,374
Accrued expenses 988,825 194,520
Accounts payable - related party 165,000  
Note payable - related party   139,949
Total current liabilities 1,329,888 450,843
Derivative warrant liabilities 17,348,800  
Deferred underwriting commissions 14,490,000  
Total liabilities 33,168,688 450,843
Commitments and Contingencies
Class A ordinary shares subject to possible redemption, $0.0001 par value; 41,400,000 and 0 shares at $10.00 per share redemption value as of December 31, 2021 and 2020, respectively 414,000,000  
Shareholders' Equity (Deficit):    
Preference shares, $0.0001 par value; 5,000,000 shares authorized none issued or outstanding
Additional paid-in capital   23,965
Accumulated deficit (32,419,614) (12,681)
Total shareholders' equity (deficit) (32,418,579) 12,319
Total Liabilities, Class A Ordinary shares Subject to Possible Redemption and Shareholders' Equity (Deficit) 414,750,109 463,162
Class B Common Stock    
Shareholders' Equity (Deficit):    
Ordinary shares [1] $ 1,035 $ 1,035
[1] The December 31, 2020, amount included up to 1,350,000 Class B ordinary shares subject to forfeiture if the over-allotment option was not exercised in full or in part by the underwriters. On February 9, 2021, the full amount of the over-allotment was exercised resulting in no forfeiture of shares.