Registration of securities issued in business combination transactions

Class A Ordinary Share Subject to Possible Redemption (Tables)

v3.22.2.2
Class A Ordinary Share Subject to Possible Redemption (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2022
Dec. 31, 2021
Class A Ordinary Share Subject to Possible Redemption.    
Schedule of reconciliation of Class A ordinary share subject to possible redemption reflected on the condensed balance sheet

Gross proceeds

    

$

414,000,000

Less:

Fair value of Public Warrants at issuance

 

(14,076,000)

Offering costs allocated to Class A ordinary shares subject to possible redemption

 

(22,759,327)

Plus:

 

  

Accretion of carrying value to redemption value

 

36,835,327

Class A ordinary shares subject to possible redemption - December 31, 2021

414,000,000

Increase in redemption value of Class A ordinary shares subject to redemption

545,708

Class A ordinary shares subject to possible redemption - June 30, 2022

$

414,545,708

Gross Proceeds

    

$

414,000,000

Less:

Fair value of Public Warrants at issuance

 

(14,076,000)

Class A ordinary share issuance costs

 

(22,759,327)

Plus:

 

  

Accretion of carrying value to redemption value

 

36,835,327

Class A ordinary share subject to possible redemption

$

414,000,000