Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash $ 21,259 $ 399,935
Prepaid expenses 43,670 326,283
Total current assets 64,929 726,218
Investments held in Trust Account 420,092,302 414,023,891
Total Assets 420,157,231 414,750,109
Current liabilities:    
Accounts payable 170,875 176,063
Accounts payable - related party 345,000 165,000
Accrued expenses 4,124,690 988,825
Working capital loan - related party 500,000 0
Total current liabilities 5,140,565 1,329,888
Derivative warrant liabilities 1,549,000 17,348,800
Deferred underwriting commissions 5,796,000 14,490,000
Total liabilities 12,485,565 33,168,688
Commitments and Contingencies
Class A ordinary shares subject to possible redemption, $0.0001 par value; 41,400,000 shares at approximately $10.14 and $10.00 per share as of December 31, 2022 and December 31, 2021, respectively 419,992,302 414,000,000
Shareholders' Deficit:    
Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued or outstanding
Accumulated deficit (12,321,671) (32,419,614)
Total shareholders' deficit (12,320,636) (32,418,579)
Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption and Shareholders' Deficit 420,157,231 414,750,109
Class A ordinary shares    
Shareholders' Deficit:    
Ordinary shares 0 0
Class B ordinary shares    
Shareholders' Deficit:    
Ordinary shares $ 1,035 $ 1,035