Initial Public Offering
|3 Months Ended|
Mar. 31, 2023
|Initial Public Offering|
|Initial Public Offering||
Note 3 — Initial Public Offering
On February 9, 2021, the Company consummated its Initial Public Offering of 41,400,000 Units, including 5,400,000 Over-Allotment Units, at $10.00 per Unit, generating gross proceeds of $414.0 million, and incurring offering costs of approximately $23.7 million, of which approximately $14.5 million was for deferred underwriting commissions. On October 7, 2022, one of the underwriters waived its entitlement to their deferred fee of approximately $8.7 million and the other waived entitlement only with respect to the Proposed Business Combination. See Note 5.
Each Unit consists of one Class A ordinary share, andof one redeemable warrant (each, a “Public Warrant”). Each Public Warrant entitles the holder to purchase one Class A ordinary share at a price of $11.50 per share, subject to adjustment (see Note 6).