Registration of securities issued in business combination transactions

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.21.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
9 Months Ended
Sep. 30, 2021
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Reconciliation of class A ordinary shares

At September 30, 2021 the Class A ordinary shares reflected in the condensed balance sheets are reconciled in the following table:

Gross proceeds

    

$

345,000,000

Less:

 

  

Proceeds allocated to Public Warrants

(11,270,000)

Class A ordinary shares issuance costs

(18,881,972)

Plus:

 

  

Accretion of carrying value to redemption value

30,151,972

Class A ordinary shares subject to possible redemption

$

345,000,000

Schedule of calculation of basic and diluted net income (loss) per ordinary share

Three Months Ended 

Nine Months Ended 

September 30, 

September 30, 

2021

2021

    

Class A

    

Class B

    

Class A

    

Class B

Basic and diluted net loss per ordinary share

Numerator:

Allocation of net loss, as adjusted

$

(1,106,926)

$

(276,732)

$

(1,985,335)

$

(639,813)

Denominator:

Weighted average shares outstanding

34,500,000

8,625,000

25,906,593

8,348,901

Basic and diluted net loss per ordinary share

$

(0.03)

$

(0.03)

$

(0.08)

$

(0.08)