Quarterly report pursuant to Section 13 or 15(d)

Significant Accounting Policies Basis of Presentation (Tables)

v3.22.2.2
Significant Accounting Policies Basis of Presentation (Tables)
 9 Months Ended
Sep. 30, 2022
Accounting Policies [Abstract]  
Schedule of Reconciliation of Numerator and Denominator used to Compute Basic and Diluted Net Income Per Share The table below presents a reconciliation of the numerator and denominator used to compute basic and diluted net income per share for each class of ordinary shares.

 

 

 

For the Three Months Ended
September 30, 2022

 

 

For the Three Months Ended September 30, 2021

 

 

 

Class A

 

 

Class B

 

 

Class A

 

 

Class B

 

Basic and diluted net income (loss) per ordinary share

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Allocation of net income (loss)

 

$

1,987,471

 

 

$

678,124

 

 

$

—

 

 

$

(32,162

)

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding

 

 

21,930,000

 

 

 

7,482,500

 

 

 

—

 

 

 

7,000,000

 

Basic and diluted net income (loss) per ordinary share

 

$

0.09

 

 

$

0.09

 

 

$

—

 

 

$

(0.00

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Nine Months Ended
September 30, 2022

 

 

For the Period from March 3, 2021(Inception) through
September 30, 2021

 

 

 

Class A

 

 

Class B

 

 

Class A

 

 

Class B

 

Basic and diluted net income (loss) per ordinary share

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Allocation of net income (loss)

 

$

5,060,006

 

 

$

1,876,787

 

 

$

—

 

 

$

(37,375

)

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding

 

 

20,025,860

 

 

 

7,427,711

 

 

 

—

 

 

 

7,000,000

 

Basic and diluted net income (loss) per ordinary share

 

$

0.25

 

 

$

0.25

 

 

$

—

 

 

$

(0.01

)
Reconciliation of Class A Ordinary Shares

As of September 30, 2022, the amount of Class A ordinary shares reflected on the balance sheet are reconciled in the following table:

 

Gross Proceeds

 

$

219,300,000

 

Less:

 

 

 

Proceeds Allocated to Public Warrants

 

 

(5,372,850

)

 

 

 

 

Class A ordinary shares issuance cost

 

 

(20,937,928

)

Add:

 

 

 

Re-measurement of carrying value to redemption value

 

 

28,561,305

 

 

 

 

 

Class A ordinary shares subject to redemption 03/31/2022

 

 

221,550,527

 

Add:

 

 

 

Re-measurement of carrying value to redemption value

 

 

317,432

 

 

 

 

 

Class A ordinary shares subject to redemption 06/30/2022

 

 

221,867,959

 

Add:

 

 

 

Re-measurement of carrying value to redemption value

 

 

1,168,445

 

 

 

 

 

Class A ordinary shares subject to redemption 09/30/2022

 

$

223,036,404