Quarterly report pursuant to Section 13 or 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.22.2.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Jun. 30, 2022
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Schedule of Class A ordinary shares reflected in the condensed balance sheet

Gross proceeds

    

$

200,000,000

Less:

Proceeds allocated to Public Warrants

(14,800,000)

Issuance costs allocated to Class A ordinary shares

 

(10,603,116)

Plus:

 

Remeasurement of carrying value to redemption value

 

25,403,116

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

200,000,000

Plus:

 

Remeasurement of Class A ordinary shares subject to possible redemption

 

285,358

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

$

200,285,358

Schedule of basic and diluted of net income per ordinary share

The following table reflects the calculation of basic and diluted net income per ordinary share (in dollars, except per share amounts):

For the Period from 

For the

For the

January 22, 2021 

Three Months Ended

Three Months Ended

Six Months Ended 

(inception) through 

    

June 30, 2022

    

June 30, 2021

    

June 30, 2022

    

June 30, 2021

    

Class A

    

Class B

    

Class A

    

Class B

    

Class A

    

Class B

    

Class A

    

Class B

Basic and diluted net income per share:

Numerator:

Net income

$

10,699,010

2,674,753

8,913,434

2,228,358

10,515,622

2,628,905

4,470,604

1,785,937

Denominator:

Basic and diluted weighted average shares outstanding

20,000,000

5,000,000

20,000,000

5,000,000

20,000,000

5,000,000

10,777,778

4,305,556

Basic and diluted net income per share of ordinary share

$

0.53

$

0.53

$

0.45

$

0.45

$

0.53

$

0.53

$

0.41

$

0.41