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)
9 Months Ended
Sep. 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

 

1,170,411

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

$

201,170,411

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

The following table reflects the calculation of basic and diluted net income (loss) 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

Nine Months Ended 

(inception) through 

    

September 30, 2022

    

September 30, 2021

    

September 30, 2022

    

September 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 (loss) income

$

(1,614,786)

$

(403,697)

$

(4,344,998)

$

1,086,249

$

8,900,835

$

2,225,209

$

622,056

$

203,238

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

15,059,761

4,920,319

Basic and diluted net (loss) income per share of ordinary share

$

(0.08)

$

(0.08)

$

(0.22)

$

(0.22)

$

0.45

$

0.45

$

0.04

$

0.04