Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.21.2
Summary of Significant Accounting Policies (Tables)
 9 Months Ended
Sep. 30, 2021
Accounting Policies [Abstract]  
Schedule of basic and diluted net loss per ordinary share
Gross proceeds   $ 253,000,000  
Less:        
Proceeds allocated to Public and Private Placement Warrants     (30,065,074 )
Class A ordinary shares issuance costs     (14,138,380 )
Plus:        
Proceeds received from issuance of Private Placement Warrants     7,060,000  
Accretion of carrying value to redemption value     37,143,454  
         
Class A ordinary shares subject to possible redemption   $ 253,000,000  

 
Schedule of calculation of basic and diluted net income (loss) per ordinary share
    Three Months Ended
September 30,
2021		     Nine 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 loss   $ (1,238,910 )   $ (309,728 )   $ (3,218,079 )   $ (950,008 )
Accretion of temporary equity to redemption value    
-
      
—
       37,143,454      
—
  
Allocation of net income (loss), as adjusted   $ (1,238,910 )   $ (309,728 )   $ 33,925,375     $ (950,008 )
Denominator:                                
Basic and diluted weighted average shares outstanding     25,300,000       6,325,000       20,944,322       6,182,967  
                                 
Basic and diluted net income (loss) per ordinary share   $ (0.05 )   $ (0.05 )   $ 1.62     $ (0.15 )