Annual report pursuant to Section 13 and 15(d)

Significant Accounting Policies (Tables)

v3.22.0.1
Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2021
Significant Accounting Policies  
Summary of reconciliation of common stock subject to possible redemption

At December 31, 2021, the Class A common stock reflected in the balance sheets are reconciled in the following table:

Gross proceeds

    

$

345,000,000

Less:

 

  

Proceeds allocated to Public Warrants

 

(11,247,000)

Issuance costs allocated to Class A common stock

 

(18,865,589)

Plus:

 

  

Accretion for Class A common stock to redemption value

19,104

Remeasurement adjustment of carrying value to redemption value

 

30,112,589

Class A common stock subject to possible redemption

$

345,019,104

Reconciliation of Net Loss per Common Share

For the Period from

December 17, 2020

Year Ended

(Inception) through

December 31, 2021

December 31, 2020

Class A

    

Class B

Class A

    

Class B

Basic and diluted net income (loss) per common stock

 

  

 

  

Numerator:

 

  

 

  

Allocation of net income (loss), as adjusted

$

5,269,198

$

1,546,027

$

$

(1,000)

Denominator:

 

  

 

 

  

 

Basic and diluted weighted average shares outstanding (1)

 

29,395,890

 

8,625,000

 

 

7,500,000

Basic and diluted net income (loss) per common stock

$

0.18

$

0.18

$

$

(0.00)

Class B common stock for the period from December 17, 2020 (inception) through December 31, 2020 excludes an aggregate of up to 1,125,000 shares that were subject to forfeiture if the over-allotment option was not exercised in full or in part by the underwriters (see Note 5). On February 23, 2021, the underwriters fully exercised their over-allotment option; thus, these shares are no longer subject to forfeiture and included in the balance for the year ended December 31, 2021.