Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.21.2
Summary of Significant Accounting Policies (Tables)
 7 Months Ended
Sep. 30, 2021
Accounting Policies [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
 
 
  
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 per ordinary share
      —  
 
 
 
—
        —    
 
 
—
 
Numerator:
       
 
 
 
 
           
 
 
 
 
Allocation of net income, as adjusted
    $ 2,538,638
 
 
$
835,423
      $ 1,904,073  
 
$
1,447,593
 
Denominator:
       
 
 
 
 
           
 
 
 
 
Basic and diluted weighted average shares outstanding
      12,936,957
 
 
 
4,257,337
        5,640,758  
 
 
 4,288,448
 
Basic and diluted net income per ordinary share
      0.20
 
 
 
0.20
        0.34  
 
 
0.34
 
Schedule of reconciliation of Class A Ordinary Shares Reflected in the Condensed Balance Sheets
At September 30, 2021, the shares of Class A ordinary shares reflected in the condensed balance sheets is reconciled in the following table:
 
Gross proceeds
  
$
 169,000,000
 
Less:
  
      
Proceeds allocated to the Public Warrants
  
 
(11,914,500
) 
Shares of Class A ordinary share issuance costs
  
 
(9,329,478
) 
 
  
 
 
 
 
  
 
(21,243,978
) 
Plus:
  
      
Measurement adjustment of carrying value to redemption value
  
 
21,243,978
 
 
  
 
 
 
Class A Common Stock subject to possible redemption
  
$
169,000,000