Condensed Balance Sheets - USD ($) | Sep. 30, 2022 | Dec. 31, 2021 |
---|---|---|
Current assets: | ||
Cash | $ 205,807 | $ 81,567 |
Prepaid expenses | 171,785 | 398,328 |
Total current assets | 377,592 | 479,895 |
Investments held in Trust Account | 318,172,518 | 316,267,458 |
Total Assets | 318,550,110 | 316,747,353 |
Current liabilities: | ||
Accounts payable | 106,780 | 40,149 |
Accrued expenses | 1,746,355 | 1,723,300 |
Accrued expenses - related party | 200,000 | 110,000 |
Working capital loan - related party | 550,000 | 0 |
Total current liabilities | 2,603,135 | 1,873,449 |
Deferred underwriting commissions | 11,068,750 | 11,068,750 |
Derivative warrant liabilities | 807,380 | 12,557,750 |
Total liabilities | 14,479,265 | 25,499,949 |
Commitments and Contingencies | ||
Class A ordinary shares subject to possible redemption, $0.0001 par value; 31,625,000 shares at redemption value of approximately $10.06 and $10.00 per share as of September 30, 2022 and December 31, 2021, respectively | 318,072,518 | 316,250,000 |
Shareholders' Deficit: | ||
Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued and outstanding as of September 30, 2022 and December 31, 2021 | 0 | 0 |
Additional paid-in capital | 0 | 0 |
Accumulated deficit | (14,002,464) | (25,003,387) |
Total shareholders' deficit | (14,001,673) | (25,002,596) |
Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption and Shareholders' Deficit | 318,550,110 | 316,747,353 |
Class A ordinary shares [Member] | ||
Current liabilities: | ||
Class A ordinary shares subject to possible redemption, $0.0001 par value; 31,625,000 shares at redemption value of approximately $10.06 and $10.00 per share as of September 30, 2022 and December 31, 2021, respectively | 318,072,518 | 316,250,000 |
Shareholders' Deficit: | ||
Common Stock | 0 | 0 |
Class B ordinary shares [Member] | ||
Shareholders' Deficit: | ||
Common Stock | $ 791 | $ 791 |