Registration of securities issued in business combination transactions

Condensed Balance Sheet

v3.21.2
Condensed Balance Sheet - USD ($)
Mar. 31, 2021
Jan. 18, 2021
Current assets:    
Cash $ 804,139  
Prepaid expenses 1,063,070 $ 14,516
Total current assets 1,867,209 14,516
Investments held in Trust Account 275,000,000  
Deferred offering costs associated with proposed public offering   35,000
Total Assets 276,867,209 49,516
Current liabilities:    
Accounts payable 32,960  
Accounts payable - related party 9,677  
Accrued expenses 89,767 35,000
Total current liabilities 132,404 35,000
Deferred underwriting commissions 9,625,000  
Warrant liabilities 7,745,000  
Total liabilities 17,502,404  
Commitments and Contingencies (Note 6)
Shareholders' Equity:    
Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued and outstanding
Additional paid-in capital 4,001,017 24,310
Retained earnings 998,092 (10,484)
Total shareholders' equity 5,000,005 14,516
Total Liabilities and Shareholders' Equity 276,867,209 49,516
Class A Ordinary Shares [Member]    
Current liabilities:    
Class A ordinary shares, $0.0001 par value; 25,436,480 shares subject to possible redemption at $10.00 per share 254,364,800  
Shareholders' Equity:    
Ordinary shares 206
Class B Ordinary Shares [Member]    
Shareholders' Equity:    
Ordinary shares $ 690 [1] $ 690 [2],[3]
[1] This number includes up to 900,000 Class B ordinary shares subject to forfeiture if the over-allotment option is not exercised in full or in part by the underwriters. On March 2, 2021, the underwriters partially exercised the over-allotment option to purchase as additional 3,500,000 Units; thus, 25,000 Class B ordinary shares were forfeited.
[2] On February 25, 2021, the Company effected a share capitalization, resulting in an aggregate of 6,900,000 Class B ordinary shares outstanding. All shares and associated amounts have been retroactively restated to reflect the share capitalization (see Note 4).
[3] This number includes up to 900,000 Class B ordinary shares subject to forfeiture if the over-allotment option is not exercised in full or in part by the underwriter.