Registration of securities issued in business combination transactions

Condensed Statements of Operations

v3.21.2
Condensed Statements of Operations - USD ($)
 3 Months Ended
Jan. 18, 2021
Mar. 31, 2021
Operating expenses    
General and administrative expenses $ 10,484 $ 124,942
Administrative fee - related party   9,677
Loss from operations   (134,619)
Change in fair value of warrant liabilities   1,408,333
Offering costs associated with issuance of warrants   (275,622)
Net income (loss) $ (10,484) $ 998,092
Weighted average shares outstanding, basic and diluted [1],[2] 6,000,000  
Basic and diluted net income per share $ 0.00  
Class A Ordinary Shares [Member]    
Operating expenses    
Weighted average shares outstanding, basic and diluted   27,500,000
Basic and diluted net income per share   $ 0.00
Class B Ordinary Shares [Member]    
Operating expenses    
Weighted average shares outstanding, basic and diluted   6,316,265
Basic and diluted net income per share   $ 0.16
[1] 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).
[2] This number excludes an aggregate of 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.