Registration of securities issued in business combination transactions

Condensed Statement of Changes in Shareholders' Equity

v3.21.2
Condensed Statement of Changes in Shareholders' Equity - USD ($)
Total
Additional Paid-in Capital
Retained Earnings
Class A Ordinary Shares [Member]
Common Stock
Class B Ordinary Shares [Member]
Common Stock
Beginning Balance at Jan. 07, 2021 $ 0 $ 0 $ 0 $ 0 $ 0
Beginning Balance (Shares) at Jan. 07, 2021       0 0
Issuance of Class B ordinary shares to Sponsor [1],[2] 25,000 24,310     $ 690
Issuance of Class B ordinary shares to Sponsor (Shares) [1],[2]         6,900,000
Net income (loss) (10,484)   (10,484)    
Ending Balance at Jan. 18, 2021 14,516 24,310 (10,484) $ 0 $ 690
Ending Balance (Shares) at Jan. 18, 2021       0 6,900,000
Beginning Balance at Jan. 07, 2021 0 0 0 $ 0 $ 0
Beginning Balance (Shares) at Jan. 07, 2021       0 0
Issuance of Class B ordinary shares to Sponsor [3] 25,000 24,310     $ 690
Issuance of Class B ordinary shares to Sponsor (Shares) [3]         6,900,000
Sale of units in initial public offering, less fair value of warrant liabilities for public warrants 270,380,000 270,377,250   $ 2,750  
Sale of units in initial public offering, less fair value of warrant liabilities for public warrants (Shares)       27,500,000  
Offering costs (15,504,954) (15,504,954)      
Excess cash received over the fair value of the private warrants 3,466,667 3,466,667      
Class A ordinary shares subject to possible redemption (254,364,800) (254,362,256)   $ (2,544)  
Class A ordinary shares subject to possible redemption (Shares)       (25,436,480)  
Net income (loss) 998,092   998,092    
Ending Balance at Mar. 31, 2021 $ 5,000,005 $ 4,001,017 $ 998,092 $ 206 $ 690
Ending Balance (Shares) at Mar. 31, 2021       2,063,520 6,900,000
[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 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.
[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 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.