Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheet

Condensed Balance Sheet
Mar. 31, 2021
USD ($)
Current assets:  
Cash $ 804,139
Prepaid expenses 1,063,070
Total current assets 1,867,209
Investments held in Trust Account 275,000,000
Total Assets 276,867,209
Current liabilities:  
Accounts payable 32,960
Accounts payable - related party 9,677
Accrued expenses 89,767
Total current liabilities 132,404
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
Retained earnings 998,092
Total shareholders' equity 5,000,005
Total Liabilities and Shareholders' Equity 276,867,209
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]
[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.