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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
9 Months Ended
Sep. 30, 2022
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Summary of reconciliation of common stock subject to possible redemption

At September 30, 2022 and December 31, 2021, the Class A common stock reflected in the condensed consolidated balance sheets are reconciled in the following table:

Gross proceeds

    

$

334,215,700

Less:

 

Proceeds allocated to Public Warrants

(12,700,197)

Common stock issuance costs

(18,132,174)

Plus:

 

  

Accretion of carrying value to redemption value

30,832,371

Class A Common stock subject to possible redemption, December 31, 2021

334,215,700

Plus:

Accretion of carrying value to redemption value

Class A Common stock subject to possible redemption, March 31, 2022

334,215,700

Plus:

Accretion of carrying value to redemption value

440,203

Class A Common stock subject to possible redemption, June 30, 2022

334,655,903

Less:

Redemption of Class A common stock on September 7, 2022

(302,873,885)

Plus:

Accretion of carrying value to redemption value

1,110,667

Class A Common stock subject to possible redemption, September 30, 2022

$

32,892,685

Summary of calculation of basic and diluted net income (loss) per common share

Three Months Ended

Nine Months Ended

September 30, 

September 30, 

September 30, 

September 30, 

    

2022

2021

    

2022

    

2021

    

Class A

    

Class B

    

Class A

    

Class B

    

Class A

    

Class B

    

Class A

    

Class B

Numerator:

 

  

Allocation of net income

$

333,860

$

105,144

$

15,974,063

$

3,993,516

$

9,027,332

$

2,425,352

$

13,635,696

$

3,408,924

Denominator:

 

  

Basic and diluted weighted average ordinary share outstanding

 

26,530,664

8,355,393

33,421,570

8,355,393

31,099,360

8,355,393

33,421,570

8,355,393

Basic and diluted net income per ordinary share

$

0.01

$

0.01

$

0.48

$

0.48

$

0.29

$

0.29

$

0.41

$

0.41