SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 31, 2022

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Class A Common Stock Subject to Possible Redemption

Gross proceeds	$	690,000,000
Less:
Proceeds allocated to Public Warrants		(19,182,000)
Class A common stock issuance costs		(34,565,259)
Plus:
Accretion of carrying value to redemption value		53,747,259
Class A common stock subject to possible redemption	$	690,000,000

Basic and Diluted Net Income (Loss) per Common Stock

	Three Months Ended
	March 31,
	2022				2021
	Class A		Class B		Class A		Class B
Basic and diluted net income (loss) per common stock
Numerator:
Allocation of net income (loss), as adjusted	$	3,425,522	$	856,381	$	(9,315,565)	$	(2,328,891)
Denominator:
Basic and diluted weighted average stock outstanding		69,000,000		17,250,000		60,800,000		15,200,000
Basic and diluted net income (loss) per common stock	$	0.05	$	0.05	$	(0.15)	$	(0.15)