SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 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 at 12/31/21		690,000,000
Plus:
Accretion of carrying value to redemption value		1,055,412
Class A common stock subject to possible redemption at 06/30/22	$	691,055,412

Basic and Diluted Net Income (Loss) per Share of Common Stock

	Three Months Ended
	June 30,
	2022				2021
	Class A		Class B		Class A		Class B
Basic and diluted net income per common stock
Numerator:
Allocation of net income, as adjusted	$	6,686,704	$	1,671,676	$	2,894,250	$	723,562
Denominator:
Basic and diluted weighted average stock outstanding		69,000,000		17,250,000		69,000,000		17,250,000
Basic and diluted net income per common stock	$	0.10	$	0.10	$	0.04	$	0.04

	Six Months Ended
	June 30,
	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	$	10,112,226	$	2,528,057	$	(6,421,315)	$	(1,605,329)
Denominator:
Basic and diluted weighted average stock outstanding		69,000,000		17,250,000		64,950,000		16,237,500
Basic and diluted net income (loss) per common stock	$	0.15	$	0.15	$	(0.10)	$	(0.10)