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Condensed Balance Sheets - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash $ 1,088,980 $ 1,503,768
Prepaid expenses – current 164,233 204,821
Total current assets 1,253,213 1,708,589
Prepaid expenses – non-current portion 33,050
Investment held in Trust Account 345,055,667 345,052,047
Total assets 346,308,880 346,793,686
Current liabilities:    
Accounts payable and accrued expenses 1,645,328 272,953
Due to related party 125,043 95,000
Total current liabilities 1,770,371 367,953
Warrant liabilities 16,795,333 21,153,666
Deferred legal fees 10,298,295 8,186,101
Forward purchase agreement liabilities 10,656,000 13,320,000
Working Capital Promissory Note – related party 1,500,000 1,500,000
Deferred underwriters’ discount 12,075,000 12,075,000
Total liabilities 53,094,999 56,602,720
Commitments & Contingencies (Note 6)
Class A ordinary shares subject to possible redemption, 34,500,000 shares at redemption value of $10.00 at March 31, 2022 and December 31, 2021 345,000,000 345,000,000
Shareholders’ deficit:    
Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued and outstanding
Class A ordinary shares, $0.0001 par value; 500,000,000 shares authorized; no shares issued and outstanding (excluding 34,500,000 and no shares subject to redemption) at March 31, 2022 and December 31, 2021
Class B ordinary shares, $0.0001 par value; 50,000,000 shares authorized; 8,625,000 issued and outstanding at March 31, 2022 and December 31, 2021 863 863
Additional paid-in capital
Accumulated deficit (51,786,982) (54,809,897)
Total shareholders’ deficit (51,786,119) (54,809,034)
Total liabilities, Class A ordinary shares subject to possible redemption and shareholders’ deficit $ 346,308,880 $ 346,793,686