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Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2021

Accounting Policies [Abstract]

Schedule of the impact of the revision to the Post-IPO balance sheet

The change in the carrying value of the redeemable Class A common stock in the Post-IPO Balance Sheet resulted in a reclassification of approximately 1.6 million shares of Class A common stock from permanent equity to temporary equity. The impact of the revision to the Post-IPO Balance Sheet is as follows:

As of March 9, 2021		As Reported				Adjustment				As Restated
Total assets		$	347,538,706							$	347,538,706
Total liabilities		$	13,294,983							$	13,294,983
Class A common stock subject to possible redemption			329,243,720				15,756,280				345,000,000
Preferred stock			—				—				—
Class A common stock			158				(158	)			—
Class B common stock			863				—				863
Additional paid-in capital			5,037,145				(5,037,145	)			—
Accumulated deficit			(38,163	)			(10,718,977	)			(10,757,140	)
Total stockholders’ equity (deficit)		$	5,000,003			$	(15,756,280	)		$	(10,756,277	)
Total Liabilities, Class A Common Stock Subject to Possible
Redemption and Stockholders’ Equity (Deficit)		$	347,538,706			$	—			$	347,538,706

Schedule of effect of the financial statement adjustments related to the restatement of balance sheet

The change in the carrying value of the redeemable Class A common stock at March 31, 2021 resulted in a reclassification of approximately 5.1 million shares of Class A common stock from permanent equity to temporary equity. The table below presents the effect of the financial statement adjustments related to the restatement discussed above of the Company’s previously reported unaudited balance sheet as of March 31, 2021:

As of March 31, 2021 (unaudited)		As Reported				Adjustment				As Restated
Total assets		$	346,518,868							$	346,518,868
Total liabilities		$	47,189,952							$	47,189,952
Class A common stock subject to possible redemption			294,328,910				50,671,090				345,000,000
Preferred stock			—				—				—
Class A common stock			507				(507	)			—
Class B common stock			863				—				863
Additional paid-in capital			19,549,351				(19,549,351	)			—
Accumulated deficit			(14,550,715	)			(31,121,232	)			(45,671,947	)
Total stockholders’ equity (deficit)		$	5,000,006			$	(50,671,090	)		$	(45,671,084	)
Total Liabilities, Class A Common Stock Subject to Possible Redemption and Stockholders’ Equity (Deficit)		$	346,518,868			$	—			$	346,518,868

The change in the carrying value of the redeemable Class A common stock at June 30, 2021 resulted in a reclassification of approximately 5.1 million shares of Class A common stock from permanent equity to temporary equity. The table below presents the effect of the financial statement adjustments related to the restatement discussed above of the Company’s previously reported unaudited balance sheet as of June 30, 2021:

As of June 30, 2021 (unaudited)		As Reported				Adjustment				As Restated
Total assets		$	345,880,864							$	345,880,864
Total liabilities		$	46,788,321							$	46,788,321
Class A common stock subject to possible redemption			294,092,540				50,907,460				345,000,000
Preferred stock			—				—				—
Class A common stock			509				(509	)			—
Class B common stock			863				—				863
Additional paid-in capital			19,785,719				(19,785,719	)			—
Accumulated deficit			(14,787,088	)			(31,121,232	)			(45,908,320	)
Total stockholders’ equity (deficit)		$	5,000,003			$	(50,907,460	)		$	(45,907,457	)
Total Liabilities, Class A Common Stock Subject to Possible Redemption and Stockholders’ Equity (Deficit)		$	345,880,864			$	—			$	345,880,864

Schedule of effect of the financial statement adjustments related to the restatement of cash flows

The table below presents the effect of the financial statement adjustments related to the restatement discussed above of the Company’s previously reported unaudited statement of cash flows for the three months ended March 31, 2021:

		For the three months ended March 31, 2021 (unaudited)
		As Reported				Adjustment				As Restated
Supplemental Disclosure of Noncash Financing Activities:
Value of Class A common stock subject to possible redemption		$	294,328,910			$	(294,328,910	)		$	—

The table below presents the effect of the financial statement adjustments related to the restatement discussed above of the Company’s previously reported unaudited statement of cash flows for the six months ended June 30, 2021:

		For the period six months ended June 30, 2021 (unaudited)
		As Reported		Adjustment				As Restated
Supplemental Disclosure of Noncash Financing Activities:
Value of Class A common stock subject to possible redemption		$294,092,540		$	(294,092,540	)		$	—

Schedule of the weighted average shares outstanding and basic and diluted earnings per common share

		Earnings Per Share for Class A common stock
		As Reported				Adjustment				As Adjusted
Form 10-Q (March 31, 2021)—For the three months ended March 31, 2021 (unaudited)
Net loss		$	(14,549,315	)		$	—			$	(14,549,315	)
Weighted average shares outstanding			7,787,500				—				7,787,500
Basic and diluted earnings per share		$	0.00			$	(0.88	)		$	(0.88	)
Form 10-Q (June 30, 2021)—For the three months ended June 30, 2021 (unaudited)
Net loss		$	(236,373	)		$	—			$	(236,373	)
Weighted average shares outstanding			34,500,000				—				34,500,000
Basic and diluted earnings per share		$	0.00			$	(0.01	)		$	(0.01	)
Form 10-Q (June 30, 2021)—For the six months ended June 30, 2021 (unaudited)
Net loss		$	(14,785,688	)		$	—			$	(14,785,688	)
Weighted average shares outstanding			34,500,000				(12,770,718	)			21,729,282
Basic and diluted earnings per share		$	0.00			$	(0.49	)		$	(0.49	)

		Earnings Per Share for Class B common stock
		As Reported				Adjustment				As Adjusted
Form 10-Q (March 31, 2021)—For the three months ended March 31, 2021 (unaudited)
Net loss		$	(14,549,315	)		$	—			$	(14,549,315	)
Weighted average shares outstanding			7,778,090				846,910				8,625,000
Basic and diluted earnings per share		$	(0.06	)		$	(0.82	)		$	(0.88	)
Form 10-Q (June 30, 2021)—For the three months ended June 30, 2021 (unaudited)
Net loss		$	(236,373	)		$	—			$	(236,373	)
Weighted average shares outstanding			8,625,000				—				8,625,000
Basic and diluted earnings per share		$	(0.03	)		$	0.02			$	(0.01	)
Form 10-Q (June 30, 2021)—For the six months ended June 30, 2021 (unaudited)
Net loss		$	(14,785,688	)		$	—			$	(14,785,688	)
Weighted average shares outstanding			8,208,564				—				8,208,564
Basic and diluted earnings per share		$	(1.80	)		$	1.31			$	(0.49	)

Schedule of earnings per share, basic and diluted

The following table presents a reconciliation of the numerator and denominator used to compute basic and diluted net income (loss) per share for each class of common stock:

		For the Three Months Ended September 30, 2021								For the Nine Months Ended September 30, 2021
		Class A				Class B				Class A				Class B
Basic and diluted net income (loss) per common share:
Numerator:
Allocation of net income (loss)		$	(5,308,662	)		$	(1,327,165	)		$	(16,219,758	)		$	(5,201,757	)
Denominator:
Basic and diluted weighted average common shares outstanding			34,500,000				8,625,000				26,032,967				8,348,901
Basic and diluted net income (loss) per common share		$	(0.15	)		$	(0.15	)		$	(0.62	)		$	(0.62	)

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