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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Q1) (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2022
Dec. 31, 2021
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]    
Reconciled Class A Ordinary Shares Subject to Possible Redemption

At March 31, 2022 and December 31, 2021, the Class A ordinary shares reflected in the condensed balance sheets are reconciled in the following table:
Gross proceeds
$278,760,000
Less:
 
Proceeds allocated to Public Warrants
(15,897,248)
Class A ordinary shares issuance costs
(17,568,199)
Add:
 
Accretion of carrying value to redemption value
33,465,447
Class A ordinary shares subject to possible redemption at December 31, 2020
278,760,000
Plus:
 
Accretion of carrying value to redemption value
5,520,000
Class A ordinary shares subject to possible redemption at December 31, 2021 and March 31, 2022
$284,280,000

At December 31, 2021 and 2020, the Class A ordinary shares subject to possible redemption reflected in the balance sheets are reconciled in the following table:
Gross proceeds
$278,760,000
Less:
 
Proceeds allocated to Public Warrants
$(15,897,248)
Class A ordinary shares issuance costs
$(17,568,199)
Plus:
 
Accretion of carrying value to redemption value
$33,465,447
Class A ordinary shares subject to possible redemption at December 31, 2020
$278,760,000
Plus:
 
Accretion of carrying value to redemption value
$5,520,000
Class A ordinary shares subject to possible redemption at December 31, 2021
$284,280,000
Basic and Diluted Net Income (Loss) Per Ordinary Share The following table reflects the calculation of basic and diluted net income per ordinary share:
 
Three Months Ended March 31,
 
2022
2021
 
Class A
Class B
Class A
Class B
Basic and diluted net income per ordinary share
 
 
 
 
Numerator:
 
 
 
 
Allocation of net income
$6,407,466
$1,601,867
$4,457,701
$1,114,425
Denominator:
 
 
 
 
Basic and diluted weighted average shares outstanding
27,600,000
6,900,000
27,600,000
6,900,000
Basic and diluted net income per ordinary share
$0.23
$0.23
$0.16
$0.16
The following table reflects the calculation of basic and diluted net income (loss) per ordinary share:
 
Year Ended
December 31,
2021
Period from July 27,
2020 (inception) to
December 31,
2020
 
Class A
Class B
Class A
Class B
Basic and diluted net income per ordinary share
 
 
 
 
Numerator:
 
 
 
 
Allocation of net income, as adjusted
$18,555,924
$4,638,981
$(17,023,763)
$(3,827,660)
Denominator:
 
 
 
 
Basic and diluted weighted average shares outstanding
27,600,000
6,900,000
21,660,759
4,870,253
Basic and diluted net income per ordinary share
$0.67
$0.67
$(0.79)
$(0.79)