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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2021
Accounting Policies [Abstract]  
Summary of Reconciled of Class A Common Stock

At December 31, 2021 and December 31, 2020, the Class A common stock reflected in the condensed balance sheets is reconciled in the following table:

 

Gross Proceeds

 

$

345,000,000

 

Less:

 

 

 

 

Proceeds allocated to Public Warrants

 

 

(14,662,500

)

Proceeds allocated to FPA liability

 

 

(1,000,000

)

Class A common stock issuance costs

 

 

(18,978,817

)

Plus:

 

 

 

 

Remeasurement of carrying value to redemption value

 

 

34,641,317

 

Class A common stock subject to possible redemption

 

$

345,000,000

 

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

The following table reflects the calculation of basic and diluted net income (loss) per common share (in dollars, except per share amounts): 

 

 

 

For the

Year Ended

December 31,

2021

 

 

For the Period from May 22, 2020 (inception) through December 31,

2020

 

Net earnings (loss)

 

$

15,839,365

 

 

$

(10,795,459

)

Net earnings attributable to shareholders

 

$

15,839,365

 

 

$

(10,795,459

)

Redeemable Class A Common Stock

 

 

 

 

 

 

 

 

Numerator: Earnings (loss) allocable to Redeemable Class

   A Common Stock

 

$

12,671,492

 

 

$

(8,388,798

)

Denominator: Weighted Average Share Outstanding,

   Redeemable Class A Common Stock

 

 

 

 

 

 

 

 

Basic and diluted weighted average shares outstanding,

   Redeemable Class A

 

 

34,500,000

 

 

 

23,704,036

 

Basic and diluted net earnings per share, Redeemable

   Class A

 

$

0.37

 

 

$

(0.35

)

Non-Redeemable Class A and Class B Common Stock

 

 

 

 

 

 

 

 

Numerator: Earnings (loss) allocable to Non-Redeemable

   Class A and Class B Common Stock

 

$

3,167,873

 

 

$

(2,406,661

)

Denominator: Weighted Average Non-Redeemable

   Class A and Class B Common Stock

 

 

 

 

 

 

 

 

Basic and diluted weighted average shares outstanding,

   Non-Redeemable Class A and Class B

 

 

8,625,000

 

 

 

6,800,449

 

Basic and diluted net loss per share, Non-Redeemable

   Class A and Class B

 

$

0.37

 

 

$

(0.35

)