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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
8 Months Ended
Sep. 30, 2021
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Summary of reconciliation of Class A common stock reflected on the balance sheet

Gross proceeds

    

$

230,000,000

Less:

 

  

Proceeds allocated to Public Warrants

 

(9,813,334)

Issuance costs allocated to Class A ordinary shares

 

(12,744,493)

Plus:

 

  

Accretion of carrying value to redemption value

 

28,307,827

Class A ordinary shares subject to possible redemption

$

235,750,000

Summary of calculation of basic and diluted net income per common share

For the Period from

Three Months Ended

February 5, 2021 (Inception) Through

September 30, 2021

September 30, 2021

    

Class A

    

Class B

    

Class A

    

Class B

Basic and diluted net loss per share:

 

  

 

  

Numerator:

 

  

 

  

Net loss

$

(118,394)

$

(52,185)

$

(86,633)

$

(93,917)

Denominator:

 

  

 

  

Weighted average shares outstanding, basic and diluted

 

12,250,000

5,399,457

 

4,755,274

5,155,063

Basic and diluted net loss per ordinary share

$

(0.01)

$

(0.01)

$

(0.02)

$

(0.02)