v3.22.1
Class A Common Stock Subject to Possible Redemption
12 Months Ended
Dec. 31, 2021
Temporary Equity Disclosure [Abstract]  
Class A Common Stock Subject to Possible Redemption
NOTE 7 - Class A Common Stock Subject to Possible Redemption
The Company’s Class A common stock feature certain redemption rights that are considered to be outside of the Company’s control and subject to the occurrence of future events. The Company is authorized to issue 380,000,000 Class A common stock with a par value of $0.0001 per share. Holders of the Company’s Class A common stock are entitled to one vote for each share. As of December 31, 2021 and 2020, there were 42,014,000 shares of Class A common stock issued and outstanding, of which 41,400,000 shares of Class A common stock subject to possible redemption and are classified outside of permanent equity in the balance sheets.
The Class A common stock subject to possible redemption reflected on the balance sheets is reconciled on the following table:
 
Gross proceeds from Initial Public Offering
   $ 414,000,000  
Less:
        
Fair value of Public Warrants at issuance
     (13,558,500
)
 
Offering costs allocated to Class A common stock subject to possible redemption
     (4,588,064
)

Plus:
        
Accretion on Class A common stock subject to possible redemption value
     18,146,564  
    
 
 
 
Class A common stock subject to possible redemption
   $ 414,000,000