v3.22.2.2
Class A Common Stock Subject to Possible Redemption
6 Months Ended
Jun. 30, 2022
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 June 30, 2022 and December 31, 2021, there were 41,400,000 Class A common stock outstanding, which were all subject to possible redemption and are classified outside of permanent equity in the condensed balance sheets.
The Class A common stock subject to possible redemption reflected on the condensed 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 as of December 31, 2021
     414,000,000  
Increase in redemption value of Class A common stock subject to redemption
     70,397  
    
 
 
 
Class A common stock subject to possible redemption as of June 30, 2022
   $ 414,070,397