| Summary of reconciliation of company's financial statements |
| | | | Gross proceeds | | $ | 241,500,000 | Less: | | | | Proceeds allocated to Public Warrants | | | (11,109,000) | Class A ordinary shares issuance costs | | | (14,006,535) | Plus: | | | | Subsequent measurement of carrying value to redemption value | | | 25,216,158 | | | | | Class A ordinary shares subject to possible redemption | | $ | 241,600,623 |
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| Reconciliation of Net Loss per Common Share |
The following table reflects the calculation of basic and diluted net income (loss) per ordinary share (in dollars, except share amounts): | | | | | | | | | | | | | | | | | | | | | For the period from October 2, 2020 | | | Year Ended | | (inception) through | | | December 31, 2021 | | December 31, 2020 | | | Class A | | Class B | | Class A | | Class B | Basic net income (loss) per ordinary share | | | | | | | | | | | | | Numerator: | | | | | | | | | | | | | Allocation of net income (loss), as adjusted | | $ | 2,551,089 | | $ | 760,550 | | $ | — | | $ | (4,891) | Denominator: | | | | | | | | | | | | | Basic weighted average shares outstanding | | | 22,098,904 | | | 6,588,288 | | | — | | | 5,250,000 | Basic net income (loss) per ordinary share | | $ | 0.12 | | $ | 0.12 | | $ | — | | $ | 0.00 |
| | | | | | | | | | | | | | | | | | | | | For the period from October 2, 2020 | | | Year Ended | | (inception) through | | | December 31, 2021 | | December 31, 2020 | | | Class A | | Class B | | Class A | | Class B | Diluted net income (loss) per ordinary share | | | | | | | | | | | | | Numerator: | | | | | | | | | | | | | Allocation of net income (loss), as adjusted | | $ | 2,545,155 | | $ | 766,484 | | $ | — | | $ | (4,891) | Denominator: | | | | | | | | | | | | | Diluted weighted average shares outstanding | | | 22,098,904 | | | 6,655,171 | | | — | | | 5,250,000 | Diluted net income (loss) per ordinary share | | $ | 0.12 | | $ | 0.12 | | $ | — | | $ | 0.00 |
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