Annual report pursuant to Section 13 and 15(d)

STATEMENT OF CHANGES IN SHAREHOLDERS DEFICIT

v3.22.1
STATEMENT OF CHANGES IN SHAREHOLDERS DEFICIT - 11 months ended Dec. 31, 2021 - USD ($)
Class B Ordinary Shares [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Total
Balance at February 16, 2021 (Inception) at Feb. 15, 2021
Beginning, balance shares at Feb. 15, 2021      
Issuance of Class B ordinary shares to Sponsor [1] $ 503 24,497 25,000
Issuance of Class B ordinary shares to Sponsor(1), Shares 5,031,250      
Share-based compensation 461,945 461,945
Excess of cash received over fair value of private placement warrants 179,971 179,971
Excess fair value of Founder Shares transferred to Anchor Investors 18,958,165 18,958,165
Re-measurement of Class A ordinary shares to redemption amount (19,624,578) (21,748,874) (41,373,452)
Forfeiture of Class B ordinary shares upon exercise of over-allotment option [1] $ (3) 3
Forfeiture of Class B ordinary shares upon exercise of over-allotment option, shares (32,439)      
Net income 5,875,399 5,875,399
Ending balance, value at Dec. 31, 2021 $ 500 $ (15,873,472) $ (15,872,972)
Ending balance, shares at Dec. 31, 2021 4,998,811      
[1] Includes up to 656,250 Class B ordinary shares subject to repurchase by the Company if the over-allotment option is not exercised in full or in part by the underwriter. The underwriters partially exercised their over-allotment option on November 16, 2021. As a result of the underwriters’ partial exercise of the over-allotment option, the Company repurchased and cancelled 32,439 Founders Shares. No other Founder Shares remain subject to forfeiture.