Restatement Of Previously Issued Financial Statements | NOTE 2 — RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS In connection with the preparation of the Company’s financial statements as of September 30, 2021, management determined it should restate its previously reported financial statements. During the quarter ended September 30, 2021, the Company determined that at the closing of the Company’s Initial Public Offering (including the sale of the shares issued pursuant to the exercise of the underwriters’ overallotment) it had improperly classified its Class A ordinary shares subject to possible redemption at the closing of the Company’s Initial Public Offering and the closing of the sale of shares pursuant to the exercise of the underwriters’ overallotment. The Company previously determined the Class A ordinary shares subject to possible redemption to be equal to the redemption value of paid-in In connection with the change in presentation for the Class A ordinary shares subject to redemption, the Company also revised its earnings per share calculation to allocate net income (loss) pro rata to Class A and Class B ordinary shares. This presentation contemplates a Business Combination as the most likely outcome, in which case, both classes of ordinary shares share pro rata in the income (loss) of the Company. In accordance with SEC Staff Accounting Bulletin No. 99, “Materiality,” and SEC Staff Accounting Bulletin No. 108, “Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements,” the Company evaluated the corrections and has determined that the related impact was material to the previously filed financial statements that contained the error, reported in the Company’s Form 10-Q 10-Q There has been no change in the Company’s total assets, liabilities or operating results. The impact of the restatement on the Company’s previously issued financial statements is reflected in the following tables. As Previously Restatement As Restated Balance Sheet as of March 31, 2021 (unaudited) Class A ordinary shares, $0.0001 par value; shares subject to possible $ 369,658,200 $ 44,341,800 $ 414,000,000 Shareholders’ equity (deficit) Class A ordinary shares—$0.0001 par value 443 (443 ) — Class B ordinary shares—$0.0001 par value 1,235 — 1,235 Additional paid-in-capital — — — Accumulated deficit 4,998,331 (44,341,357 ) (39,343,026 ) Total shareholders’ equity (deficit) $ 5,000,009 $ (44,341,800 ) $ (39,341,791 ) Number of shares subject to redemption 36,965,820 4,434,180 41,400,000 As Previously Reported Restatement Adjustment As Restated Statement of Operations For the three months ended March 31, 2021 (unaudited) Basic and diluted weighted average shares outstanding, Class A redeemable ordinary shares 41,400,000 (11,960,000 ) 29,440,000 Basic and diluted weighted average shares outstanding, Class B non-redeemable ordinary shares 11,960,000 — 11,960,000 Basic and diluted net income (loss) per share, Class A redeemable ordinary shares — (0.04 ) (0.04 ) Basic and diluted net income (loss) per share, Class B non-redeemable ordinary shares 1.54 (1.58 ) (0.04 ) As Previously Reported Restatement Adjustment As Restated Statement of Cash Flows For the three months ended March 31, 2021 (unaudited) Initial classification of Class A redeemable ordinary shares 337,272,220 (337,272,220 Change in value of Class A redeemable ordinary shares 32,385,980 (32,385,980 ) — As Previously Reported Restatement Adjustment As Restated Balance Sheet as of June 30, 2021 (unaudited) Class A ordinary shares, $0.0001 par value; shares subject to possible redemption $ 363,339,050 $ 50,660,950 $ 414,000,000 Shareholders’ equity (deficit) Class A ordinary shares—$0.0001 par value 506 (506 ) — Class B ordinary shares—$0.0001 par value 1,235 — 1,235 Additional paid-in-capital 6,319,087 (6,319,087 ) — Accumulated deficit (1,320,818 ) (44,341,357 ) (45,662,175 ) Total shareholders’ equity (deficit) $ 5,000,010 $ (50,660,950 ) $ (45,660,940 ) Number of shares subject to redemption 36,333,905 5,066,095 41,400,000 As Previously Reported Restatement Adjustment As Restated Statements of Operations for the three and six months ended June 30, 2021 (unaudited) Three months ended June 30, 2021 Basic and diluted weighted average shares outstanding, Class A redeemable ordinary shares 41,400,000 — 41,400,000 Basic and diluted weighted average shares outstanding, Class B non-redeemable ordinary shares 12,350,000 — 12,350,000 Basic and diluted net income (loss) per share, Class A redeemable ordinary shares — (0.12 ) (0.12 ) Basic and diluted net income (loss) per share, Class B non-redeemable ordinary shares (0.51 ) 0.39 (0.12 ) Six months ended June 30, 2021 Basic and diluted weighted average shares outstanding, Class A redeemable ordinary shares 41,400,000 (5,946,961 ) 35,453,039 Basic and diluted weighted average shares outstanding, Class B non-redeemable ordinary shares 12,156,077 — 12,156,077 Basic and diluted net income per share, Class A redeemable ordinary shares — 0.25 0.25 Basic and diluted net income per share, Class B non-redeemable ordinary shares 1.00 (0.75 ) 0.25 As Previously Reported Restatement Adjustment As Restated Statement of Cash Flows For the six months ended June 30, 2021 (unaudited) Initial classification of Class A redeemable 337,272,220 (337,272,220 — Change in value of Class A redeemable 26,066,830 (26,066,830 ) — |