Quarterly report pursuant to Section 13 or 15(d)

Initial Public Offering

v3.21.1
Initial Public Offering
3 Months Ended
Mar. 31, 2021
Stockholders' Equity Note [Abstract]  
Initial Public Offering
NOTE 4. INITIAL PUBLIC OFFERING
On March 11, 2021, the Company consummated its Initial Public Offering of 49,590,908 Units, including 6,090,908 Over-Allotment Units, at $10.00 per Unit, generating gross proceeds of approximately $495.9 million, and incurring offering costs of approximately $28.0 million, of which approximately $17.4 million was for deferred underwriting commissions.
Each Unit consists of one Class A ordinary share and
one-fifth
of one redeemable warrant (“Public Warrant”). Each whole Public Warrant will entitle the holder to purchase one Class A ordinary share at an exercise price of $11.50 per share, subject to adjustment (see Note
7
).