Annual report pursuant to Section 13 and 15(d)

Balance Sheets

v3.22.1
Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash $ 1,260,014 $ 0
Prepaid expenses 817,751 13,162
Total current assets 2,077,765 13,162
Investments held in Trust Account 495,948,830  
Deferred offering costs associated with initial public offering   111,335
Total Assets 498,026,595 124,497
Current liabilities:    
Accounts payable 21,714 52,989
Accrued expenses 70,000 58,385
Note payable – related party   4,053
Total current liabilities 91,714 115,427
Deferred underwriting commissions 17,356,818  
Derivative warrant liabilities 16,907,300  
Total liabilities 34,355,832 115,427
Commitments and Contingencies
Temporary Equity    
Class A ordinary shares subject to possible redemption; 49,590,908 and -0- shares at $10.00 per share at redemption value at December 31, 2021 and 2020, respectively 495,909,080  
Shareholders' Equity:    
Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued or outstanding at December 31, 2021 and 2020  
Additional paid-in capital   23,749
Accumulated deficit (32,239,557) (15,930)
Total shareholders' equity (deficit) (32,238,317) 9,070
Total Liabilities, Temporary Equity and Shareholders' Equity (Deficit) 498,026,595 124,497
Common Class B [Member]    
Shareholders' Equity:    
Common stock $ 1,240 $ 1,251