Note 6 - Class A Ordinary Shares Subject to Possible Redemption

The Company’s Class A ordinary shares feature certain redemption rights that are considered to be outside of the Company’s control and subject to the occurrence of future events. The Company is authorized to issue 100,000,000 Class A ordinary shares with a par value of $0.0001 per share. Holders of the Company’s Class A ordinary shares are entitled to one vote for each share. As of September 30, 2022 and December 31, 2021, there were 34,500,000 Class A ordinary shares outstanding, which were all subject to possible redemption and are classified outside of permanent equity in the balance sheet.

Gross proceeds		$	345,000,000
Less:
Fair value of Public Warrants at issuance			(17,250,000	)
Offering costs allocated to Class A ordinary shares subject to possible redemption			(18,910,850	)
Plus:
Accretion on Class A ordinary shares subject to possible redemption amount			36,160,850
Class A ordinary shares subject to possible redemption as of December 31, 2021			345,000,000
Increase in redemption value of Class A ordinary shares subject to possible redemption			94,152
Class A ordinary shares subject to possible redemption as of March 31, 2022			345,094,152
Increase in redemption value of Class A ordinary shares subject to possible redemption			515,152
Class A ordinary shares subject to possible redemption as of June 30, 2022			345,609,304
Increase in redemption value of Class A ordinary shares subject to possible redemption			1,949,467
Class A ordinary shares subject to possible redemption as of September 30, 2022		$	347,558,771