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. Holder of the Company’s Class A ordinary shares are entitled to one vote for each share. As of September 30, 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 condensed balance sheet.

The Class A ordinary shares subject to possible redemption reflected on the condensed balance sheet is reconciled on the following table:

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		$	345,000,000