| | Per Unit | | | Total | |
Per Unit | | | $10.00 | | | $115,000,000 |
Underwriting Discounts and Commissions(1)(2) | | | $0.55 | | | $6,325,000 |
Proceeds, before expenses, to us | | | $9.45 | | | $108,675,000 |
(1) | Includes $0.35 per unit, or $4,025,000 (or up to $4,628,750 if the underwriter’s option to purchase additional units is exercised in full) in the aggregate, payable to the underwriter for deferred underwriting commissions to be placed in a trust account located in the United States as described herein. The deferred commissions will be released to the underwriter only on completion of an initial business combination, in an amount equal to $0.35 multiplied by the number of shares of Class A common stock sold as part of the units in this offering, as described in this prospectus. Does not include certain fees and expenses payable to the underwriter in connection with this offering. See also “Underwriting” for a description of compensation and other items of value payable to the underwriter. |
(2) | The underwriter will not receive any underwriting discounts or commissions on units purchased by Millais Limited, the indirect majority owner of our sponsor. |