Restatement of Previously Reported Financial Statements | Note 2—Restatement of Previously Reported Financial Statements In the Company’s unaudited condensed financial statements as of and for quarterly period ended September 30, 2021, as filed with the SEC on November 12, 2021, the Company concluded it should restate its previously reported financial statements to classify all Class A ordinary shares subject to possible redemption in temporary equity. In accordance, ASC 480-10-S99, redemption In accordance with SEC Staff Accounting Bulletin No. 99, “Materiality,” and SEC Staff Accounting Bulletin No. 108, “Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements,” the Company evaluated the corrections and has determined that the related impact was material to the previously filed financial statements that contained the error, reported in the Company’s Form 10-Qs for The impact of the restatement on the financial statements for the Affected Quarterly Periods is presented below. There is no impact to the reported amounts for total assets, total liabilities, cash flows, and net income (loss). The tables below present the effect of the financial statement adjustments related to the restatement discussed above of the Company’s previously reported unaudited condensed: balance sheet as of March 31, 2021, statement of operations and statement of cash flows for the quarter ended March 31, 2021: As of March 31, 2021 As Previously Reported Adjustment As Restated Unaudited Condensed Balance Sheet Total assets $ 376,536,954 — $ 376,536,954 Total liabilities $ 25,352,208 — $ 25,352,208 Class A ordinary shares subject to possible redemption 346,184,740 28,815,260 375,000,000 Shareholders’ equity (deficit) Preference shares — — — Class A ordinary shares 288 (288 ) — Class B ordinary shares 937 — 937 Additional paid-in-capital 5,361,604 (5,361,604 ) — Accumulated deficit (362,823 ) (23,453,368 ) (23,816,191 ) Total shareholders’ equity (deficit) 5,000,006 (28,815,260 ) (23,815,254 ) Total liabilities, Class A ordinary shares subject to possible redemption and shareholders’ equity (deficit) $ 376,536,954 $ — $ 376,536,954 The Company’s unaudited condensed statement of shareholders’ equity (deficit) has been restated to reflect the changes to the impacted shareholders’ equity (deficit) accounts described above. For the Three Months Ended March 31, 2021 As Previously Reported Adjustment As Restated Unaudited Condensed Statement of Operations Net loss $ (328,945 ) $ — $ (328,945 ) Weighted average shares outstanding of Class A ordinary shares, basic and diluted 37,500,000 (4,583,333 ) 32,916,667 Basic and diluted net income per Class A ordinary share $ 0.00 $ (0.01 ) $ (0.01 ) Weighted average shares outstanding of Class B ordinary shares, basic and diluted 9,298,611 — 9,298,611 Basic and diluted net income per Class B ordinary share $ (0.04 ) $ 0.03 $ (0.01 ) For the Three Months Ended March 31, 2021 As Previously Reported Adjustment As Restated Unaudited Condensed Statement of Cash Flows—Supplemental disclosure of noncash activities: Initial value of Class A ordinary shares subject to possible redemption $ 346,074,800 $ (346,074,800 ) $ — Change in fair value of Class A ordinary shares subject to possible redemption $ 109,940 $ (109,940 ) $ — The tables below present the effect of the financial statement adjustments related to the restatement discussed above of the Company’s previously reported unaudited condensed: balance sheet as of June 30, 2021, statements of operations for the three and six months ended June 30, 2021 and statement of cash flows for the six months ended June 30, 2021: As of June 30, 2021 As Previously Reported Adjustment As Restated Unaudited Condensed Balance Sheet Total assets $ 376,322,657 — $ 376,322,657 Total liabilities $ 28,886,247 — $ 28,886,247 Class A ordinary shares subject to possible redemption 342,436,400 32,563,600 375,000,000 Shareholders’ equity (deficit) Preference shares — — — Class A ordinary shares 326 (326 ) — Class B ordinary shares 937 — 937 Additional paid-in-capital 9,109,906 (9,109,906 ) — Accumulated deficit (4,111,159 ) (23,453,368 ) (27,564,527 ) Total shareholders’ equity (deficit) 5,000,010 (32,563,600 ) (27,563,590 ) Total liabilities, Class A ordinary shares subject to possible redemption and shareholders’ equity (deficit) $ 376,322,657 $ — $ 376,322,657 The Company’s unaudited condensed statement of shareholders’ equity (deficit) has been restated to reflect the changes to the impacted shareholders’ equity (deficit) accounts described above. For the Three Months Ended June 30, 2021 As Previously Reported Adjustment As Restated Unaudited Condensed Statement of Operations Net loss $ (3,748,336 ) $ — $ (3,748,336 ) Weighted average shares outstanding of Class A ordinary shares, basic and diluted 37,500,000 — 37,500,000 Basic and diluted net income (loss) per Class A ordinary share $ 0.00 $ (0.08 ) $ (0.08 ) Weighted average shares outstanding of Class B ordinary shares, basic and diluted 9,375,000 — 9,375,000 Basic and diluted net loss per Class B ordinary share $ (0.40 ) $ 0.32 $ (0.08 ) For the Six Months Ended June 30, 2021 As Previously Reported Adjustment As Restated Unaudited Condensed Statement of Operations Net loss $ (4,077,281 ) $ — $ (4,077,281 ) Weighted average shares outstanding of Class A ordinary shares, basic and diluted 37,500,000 (2,279,006 ) 35,220,994 Basic and diluted net income per Class A ordinary share $ 0.00 $ (0.09 ) $ (0.09 ) Weighted average shares outstanding of Class B ordinary shares, basic and diluted 9,337,017 — 9,337,017 Basic and diluted net income per Class B ordinary share $ (0.44 ) $ 0.35 $ (0.09 ) For the Six Months Ended June 30, 2021 As Previously Reported Adjustment As Unaudited Condensed Statement of Cash Flows—Supplemental disclosure of noncash activities: Initial value of Class A ordinary shares subject to possible redemption $ 346,074,800 $ (346,074,800 ) $ — Change in fair value of Class A ordinary shares subject to possible redemption $ (3,638,400 ) $ 3,638,400 $ — |