Lazard Growth Acquisition Corp I (LGAC) 10-Q 9 Aug 21 2021 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2021	Jul. 16, 2021
Document And Entity Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Entity Registrant Name	LAZARD GROWTH ACQUISITION CORP. I
Entity Central Index Key	0001836337
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	true
Entity File Number	001-40035
Entity Incorporation, State or Country Code	E9
Entity Tax Identification Number	98-1571783
Entity Address, Address Line One	30 Rockefeller Plaza
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10112
City Area Code	212
Local Phone Number	632-6000
Document Quarterly Report	true
Document Transition Report	false
Units, Each Consisting of One Class A Ordinary Share and One-fifth of One Redeemable Warrant
Document And Entity Information [Line Items]
Title of 12(b) Security	Units, each consisting of one Class A ordinary share and one-fifth of one redeemable warrant
Trading Symbol	LGACU
Security Exchange Name	NASDAQ
Class A Ordinary Shares, Par Value $0.0001 Per Share
Document And Entity Information [Line Items]
Title of 12(b) Security	Class A ordinary shares, par value $0.0001 per share
Trading Symbol	LGAC
Security Exchange Name	NASDAQ
Redeemable Warrants, Exercisable for One Class A Ordinary Share at Exercise Price of $11.50 Per Share
Document And Entity Information [Line Items]
Title of 12(b) Security	Redeemable warrants, exercisable for one Class A ordinary share at an exercise price of $11.50 per share
Trading Symbol	LGACW
Security Exchange Name	NASDAQ
Class A Ordinary Shares
Document And Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		57,500,000
Class B Ordinary Shares
Document And Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		14,375,000

Condensed Unaudited Balance She

Condensed Unaudited Balance Sheets - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Current assets:
Cash	$ 227,578	$ 25,000
Prepaid expenses	1,583,943
Total current assets	1,811,521	25,000
Other assets:
Cash held in Trust Account	575,011,856
Deferred offering costs		629,750
TOTAL ASSETS	576,823,377	654,750
Current liabilities:
Promissory note payable		86,750
Related party loans	1,300,000	0
Accrued offering and formation costs	70,000	550,000
Accrued expenses and payable to affiliate	102,568
Total current liabilities	1,472,568	636,750
Other liabilities:
Deferred underwriting commissions	20,125,000
Total liabilities	44,992,568	636,750
Commitments and contingencies
Shareholders' Equity
Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued and outstanding
Additional paid in capital	7,379,779	23,562
Accumulated deficit	(2,381,697)	(7,000)
Total shareholders' equity	5,000,002	18,000
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	576,823,377	654,750
Class A Ordinary Shares Subject to Possible Redemption
Temporary Equity
Class A ordinary shares subject to possible redemption; 52,683,081 and 0 shares, respectively, at $10.00 per share	526,830,807
Class A Ordinary Shares
Other liabilities:
Warrants exercisable for Class A ordinary shares, at fair value	23,395,000
Shareholders' Equity
Class A ordinary shares, $0.0001 par value; 500,000,000 shares authorized; 4,816,919 and 0 issued and outstanding, respectively	482
Total shareholders' equity	482
Class B Ordinary Shares
Shareholders' Equity
Class A ordinary shares, $0.0001 par value; 500,000,000 shares authorized; 4,816,919 and 0 issued and outstanding, respectively	1,438	1,438
Total shareholders' equity	$ 1,438	$ 1,438

Condensed Unaudited Balance S_2

Condensed Unaudited Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2021	Dec. 31, 2020
Preference shares, par value	$ 0.0001	$ 0.0001
Preference shares, shares authorized	5,000,000	5,000,000
Preference shares, shares issued	0	0
Preference shares, shares outstanding	0	0
Class A Ordinary Shares Subject to Possible Redemption
Temporary equity, shares outstanding	52,683,081	0
Temporary equity, redemption per share	$ 10	$ 10
Class A Ordinary Shares
Temporary equity, shares outstanding	52,683,081
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	4,816,919	0
Common stock, shares outstanding	4,816,919	0
Class B Ordinary Shares
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	14,375,000	14,375,000
Common stock, shares outstanding	14,375,000	14,375,000

Condensed Unaudited Statement o

Condensed Unaudited Statement of Operations - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2021
EXPENSES
General and administrative expenses	$ 594,014	$ 827,059
Total expenses	594,014	827,059
OTHER INCOME (EXPENSE)
Expensed offering costs	(971)	(714,494)
Change in fair value of warrant liability	(2,895,000)	(845,000)
Interest on trust account	11,856	11,856
Total other income (expenses)	(2,884,115)	(1,547,638)
NET INCOME	(3,478,129)	$ (2,374,697)
Class A Ordinary Shares
OTHER INCOME (EXPENSE)
Change in fair value of warrant liability	$ (2,895,000)
Weighted average number of shares:
Weighted average number of shares outstanding	53,035,211	40,734,875
Basic and diluted net income (loss) per share	$ 0	$ 0
Non-redeemable Ordinary Shares
Weighted average number of shares:
Weighted average number of shares outstanding	18,839,789	17,797,584
Basic and diluted net income (loss) per share	$ (0.19)	$ (0.13)

Condensed Unaudited Statement_2

Condensed Unaudited Statement of Cash Flows	6 Months Ended
	Jun. 30, 2021USD ($)
Cash Flows from Operating Activities:
Net Loss	$ (2,374,697)
Adjustments to reconcile net income to net cash used in operating activities:
Change in fair value of warrant liability	845,000
Expensed offering costs	714,494
Interest on trust account	(11,856)
(Increase) decrease in operating assets and increase (decrease) in operating liabilities
Prepaid expenses	(1,583,943)
Accrued expenses and payable to affiliates	102,568
Net Cash used in operating activities	(2,308,434)
Investing Activities:
Cash placed in trust	(575,000,000)
Cash used in investing activities	(575,000,000)
Financing Activities:
Proceeds from sale of Initial Public Offering Units	575,000,000
Proceeds from sale of Private Placement Warrants	13,500,000
Payment of underwriting discount	(11,500,000)
Payment of offering costs	(702,238)
Proceeds from promissory note payable	100,833
Payment of promissory note payable	(187,583)
Proceeds from related party loans	1,300,000
Net cash provided by financing activities	577,511,012
Net Change in Cash	202,578
Cash - Beginning of period	25,000
Cash - End of period	227,578
Non-cash investing and financing activities:
Deferred offering costs included in accrued offering and formation costs	70,000
Deferred underwriting commission	$ 20,125,000

Condensed Unaudited Statement_3

Condensed Unaudited Statement of Changes in Shareholders' Equity - USD ($)	Total	Class A Ordinary Shares	Class B Ordinary Shares	Additional Paid in Capital	Retained Earnings (Accumulated Deficit)
Beginning Balance at Dec. 31, 2020	$ 18,000		$ 1,438	$ 23,562	$ (7,000)
Beginning Balance, shares at Dec. 31, 2020		0	14,375,000
Class A ordinary shares issued, net of offering costs	530,630,677	$ 5,750		530,624,927
Class A ordinary shares issued, net of offering costs, shares		57,500,000
Proceeds of sale of Private Placement Warrants in excess of fair value	3,600,000			3,600,000
Net Income Loss	1,103,432				1,103,432
Change in Class A ordinary shares subject to possible redemption	(530,352,107)	$ (5,304)		(530,346,803)
Change in Class A ordinary shares subject to possible redemption, shares		(53,035,211)
Ending Balance at Mar. 31, 2021	5,000,002	$ 446	$ 1,438	3,901,686	1,096,432
Ending Balance, shares at Mar. 31, 2021		4,464,789	14,375,000
Beginning Balance at Dec. 31, 2020	18,000		$ 1,438	23,562	(7,000)
Beginning Balance, shares at Dec. 31, 2020		0	14,375,000
Net Income Loss	(2,374,697)
Ending Balance at Jun. 30, 2021	5,000,002	$ 482	$ 1,438	7,379,779	(2,381,697)
Ending Balance, shares at Jun. 30, 2021		4,816,919	14,375,000
Beginning Balance at Mar. 31, 2021	5,000,002	$ 446	$ 1,438	3,901,686	1,096,432
Beginning Balance, shares at Mar. 31, 2021		4,464,789	14,375,000
Offering costs on shares issued	(43,172)			(43,172)
Net Income Loss	(3,478,129)				(3,478,129)
Change in Class A ordinary shares subject to possible redemption	3,521,301	$ 36		3,521,265
Change in Class A ordinary shares subject to possible redemption, shares		352,130
Ending Balance at Jun. 30, 2021	$ 5,000,002	$ 482	$ 1,438	$ 7,379,779	$ (2,381,697)
Ending Balance, shares at Jun. 30, 2021		4,816,919	14,375,000

Organization and Plan of Busine

Organization and Plan of Business Operations	6 Months Ended
	Jun. 30, 2021
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Organization and Plan of Business Operations	Note 1 - Organization and Plan of Business Operations Lazard Growth Acquisition Corp. I “Company”) check company, incorporated Cayman , The was for the effecting combination one Combination”). sector As of June 30 2021, Company commenced operations. The Company’s business activities for the six months ended June 30, 2021, primarily related to completing its initial public offering (“Initial Public Offering”) and identifying and evaluating prospective acquisition targets for an initial Business Combination. Company will generate any operating revenues until after the completion Business Combination, the earliest. The Company w ill generate non-operating income form interest income from proceeds derived from the Initial Public Offering. Company has selected December fiscal year end. The registration statement for the Initial Public Offering became effective on February 9, 2021. On February 12, 2021, the Company consummated the Initial Public Offering of 57,500,000 units (the “Units”), including 7,500,000 Units sold upon exercise in full of the underwriter’s over-allotment option, at $10.00 per Unit, which is discussed in of 9,000,000 to closing of the . Substantially all Initial Public Offering sale Private Placement Warrants intended applied generally toward consummating Business Combination. stock exchange listing rules require that Business Combination must with or more operating businesses assets with fair market value equal least assets held the Trust Account defined below) (excluding amount deferred underwriting commissions taxes payable income earned Trust Account). Company will only complete Business Combination post-Business Combination company owns acquires more issued and outstanding voting securities the target otherwise acquires controlling interest the target business sufficient required register investment company under Investment Company Act 1940, (the Act”). will able t successfully effect Business Combination. Upon closing Initial Public Offering , the Company agreed that $10.00 Unit sold Initial Public Offering, including a portion of the proceeds the sale Private Placement , were placed trust account (“Trust Account”) invested U.S. government securities forth 2(a)(16) Investment with maturity days less, open-ended investment company that holds itself money fund solely U.S. under 2a-7 the Business Combination (ii) distribution funds Trust Account Company’s shareholders, described below The Company will provide holders public shares (the “Public Shareholders”) with opportunity redeem portion public shares upon (i) connection with general meeting called approve Business Combination (ii) means tender offer. decision whether will seek shareholder or be entitled redeem their public shares, equal aggregate amount then deposit Trust Account, calculated business days prior consummation Business Combination (initially payable), divided the number then issued and outstanding public shares, subject certain limitations. The per-share amount distributed the Public Shareholders properly redeem their shares will reduced deferred underwriting will underwriter discussed Note will redemption rights upon completion Business Combination with respect Company’s warrants. Class ordinary shares will recorded redemption value classified temporary equity upon completion 480 The Company will proceed with Business Combination only Company tangible assets at $5,000,001 seeks shareholder receives ordinary resolution under of shareholders who attend vote general meeting Company. shareholder vote not required and the Company does not decide hold shareholder vote for business other legal reasons, Company will, pursuant Amended Restated Memorandum Articles Association, conduct redemptions pursuant offer rules Securities (“SEC”), and file tender offer documents containing substantially same information would included proxy statement with prior completing seeks shareholder approval connection with Business Combination, the Sponsor and each of our officers and directors have agreed vote its Founder Shares (as defined Note public shares purchased during after Initial Public Offering favor of public shares, without voting, they vote, irrespective whether they vote for against proposed Business Combination. Notwithstanding the foregoing, the of the Combination and the redemptions pursuant the offer rules, Public Shareholder, any any The Sponsor and each of our officers and directors have agreed to waive their redemption rights with respect to any Founder Shares and public shares held by it in connection with (i) the completion of a Business Combination and (ii) a shareholder vote to approve an amendment to the Amended and Restated Memorandum and Articles of Association that (A) modify the substance or timing of the Company’s obligation to allow redemption of Class A ordinary shares in connection with the Company’s initial Business Combination or to redeem 100% of the public shares if the Company does not complete a Business Combination within the Combination Period (as defined below) or (B) with respect to any other provision relating to shareholders’ rights. Additionally, the Sponsor and each of our officers and directors have agreed to waive their rights to liquidating distributions from the Trust Account with respect to any Founder Shares they hold if the Company fails to consummate a Business Combination within the Combination Period. However, if the Sponsor or each of our officers and directors acquire such entitled liquidating Trust Company complete Business Combination Combination The Company will have until 24 months from the closing of the Initial Public Offering to consummate a Business Combination (or such extended time beyond 24 months as a result of a shareholder vote to amend its Amended and Restated Memorandum and Articles of Association) (the “Combination Period”). However, if the Company has not completed a Business Combination within Combination Period, Company will cease the purpose of winding promptly reasonably possible ten business thereafter, cash, equal the aggregate amount on deposit in Trust Account, including interest earned previously pay its any (less up to $100,000 of interest to pay dissolution expenses) divided the and extinguish the the the liquidating and the approval Company’s Board liquidate dissolve, the law for of creditors the requirements of other applicable law. There will be no redemption rights or liquidating distributions with respect to the Company’s warrants, which will expire worthless if the Company fails to complete a Business Combination within the Combination Period. The underwriter has agreed waive their rights their deferred underwriting commissions (see Note held the Trust Account the event the Company does not complete Business Combination within the Combination Period, and such event, such amounts will included with the other funds held the Trust Account that will available fund the redemption of the public shares. In the event of such redemption, possible that the per share value assets remaining available for distribution will less than Initial Public Offering price per Unit ($10.00). In order protect the amounts held the Trust Account, the Sponsor has agreed that will liable the Company and the extent any claims third party (other than the Company’s independent public accounting firm) for services rendered products sold the Company, prospective target business with which the Company has discussed entering into transaction agreement, reduce the amount funds Trust Account below lesser (i) $10.00 per public share (ii) actual amount per public share held the Trust Account the date the liquidation the Trust Account, less than $10.00 per public share, due reductions the value trust assets, each case net the interest that withdrawn taxes. This liability will apply claims third party or prospective target business executed waiver of any and all rights seek access the Trust Account and any claims under the Company’s indemnity underwriter Initial Public Offering against certain liabilities, including liabilities under the Securities Act . the event that executed waiver is deemed unenforceable against third party, the Sponsor will not responsible the extent any liability such third-party claims. Company will seek reduce possibility that Sponsor will have indemnify the Trust Account due claims of creditors by endeavoring have all vendors, service providers (other than the Company’s independent registered public accounting firm), prospective target businesses or other entities with which the Company does business, execute agreements with the Company waiving right, title, interest claim kind monies held Trust Account Risks and Uncertainties Management is currently evaluating the impact of the COVID-19 global pandemic on the industry and has concluded that while it is reasonably possible that the virus could have a negative effect on the Company’s financial position, results of its operations and/or search for a target company, the specific impact is not readily determinable as of the date of these financial statements. The financial statements do not include any adjustments Liquidity On March 26, 2021, the but is not the Company additional may

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Significant Accounting Policies	Note 2 - Significant Accounting Policies Basis of Presentation The Company’s unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and the rules and regulations of the SEC for interim financial information and the instructions to Form 10-Q. Certain disclosures included in the annual financial statements have been condensed or omitted from these financial statements as they are not required for interim financial statements under U.S. GAAP and the rules of the SEC. These unaudited condensed financial statements reflect all adjustments that are, in the opinion of management, necessary for a fair statement of the results for the interim period presented. These adjustments are of a normal, recurring nature. Interim period operating results may not be indicative of the operating results for a full year. The accompanying unaudited condensed financial statements should be read in conjunction with the Company’s audited financial statements included in the Company’s final prospectus for the Initial Public Offering filed with the SEC on February 11, 2021, as well as the Company’s annual audited financial statements included in the Company’s Annual Report on Form 10-K filed with the SEC on March 31, 2021. The interim results for the three and six months ended June 30, 2021 are not necessarily indicative of the results to be expected for the year ending December 31, 2021 or for any future interim periods. Emerging Growth Company The Company “emerging growth company,” defined Section 2(a) Securities Act, modified the Jumpstart Our Business Startups Act 2012 (the “JOBS Act”), and may take advantage certain exemptions from various reporting requirements that are applicable other public companies that are not emerging growth companies including, but not limited to, not being required comply with the auditor attestation requirements Section 404 the Sarbanes-Oxley Act 2002, reduced disclosure obligations regarding executive compensation its periodic reports and proxy statements, and exemptions Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies to comply with new revised financial accounting standards until private companies (that those that have not had Securities Act registration statement declared effective not have class securities registered under Exchange Act) required comply with revised financial accounting standards. The JOBS Act provides that company can elect opt out the extended transition period and comply with requirements that apply non-emerging growth companies but such election opt out irrevocable. Company has elected not opt out such extended transition period which means that when standard issued revised different application dates public private companies, Company, emerging growth company, adopt revised standard time private companies adopt revised standard. This make comparison Company’s financial statements with another public company which neither emerging growth company emerging growth company which has opted out using extended transition period difficult impossible because the potential differences accounting standards used. Use of Estimates The preparation financial statements conformity with U.S. GAAP requires management make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. Cash and Cash Held in Trust Account Cash and cash equivalents include cash on hand and on deposit at banking institutions as well as all highly liquid short-term investments with original maturities of ninety (90) days or less. As of June 30, 2021, the Company held deposits of $227,578 in a demand deposit account and held $575,011,856 in the Trust Account and are characterized as Level I investments within the fair value hierarchy under ASC 820. The cash held in the Trust Account is considered restricted. Deferred Offering Costs Deferred offering costs consist of legal, accounting and other expenses incurred through the balance sheet date that are directly related to the Initial Public Offering. These costs, together with the upfront underwriting discounts, the deferred underwriting commissions and the financial advisory fee in connection with the Initial Public Offering, were allocated between the Public Shares and the Public Warrants and charged to shareholders’ equity and operating expenses, respectively, upon the completion of the Initial Public Offering. Warrants Exercisable for Class A Ordinary Shares The Company accounts for the warrants issued in connection with the Initial Public Offering in accordance with ASC 480-10, “Accounting for Certain Financial Instruments with Characteristics of both Liabilities and Equity”, which provides that the Company classifies the warrant instrument as a liability at its fair value and adjusts the instrument to fair value at each reporting period. This liability is subject to re-measurement at each balance sheet date until exercised, in accordance with ASC Topic 815, and any change in fair value is recognized in the Company’s statement of operations. Income Taxes The Company accounts for income taxes under ASC 740, "Income Taxes". ASC 740 requires the recognition of deferred tax assets and liabilities for both the expected impact of differences between the financial statement and ASC Topic prescribes recognition threshold measurement attribute financial statement recognition measurement positions taken expected taken return. those benefits recognized, position must more likely than sustained upon examination taxing tax jurisdiction. Company recognizes accrued interest penalties related unrecognized benefits as amounts accrued interest penalties. Company currently aware issues under review that could result significant payments, deviation from position. The Company considered exempted Cayman Islands company with connection other the Cayman Islands United States. such, Company’s provision zero period presented. Redeemable Shares of Class A Ordinary Shares As discussed in Note 1, all of the 57,500,000 shares of Class A ordinary shares sold as parts of the Units in the Initial Public Offering contain a redemption feature. In accordance with ASC 480, redemption provisions not solely within the control of the Company require the security to be classified outside of permanent equity. Ordinary liquidation events, which involve the redemption and liquidation of all of the entity’s equity instruments, are excluded from the provisions of ASC 480. Although the Company has not specified a maximum redemption threshold, its Amended and Restated Memorandum and Articles of Association and the provisions of the underwriting agreement provide that in no event will the Company redeem any of its public shares if total requests for redemption would cause its net tangible assets to be less than $5,000,001. The Company recognizes changes in redemption value immediately as they occur and will adjust the carrying value of the security at the end of each reporting period. Increases or decreases in the carrying value amount of redeemable shares of Class A ordinary shares shall be affected by charges against par value of Class A ordinary shares and additional paid-in capital. Accordingly, as of June 30, 2021, 52,683,081 of the 57,500,000 shares of Class A ordinary shares included in the Units were classified outside of permanent equity at its possible redemption value. Net Income (Loss) Per Ordinary Share Net income (loss) per share is computed by dividing by weighted average number of ordinary shares issued outstanding during period. As of June 30, 2021 the Company had outstanding warrants to purchase up to 20,500,000 shares of Class A ordinary shares. The weighted average of these shares have been excluded from the calculation of diluted net income (loss) per share of ordinary shares because the exercise of the warrants is contingent upon the occurrence of future events. As of June 30, 2021, the did not any and could, and the the Company. As result, diluted share is as basic share periods presented. The Company’s statement of operations includes a presentation of income (loss) per share for ordinary shares subject to possible redemption in a manner similar to the two-class method of income (loss) per share. Net income (loss) per share, basic and diluted, for redeemable Class A ordinary shares is calculated by dividing the investment income earned on the Trust Account by the weighted average number of redeemable Class A ordinary shares outstanding since original issuance. Net income (loss) per share, basic and diluted, for non-redeemable ordinary shares is calculated by dividing the net income (loss), adjusted for income attributable to redeemable Class A ordinary shares, by the weighted average number of non-redeemable ordinary shares outstanding for the period. Non- redeemable ordinary shares include the Founder Shares as these shares do not have any redemption features and do not participate in the income earned on the Trust Account. Concentration of Credit Risk Financial instruments that account $250,000. The Company has not experienced losses this account and management believes the Company is not exposed to significant risks on such accounts. Fair Value of Financial Instruments The fair value of the Company’s assets and liabilities, which qualify as financial instruments under ASC 820, “Fair Value measurements and disclosures,” approximates the carrying amounts represented in the accompanying balance sheets primarily due to their short-term nature. Recent Accounting Standards Management does not believe that any

Initial Public Offering

Initial Public Offering	6 Months Ended
	Jun. 30, 2021
Equity [Abstract]
Initial Public Offering	Note 3 - Initial Public Offering On February 12, 2021, pursuant to the Initial Public Offering, the Company sold 57,500,000 Units, including 7,500,000 Units sold upon exercise in full of the underwriter’s over-allotment option, at a purchase price of $10.00 per Unit. Each Unit consists of one Class A ordinary share and one-fifth of one redeemable warrant share Transaction costs amounted to $32,476,988, consisting of $11,500,000 of underwriting fees (that includes a $3,000,000 financial advisory fee paid to Lazard Frères & Co. LLC for which the Company was reimbursed by the underwriter), $20,125,000 of deferred underwriting fees and $851,988 of other offering costs.

Private Placement

Private Placement	6 Months Ended
	Jun. 30, 2021
Equity [Abstract]
Private Placement	Note 4 - Private Placement Simultaneously with the closing of the Initial Public Offering, the Sponsor purchased aggregate 9,000,000 $1.50 . Each Private Placement Warrant exercisable purchase one Class ordinary share price $11.50 per share, subject adjustment (see Note 9). portion the proceeds from the Private Placement Warrants were added the proceeds from the Initial Public Offering held the Trust Account. the Company does not complete Business Combination within Combination Period, proceeds from sale Private Placement Warrants will used fund the redemption the public shares (subject the requirements applicable law) and the Private Placement The proceeds from the sale of the Private Placement Warrants of $13,500,000 exceeded their estimated fair value of $9,900,000 at the closing of the private placement by $3,600,000, which was recorded in additional paid in capital.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2021
Related Party Transactions [Abstract]
Related Party Transactions	Note 5 - Related Party Transactions Founder Shares On December 17 2020, Sponsor paid $25,000 purchase an aggregate of Class ordinary shares (the “Founder Shares”) that the number of On February 5, 2021, the Sponsor transferred 25,000 of its Founder Shares to each of the Company’s five independent directors (125,000 Founder Shares in the aggregate). Further, on February 5, 2021, the Sponsor converted into a series limited liability company and LGA HoldCo LLC, an affiliate of Lazard Ltd, provided each of the Company’s officers and certain other employees of Lazard Ltd and its subsidiaries the opportunity to purchase certain membership interests in a series of the Sponsor (the “Series Membership Interests”) pursuant to which such persons have economic interests in certain of the Founder Shares but do not have voting rights or dispositive power with respect thereto. In particular, as of February 12, 2021, the Company’s officers and such other employees of Lazard Ltd and its subsidiaries possess Series Membership Interests representing economic interests in approximately 30% in the aggregate of the Company’s issued and outstanding Founder Shares, including approximately 2% in the aggregate which has been provided by the Company’s officers; however, the Sponsor maintains the voting rights attributable to, and the dispositive power in respect of, all such Founder Shares. Each of the Company’s officers and such other employees of Lazard Ltd and its subsidiaries will also be eligible to directly or indirectly purchase or receive additional economic or other interests in the Company’s securities from Lazard Ltd and its subsidiaries, including additional Series Membership Interests, on a discretionary basis in the future. Effective May 11, 2021, a member of the Company’s board of directors (the “Board”) resigned his position as a member of the Board and subsequently transferred back to the Sponsor the 25,000 Founder Shares he previously received from the Sponsor in connection with his service on the Board. The Sponsor and each of the Company’s officers and directors have agreed, subject limited exceptions, not transfer, assign sell Founder Shares until earliest year after completion Business Combination subsequent $12.00 per share (as adjusted for share sub-divisions, share dividends, rights issuances, reorganizations, least days date which liquidation, merger, share exchange other similar transaction that results having the right exchange their Class ordinary shares cash, securities other property. IPO Promissory Note On Dec ember 17 2020, the Sponsor agreed to loan the Company an aggregate amount of up to $300,000 to be used to pay a portion of the expenses related to the Initial Public Offering, pursuant to unsecured revolving promissory note (the “IPO Promissory Note”). The IPO Promissory Note was non-interest bearing payable earlier March 2021 (ii) the completion Initial Public Offering. On February 12, 2021, Related Party Loans In order finance transaction costs connection with Business Combination, the Sponsor has committed $1,300,000 to be provided to the Company to fund expenses relating to investigating and selecting a target business and other working capital requirements prior to an initial Business Combination. On August 5, 2021, the Sponsor amended its commitment to provide up to $2,000,000 of borrowing in the aggregate. In addition, the Sponsor or an affiliate of the Sponsor may, but are not obligated to, loan the Company additional funds may required (“Working Capital Loans”). the Company completes Business Combination, the Company may repay the Working Capital Loans out the proceeds the Trust Account released the Company . In the event that Business Combination does not close, the Company may use portion of proceeds held outside the Trust Account to repay the Working Capital Loans, but no proceeds held the Trust Account would used repay the Working Capital Loans. Except for the foregoing, the terms such Working Capital Loans, any, have not been determined written agreements exist with respect such loans. At the lender’s discretion, up $2,000,000 such Working Capital Loans convertible into warrants post-Business Combination entity price $1.50 per warrant. The warrants would identical Private Placement Warrants. December 31 2020, Company $1,300,000 and $0 outstanding borrowings, respectively, under the Working Capital Loans. Advisory Services Lazard Frères & Co. LLC, an affiliate of the Company, is acting as the Company’s independent financial advisor as defined under Financial Industry Regulatory Authority (“FINRA”) Rule 5110(j)(9), to provide independent financial consulting services, consisting of a review of deal structure and terms and related structuring advice in connection with the Initial Public Offering and the consummation of the Business Combination. Upon the completion of the Initial Public Offering, Lazard Frères & Co. LLC received a financial advisory fee of $3,000,000. Pursuant to the terms of the underwriting agreement, the underwriter has agreed to reimburse the Company for a portion of the offering costs in an amount equal to the fee to be paid to Lazard Frères & Co. LLC. On February 12, 2021, the underwriter reimbursed the Company $3,000,000. Administrative Support Agreement The Company agreed, commencing date that Company’s securities first listed the Nasdaq Capital Market, which was February 10, 2021, and through the earlier the Company’s consummation Business Combination liquidation, affiliate Sponsor total $20,000 month office space, secretarial and administrative support

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 6 - Fair Value Measurements Fair Value Hierarchy of Assets and Liabilities —the Company categorizes its warrants exercisable for Class A ordinary shares, which are recorded at fair value into a three-level fair value hierarchy as follows: Level 1. Assets and liabilities whose values are based on unadjusted quoted prices for identical assets or liabilities in an active market that the Company has the ability to access. Level 2. Assets and liabilities whose values are based on (i) quoted prices for similar assets or liabilities in an active market, or quoted prices for identical or similar assets or liabilities in non-active markets, or (ii) inputs other than quoted prices that are directly observable or derived principally from, or corroborated by, market data. Level 3. Assets and liabilities whose values are based on prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement. These inputs reflect our own assumptions about the assumptions a market participant would use in pricing the asset or liability The Company’s Public Warrants exercisable for Class A ordinary shares began trading on Nasdaq in April 2021 and have been reclassified from Level 3 to Level 1. Their fair value at June 30, 2021 is based on an observable market quote. The fair value of the Public Warrants prior to the commencement of trading and the fair value of the Private Warrants is based on a valuation inputs include market prices of warrants issued by other SPACs and unobservable inputs include model adjustments for valuation uncertainty pertaining to the probability of the Company consummating a Business Combination. The following table presents, as of June 30, 2021, the classification of assets and liabilities measured at fair value on a recurring basis within the fair value hierarchy. June 30, 2021 Level 1 Level 2 Level 3 NAV Total Assets: Cash Held in Trust Account $ 575,011,856 $ - $ - $ - $ 575,011,856 Total $ 575,011,856 $ - $ - $ - $ 575,011,856 Liabilities: Warrants exercisable for Class A ordinary shares $ 13,225,000 $ - $ 10,170,000 $ - $ 23,395,000 Total $ 13,225,000 $ - $ 10,170,000 $ - $ 23,395,000 The following tables provide a summary of the changes in fair value of the Company’s Level 3 liabilities for the three months and six months ended June 30, 2021. Three Months ended June 30, 2021 Beginning Balance Initial Fair Value Changes in Fair Value of Warrant Liabilities Transfers Ending Balance Liabilities: Public Warrants exercisable for Class A ordinary shares $ 11,500,000 $ - $ - $ (11,500,000 ) $ - Private Warrants exercisable for Class A ordinary shares 9,000,000 - 1,170,000 - 10,170,000 Total Level 3 Liabilities $ 20,500,000 $ - $ 1,170,000 $ (11,500,000 ) $ 10,170,000 Six Months ended June 30, 2021 Beginning Balance Initial Fair Value Changes in Fair Value of Warrant Liabilities Transfers Ending Balance Liabilities: Public Warrants exercisable for Class A ordinary shares $ - $ 12,650,000 $ (1,150,000 ) $ (11,500,000 ) $ - Private Warrants exercisable for Class A ordinary shares - 9,900,000 270,000 - 10,170,000 Total Level 3 Liabilities $ - $ 22,550,000 $ (880,000 ) $ (11,500,000 ) $ 10,170,000

Derivatives

Derivatives	6 Months Ended
	Jun. 30, 2021
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Derivatives	Note 7 - Derivatives The Company’s The following table provides a summary of the changes in fair value of the Company’s derivative instruments for the six months ended June 30,2021. Warrants Exercisable for Class A Ordinary Shares Public Private Total Balance January 1, 2021 $ - $ - $ - Initial Fair Value 12,650,000 9,900,000 22,550,000 Change in fair value as of March 31, 2021 (1,150,000 ) (900,000 ) (2,050,000 ) Balance as of March 31, 2021 11,500,000 9,000,000 20,500,000 Change in fair value as of June 30, 2021 1,725,000 1,170,000 2,895,000 Balance as of June 30, 2021 $ 13,225,000 $ 10,170,000 $ 23,395,000

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2021
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 8 - Commitments and Contingencies Registration and Shareholders Rights The holders Founder Shares, Private Placement Warrants warrants that issued upon conversion Working Capital Loans (and Class ordinary shares issuable upon exercise the Private Placement Warrants and the warrants that may be issued upon conversion of the Working Capital Loans) will entitled registration rights pursuant registration shareholder rights agreement Initial Public Offering. In addition, the holders have certain “piggy-back” registration rights with respect registration statements filed subsequent completion Business Combination. However, registration shareholder rights agreement provides that Company will permit registration statement filed under Securities become effective until termination applicable lockup period, which occurs (i) in the case of the Founder Shares, as described in Note 5, and (ii) in the case of the Private Placement Warrants and the respective Class A ordinary shares underlying such warrants, 30 days after the completion of a Business Combination. registration rights agreement does not contain liquidating damages other cash settlement provisions resulting from delays registering securities. will bear with filing any such registration statements. Underwriting Agreement The Company granted the underwriter a 45-day option to purchase up to 7,500,000 additional Units to cover over-allotments at the Initial Public Offering price, less the underwriting discounts and commissions. The underwriter exercised this over-allotment option in full on February 10, 2021. The underwriter received a cash underwriting discount of $0.20 per Unit, or $11,500,000 in the aggregate, upon the closing of the Initial Public Offering. In addition, the underwriter will be entitled to deferred commissions of $0.35 per Unit, or $20,125,000 in the aggregate . deferred will become payable underwriter from the amounts held the Trust Account solely the event that the Company completes Business Combination within the Combination Period, subject the terms the underwriting agreement

Shareholders' Equity

Shareholders' Equity	6 Months Ended
	Jun. 30, 2021
Equity [Abstract]
Shareholders' Equity	Note 9 - Shareholders’ Equity Preference Shares The Company is authorized to issue 5,000,000 preference shares with a par value of $0.0001 per share, with such designations, voting and other rights and preferences may determined from time time Board. December 31 2020, there were preference shares issued or outstanding. Class A Ordinary Shares The Company is authorized to issue 500,000,000 Class A ordinary shares, with a par value of $0.0001 per share. Holders of Class A ordinary shares are entitled to one vote for each share. At June 30, 2021 and December 31, 2020, there were 4,816,919 and zero Class A ordinary shares issued or outstanding (net of Class A ordinary shares subject to redemption), respectively. Class B Ordinary Shares The Company authorized issue 50,000,000 Class ordinary shares, with par value $0.0001 per share the Class ordinary shares entitled one vote for each share. At June 30, 2021 and December 31 2020, there were 14,375,000 Class shares issued . On February 10, 2021, in connection with the underwriter’s exercise of the over-allotment option in full, 1,875,000 Class B ordinary shares are no longer subject to forfeiture. Only holders of the the the to the and vote all law and (ii) with respect to the election of directors. The Class B ordinary shares will automatically convert into Class A ordinary shares at the time of a Business Combination or earlier at the option of the holders thereof at a ratio such that the number of Class A ordinary shares issuable upon conversion of all Founder Shares will equal, in the aggregate, on an as-converted basis, 20% of the sum of (i) the total number of ordinary shares issued and outstanding upon completion Initial Public Offering, plus (ii) total number Class ordinary shares issued deemed issued or issuable upon conversion or exercise of any equity-linked securities or rights issued or deemed issued, the Company connection with relation the consummation Business Combination, excluding Class ordinary shares equity-linked securities exercisable for convertible into Class ordinary shares issued, deemed issued, or to be issued, to any seller in Business Combination and any Private Placement Warrants issued Sponsor, affiliates member Company’s management team upon conversion Working Capital Loans. event will the Class ordinary shares convert into Class ordinary shares rate of less than one-to-one. Warrants Exercisable for Class A Ordinary Shares Public Warrants may only be exercised for a whole number of shares. No fractional shares will be (i) days after completion Business Combination year from closing Initial Public Offering or liquidation. The Company will obligated deliver Class ordinary shares pursuant exercise warrant will have obligation settle such warrant exercise unless registration statement under the Securities with respect Class ordinary shares underlying warrants then effective prospectus relating thereto current, subject the Company satisfying its obligations with respect to the Company will obligated issue Class ordinary share upon exercise warrant unless Class ordinary share issuable upon such warrant exercise been registered, qualified deemed exempt under securities laws state residence registered holder warrants. The Company agreed as as practicable, in no event later 20 business days after the closing Business Combination, will commercially reasonable efforts file with for the the the issuable the and the use its the the and to maintain effectiveness of registration statement current prospectus relating to those Class the are the provided that Class time exercise not listed national the of Securities Act, Company may, option, require holders Public Warrants exercise the Act the event Company elects, Company not maintain effect registration but the use its the shares applicable sky laws extent exemption not available. statement the the warrants is not effective by the 60th day after the closing of a Business Combination, warrant holders may, until such time as there is an effective registration statement and during any period when the Company will have failed to maintain an effective registration statement, exercise warrants on a “cashless basis” in accordance with Section 3(a)(9) of the Securities Act or another exemption, but the Company will use its commercially reasonable efforts to register or qualify the shares under applicable blue sky laws to the extent an exemption is not available. Redemption of warrants when the price per Class A ordinary share equals or exceeds $18.00. Once the warrants become exercisable, the Company may redeem the outstanding warrants (except as described with respect to the Private Placement Warrants): • in whole and not in part; • at a price of $0.01 per warrant; • upon a minimum of 30 days’ prior written notice of redemption to each warrant holder; and • if, and only if, the closing price of the Class A ordinary shares equals or exceeds $18.00 per share (as adjus ted) for any 20 trading days within a 30-trading day period ending three trading days before the Company sends the notice of redemption to the warrant holders. If and when warrants become redeemable Company, Company exercise redemption right even unable register qualify the underlying securities for sale under all applicable state securities laws. Redemption of warrants when the price per Class A ordinary share equals or exceeds $10.00. Once the warrants become exercisable, the Company may redeem the outstanding warrants: • in whole and not in part; • at $0.10 per warrant • upon a minimum of 30 days’ prior written notice of redemption; provided that holders will be able to exercise their warrants on a cashless basis prior to redemption and receive that number of shares determined based on the redemption date and the fair market value of the Class A ordinary shares; • if, and only if, the closing price of the Class A ordinary shares equals or exceeds $10.00 per public share (as adjusted) on the trading day prior to the date the Company sends the notice of redemption to the warrant holders. If the Company calls Public Warrants for redemption, described above, management will have the option to require any holder that wishes to exercise the Public Warrants to do so on “cashless basis” . The exercise price and number ordinary shares issuable upon exercise the Public Warrants may adjusted certain circumstances including the event share dividend, extraordinary dividend recapitalization, reorganization, merger consolidation. However, except in certain circumstances, the Public Warrants will not adjusted for issuances ordinary shares price below exercise price. Additionally, event will Company required net cash settle Public Warrants. Company unable complete Business Combination within Combination Period and the Company liquidates the funds held the Trust Account, holders Public Warrants will not receive any such funds with respect their Public Warrants, nor will they receive any distribution from the Company’s assets held outside of the Trust Account with respect such Public Warrants. Accordingly, the Public Warrants expire worthless. The Private Placement Warrants are identical Public Warrants underlying Units sold in the Initial Public Offering, except that the Private Placement Warrants and the Class ordinary shares issuable upon the exercise the Private Placement Warrants will not transferable, assignable salable until days after completion Business Combination, subject certain limited exceptions. Additionally, Private Placement Warrants will exercisable cashless basis non-redeemable, except , long as they are held by the Sponsor or its permitted transferees . If the Private Placement Warrants are held by someone other than the initial purchasers or their permitted transferees, the Private Placement Warrants will be redeemable by the Company and exercisable by such holders on the same basis as the Public Warrants.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2021
Subsequent Events [Abstract]
Subsequent Events	Note 10 - Subsequent Events The Company evaluated subsequent events and transactions that occurred after the balance sheet date up to the date that the financial statements were issued. Based upon this review, other than as described below, the Company did not identify any subsequent events that would have required adjustment disclosure these financial statements. On August 5, 2021, the Sponsor amended its working capital loan to provide additional borrowing up to total borrowing amount of $2,000,000.

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The Company’s unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and the rules and regulations of the SEC for interim financial information and the instructions to Form 10-Q. Certain disclosures included in the annual financial statements have been condensed or omitted from these financial statements as they are not required for interim financial statements under U.S. GAAP and the rules of the SEC. These unaudited condensed financial statements reflect all adjustments that are, in the opinion of management, necessary for a fair statement of the results for the interim period presented. These adjustments are of a normal, recurring nature. Interim period operating results may not be indicative of the operating results for a full year. The accompanying unaudited condensed financial statements should be read in conjunction with the Company’s audited financial statements included in the Company’s final prospectus for the Initial Public Offering filed with the SEC on February 11, 2021, as well as the Company’s annual audited financial statements included in the Company’s Annual Report on Form 10-K filed with the SEC on March 31, 2021. The interim results for the three and six months ended June 30, 2021 are not necessarily indicative of the results to be expected for the year ending December 31, 2021 or for any future interim periods.
Emerging Growth Company	Emerging Growth Company The Company “emerging growth company,” defined Section 2(a) Securities Act, modified the Jumpstart Our Business Startups Act 2012 (the “JOBS Act”), and may take advantage certain exemptions from various reporting requirements that are applicable other public companies that are not emerging growth companies including, but not limited to, not being required comply with the auditor attestation requirements Section 404 the Sarbanes-Oxley Act 2002, reduced disclosure obligations regarding executive compensation its periodic reports and proxy statements, and exemptions Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies to comply with new revised financial accounting standards until private companies (that those that have not had Securities Act registration statement declared effective not have class securities registered under Exchange Act) required comply with revised financial accounting standards. The JOBS Act provides that company can elect opt out the extended transition period and comply with requirements that apply non-emerging growth companies but such election opt out irrevocable. Company has elected not opt out such extended transition period which means that when standard issued revised different application dates public private companies, Company, emerging growth company, adopt revised standard time private companies adopt revised standard. This make comparison Company’s financial statements with another public company which neither emerging growth company emerging growth company which has opted out using extended transition period difficult impossible because the potential differences accounting standards used.
Use of Estimates	Use of Estimates The preparation financial statements conformity with U.S. GAAP requires management make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period.
Cash and Cash Held in Trust Account	Cash and Cash Held in Trust Account Cash and cash equivalents include cash on hand and on deposit at banking institutions as well as all highly liquid short-term investments with original maturities of ninety (90) days or less. As of June 30, 2021, the Company held deposits of $227,578 in a demand deposit account and held $575,011,856 in the Trust Account and are characterized as Level I investments within the fair value hierarchy under ASC 820. The cash held in the Trust Account is considered restricted.
Deferred Offering Costs	Deferred Offering Costs Deferred offering costs consist of legal, accounting and other expenses incurred through the balance sheet date that are directly related to the Initial Public Offering. These costs, together with the upfront underwriting discounts, the deferred underwriting commissions and the financial advisory fee in connection with the Initial Public Offering, were allocated between the Public Shares and the Public Warrants and charged to shareholders’ equity and operating expenses, respectively, upon the completion of the Initial Public Offering.
Warrants Exercisable for Class A Ordinary Shares	Warrants Exercisable for Class A Ordinary Shares The Company accounts for the warrants issued in connection with the Initial Public Offering in accordance with ASC 480-10, “Accounting for Certain Financial Instruments with Characteristics of both Liabilities and Equity”, which provides that the Company classifies the warrant instrument as a liability at its fair value and adjusts the instrument to fair value at each reporting period. This liability is subject to re-measurement at each balance sheet date until exercised, in accordance with ASC Topic 815, and any change in fair value is recognized in the Company’s statement of operations.
Income Taxes	Income Taxes The Company accounts for income taxes under ASC 740, "Income Taxes". ASC 740 requires the recognition of deferred tax assets and liabilities for both the expected impact of differences between the financial statement and ASC Topic prescribes recognition threshold measurement attribute financial statement recognition measurement positions taken expected taken return. those benefits recognized, position must more likely than sustained upon examination taxing tax jurisdiction. Company recognizes accrued interest penalties related unrecognized benefits as amounts accrued interest penalties. Company currently aware issues under review that could result significant payments, deviation from position. The Company considered exempted Cayman Islands company with connection other the Cayman Islands United States. such, Company’s provision zero period presented.
Redeemable Shares of Class A Ordinary Shares	Redeemable Shares of Class A Ordinary Shares As discussed in Note 1, all of the 57,500,000 shares of Class A ordinary shares sold as parts of the Units in the Initial Public Offering contain a redemption feature. In accordance with ASC 480, redemption provisions not solely within the control of the Company require the security to be classified outside of permanent equity. Ordinary liquidation events, which involve the redemption and liquidation of all of the entity’s equity instruments, are excluded from the provisions of ASC 480. Although the Company has not specified a maximum redemption threshold, its Amended and Restated Memorandum and Articles of Association and the provisions of the underwriting agreement provide that in no event will the Company redeem any of its public shares if total requests for redemption would cause its net tangible assets to be less than $5,000,001. The Company recognizes changes in redemption value immediately as they occur and will adjust the carrying value of the security at the end of each reporting period. Increases or decreases in the carrying value amount of redeemable shares of Class A ordinary shares shall be affected by charges against par value of Class A ordinary shares and additional paid-in capital. Accordingly, as of June 30, 2021, 52,683,081 of the 57,500,000 shares of Class A ordinary shares included in the Units were classified outside of permanent equity at its possible redemption value.
Net Income Per Ordinary Share	Net Income (Loss) Per Ordinary Share Net income (loss) per share is computed by dividing by weighted average number of ordinary shares issued outstanding during period. As of June 30, 2021 the Company had outstanding warrants to purchase up to 20,500,000 shares of Class A ordinary shares. The weighted average of these shares have been excluded from the calculation of diluted net income (loss) per share of ordinary shares because the exercise of the warrants is contingent upon the occurrence of future events. As of June 30, 2021, the did not any and could, and the the Company. As result, diluted share is as basic share periods presented. The Company’s statement of operations includes a presentation of income (loss) per share for ordinary shares subject to possible redemption in a manner similar to the two-class method of income (loss) per share. Net income (loss) per share, basic and diluted, for redeemable Class A ordinary shares is calculated by dividing the investment income earned on the Trust Account by the weighted average number of redeemable Class A ordinary shares outstanding since original issuance. Net income (loss) per share, basic and diluted, for non-redeemable ordinary shares is calculated by dividing the net income (loss), adjusted for income attributable to redeemable Class A ordinary shares, by the weighted average number of non-redeemable ordinary shares outstanding for the period. Non- redeemable ordinary shares include the Founder Shares as these shares do not have any redemption features and do not participate in the income earned on the Trust Account.
Concentration of Credit Risk	Concentration of Credit Risk Financial instruments that account $250,000. The Company has not experienced losses this account and management believes the Company is not exposed to significant risks on such accounts.
Fair Value of Financial Instruments	Fair Value of Financial Instruments The fair value of the Company’s assets and liabilities, which qualify as financial instruments under ASC 820, “Fair Value measurements and disclosures,” approximates the carrying amounts represented in the accompanying balance sheets primarily due to their short-term nature.
Recent Accounting Standards	Recent Accounting Standards Management does not believe that any

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2021
Fair Value Disclosures [Abstract]
Summary of Assets and Liabilities Measured at Fair Value on Recurring Basis	The following table presents, as of June 30, 2021, the classification of assets and liabilities measured at fair value on a recurring basis within the fair value hierarchy. June 30, 2021 Level 1 Level 2 Level 3 NAV Total Assets: Cash Held in Trust Account $ 575,011,856 $ - $ - $ - $ 575,011,856 Total $ 575,011,856 $ - $ - $ - $ 575,011,856 Liabilities: Warrants exercisable for Class A ordinary shares $ 13,225,000 $ - $ 10,170,000 $ - $ 23,395,000 Total $ 13,225,000 $ - $ 10,170,000 $ - $ 23,395,000
Summary of Changes in Fair Value of Level 3 Liabilities	The following tables provide a summary of the changes in fair value of the Company’s Level 3 liabilities for the three months and six months ended June 30, 2021. Three Months ended June 30, 2021 Beginning Balance Initial Fair Value Changes in Fair Value of Warrant Liabilities Transfers Ending Balance Liabilities: Public Warrants exercisable for Class A ordinary shares $ 11,500,000 $ - $ - $ (11,500,000 ) $ - Private Warrants exercisable for Class A ordinary shares 9,000,000 - 1,170,000 - 10,170,000 Total Level 3 Liabilities $ 20,500,000 $ - $ 1,170,000 $ (11,500,000 ) $ 10,170,000 Six Months ended June 30, 2021 Beginning Balance Initial Fair Value Changes in Fair Value of Warrant Liabilities Transfers Ending Balance Liabilities: Public Warrants exercisable for Class A ordinary shares $ - $ 12,650,000 $ (1,150,000 ) $ (11,500,000 ) $ - Private Warrants exercisable for Class A ordinary shares - 9,900,000 270,000 - 10,170,000 Total Level 3 Liabilities $ - $ 22,550,000 $ (880,000 ) $ (11,500,000 ) $ 10,170,000

Derivatives (Tables)

Derivatives (Tables)	6 Months Ended
	Jun. 30, 2021
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Summary of Changes in Fair Value of Derivative Instruments	The following table provides a summary of the changes in fair value of the Company’s derivative instruments for the six months ended June 30,2021. Warrants Exercisable for Class A Ordinary Shares Public Private Total Balance January 1, 2021 $ - $ - $ - Initial Fair Value 12,650,000 9,900,000 22,550,000 Change in fair value as of March 31, 2021 (1,150,000 ) (900,000 ) (2,050,000 ) Balance as of March 31, 2021 11,500,000 9,000,000 20,500,000 Change in fair value as of June 30, 2021 1,725,000 1,170,000 2,895,000 Balance as of June 30, 2021 $ 13,225,000 $ 10,170,000 $ 23,395,000

Organization and Plan of Busi_2

Organization and Plan of Business Operations - Additional Information (Details) - USD ($)	Feb. 12, 2021	Feb. 10, 2021	Mar. 31, 2021	Jun. 30, 2021
Collaborative Arrangements And Noncollaborative Arrangement Transactions [Line Items]
Date of incorporation				Dec. 10, 2020
Business combination per public share				$ 10
Restriction from redeeming of public shares without prior written consent in percentage				15.00%
Period for business combination to consummate after initial public offering				24 months
Minimum
Collaborative Arrangements And Noncollaborative Arrangement Transactions [Line Items]
Percentage of net assets held in trust account				80.00%
Condition for completing business combination applies if post-business combination company owns or acquires certain percentage				50.00%
Maximum
Collaborative Arrangements And Noncollaborative Arrangement Transactions [Line Items]
Net tangible assets				$ 5,000,001
Interest payable for dissolution expenses				$ 100,000
Class A Ordinary Shares
Collaborative Arrangements And Noncollaborative Arrangement Transactions [Line Items]
Stock issued during period			57,500,000
Percentage redemption of ordinary share in connection with initial business combination				100.00%
Class A Ordinary Shares | Maximum
Collaborative Arrangements And Noncollaborative Arrangement Transactions [Line Items]
Sale of stock, price per share				$ 12
Initial Public Offering | Class A Ordinary Shares
Collaborative Arrangements And Noncollaborative Arrangement Transactions [Line Items]
Stock issued during period	57,500,000
Sale of stock, price per share	$ 10
Underwriter’s Over-Allotment Option
Collaborative Arrangements And Noncollaborative Arrangement Transactions [Line Items]
Stock issued during period		7,500,000
Sale of warrants issued during period shares new issues	1,000,000
Underwriter’s Over-Allotment Option | Class A Ordinary Shares
Collaborative Arrangements And Noncollaborative Arrangement Transactions [Line Items]
Stock issued during period	7,500,000
Private Placement Warrants
Collaborative Arrangements And Noncollaborative Arrangement Transactions [Line Items]
Sale of stock, price per share	$ 1.50
Sale of warrants issued during period shares new issues	9,000,000

Organization and Plan of Busi_3

Organization and Plan of Business Operations - Liquidity - Additional Information (Details) - USD ($)	6 Months Ended
	Jun. 30, 2021	Aug. 05, 2021	Mar. 26, 2021	Dec. 31, 2020
Collaborative Arrangements And Noncollaborative Arrangement Transactions [Line Items]
Cash	$ 227,578			$ 25,000
Sponsor commitment			$ 1,300,000
Amount drawn from sponsor working capital loan	1,300,000
Accrued expenses, offering costs and payables to affiliates	172,568
Related Party Loans
Collaborative Arrangements And Noncollaborative Arrangement Transactions [Line Items]
Amount drawn from sponsor working capital loan	$ 1,300,000
Related Party Loans | Subsequent Event
Collaborative Arrangements And Noncollaborative Arrangement Transactions [Line Items]
Available additional maximum borrowing capacity under sponsor amended working capital loans.		$ 2,000,000

Significant Accounting Polici_3

Significant Accounting Policies - Additional Information (Details) - USD ($)	Feb. 12, 2021	Mar. 31, 2021	Jun. 30, 2021	Dec. 31, 2020
Significant Accounting Policies [Line Items]
Demand deposit account			$ 227,578
Deposits held in trust account			575,011,856
Unrecognized tax benefits			0	$ 0
Unrecognized tax benefit amounts accrued for interest and penalties			0	0
Tax provision			0	$ 0
Dilutive securities			0
Federal depository insurance coverage			250,000
Maximum
Significant Accounting Policies [Line Items]
Net tangible assets considered for redemption of public shares, threshold amount			$ 5,000,001
Warrants outstanding			20,500,000
Class A Ordinary Shares
Significant Accounting Policies [Line Items]
Ordinary shares sold		57,500,000
Ordinary shares classified outside of permanent equity at its possible redemption value			52,683,081
Class A Ordinary Shares | Initial Public Offering
Significant Accounting Policies [Line Items]
Ordinary shares sold	57,500,000
Common Stock Subject to Mandatory Redemption | Class A Ordinary Shares | Initial Public Offering
Significant Accounting Policies [Line Items]
Ordinary shares sold	57,500,000

Initial Public Offering - Addit

Initial Public Offering - Additional Information (Details) - USD ($)	Feb. 12, 2021	Feb. 10, 2021	Mar. 31, 2021	Jun. 30, 2021
Initial Public Offering [Line Items]
Public warrant, description				Each Unit consists of one Class A ordinary share and one-fifth of one redeemable warrant (“Public Warrant”).
Exercise price, per share				$ 1.50
Transaction costs	$ 32,476,988			$ 702,238
Underwriting fees	11,500,000
Deferred underwriting fees	20,125,000			20,125,000
Other offering costs	851,988
Lazard Frères & Co. LLC
Initial Public Offering [Line Items]
Financial advisory fee paid	$ 3,000,000
Class A Ordinary Shares
Initial Public Offering [Line Items]
Stock issued during period			57,500,000
Exercise price, per share	$ 11.50
Initial Public Offering | Class A Ordinary Shares
Initial Public Offering [Line Items]
Stock issued during period	57,500,000
Sale of stock, price per share	$ 10
Underwriter’s Over-Allotment Option
Initial Public Offering [Line Items]
Stock issued during period		7,500,000
Underwriting fees				11,500,000
Deferred underwriting fees				$ 20,125,000
Underwriter’s Over-Allotment Option | Class A Ordinary Shares
Initial Public Offering [Line Items]
Stock issued during period	7,500,000

Private Placement - Additional

Private Placement - Additional Information (Details) - USD ($)	Feb. 12, 2021	Mar. 31, 2021	Jun. 30, 2021
Private Placement [Line Items]
Exercise price, per share			$ 1.50
Adjustment in additional paid in capital for proceeds in excess of fair value of warrants issued	$ 3,600,000	$ 3,600,000
Private Placement Warrants
Private Placement [Line Items]
Fair value of warrants	$ 9,900,000
Private Placement Warrants
Private Placement [Line Items]
Sale of warrants issued during period shares new issues	9,000,000
Sale of stock, price per share	$ 1.50
Sale of warrants issued during period value new issues	$ 13,500,000
Proceeds from warrants issued	$ 13,500,000
Class A Ordinary Shares
Private Placement [Line Items]
Exercise price, per share	$ 11.50

Related Party Transactions - Fo

Related Party Transactions - Founder Shares - Additional Information (Details)	May 11, 2021shares	Feb. 12, 2021	Feb. 05, 2021Directorshares	Dec. 17, 2020USD ($)shares	Jun. 30, 2021$ / sharesshares	Dec. 31, 2020shares
Class B Ordinary Shares
Related Party Transaction [Line Items]
Common stock, shares issued					14,375,000	14,375,000
Class A Ordinary Shares
Related Party Transaction [Line Items]
Common stock, shares issued					4,816,919	0
Class A Ordinary Shares | Maximum
Related Party Transaction [Line Items]
Sale of stock, price per share | $ / shares					$ 12
Founder Shares
Related Party Transaction [Line Items]
Related party transaction sponsor paid to purchase ordinary share | $				$ 25,000
Founder shares as percentage of issued and outstanding ordinary shares after initial public offering		30.00%		20.00%
Related party transaction sponsor transferred founder share to each independent directors			25,000
Number of independent directors | Director			5
Related party transaction sponsor transferred founder share to independent directors			125,000
Related party transaction directors transferred back founder share previously received from sponsor.	25,000
Founder Shares | Officer
Related Party Transaction [Line Items]
Founder shares as percentage of issued and outstanding ordinary shares after initial public offering		2.00%
Founder Shares | Class B Ordinary Shares
Related Party Transaction [Line Items]
Common stock, shares issued				14,375,000

Related Party Transactions - IP

Related Party Transactions - IPO Promissory Note - Additional Information (Details) - USD ($)	Feb. 12, 2021	Dec. 17, 2020	Jun. 30, 2021
Related Party Transaction [Line Items]
Borrowings outstanding repaid			$ 187,583
IPO Promissory Note
Related Party Transaction [Line Items]
Aggregate loan amount		$ 300,000
Maturity date		Mar. 31, 2021
Borrowings outstanding repaid	$ 187,583

Related Party Transactions - Re

Related Party Transactions - Related Party Loans - Additional Information (Details) - USD ($)	Feb. 12, 2021	Aug. 05, 2021	Jun. 30, 2021	Dec. 31, 2020
Related Party Transaction [Line Items]
Exercise price, per share			$ 1.50
Outstanding borrowings			$ 1,300,000	$ 0
Related Party Loans
Related Party Transaction [Line Items]
Loans			1,300,000
Proceeds held in trust account	$ 0
Related Party Loans | Subsequent Event
Related Party Transaction [Line Items]
Aggregate loan amount		$ 2,000,000
Related Party Loans | Maximum [Member]
Related Party Transaction [Line Items]
Working capital loans to be convertible into warrants			$ 2,000,000

Related Party Transactions - Ad

Related Party Transactions - Advisory Services - Additional Information (Details)	Feb. 12, 2021USD ($)
Related Party Transaction [Line Items]
Underwriter reimbursement as offering costs	$ 3,000,000
Lazard Frères & Co. LLC
Related Party Transaction [Line Items]
Financial advisory fee received	$ 3,000,000

Related Party Transactions - _2

Related Party Transactions - Administrative Support Agreement - Additional Information (Details)	Feb. 10, 2021USD ($)
Related Party Transactions [Abstract]
Office space, secretarial and administrative support expenses per month	$ 20,000

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Assets and Liabilities Measured at Fair Value on Recurring Basis (Details)	Jun. 30, 2021USD ($)
Assets:
Cash held in Trust Account	$ 575,011,856
Fair Value Measurements Recurring
Assets:
Cash held in Trust Account	575,011,856
Total	575,011,856
Liabilities:
Liabilities	23,395,000
Fair Value Measurements Recurring | Level 1
Assets:
Cash held in Trust Account	575,011,856
Total	575,011,856
Liabilities:
Liabilities	13,225,000
Fair Value Measurements Recurring | Level 3
Liabilities:
Liabilities	10,170,000
Fair Value Measurements Recurring | Warrants Exercisable for Class A Ordinary Shares
Liabilities:
Liabilities	23,395,000
Fair Value Measurements Recurring | Warrants Exercisable for Class A Ordinary Shares | Level 1
Liabilities:
Liabilities	13,225,000
Fair Value Measurements Recurring | Warrants Exercisable for Class A Ordinary Shares | Level 3
Liabilities:
Liabilities	$ 10,170,000

Fair Value Measurements - Sum_2

Fair Value Measurements - Summary of Changes in Fair Value of Level 3 Liabilities (Details) - Level 3 - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2021
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Beginning Balance	$ 20,500,000
Initial Fair Value		$ 22,550,000
Changes in Fair Value of Warrant Liabilities	1,170,000	(880,000)
Transfers	(11,500,000)	(11,500,000)
Ending Balance	10,170,000	10,170,000
Public Warrants Exercisable for Class A Ordinary Shares
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Beginning Balance	11,500,000
Initial Fair Value		12,650,000
Changes in Fair Value of Warrant Liabilities		(1,150,000)
Transfers	(11,500,000)	(11,500,000)
Private Warrants Exercisable for Class A Ordinary Shares
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Beginning Balance	9,000,000
Initial Fair Value		9,900,000
Changes in Fair Value of Warrant Liabilities	1,170,000	270,000
Ending Balance	$ 10,170,000	$ 10,170,000

Derivatives - Summary of Change

Derivatives - Summary of Changes in Fair Value of Derivative Instruments (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2021
Derivative [Line Items]
Change in fair value	$ 2,895,000		$ 845,000
Class A Ordinary Shares
Derivative [Line Items]
Beginning balance	20,500,000
Initial Fair Value		$ 22,550,000
Change in fair value	2,895,000	(2,050,000)
Ending balance	23,395,000	20,500,000	23,395,000
Class A Ordinary Shares | Public Warrants
Derivative [Line Items]
Beginning balance	11,500,000
Initial Fair Value		12,650,000
Change in fair value	1,725,000	(1,150,000)
Ending balance	13,225,000	11,500,000	13,225,000
Class A Ordinary Shares | Private Placement Warrants
Derivative [Line Items]
Beginning balance	9,000,000
Initial Fair Value		9,900,000
Change in fair value	1,170,000	(900,000)
Ending balance	$ 10,170,000	$ 9,000,000	$ 10,170,000

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) - USD ($)	Feb. 12, 2021	Feb. 10, 2021	Jun. 30, 2021
Loss Contingencies [Line Items]
Payment of underwriting discount, amount	$ 11,500,000
Deferred underwriting commissions	$ 20,125,000		$ 20,125,000
Underwriter’s Over-Allotment Option
Loss Contingencies [Line Items]
Number of days in option given to underwriter to purchase shares		45 days
Units issued in option		7,500,000
Payment of underwriting discount, per unit			$ 0.20
Payment of underwriting discount, amount			$ 11,500,000
Deferred underwriting commissions, per unit			$ 0.35
Deferred underwriting commissions			$ 20,125,000
Registration and Shareholders Rights Agreement
Loss Contingencies [Line Items]
Termination lockup period for warrants			30 days

Shareholders' Equity - Addition

Shareholders' Equity - Additional Information (Details) - $ / shares	Feb. 12, 2021	Feb. 10, 2021	Mar. 31, 2021	Jun. 30, 2021	Dec. 31, 2020
Class Of Stock [Line Items]
Preference shares, authorized				5,000,000	5,000,000
Preference shares, par value				$ 0.0001	$ 0.0001
Preference shares, issued				0	0
Preference shares, outstanding				0	0
Exercise price, per share				$ 1.50
Public Warrants
Class Of Stock [Line Items]
Number of shares will be issued upon exercise of warrants				0
Warrants exercisable, description				The Public Warrants will become exercisable on the later of (i) 30 days after the completion of a Business Combination and (ii) one year from the closing of the Initial Public Offering.
Warrants expiration term				5 years
Redemption of Warrants when Price per Class A Ordinary Share Equals or Exceeds $18.00
Class Of Stock [Line Items]
Redemption price				$ 18
Exercise price, per share				0.01
Redemption of Warrants when Price per Class A Ordinary Share Equals or Exceeds $10.00
Class Of Stock [Line Items]
Redemption price				10
Exercise price, per share				$ 0.10
Underwriter’s Over-Allotment Option
Class Of Stock [Line Items]
Ordinary shares no longer subject to forfeiture		7,500,000
Class A Ordinary Shares
Class Of Stock [Line Items]
Ordinary shares, authorized				500,000,000	500,000,000
Ordinary shares, par value				$ 0.0001	$ 0.0001
Ordinary shares, voting rights				Holders of Class A ordinary shares are entitled to one vote for each share.
Ordinary shares issued				4,816,919	0
Ordinary shares outstanding			4,464,789	4,816,919	0
Ordinary shares no longer subject to forfeiture			57,500,000
Exercise price, per share	$ 11.50
Class A Ordinary Shares | Underwriter’s Over-Allotment Option
Class Of Stock [Line Items]
Ordinary shares no longer subject to forfeiture	7,500,000
Class B Ordinary Shares
Class Of Stock [Line Items]
Ordinary shares, authorized				50,000,000	50,000,000
Ordinary shares, par value				$ 0.0001	$ 0.0001
Ordinary shares, voting rights				Holders of the Class B ordinary shares are entitled to one vote for each share.
Ordinary shares issued				14,375,000	14,375,000
Ordinary shares outstanding			14,375,000	14,375,000	14,375,000
Ordinary shares, conversion basis				The Class B ordinary shares will automatically convert into Class A ordinary shares at the time of a Business Combination or earlier at the option of the holders thereof at a ratio such that the number of Class A ordinary shares issuable upon conversion of all Founder Shares will equal, in the aggregate, on an as-converted basis, 20% of the sum of (i) the total number of ordinary shares issued and outstanding upon completion of Initial Public Offering, plus (ii) the total number of Class A ordinary shares issued or deemed issued or issuable upon conversion or exercise of any equity-linked securities or rights issued or deemed issued, by the Company in connection with or in relation to the consummation of a Business Combination, excluding Class A ordinary shares or equity-linked securities exercisable for or convertible into Class A ordinary shares issued, deemed issued, or to be issued, to any seller in a Business Combination and any Private Placement Warrants issued to the Sponsor, its affiliates or any member of the Company’s management team upon conversion of Working Capital Loans. In no event will the Class B ordinary shares convert into Class A ordinary shares at a rate of less than one-to-one.
Class B Ordinary Shares | Underwriter’s Over-Allotment Option
Class Of Stock [Line Items]
Ordinary shares no longer subject to forfeiture		1,875,000

Subsequent Events - Additional

Subsequent Events - Additional Information (Details)	Aug. 05, 2021USD ($)
Subsequent Event | Related Party Loans
Subsequent Event [Line Items]
Aggregate loan amount	$ 2,000,000