Financial Performance - For the three months ended September 30, 2022, the company reported a net income of $542,884, driven by interest and dividend income of $1,275,127 and offset by operating costs of $664,502[145]. - For the nine months ended September 30, 2022, the company recorded a net income of $6,769,548, primarily from a gain on fair value of warrant liability of $6,949,642[146]. - The company has incurred net cash used in operating activities of $1,120,106 for the nine months ended September 30, 2022, due to changes in fair value of the warrant liability[147]. Cash and Liabilities - As of September 30, 2022, the company held cash of $1,004,079 and current liabilities of $697,140, compared to cash of $2,124,185 and current liabilities of $193,254 as of December 31, 2021[142]. - There were no cash flows from investing activities for the nine months ended September 30, 2022, while net cash used in investing activities was $282,500,000 for the period from inception through September 30, 2021[148]. - As of September 30, 2022, the company had no off-balance sheet arrangements[155]. IPO and Financing - The company completed its IPO on July 30, 2021, raising gross proceeds of $250.0 million from the sale of 25,000,000 Units at $10.00 per Unit[135]. - Underwriters partially exercised the over-allotment option to purchase an additional 3,250,000 Units at an offering price of $10.00 per Unit, totaling $32,500,000[156]. - The cash underwriting discount paid to underwriters was $0.20 per Unit, amounting to $5,650,000 in total, with an additional deferred fee of $0.35 per Unit, totaling $9,887,500[157]. - The company intends to use substantially all funds in the Trust Account to complete its initial business combination, with the remaining proceeds used for working capital[152]. - The company may seek additional financing to complete its business combination or to redeem a significant number of Public Shares, which may involve issuing additional securities or incurring debt[154]. Share and Warrant Classification - All 28,250,000 Class A ordinary shares sold in the IPO have a redemption feature, classified outside of permanent equity due to SEC guidance[160]. - Changes in redemption value of redeemable ordinary shares are recognized immediately, adjusting the carrying value to equal the redemption value at each reporting period[161]. - Warrants are classified as either equity or liability based on specific terms, with assessments conducted at issuance and quarterly[162]. - For warrants meeting equity classification criteria, they are recorded as additional paid-in capital; otherwise, they are recorded at fair value[164]. Accounting Standards - Management does not anticipate any material effects from recently issued accounting standards on the financial statements[165].