Quarterly report pursuant to Section 13 or 15(d)

Initial Public Offering

v3.21.1
Initial Public Offering
3 Months Ended
Mar. 31, 2021
Public Offering [Abstract]  
Initial Public Offering
Note 3—Initial Public Offering
On September 21, 2020, the Company consummated its Initial Public Offering of 69,000,000 Units, including 9,000,000 Over-Allotment Units, at $10.00 per Unit, generating gross proceeds of $690.0 million, and incurring offering costs of approximately $38.8 million, inclusive of approximately $24.2 million in deferred underwriting commissions.
Each Unit consists of one Class A ordinary share and
one-quarter of
one redeemable warrant (“Public Warrant”). Each whole Public Warrant will entitle the holder to purchase one Class A ordinary share at an exercise price of $11.50 per share, subject to adjustment (see Note 6).