Derivative Warrant Liabilities - Additional Information (Detail) |
6 Months Ended |
---|---|
Jun. 30, 2021
$ / shares
shares
| |
Warrant expire term | 5 years |
Gross proceeds price percentage | 60.00% |
Warrants description | the volume weighted average trading price of Class A ordinary shares during the 20 trading day period starting on the trading day prior to the day on which the Company consummates its initial business Combination (such price, the “Market Value”) was below $9.20 per share, the exercise price of the warrants would be adjusted (to the nearest cent) to be equal to 115% of the higher of the Market Value and the Newly Issued Price, the $18.00 per share redemption trigger price described below under “Redemption of warrants when the price per Class A ordinary share equals or exceeds $18.00” and “Redemption of warrants when the price per Class A ordinary share equals or exceeds $10.00” will be adjusted (to the nearest cent) to be equal to 180% of the higher of the Market Value and the Newly Issued Price, and the $10.00 per share redemption trigger price described below under “Redemption of warrants when the price per Class A ordinary share equals or exceeds $10.00” will be adjusted (to the nearest cent) to be equal to the higher of the Market Value and the Newly Issued Price |
Private Placement [Member] | |
Warrant exercise price (in Dollars per share) | $ 1.50 |
Warrants [Member] | |
Warrant exercise price (in Dollars per share) | 11.50 |
Share issued price per share (in Dollars per share) | $ 9.20 |
Public Warrants [Member] | |
Class of Warrant or Right, Outstanding | shares | 17,250,000 |
Private Placement Warrants [Member] | |
Class of Warrant or Right, Outstanding | shares | 11,533,333 |
Class A Ordinary Shares | Private Placement [Member] | |
Warrant exercise price (in Dollars per share) | $ 11.50 |
Warrants for redemption, description | 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 (except as described herein with respect to the Private Placement 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 by reference to an agreed table based on the redemption date and the “fair market value” of Class A ordinary shares; • if, and only if, the Reference Value equals or exceeds $10.00 per share (as adjusted); and • if the Reference Value is less than $18.00 per share (as adjusted), the Private Placement Warrants must also concurrently be called for redemption on the same terms as the outstanding Public Warrants, as described above. The “fair market value” of Class A ordinary shares shall mean the volume-weighted average price of Class A ordinary shares for the 10 trading days following the date on which the notice of redemption is sent to the holders of warrants. In no event will the warrants be exercisable in connection with this redemption feature for more than 0.361 Class A ordinary shares per warrant (subject to adjustment). |