Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2022

Summary of shares subject to possible redemption

At September 30, 2022 and December 31, 2021, the Class A ordinary shares subject to possible redemption as reflected in the condensed balance sheets are reconciled in the following table:


Gross proceeds	$	287,500,000
Less:
Proceeds allocated to Public Warrants		250,000,000
Class A ordinary shares issuance costs		(37,500,000	)
Plus:
Accretion of carrying value to redemption amount		(212,500,000	)

Class A ordinary shares subject to possible redemption, December 31, 2021		287,500,000
Plus:
Accretion of carrying value to redemption amount		1,235,171

Class A ordinary shares subject to possible redemption, September 30, 2022	$	288,735,171

Schedule of basic and diluted net income (loss) per ordinary share

The following table reflects the calculation of basic and diluted net income per ordinary share (in dollars, except per share amounts):


	For the Three Months Ended September 30,								For the Nine Months Ended September 30,
	2022				2021				2022				2021
	Class A		Class B		Class A		Class B		Class A		Class B		Class A		Class B
Basic and diluted net income per ordinary share
Numerator:
Allocation of net income	$	512,326	$	128,081	$	1,772,412	$	443,103	$	5,201,305	$	1,300,326	$	6,852,018	$	1,836,248
Denominator:
Basic and diluted weighted average shares outstanding		28,750,000		7,187,500		28,750,000		7,187,500		28,750,000		7,187,500		26,538,462		7,111,951

Basic and diluted net income per ordinary share	$	0.02	$	0.02	$	0.06	$	0.06	$	0.18	$	0.18	$	0.26	$	0.26

TZP Strategies Acquisition Corp. 10-Q