Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2022

As of September 30, 2022 and December 31, 2021, Class A ordinary shares reflected on the condensed consolidated balance sheets are reconciled in the following table:


Gross proceeds from sale of Class A ordinary shares	$	690,000,000
Less: Allocation to public warrants		(28,635,000	)
Less: Issuance costs attributable to Class A ordinary shares		(37,123,549	)
Adjustment of Class A ordinary shares to redemption value		65,758,549

Class A ordinary shares subject to possible redemption	$	690,000,000

Schedule of Earnings Per Share, Basic and Diluted

The Company’s basic and diluted earnings (loss) per share are calculated as follows:


	For The Three Months Ended September 30, 2022 (Unaudited)		For The Three Months Ended September 30, 2021 (Unaudited)		For The Nine Months Ended September 30, 2022 (Unaudited)		For The Nine Months Ended September 30, 2021 (Unaudited)
Class A Ordinary Shares Subject to Possible Redemption
Net earnings (loss) allocable to Class A ordinary shares	$	5,165,027	$	2,824,968	$	19,876,347	$	(6,196,083	)
Basic and diluted weighted average shares outstanding, Class A ordinary shares		69,000,000		69,000,000		69,000,000		53,835,165

Basic and diluted net earnings (loss) per share, Class A ordinary shares subject to possible redemption	$	0.07	$	0.04	$	0.29	$	(0.12	)

Class B Ordinary Shares
Net earnings (loss) allocable to Class B ordinary shares	$	1,106,791	$	605,350	$	4,259,217	$	(1,701,741	)
Basic and diluted weighted average shares outstanding, Class B ordinary shares		14,785,715		14,785,715		14,785,715		14,785,715

Basic and diluted net earnings (loss) per share, Class B ordinary shares	$	0.07	$	0.04	$	0.29	$	(0.12	)

Class C Ordinary Shares
Net earnings (loss) allocable to Class C ordinary shares	$	1,106,791	$	605,350	$	4,259,217	$	(1,701,741	)
Basic and diluted weighted average shares outstanding, Class C ordinary shares		14,785,715		14,785,715		14,785,715		14,785,715

Basic and diluted net earnings (loss) per share, Class C ordinary shares	$	0.07	$	0.04	$	0.29	$	(0.12	)

Austerlitz Acquisition Corp I 10-Q