v3.22.2.2

Condensed Balance Sheets - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Current assets:
Cash	$ 152,637	$ 664,972
Prepaid expenses	324,157	803,572
Total current assets	476,794	1,468,544
Investments held in Trust Account	551,993,272	548,786,670
Total Assets	552,470,066	550,255,214
Current liabilities:
Accounts payable	593,905	196,597
Accrued expenses	2,188,510	1,666,644
Total current liabilities	2,782,415	1,863,241
Derivative warrant liabilities	1,278,380	20,291,670
Deferred underwriting commissions	19,206,250	19,206,250
Total liabilities	23,267,045	41,361,161
Commitments and Contingencies
Shareholders' Equity (Deficit):
Preferred Stock, Value
Additional paid-in capital	0	0
Accumulated deficit	(22,691,623)	(39,857,319)
Total shareholders' equity (deficit)	(22,690,251)	(39,855,947)
Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption and Shareholders' Equity (Deficit)	552,470,066	550,255,214
Common Class A [Member]
Current liabilities:
Class A ordinary shares subject to possible redemption	551,893,272	548,750,000
Shareholders' Equity (Deficit):
Common Stock, Value	0	0
Common Class B [Member]
Shareholders' Equity (Deficit):
Common Stock, Value	$ 1,372	$ 1,372

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Warburg Pincus Capital Corp I-B 10-Q