Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2021

Schedule of class A ordinary shares reflected in the condensed balance sheet

Gross proceeds	$	299,000,000
Less:
Class A ordinary shares issuance costs	$	(14,175,907	)
Plus:
Accretion of carrying value to redemption value	$	14,175,907

Class A ordinary shares subject to possible redemption	$	299,000,000

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

	Three Months Ended September 30, 2021				Three Months Ended September 30, 2020				Nine Months Ended September 30, 2021						For the Period from June 24, 2020 (Inception) through September 30, 2020
	Class A		Class B		Class A		Class B		Class A			Class B			Class A		Class B
Basic and diluted net income (loss) per ordinary share
Numerator:
Allocation of net income (loss), as adjusted	$	4,340,772	$	1,226,740	$	—		—	$	(5,766,775	)	$	(1,441,694	)	$	—	$	(10,000	)
Denominator:
Basic and diluted weighted average shares outstanding		29,900,000		7,475,000		—		—		26,833,333			7,375,000			—		—
Basic and diluted net income (loss) per ordinary share	$	0.15	$	0.15	$	—		—	$	(0.20	)	$	(0.20	)	$	—	$	—

- Definition

Tabular disclosure of the nature and terms of the financial instruments and the rights and obligations embodied in those instruments, information about settlement alternatives, if any, in the contract and identification of the entity that controls the settlement alternatives including: a. The amount that would be paid, or the number of shares that would be issued and their fair value, determined under the conditions specified in the contract if the settlement were to occur at the reporting date b. How changes in the fair value of the issuer's equity shares would affect those settlement amounts (for example, "the issuer is obligated to issue an additional x shares or pay an additional y dollars in cash for each $1 decrease in the fair value of one share") c. The maximum amount that the issuer could be required to pay to redeem the instrument by physical settlement, if applicable d. The maximum number of shares that could be required to be issued, if applicable e. That a contract does not limit the amount that the issuer could be required to pay or the number of shares that the issuer could be required to issue, if applicable f. For a forward contract or an option indexed to the issuer's equity shares, the forward price or option strike price, the number of issuer's shares to which the contract is indexed, and the settlement date or dates of the contract, as applicable. g. The components of the liability that would otherwise be related to shareholders' interest and other comprehensive income (if any) subject to the redemption feature (for example, par value and other paid in amounts of mandatorily redeemable instruments are disclosed separately from the amount of retained earnings or accumulated deficit).

+ References + Details

Bridgetown 2 Holdings Ltd 10-Q/A