Gross Proceeds

$

276,000,000

Less:

Proceeds allocated to public warrants

(12,834,000)

Common stock issuance cost

(15,660,526)

Plus:

Accretion of carrying value to redemption value

32,634,526

Common Stock subject to possible redemption, December 31, 2021

$

280,140,000

Accretion – increase in redemption value of common stock subject to redemption

3,055,443

Common Stock subject to possible redemption, December 31, 2022

$

283,195,443