NOTE 3 — INITIAL PUBLIC OFFERING

Pursuant to the Initial Public Offering, the Company sold 17,250,000 Units (including 2,250,000 Units upon the underwriters’ exercise in full of the over-allotment option) at a purchase price of $10.00 per Unit. Each Unit consists of one Class A ordinary share, one redeemable warrant (“Public Warrant”) and one right to receive one-fourth (1/4th) of one Class A ordinary share (“Right”). Each Public Warrant is entitled the holder to purchase one Class A ordinary share at a price of $11.50 per full share, subject to adjustment. No fractional rights will be issued upon separation of the Units and only whole rights will trade (see Note 7).