On March 18, 2021, the Company consummated its Initial Public Offering of 97,750,000 Units, including 12,750,000 Over-Allotment Units, at $10.00 per Unit, generating gross proceeds of $977.5 million, and incurring offering costs of approximately $54.5 million, of which approximately $34.2 million and approximately $18,000 was for deferred underwriting commissions and deferred legal fees, respectively.

Each Unit consisted of one Class A ordinary share and of one redeemable warrant (“Public Warrant”). Each we Public Warrant will entitle the holder to purchase one Class A ordinary share at an ise price of $11.50 per share, subject to adjustment (see Note 7).