The company completed its IPO of 23,000,000 units at $10.00 per unit, raising $230,000,000 in gross proceeds. Each unit consists of one Class A ordinary share and one-third of one redeemable warrant, with each whole warrant exercisable at $11.50. A simultaneous private placement of 6,300,000 warrants to the sponsor and underwriters generated an additional $6,300,000. Total proceeds of $230,000,000 have been placed in a U.S.-based trust account to be used for a future business combination. The company has 24 months from the closing date to complete an initial business combination.