NOTE 8. CLASS A SHARES SUBJECT TO POSSIBLE REDEMPTION

The Company’s Class A shares feature certain redemption rights that are considered to be outside of the Company’s control and subject to the occurrence of future events. The Company is authorized to issue 500,000,000 shares of Class A shares with a par value of $0.0001 per share. Holders of the Company’s Class A shares are entitled to one vote for each share. As of December 31, 2021, there were 28,750,000 Class A shares outstanding which were subject to possible redemption and are classified outside of permanent equity in the balance sheet.