Summary of Significant Accounting Policies And Basis of Presentation (Tables)

12 Months Ended

Dec. 31, 2021

Summary of Class A Common Stock Subject To Redemption

As of December 31, 2021, Class A ordinary shares subject to redemption reflected on the balance sheet are reconciled in the following table:


Gross proceeds from sale of Class A ordinary shares	$	1,380,000,000
Less: Allocation to public warrants		(57,270,000	)
Less: Issuance costs attributable to Class A ordinary shares		(73,537,770	)
Adjustment of Class A ordinary shares to redemption value		130,807,770

Class A ordinary shares subject to possible redemption	$	1,380,000,000

Schedule Of Earnings Per Share Basic And Diluted

The Company’s basic and diluted earnings per share are calculated as follows:


	For The Period From January 5, 2021 (Inception) Through December 31, 2021
Redeemable Class A Ordinary Shares
Net earnings allocable to redeemable Class A ordinary shares	$	19,201,387
Basic and diluted weighted average shares outstanding, redeemable Class A ordinary shares		116,592,798

Basic and diluted net earnings per share, redeemable Class A ordinary shares	$	0.16

Non-Redeemable Class B Ordinary Shares
Net earnings allocable to non-redeemable Class B ordinary shares	$	4,879,047
Basic and diluted weighted average shares outstanding, non-redeemable Class B ordinary shares		29,571,428

Basic and diluted net earnings per share, non-redeemable Class B ordinary shares	$	0.16

Non-Redeemable Class C Ordinary Shares
Net income allocable to non-redeemable Class C Ordinary Shares	$	4,879,047
Basic and diluted weighted average shares outstanding, non-redeemable Class C ordinary shares		29,571,428

Basic and diluted weighted average shares outstanding, Non-Redeemable Class C	$	0.16

Summary of Restatement and Error Corrections in Financial Statement

The impact of the restatement of the Company’s audited balance sheet as of March 2, 2021, the date we closed our IPO, is reflected in the following table:


	March 2, 2021
	As reported			Adjustment			Restated
Warrant liability	$	—		$	92,592,666		$	92,592,666
Total liabilities		48,607,074			94,761,324			143,368,398
Class A ordinary shares subject to possible redemption (temporary equity)		1,327,952,490			52,047,510			1,380,000,000
Shareholders’ Equity:
Class A ordinary shares		520			(520	)		—
Additional paid-in capital		5,006,505			(5,006,505	)		—
Accumulated deficit		(12,938	)		(141,801,809	)		(141,814,747	)

Total Shareholders’ Equity	$	5,000,001		$	(146,808,834	)	$	(141,808,833	)

Austerlitz Acquisition Corp II 10-K