Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2023

Schedule of Class A Ordinary Shares Reflected in the Condensed Balance Sheets

At September 30, 2023 and December 31, 2022, the Class A ordinary shares reflected in the condensed balance sheets are reconciled in the following table:

Class A ordinary shares subject to possible redemptions at December 31, 2021	$	450,000,000
Plus:
Accretion of carrying value to redemption value		6,427,534

Class A ordinary shares subject to possible redemptions at December 31, 2022	$	456,427,534

Less:
Redemption of Class A ordinary shares		(419,974,456	)
Plus:
Accretion of carrying value to redemption value		4,561,563

Class A ordinary shares subject to possible redemptions at September 30, 2023	$	41,014,641

Schedule of Table Reflects the Calculation of Basic and Diluted Net Income per Ordinary Share

The following table reflects the calculation of basic and diluted net income per ordinary share (in dollars, except per share amounts):

	Three Months Ended September 30,				Three Months Ended September 30,				Nine Months Ended September 30,				Nine Months Ended September 30,
	2023				2022				2023				2022
	Class A		Class B		Class A		Class B		Class A		Class B		Class A		Class B
Basic and diluted net income per ordinary share
Numerator:
Allocation of net income, as adjusted	$	324,794	$	—	$	1,505,903	$	367,492	$	3,181,515	$	368,658	$	1,713,740	$	418,212
Denominator:
Basic and diluted weighted average shares outstanding		16,256,826		—		46,100,000		11,250,000		23,471,659		2,719,780		46,100,000		11,250,000

Basic and diluted net income per ordinary share	$	0.02	$	—	$	0.03	$	0.03	$	0.14	$	0.14	$	0.04	$	0.04

Vector Acquisition Corp II 10-Q