| SPAC, Material Potential Source of Future Dilution of Shares not Tendered [Text Block] |
The following table presents all possible sources and the extent of dilution that shareholders who elect not to redeem their shares may experience in connection with the Business Combination, including sources not included in the tables above with respect to the determination of net tangible book value per share, and assumes that no PIPE Investor elects to use Class A ordinary shares held by it (if any) to satisfy its obligations under its respective Investor Stock Purchase Agreement. | | | | | | | | | | | | | | | | | | | | | | | | Voting Interests in PubCo(1) | | | | No Redemptions | | 25% Redemptions | | 50% Redemptions | | 75% Redemptions | | Maximum Redemptions | | | | Scenario(2) | | Scenario(3) | | Scenario(4) | | Scenario(5) | | Scenario(6) | | | | Shares | | % | | Shares | | % | | Shares | | % | | Shares | | % | | Shares | | % | | CGC Public Shareholders | | 27,600,000 | | 8.5 | % | 20,700,000 | | 6.5 | % | 13,800,000 | | 4.4 | % | 6,900,000 | | 2.4 | % | — | | 0.0 | % | Sponsor and DirectorCo | | 5,900,000 | | 1.8 | % | 5,900,000 | | 1.9 | % | 5,900,000 | | 1.9 | % | 5,900,000 | | 1.9 | % | 5,900,000 | | 2.0 | % | Factorial Shareholders (excluding Factorial Founders) - PubCo Series A Common Stock (7) | | 100,536,155 | | 31.1 | % | 100,536,155 | | 31.8 | % | 100,536,155 | | 32.4 | % | 100,536,155 | | 33.2 | % | 100,536,155 | | 34.0 | % | Factorial Founder Shareholders - PubCo Series B Common Stock (8) | | 15,776,088 | | 48.8 | % | 15,776,088 | | 49.9 | % | 15,776,088 | | 51.0 | % | 15,776,088 | | 52.1 | % | 15,776,088 | | 53.3 | % | PIPE Institutional Investor | | 8,250,000 | | 2.6 | % | 8,250,000 | | 2.6 | % | 8,250,000 | | 2.7 | % | 8,250,000 | | 2.7 | % | 8,250,000 | | 2.8 | % | PIPE Sponsor Investor | | 2,677,184 | | 0.8 | % | 2,677,184 | | 0.8 | % | 2,677,184 | | 0.9 | % | 2,677,184 | | 0.9 | % | 2,677,184 | | 0.9 | % | Cantor Advisory Fee | | — | | — | % | — | | — | % | — | | — | % | — | | — | % | 121,359 | | NM | | Public Warrants | | 13,800,000 | | 4.3 | % | 13,800,000 | | 4.4 | % | 13,800,000 | | 4.5 | % | 13,800,000 | | 4.6 | % | 13,800,000 | | 4.7 | % | Private Warrants(9) | | 6,800,000 | | 2.1 | % | 6,800,000 | | 2.1 | % | 6,800,000 | | 2.2 | % | 6,800,000 | | 2.2 | % | 6,800,000 | | 2.3 | % | Pro forma total shares of the PubCo Common Stock outstanding at Closing | | 181,339,427 | | 100.0 | % | 174,439,427 | | 100.0 | % | 167,539,427 | | 100.0 | % | 160,639,427 | | 100.0 | % | 153,860,786 | | 100.0 | % |
| (1) | This table reflects possible sources of dilution including: |
| a. | 20,600,000 shares of PubCo Series A Common Stock from the assumed exercise of 13,800,000 CGC Public Warrants and 6,800,000 CGC Private Warrants. The resulting 20,600,000 shares of PubCo Series A Common Stock from the assumed exercise of 13,800,000 CGC Public Warrants and 6,800,000 CGC Private Warrants are not included in the calculations below because the effect of the exercise thereof would be accretive, under the no redemptions scenario. |
| b. | 25,723,433 shares of PubCo Series A Common Stock that will be issuable upon the assumed exercise or settlement of the Factorial Options and Factorial RSUs. |
| (2) | Assumes that no CGC Public Shareholders exercise redemption rights with respect to their CGC Class A Ordinary Shares for a pro rata share of the funds in the Trust Account. |
| (3) | Assumes that 25% of Public Shares subject to redemption, or 6,900,000 Public Shares, will be redeemed by CGC Public Shareholders for an aggregate payment of approximately $71.1 million based on an estimated redemption price of $10.30 per share. |
| (4) | Assumes that 50% of Public Shares subject to redemption, or 13,800,000 Public Shares, will be redeemed by CGC Public Shareholders for an aggregate payment of approximately $142.1 million based on an estimated redemption price of $10.30 per share. |
| (5) | Assumes that 75% of Public Shares subject to redemption, or 20,700,000 Public Shares, will be redeemed by CGC Public Shareholders for an aggregate payment of approximately $213.2 million based on an estimated redemption price of $10.30 per share. |
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