0001213900-21-038806 | 10-Q | XBRL Viewer | Capitol Investment Corp V

Document And Entity Information - shares	6 Months Ended
Document And Entity Information - shares	Jun. 30, 2021	Jul. 27, 2021
Document Information Line Items
Entity Registrant Name	CAPITOL INVESTMENT CORP. V
Trading Symbol	CAP
Document Type	10-Q
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		8,625,000
Amendment Flag	false
Entity Central Index Key	0001722438
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Document Period End Date	Jun. 30, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Shell Company	true
Entity Ex Transition Period	false
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	001-39754
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	84-1956909
Entity Address, Address Line One	1300 17th Street
Entity Address, Address Line Two	Suite 820
Entity Address, City or Town	Arlington
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	22209
City Area Code	(202)
Local Phone Number	654-7060
Title of 12(b) Security	Class A common stock, par value $0.0001 per share
Security Exchange Name	NYSE
Entity Interactive Data Current	Yes

Label	Element	Value
SponsorDescription	cic_SponsorDescription	The Sponsors have agreed that they will be liable jointly and severally to the Company if and to the extent any claims by a third party for services rendered or products sold to the Company, or a prospective target business with which the Company has entered into a written letter of intent, confidentiality or other similar agreement or business combination agreement, reduce the amount of funds in the Trust Account to below the lesser of (i) $10.00 per Public Share and (ii) the actual amount per share held in the Trust Account as of the date of the liquidation of the Trust Account, if less than $10.00 per share due to reductions in the value of the trust assets, less taxes payable, provided that such liability will not apply to any claims by a third party or prospective target business who executed a waiver of any and all rights to the monies held in the Trust Account (whether or not such waiver is enforceable) nor will it apply to any claims under the Company’s indemnity of the underwriters of the Initial Public Offering against certain liabilities, including liabilities under the Securities Act of 1933, as amended (the “Securities Act”). However, there can be no assurance that they will be able to satisfy those obligations should they arise.
FounderShares	cic_FounderShares	1,125,000
SponsorsHoldingShares	cic_SponsorsHoldingShares	8,625,000
CommonStockSubjectToPossibleRedemptionValue	cic_CommonStockSubjectToPossibleRedemptionValue	$ 345,000,000
ContingentFees	cic_ContingentFees	$ 2,963,000
NumberIncludesAnAggregate	cic_NumberIncludesAnAggregate	1,125,000
NetIncomeAllocableToClassACommonStockSubjectToPossibleRedemption	cic_NetIncomeAllocableToClassACommonStockSubjectToPossibleRedemption
NetIncomeAllocableToClassACommonStockSubjectToPossibleRedemption	cic_NetIncomeAllocableToClassACommonStockSubjectToPossibleRedemption
NetIncomeAllocableToClassACommonStockSubjectToPossibleRedemption	cic_NetIncomeAllocableToClassACommonStockSubjectToPossibleRedemption
NetIncomeAllocableToClassACommonStockSubjectToPossibleRedemption	cic_NetIncomeAllocableToClassACommonStockSubjectToPossibleRedemption
DeferredUnderwritingFee	cic_DeferredUnderwritingFee	$ 12,075,000
TransferRestrictionsOnClassBShares	cic_TransferRestrictionsOnClassBShares	The holders of the founder shares have agreed that the founder shares will not be transferred, assigned or sold until one year after the date of the consummation of an initial Business Combination or earlier if, subsequent to an initial Business Combination, (i) the last sales price of the Company’s Class A common stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations and recapitalizations) for any 20 trading days within any 30-trading day period commencing at least 150 days after the initial Business Combination or (ii) the Company consummates a subsequent liquidation, merger, stock exchange or other similar transaction which results in all of the Company’s stockholders having the right to exchange their common stock for cash, securities or other property.
ConvertibleLoansIntoWarrants	cic_ConvertibleLoansIntoWarrants	$ 2,000,000
OtherOfferingCost	cic_OtherOfferingCost	494,085
InterestEarnedMarketableSecuritiesHeldInTrustAccount	cic_InterestEarnedMarketableSecuritiesHeldInTrustAccount	5,686
InterestEarnedMarketableSecuritiesHeldInTrustAccount	cic_InterestEarnedMarketableSecuritiesHeldInTrustAccount	53,045
InterestEarnedMarketableSecuritiesHeldInTrustAccount	cic_InterestEarnedMarketableSecuritiesHeldInTrustAccount
InterestEarnedMarketableSecuritiesHeldInTrustAccount	cic_InterestEarnedMarketableSecuritiesHeldInTrustAccount
AggregateAnnualFees	cic_AggregateAnnualFees	$ 74,167
BasicAndDilutedWeightedAverageSharesNonredeemableOrdinarySharesinShares	cic_BasicAndDilutedWeightedAverageSharesNonredeemableOrdinarySharesinShares	30,465,565
BasicAndDilutedWeightedAverageSharesNonredeemableOrdinarySharesinShares	cic_BasicAndDilutedWeightedAverageSharesNonredeemableOrdinarySharesinShares	30,157,984
BasicAndDilutedWeightedAverageSharesNonredeemableOrdinarySharesinShares	cic_BasicAndDilutedWeightedAverageSharesNonredeemableOrdinarySharesinShares
BasicAndDilutedWeightedAverageSharesNonredeemableOrdinarySharesinShares	cic_BasicAndDilutedWeightedAverageSharesNonredeemableOrdinarySharesinShares
AggregateSuccessFees	cic_AggregateSuccessFees	$ 1,380,000
InterestEarnedOnMarketableSecuritiesHeldInTrustAccount	cic_InterestEarnedOnMarketableSecuritiesHeldInTrustAccount	53,045
InterestEarnedOnMarketableSecuritiesHeldInTrustAccount	cic_InterestEarnedOnMarketableSecuritiesHeldInTrustAccount
UnderwritingFee	cic_UnderwritingFee	6,900,000
NetTangibleAssets	cic_NetTangibleAssets	5,000,001
AdvancesFromRelatedParties	cic_AdvancesFromRelatedParties	1,800
AdvancesFromRelatedParties	cic_AdvancesFromRelatedParties
AdditionalUnsecuredPromissoryNote	cic_AdditionalUnsecuredPromissoryNote	50,000
IncurredPaidAmount	cic_IncurredPaidAmount	222,500
IncurredPaidAmount	cic_IncurredPaidAmount	411,000
CashWithdrawnFromTrustAccountForFranchiseTaxesPurposes	cic_CashWithdrawnFromTrustAccountForFranchiseTaxesPurposes	51,661
CashWithdrawnFromTrustAccountForFranchiseTaxesPurposes	cic_CashWithdrawnFromTrustAccountForFranchiseTaxesPurposes
OutstandingUnderSuchPromissoryNotes	cic_OutstandingUnderSuchPromissoryNotes	250,000
FairValueOfWarrants	cic_FairValueOfWarrants	7,700,000
FairValueOfWarrants	cic_FairValueOfWarrants	10,300,000
FairValueOfWarrants	cic_FairValueOfWarrants	15,200,000
FairValueOfWarrants	cic_FairValueOfWarrants	20,400,000
AdditionalLoans	cic_AdditionalLoans	756,000
AdditionalLoans	cic_AdditionalLoans	627,000
AdditionalLoans	cic_AdditionalLoans	756,000
AdditionalLoans	cic_AdditionalLoans	627,000
AdvancesFromRelatedParty	cic_AdvancesFromRelatedParty	(1,800)
AdvancesFromRelatedParty	cic_AdvancesFromRelatedParty
AggregatePurchasePrice	cic_AggregatePurchasePrice	300,000,000
WarrantLiabilitiesExpanses	cic_WarrantLiabilitiesExpanses	$ 873,424
ClosingTransactionTerm	cic_ClosingTransactionTerm	30 years
OfferingCostsPaidBySponsorInExchangeForIssuanceOfFounderShares	cic_OfferingCostsPaidBySponsorInExchangeForIssuanceOfFounderShares	$ 25,000
OfferingCostsPaidBySponsorInExchangeForIssuanceOfFounderShares	cic_OfferingCostsPaidBySponsorInExchangeForIssuanceOfFounderShares
AggregateAmountOfCommonStockShares	cic_AggregateAmountOfCommonStockShares	300,000,000
DeferredUnderwritingFeePayables	cic_DeferredUnderwritingFeePayables	2,500
DeferredUnderwritingFeePayables	cic_DeferredUnderwritingFeePayables
ChangeInValueOfClassACommonStockSubjectToPossibleRedemption	cic_ChangeInValueOfClassACommonStockSubjectToPossibleRedemption	46,530,150
ChangeInValueOfClassACommonStockSubjectToPossibleRedemption	cic_ChangeInValueOfClassACommonStockSubjectToPossibleRedemption
ChangeInValueOfClassACommonStockSubjectToPossibleRedemptioninShares	cic_ChangeInValueOfClassACommonStockSubjectToPossibleRedemptioninShares	(618,580)
ChangeInValueOfClassACommonStockSubjectToPossibleRedemptioninShares	cic_ChangeInValueOfClassACommonStockSubjectToPossibleRedemptioninShares	618,850
ChangeInValueOfClassACommonStockSubjectToPossibleRedemptioninShares	cic_ChangeInValueOfClassACommonStockSubjectToPossibleRedemptioninShares	(4,034,435)
ChangeInValueOfClassACommonStockSubjectToPossibleRedemptioninShares	cic_ChangeInValueOfClassACommonStockSubjectToPossibleRedemptioninShares	4,034,435
ChangeInValueOfClassACommonStockSubjectToPossibleRedemptioninShares	cic_ChangeInValueOfClassACommonStockSubjectToPossibleRedemptioninShares
ChangeInValueOfClassACommonStockSubjectToPossibleRedemptioninShares	cic_ChangeInValueOfClassACommonStockSubjectToPossibleRedemptioninShares
ChangeInValueOfClassACommonStocksSubjectToPossibleRedemption	cic_ChangeInValueOfClassACommonStocksSubjectToPossibleRedemption	$ (62)
ChangeInValueOfClassACommonStocksSubjectToPossibleRedemption	cic_ChangeInValueOfClassACommonStocksSubjectToPossibleRedemption	(6,185,738)
ChangeInValueOfClassACommonStocksSubjectToPossibleRedemption	cic_ChangeInValueOfClassACommonStocksSubjectToPossibleRedemption	(6,185,800)
ChangeInValueOfClassACommonStocksSubjectToPossibleRedemption	cic_ChangeInValueOfClassACommonStocksSubjectToPossibleRedemption	6,185,800
ChangeInValueOfClassACommonStocksSubjectToPossibleRedemption	cic_ChangeInValueOfClassACommonStocksSubjectToPossibleRedemption	(403)
ChangeInValueOfClassACommonStocksSubjectToPossibleRedemption	cic_ChangeInValueOfClassACommonStocksSubjectToPossibleRedemption	(7,469,090)
ChangeInValueOfClassACommonStocksSubjectToPossibleRedemption	cic_ChangeInValueOfClassACommonStocksSubjectToPossibleRedemption	(32,874,857)
ChangeInValueOfClassACommonStocksSubjectToPossibleRedemption	cic_ChangeInValueOfClassACommonStocksSubjectToPossibleRedemption	(40,344,350)
ChangeInValueOfClassACommonStocksSubjectToPossibleRedemption	cic_ChangeInValueOfClassACommonStocksSubjectToPossibleRedemption	40,344,350
ChangeInValueOfClassACommonStocksSubjectToPossibleRedemption	cic_ChangeInValueOfClassACommonStocksSubjectToPossibleRedemption
ChangeInValueOfClassACommonStocksSubjectToPossibleRedemption	cic_ChangeInValueOfClassACommonStocksSubjectToPossibleRedemption
ChangeInValueOfClassACommonStocksSubjectToPossibleRedemption	cic_ChangeInValueOfClassACommonStocksSubjectToPossibleRedemption
PreferredSharesIssued	cic_PreferredSharesIssued	0
PreferredSharesIssued	cic_PreferredSharesIssued	0
PreferredSharesOutstanding	cic_PreferredSharesOutstanding	0
PreferredSharesOutstanding	cic_PreferredSharesOutstanding	0
DeferredUnderwritingPayable	cic_DeferredUnderwritingPayable	$ 12,075,000
DeferredUnderwritingPayable	cic_DeferredUnderwritingPayable	12,075,000
DissolutionExpenses	cic_DissolutionExpenses	100,000
OutstandingBalanceOfPromissoryNote	cic_OutstandingBalanceOfPromissoryNote	700,000
WarrantLiabilities	cic_WarrantLiabilities	22,880,000
WarrantLiabilities	cic_WarrantLiabilities	30,680,000
ProceedsFromIssuanceOfPrivatePlacementGross	cic_ProceedsFromIssuanceOfPrivatePlacementGross	345,000,000
ProceedsFromIssuanceOfPrivatePlacementGross	cic_ProceedsFromIssuanceOfPrivatePlacementGross	$ 8,750,000
EmergingGrowthDescription	cic_EmergingGrowthDescription	(1) the market value of its Class A common stock held by non-affiliates exceeds $250 million as of the end of that fiscal year’s second fiscal quarter, or (2) the Company’s annual revenues exceeded $100 million during such completed fiscal year and the market value of its Class A common stock held by non-affiliates exceeds $700 million as of the end of that fiscal year’s second fiscal quarter.
WorkingCapital	cic_WorkingCapital	$ 634,140
CommonStockSubjectToPossibleRedemptionShares	cic_CommonStockSubjectToPossibleRedemptionShares	34,500,000
CommonStockSubjectToPossibleRedemptionShares	cic_CommonStockSubjectToPossibleRedemptionShares	29,846,985
FormationAndOperatingCosts	cic_FormationAndOperatingCosts	$ 858,357
FormationAndOperatingCosts	cic_FormationAndOperatingCosts	277
FormationAndOperatingCosts	cic_FormationAndOperatingCosts	1,998,077
FormationAndOperatingCosts	cic_FormationAndOperatingCosts	297
DividendPrice	cic_DividendPrice	$ 25,000

Summary of Significant Accounting Policies (Details) - Schedule of basic and diluted net loss per common stock - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Numerator: Earnings allocable to Class A common stock subject to possible redemption
Basic and diluted weighted average shares outstanding (in Shares)	30,465,565		30,157,984
Numerator: Earnings allocable to non-redeemable common stock
Less: Net income allocable to Class A common stock subject to possible redemption
Basic and diluted weighted average shares outstanding, Non-redeemable common stock (in Shares)	12,659,435	7,500,000	12,967,016	7,500,000

Initial Public Offering (Details)	6 Months Ended
Initial Public Offering (Details)	Jun. 30, 2021 shares
Initial Public Offering (Details) [Line Items]
Description of warrants	Once the Warrants become exercisable, the Company may call the Warrants for redemption: ●in whole and not in part; ●at a price of $0.01 per Warrant; ●upon not less than 30 days’ prior written notice of redemption to each Warrant holder; and ●if, and only if, the last reported sale price of the Class A common stock equals or exceeds $18.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like and for certain issuances of Class A common stock and equity-linked securities as described above) for any 20 trading days within a 30-trading day period ending three business days before the Company sends to the notice of redemption to the Warrant holders.
Description of warrants	Once the Warrants become exercisable, the Company may redeem the outstanding Warrants: ●in whole and not in part; ●at $0.10 per Warrant upon a minimum of 30 days’ prior written notice of redemption; provided that holders will be able to exercise their Warrants prior to redemption and receive a number of shares based on the redemption date and the “fair market value” of Class A common stock except as otherwise described below; ●if, and only if, the last reported sale price of Class A common stock equals or exceeds $10.00 per share (as adjusted per stock splits, stock dividends, reorganizations, reclassifications, recapitalizations and the like and for certain issuances of Class A common stock and equity-linked securities as described above) on the trading day prior to the date on which the Company sends the notice of redemption to the Warrant holders; and ●if, and only if, the last reported sale price of Class A common stock is less than $18.00 per share (as adjusted for stock for stock splits, stock dividends, reorganizations, recapitalizations and the like and for certain issuances of Class A common stock and equity-linked securities), the Private Placement Warrants are also concurrently called for redemption on the same terms as the outstanding Warrants, as described above.
Warrants be exercisable (in Shares)	0.361

Private Placement (Details)	6 Months Ended
Private Placement (Details)	Jun. 30, 2021 shares
Private Placement (Details) [Line Items]
Aggregate purchase of founder warrants (in Shares)	5,833,333

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Cover Document And Entity Information Notes Details Summary of Significant Accounting Policies (Details) - Schedule of basic and diluted net loss per common stock Initial Public Offering (Details) Private Placement (Details) Uncategorized Uncategorized Items - f10q0621_capitolinvest5_htm.xml All Reports