SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2022

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of reconciliation of Class A common stock reflected on the balance sheet

At June 30, 2022 and December 31, 2021, the Class A common stock reflected in the condensed balance sheets is reconciled in the following table:

Gross proceeds	$	202,404,000
Less:
Proceeds allocated to Public Warrants		(4,579,580)
Class A common stock issuance costs		(13,092,812)
Plus:
Remeasurement of carrying value to redemption value		17,672,392
Class A common stock subject to possible redemption, December 31, 2021	$	202,404,000
Plus:
Remeasurement of carrying value to redemption value		30,420
Class A common stock subject to possible redemption, June 30, 2022	$	202,434,420

Schedule of basic and diluted net income per common share

	Three Months Ended				Three Months Ended				Six Months Ended				Six Months Ended
	June 30, 2022				June 30, 2021				June 30, 2022				June 30, 2021
	Class A		Class B		Class A		Class B		Class A		Class B		Class A		Class B
Basic and diluted net income (loss) per common stock
Numerator:
Allocation of net income (loss), as adjusted	$	2,443,448	$	610,862	$	(857,669)	$	(212,705)	$	5,931,928	$	1,482,982	$	11,079,324	$	2,747,716
Denominator:
Basic and diluted weighted average shares outstanding		20,040,000		5,010,000		20,040,000		4,970,000		20,040,000		5,010,000		20,040,000		4,970,000
Basic and diluted net income (loss) per common stock	$	0.12	$	0.12	$	(0.04)	$	(0.04)	$	0.30	$	0.30	$	0.55	$	0.55