XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.2
CONDENSED BALANCE SHEETS - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Current assets    
Cash $ 331,939 $ 544,121
Prepaid expenses 51,624 65,625
Total Current Assets 383,563 609,746
Cash and marketable securities held in Trust Account 202,635,851 202,523,092
TOTAL ASSETS 203,019,414 203,132,838
Current liabilities    
Accrued expenses 295,242 371,345
Income taxes payable 21,563  
Promissory note - related party 185,047 185,047
Total Current Liabilities 501,852 556,392
Warrant liabilities 1,250,075 8,723,869
Deferred underwriting fee payable 7,014,000 7,014,000
TOTAL LIABILITIES 8,765,927 16,294,261
Commitments
Class A common stock subject to possible redemption, par value $0.0001; 100,000,000 shares authorized; 20,040,000 shares at redemption value of $10.10 per share at June 30, 2022 and $10 per share at December 31, 2021 202,434,420 202,404,000
Stockholders' Deficit    
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; no shares issued and outstanding
Accumulated deficit (8,181,434) (15,565,924)
Total Stockholders' Deficit (8,180,933) (15,565,423)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT 203,019,414 203,132,838
Class B common stock    
Stockholders' Deficit    
Common stock $ 501 $ 501