SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2022

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES.

Schedule of reconciliation of Class A common stock reflected in the condensed balance sheet

Gross proceeds	$	276,000,000
Less:
Proceeds allocated to public warrants		(10,626,000)
Class A common stock issuance costs		(15,239,420)
Plus:
Accretion of carrying value to redemption value		28,625,420
Class A common stock subject to possible redemption, December 31, 2021		278,760,000
Plus:
Accretion of carrying value to redemption value		242,995
Less:
Redemption		(269,528,286)
Class A ordinary shares subject to redemption, September 30, 2022	$	9,474,709

Schedule of Reconciliation of net income per common share

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

	Three Months Ended				Three Months Ended				Nine Months Ended				Nine Months Ended
	September 30, 2022				September 30, 2021				September 30, 2022				September 30, 2021
	Class A		Class B		Class A		Class B		Class A		Class B		Class A		Class B
Basic and diluted net income per common share
Numerator:
Allocation of net income	$	104,401	$	767,907	$	3,388,709	$	847,177	$	13,256,855	$	5,555,069	$	4,201,084	$	1,050,271
Denominator:
Basic and diluted weighted average shares outstanding		938,090		6,900,000		27,600,000		6,900,000		16,466,455		6,900,000		27,600,000		6,900,000
Basic and diluted net income per common stock	$	0.11	$	0.11	$	0.12	$	0.12	$	0.81	$	0.81	$	0.15	$	0.15