XML 13 R2.htm IDEA: XBRL DOCUMENT v3.22.0.1
Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current assets    
Cash $ 36,042 $ 1,054,211
Prepaid expenses 239,706 503,683
Total Current Assets 275,748 1,557,894
Marketable securities held in Trust Account 250,008,357 250,001,576
TOTAL ASSETS 250,284,105 251,559,470
LIABILITIES AND STOCKHOLDERS’ DEFICIT    
Accrued expenses 2,452,673 61,669
Promissory note – related party 300,000
Total Current Liabilities 2,752,673 61,669
Warrant Liabilities 21,480,268 17,304,801
Deferred underwriting fee payable 10,640,000 10,640,000
TOTAL LIABILITIES 34,872,941 28,006,470
Commitments and Contingencies
Class A common stock subject to possible redemption, 25,000,000 shares as of December 31, 2021 and 2020, respectively (at $10.00 per share) 250,000,000 250,000,000
Stockholders’ Deficit    
Preferred stock, $0.0001 par value; 1,000,000 shares authorized, none issued and outstanding
Class A common stock, $0.0001 par value; 100,000,000 shares authorized; 640,000 issued and outstanding (excluding 25,000,000 shares subject to possible redemption) as of December 31, 2021 and 2020, respectively 64 64
Class B common stock, $0.0001 par value; 10,000,000 shares authorized; 8,546,667 shares issued and outstanding at December 31, 2021 and 2020, respectively 855 855
Additional paid-in capital
Accumulated deficit (34,589,755) (26,447,919)
Total Stockholders’ Deficit (34,588,836) (26,447,000)
Total Liabilities and Stockholders’ Deficit $ 250,284,105 $ 251,559,470