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Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash $ 913,000 $ 72,000
Deferred offering costs 179,000
Total current assets 913,000 251,000
Investments held in trust account 345,039,000
Total assets 345,952,000 251,000
Current liabilities:    
Accounts payable 99,000 4,000
Accrued liabilities 6,846,000 75,000
Note payable to Sponsor 150,000
Deferred compensation 383,000
Accrued income and franchise taxes 200,000
Total current liabilities 7,528,000 229,000
Other liabilities:    
Warrant liability 12,913,000  
Deferred underwriting compensation 12,075,000
Total liabilities 32,516,000 229,000
Commitments and contingencies
Class A common stock subject to possible redemption; 34,500,000 and -0- shares at December 31, 2021 and 2020, respectively, (at redemption value of approximately $10.00 per share) 345,000,000
Stockholders’ equity (deficit):    
Preferred stock, $0.0001 par value; 1,000,000 authorized shares; none issued or outstanding at December 31, 2021 and 2020, respectively
Class A common stock, $0.0001 par value; 200,000,000 authorized shares; none issued and outstanding at December 31, 2021 and 2020 (excluding 34,500,000 and -0- shares, respectively, subject to possible redemption)
Class B common stock, $0.0001 par value, 20,000,000 authorized shares; 8,625,000 shares issued and outstanding at December 31, 2021 and 2020 (1) [1] 1,000 1,000
Additional paid-in-capital 24,000
Retained earnings (31,565,000) (3,000)
Total stockholders’ equity (deficit) (31,564,000) 22,000 [2]
Total liabilities and stockholders’ equity (deficit) $ 345,952,000 $ 251,000
[1] Share amounts have been retroactively restated at December 31, 2020 to reflect a stock dividend of 0.2 shares for each share of Class B common stock outstanding on January 14, 2021 (See Note 5)
[2] Share amounts have been retroactively restated at December 31, 2020 to reflect a stock dividend of 0.2 shares for each share of Class B common stock outstanding on January 14, 2021 (See Note 5).