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Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current assets    
Cash $ 769,432
Prepaid expenses 313,125
Total Current Assets 1,082,557
Deferred offering costs 164,899
Investment held in Trust Account 253,027,240
TOTAL ASSETS 254,109,797 164,899
Current liabilities    
Accrued expenses 2,908,800 675
Accrued offering costs 12,000 99,899
Due to Sponsor 16,152
Promissory note – related party 40,000
Total Current Liabilities 2,936,952 140,574
Warrant liabilities 10,142,642
Deferred underwriting fee payable 8,855,000
Total Liabilities 21,934,594 140,574
Commitments and contingencies
Class A common stock subject to possible redemption 25,300,000 and no shares at $10.00 per share redemption value at December 31, 2021 and 2020, respectively 253,000,000
Stockholders’ (Deficit) Equity    
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding
Class A common stock, $0.0001 par value; 80,000,000 shares authorized, none outstanding (Less 25,300,000 shares subject to redemption at December 31, 2021)
Class B common stock, $0.0001 par value; 20,000,000 shares authorized; 6,325,000 shares issued and outstanding at December 31, 2021 and 2020 [1],[2] 633 633
Additional paid-in capital 24,367
Accumulated deficit (20,825,430) (675)
Total Stockholders’ (Deficit) Equity (20,824,797) 24,325
LIABILITIES CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION AND STOCKHOLDERS’ (DEFICIT) EQUITY $ 254,109,797 $ 164,899
[1] At December 31, 2020, included up to 825,000 shares subject to forfeiture if the over-allotment option was not exercised in full or in part by the underwriters (see Note 4).
[2] On February 11, 2021, the Company effected a 1:1.1 stock split of its Class B common stock, resulting in an aggregate of 6,325,000 shares outstanding. All share and per-share amounts have been retroactively restated to reflect the stock split.