SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 31, 2022

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Summary of subject to possible redemption reconciliation of common stock

As of March 31, 2022 and December 31, 2021, the common stock subject to possible redemption reflected on the balance sheet are reconciled in the following table:

Gross proceeds from IPO	$	276,000,000
Less:
Proceeds allocated to Public Warrants		(11,408,000)
Class A common stock issuance costs		(14,975,165)
Plus:
Accretion of carrying value to redemption value		26,383,165
Class A common stock subject to possible redemption	$	276,000,000

Schedule of reconciliation of the net income per share of common stock

	For the Three Months Ended				For the Three Months Ended
	March 31, 2022				March 31, 2021
	Class A		Class B		Class A		Class B
Basic and diluted net income per common share
Numerator:
Allocation of net income	$	2,218,714	$	554,679	$	4,360,255	$	1,958,955
Denominator
Weighted-average shares outstanding		27,600,000		6,900,000		15,026,667		6,900,000
Basic and diluted net income per common share	$	0.08	$	0.08	$	0.29	$	0.29