SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2022

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Summary of subject to possible redemption reconciliation of common stock

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, December 31, 2021		276,000,000
Plus:
Accretion of carrying value to redemption value		79,687
Class A common stock subject to possible redemption, June 30, 2022	$	276,079,687

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

	For the Three Months Ended				For the Six Months Ended
	June 30, 2022				June 30, 2022
	Class A		Class B		Class A		Class B
Basic and diluted net income per common share
Numerator:
Allocation of net income	$	1,493,683	$	373,421	$	3,712,398	$	928,099
Denominator
Weighted-average shares outstanding		27,600,000		6,900,000		27,600,000		6,900,000
Basic and diluted net income per common share	$	0.05	$	0.05	$	0.13	$	0.13

	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
	2021				2021
	Class A		Class B		Class A		Class B
Basic and diluted net (loss) income per common share:
Numerator:
Allocation of net (loss) income	$	(3,220,155)	$	(805,039)	$	1,766,392	$	527,624
Denominator:
Weighted-average shares outstanding		27,600,000		6,900,000		21,348,066		6,900,000
Basic and diluted net (loss) income per common share	$	(0.12)	$	(0.12)	$	0.08	$	0.08