SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 31, 2022

At both March 31, 2022 and December 31, 2021 , the Class A Ordinary Shares reflected in the condensed balance sheet are reconciled in the following table:


	Class A Ordinary Shares
Gross proceeds	$	155,250,000
Plus / (less) adjustments to carrying value:
Proceeds allocated to the Public Warrants	(3,326,894)
Class A Ordinary Shares issuance costs	(8,774,490)
Proceeds allocated to the Private Placement Warrants	13,142
Plus:
Accretion of carrying value to redemption value	12,088,242
Class A Ordinary Shares subject to possible redemption	$	155,250,000

Schedule Of Earnings Per Share, Basic and Diluted

The following table reflects the calculation of basic and diluted net income (loss) per ordinary share:


	For the Three Months Ended March 31, 2022		For the Period from January 11, 2021 (inception) through March 31, 2021
Redeemable Class A Ordinary Shares
Numerator:
Allocation of net income (loss)	$	2,878,888	$	(196,299)
Denominator:
Basic and diluted weighted average shares outstanding	15,525,000		4,657,500
Basic and diluted net income (loss) per share	$	0.19	$	(0.04)

Class B Ordinary Shares
Numerator:
Allocation of net income (loss)	$	719,722	$	(148,647)
Denominator:
Basic and diluted weighted average shares outstanding	3,881,250		3,526,875
Basic and diluted net income (loss) per share	$	0.19	$	(0.04)