SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2022

At September 30, 2022 and December 31, 2021, the Class A Ordinary Shares reflected in the condensed balance sheets are reconciled in the following table:


	September 30, 2022		December 31, 2021
Gross proceeds	$	155,250,000	$	155,250,000
Plus / (less) adjustments to carrying value:
Proceeds allocated to the Public Warrants	(3,326,894)		(3,326,894)
Class A Ordinary Shares issuance costs	(8,774,490)		(8,774,490)
Proceeds allocated to the Private Placement Warrants	13,142		13,142
Plus:
Accretion of carrying value to redemption value	12,088,242		12,088,242
Remeasurement of Class A ordinary shares subject to possible redemption	545,118		—
Class A Ordinary Shares subject to possible redemption	$	155,795,118	$	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 September 30, 2022		For the Three Months Ended September 30, 2021		For the Nine Months Ended September 30, 2022		For the Period from January 11, 2021 (inception) through September 30, 2021
Redeemable Class A Ordinary Shares
Numerator:
Allocation of net income (loss)	$	2,634,142	$	411,331	$	6,660,334	$	(2,200,830)
Denominator:
Basic and diluted weighted average shares outstanding	15,525,000		15,525,000		15,525,000		12,408,012
Basic and diluted net income (loss) per share	$	0.17	$	0.03	$	0.43	$	(0.18)

Class B Ordinary Shares
Numerator:
Allocation of net income (loss)	$	658,536	$	102,833	$	1,665,083	$	(670,395)
Denominator:
Basic and diluted weighted average shares outstanding	3,881,250		3,881,250		3,881,250		3,779,609
Basic and diluted net income (loss) per share	$	0.17	$	0.03	$	0.43	$	(0.18)