XML 20 R9.htm IDEA: XBRL DOCUMENT v3.21.2
INITIAL PUBLIC OFFERING
8 Months Ended
Sep. 30, 2021
INITIAL PUBLIC OFFERING  
NOTE 3: INITIAL PUBLIC OFFERING

NOTE 3: INITIAL PUBLIC OFFERING

 

Pursuant to the Initial Public Offering, the Company sold 10,000,000 Units at a purchase price of $10.00 per Unit. Each Unit consists of one Class A common stock and one-half of one redeemable warrant (“Public Warrant”). Each whole Public Warrant entitles the holder to purchase one share of common stock at an exercise price of $11.50 (see Note 5).

 

On March 30, 2021, the underwriters partially exercised their over-allotment option, and the closing and sale of an additional 506,002 Units (the “Over-Allotment Units”) occurred on April 1, 2021. The issuance by the Company of the Over-Allotments Units at a price of $10.00 per Unit resulted in total gross proceeds of $5,060,020.