Ordinary Share Subject to Possible Redemption

12 Months Ended

Dec. 31, 2021

Ordinary Share Subject To Possible Redemption [Abstract]

ORDINARY SHARE SUBJECT TO POSSIBLE REDEMPTION

NOTE 8 – ORDINARY SHARE SUBJECT TO POSSIBLE REDEMPTION

The Company accounts for its ordinary shares subject to possible redemption in accordance with the guidance in ASC Topic 480 “Distinguishing Liabilities from Equity.” Ordinary shares subject to mandatory redemption (if any) are classified as a liability instrument and are measured at fair value. Conditionally redeemable ordinary shares (including ordinary shares that feature redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company’s control) are classified as temporary equity. At all other times, ordinary shares are classified as shareholders’ equity. The Company’s ordinary shares feature certain redemption rights that are subject to the occurrence of uncertain future events and considered to be outside of the Company’s control. Accordingly, at December 31, 2021 and 2020, 4,600,000 and 0 ordinary shares subject to possible redemption, respectively, are presented as temporary equity, outside of the shareholders’ equity section of the Company’s balance sheets.

	For the Year Ended December 31,			Period from November 2, 2020 (inception) through December 31,
	2021			2020
Total ordinary shares issued		6,054,000			1,454,000
Share issued classified as equity		(1,454,000	)		(1,454,000	)
Change in value of ordinary shares subject to redemption		4,600,000			-