SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2022

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of reconciliation of Class A Common Stock

As of September 30, 2022 and December 31, 2021, the Class A common stock subject to possible redemption reflected in the condensed balance sheets are reconciled in the following table:

Gross proceeds	$	166,800,000
Less:
Issuance costs allocated to Class A common stock		(9,555,615)
Proceeds allocated to over-allotment option		(112,500)
Plus:
Remeasurement of carrying value to redemption value		9,668,115
Class A common stock subject to possible redemption at December 31, 2021	$	166,800,000
Remeasurement of carrying value to redemption value		402,599
Class A common stock subject to possible redemption at September 30, 2022	$	167,202,599

Schedule of calculation of basic and diluted net loss per common share

The following table reflects the calculation of basic and diluted net loss per common share (in dollars, except per share amounts):

													For the Period from
													January 22, 2021
	Three Months Ended				Three Months Ended				Nine Months Ended				(inception) Through
	September 30, 2022				September 30, 2021				September 30, 2022				September 30, 2021
	Class A		Class B		Class A		Class B		Class A		Class B		Class A		Class B
Basic and diluted net loss per share:
Numerator:
Net loss	$	(410,763)	$	(95,848)	$	(401,683)	$	(94,634)	$	(7,481,041)	$	(1,745,638)	$	(404,425)	$	(201,883)
Denominator:
Basic and diluted weighted average shares outstanding		17,870,800		4,170,000		17,870,800		4,210,272		17,870,800		4,170,000		7,867,549		3,927,371
Basic and diluted net loss per share	$	(0.02)	$	(0.02)	$	(0.02)	$	(0.02)	$	(0.42)	$	(0.42)	$	(0.05)	$	(0.05)