SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2021

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Class A ordinary shares subject to possible redemption

At December 31, 2021, the Class A common stock reflected in the balance sheet are reconciled in the following table:

Gross proceeds	$	250,000,000
Less:
Proceeds allocated to Public Warrants		(11,375,000	)
Class A common stock issuance costs		13,084,631
Plus:
Accretion of carrying value to redemption value		24,459,631
Class A common stock subject to possible redemption	$	250,000,000

Basic and Diluted Net Income (Loss) per Common Share

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

	For the Period from February 4, 2021 (Inception) through December 31, 2021
	Class A		Class B
Basic and diluted net income per common stock
Numerator:
Allocation of net income, as adjusted	$	3,659,168	$	2,007,460
Denominator:
Basic and diluted weighted average shares outstanding		11,392,405		6,250,000
Basic and diluted net income per common stock	$	0.32	$	0.32