SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2022

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Reconciliation of Net income per Common Share

A reconciliation of net income per share is as follows for the three months ended June 30, 2022:

	Class A Common Stock subject to
	possible redemption		Class B Common Stock
Allocation of undistributable income	$	1,278,314		319,579
Net Income to Common shares		1,278,314		319,579
Weighted average shares outstanding, basic and diluted		14,375,000		3,593,750
Basic and diluted net income per share	$	0.09		0.09

A reconciliation of net income per share is as follows for the six months ended June 30, 2022:

	Class A Common Stock subject to
	possible redemption		Class B Common Stock
Allocation of undistributable income	$	4,122,308	1,030,577
Net Income to Common shares		4,122,308	1,030,577
Weighted average shares outstanding, basic and diluted		14,375,000	3,593,750
Basic and diluted net income per share	$	0.29	0.29

The Company did not generate any income or loss during the three months ended June 30, 2021.

A reconciliation of net loss per share is as follows for the period from February 5, 2021 (inception) through June 30, 2021:

	Class B
	Common Stock
Allocation of undistributable losses		(10,000)
Net Loss to Common shares		(10,000)
Weighted average shares outstanding, basic and diluted		3,125,000
Basic and diluted net (loss) per share		(0.00)