XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Balance Sheets - USD ($)
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash $ 912,000 $ 1,326,000
Prepaid expenses 237,000 409,000
Total current assets 1,149,000 1,735,000
Non-current asset – Investments held in Trust Account 205,220,000 204,004,000
Total assets 206,369,000 205,739,000
Current liabilities -    
Accounts payable, including approximately $70,000 of offering costs 94,000 147,000
Accrued liabilities 54,000 79,000
Total current liabilities 148,000 226,000
Warrant liabilities 3,280,000 11,070,000
Deferred underwriting compensation 7,000,000 7,000,000
Total liabilities 10,428,000 18,296,000
Commitments and Contingencies (see Note 7)
SHAREHOLDERS' DEFICIT:    
Preferred shares, $0.0001 par value; 1,000,000 shares authorized, none issued or outstanding (excluding 20,000,000 shares subject to possible redemption) as of September 30, 2022 and December 31, 2021 0 0
Additional paid-in-capital 0 0
Accumulated deficit (9,280,000) (16,558,000)
Total shareholders' deficit (9,279,000) (16,557,000)
Total liabilities and shareholders' deficit 206,369,000 205,739,000
Common Class A [Member]    
Current liabilities -    
Class A ordinary shares subject to possible redemption: 20,000,000 shares (at $10.26 and $10.20 per share at September 30, 2022 and December 31, 2021, respectively) 205,220,000 204,000,000
SHAREHOLDERS' DEFICIT:    
Common Stock, Value 0 0
Common Class B [Member]    
SHAREHOLDERS' DEFICIT:    
Common Stock, Value $ 1,000 $ 1,000