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Investment Held in Trust Account
 6 Months Ended
Jun. 30, 2022
Investment Held in Trust Account [Abstract]  
Investment Held in Trust Account

Note 6 – Investment Held in Trust Account

 

As of June 30, 2022, the investment in the Company’s Trust Account consisted of $230,214,069 in a money market account and $0 in U.S. Treasury Securities. All of the U.S. Treasury Securities matured on June 30, 2022 and upon maturity, the funds were moved into a money market fund. The Company classifies its United States Treasury securities as held-to-maturity in accordance with FASB ASC 320 “Investments — Debt and Equity Securities”. Held-to-maturity treasury securities are recorded at amortized cost and adjusted for the amortization or accretion of premiums or discounts. The Company considers all investments with original maturities of more than three months but less than one year to be short-term investments. The carrying value approximates the fair value due to its short-term maturity. The carrying value, excluding gross unrealized holding loss and fair value of held to maturity securities on June 30, 2022 are as follows:

 

   Carrying
Value/Amortized
Cost		   Gross
Unrealized
Gains		   Gross
Unrealized
Losses		   Fair Value
as of
June 30,
2022		 
Cash held in Trust Account  $230,214,069   $
   —
   $
   —
   $230,214,069 
U.S. Treasury Securities   
—  
    
—
    
—
    
—  
 
   $230,214,069   $
—
   $
—
   $230,214,069