Restatement of Previously Issued Financial Statements

10 Months Ended

Dec. 31, 2021

Accounting Changes and Error Corrections [Abstract]

Restatement of Previosusly Issued Financial Statements

NOTE 2 — RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS

Management identified errors made in its historical financial statements for the accounting of accruals.

The following tables summarize the effect of the restatement on each financial statement line item as of the dates, and for the periods, indicated:

	As previously reported			Adjustments			As restated
Balance Sheet - December 31, 2021
Accounts payable and accrued expenses	$	403,521		$	1,054,788		$	1,458,309
Total current liabilities		430,771			1,054,788			1,485,559
Total liabilities		19,396,171			1,054,788			20,450,959
Shareholders’ deficit
Accumulated deficit		(17,525,762	)		(1,054,788	)		(18,580,550	)
Total shareholders’ deficit	$	(17,525,340	)	$	(1,054,788	)	$	(18,580,128	)
	As Previously
	Reported			Adjustments			As restated
Statement of Operations – For the Period March 3, 2021 (inception) Through December 31, 2021
General and administrative expenses	$	6,984,048			1,054,788			8,038,836
Total expenses		7,039,048			1,054,788			8,039,836
Net loss		(2,523,613	)		(1,054,788	)		(3,578,400	)
Basic and diluted weighted average shares outstanding, redeemable Class A ordinary shares		9,059,406			—			9,059,406
Basic and diluted net loss per share of redeemable Class A ordinary shares	$	(0.19	)	$	(0.08	)	$	(0.27	)
Weighted average number shares of non-redeemable ordinary shares outstanding, basic and diluted		4,269,183			—			4,269,183
Basic and diluted net loss per share of non-redeemable ordinary shares	$	(0.19	)	$	(0.08	)	$	(0.27	)