SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

10 Months Ended

Dec. 31, 2021

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of reconciliation of Class A common stock reflected in the balance sheet

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

Gross proceeds	$	230,000,000
Less:
Issuance costs allocated to Class A common stock		(13,180,210)
Proceeds allocated to Public Warrants		(5,182,453)
		(18,362,663)
Plus:
Remeasurement adjustment of carrying value to redemption value		22,962,663
Class A common stock subject to possible redemption	$	234,600,000

Reconciliation of Net Loss per Common Share

	For the Period from March 15,
	2021 (inception)
	December 31, 2021
	Class A		Class B
Basic and diluted net loss per share of common stock
Numerator:
Allocation of net loss, as adjusted	$	(352,575)	$	(344,396)
Denominator:
Basic and diluted weighted average shares outstanding		5,295,533		5,172,680
Basic and diluted net loss per share of common stock	$	(0.07)	$	(0.07)