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Balance Sheet
Dec. 31, 2021
USD ($)
ASSETS  
Cash $ 1,972,000
Prepaid expenses 708,000
Total current assets 2,680,000
Non-current assets –
Cash and investments held in Trust 196,865,000
Total assets 199,545,000
Current liabilities –  
Accounts payable (includes approximately $82,000 of offering costs including approximately $12,000 payable to the Sponsor) 108,000
Accrued liabilities and taxes 203,000
Total current liabilities 311,000
Other liabilities – Deferred underwriting compensation 6,822,000
Total liabilities 7,133,000
Commitments and contingencies
Class A common shares subject to possible redemption, $0.0001 par value; 19,490,000 shares issued and outstanding (at $10.10 per share redemption value) 196,849,000
Stockholder’s deficit:  
Preferred stock, $0.0001 par value, 1,000,000 shares authorized, none issued or outstanding
Class A common stock, $0.0001 par value, 45,000,000 shares authorized, no shares issued or outstanding (excluding 19,490,000 common shares subject to possible redemption)
Class B common stock, $0.0001 par value, 6,000,000 shares authorized, 4,872,500 issued and outstanding 1,000
Additional paid-in-capital
Accumulated deficit (4,438,000)
Total stockholder’s (deficit) (4,437,000)
Total liabilities and stockholder’s (deficit) $ 199,545,000