XML 28 R18.htm IDEA: XBRL DOCUMENT v3.22.2.2
Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2022
Accounting Policies [Abstract]  
Schedule of common stock reflected on the balance sheet are reconciled
Gross proceeds from IPO  $126,500,000 
Less:     
Proceeds allocated to Public Warrants   (10,141,998)
Common stock issuance costs   (8,257,504)
Plus:     
Remeasurement of carrying value to redemption value   20,297,002 
Class A common stock subject to possible redemption at redemption value  $128,397,500 

 

Schedule of basic and diluted net income per share
   Three Months
Ended
June 30,
2022
  

Three Months
Ended

June 30,
2021

   Six Months
Ended
June 30,
2022
   For the
Period from
February 18,
2021
(Inception)
Through
June 30,
2021
 
   Class A   Class B   Class A   Class B(1)   Class A   Class B   Class A   Class B 
Basic and diluted net income (loss) per common stock                                
Numerator:                                
Allocation of net income (loss), as adjusted  $1,571,167   $387,943   $
    (85)  $4,760,475   $1,175,426   $
   $(632)
Denominator:                                        
Basic and diluted weighted average shares outstanding
   12,808,125    3,162,500    
    2,750,000    12,808,125    3,162,500    
    2,750,000 
Basic and diluted net income (loss) per common stock
  $0.12   $0.12   $
   $0.00   $0.37   $0.37   $
   $0.00 

 

(1)Excludes up to 412,500 shares of Class B common stock subject to forfeiture if the over-allotment option was not exercised in full or in part by the underwriters (see Note 7). On August 25, 2021, the Company effected a stock dividend of 1/10th of a share per outstanding share, and all shares have been retroactively restated (see Note 7). As a result of the underwriter’s election to fully exercise their over-allotment option on August 30, 2021, the founder shares are no longer subject to forfeiture.