Class A Common Stock Subject to Possible Redemption

8 Months Ended

Dec. 31, 2021

Temporary Equity Disclosure [Abstract]

Class A Common Stock Subject to Possible Redemption

Note 6 - Class A Common Stock Subject to Possible Redemption

The Company’s Class A common stock feature certain redemption rights that are considered to be outside of the Company’s control and subject to the occurrence of future events. The Company is authorized to issue 380,000,000 shares of Class A common stock with a par value of $0.0001 per share. Holders of the Company’s Class A common stock are entitled to one vote for each share. As of December 31, 2021, there were 23,000,000 shares of Class A common stock outstanding, which were all subject to possible redemption and are classified outside of permanent equity in the balance sheet.

The Class A common stock subject to possible redemption reflected on the balance sheet is reconciled on the following table:

Gross Proceeds	$	230,000,000
Less:
Class A common stock issuance costs		(13,245,900	)
Plus:
Accretion of carrying value to redemption value		17,845,900
Class A common stock subject to possible redemption	$	234,600,000