SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 31, 2023

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of Class A common stock subject to possible redemption

Gross proceeds	$	69,000,000
Less:
Proceeds allocated to Public Rights		(745,200)
Class A common stock issuance costs		(3,882,029)
Plus:
Remeasurement of carrying value to redemption value		6,007,229
Class A Common Stock subject to possible redemption, March 31, 2023	$	70,380,000

Schedule of net loss per share of common stock

The following table reflects the calculation of basic and diluted net loss per share of common stock (in dollars, except share amounts):

	For the Three Months Ended March 31,
	2023				2022
	Class A		Class B		Class A		Class B
Basic and diluted net income per common share
Numerator:
Allocation of net income, as adjusted	$	(249,591)	$	—	$	—	$	—
Accretion of common stock to redemption value		—		—		—		—
	$	(249,591)	$	—	$	—	$	—
Denominator:
Basic and diluted weighted average common shares outstanding		1,724,999		1		—		—
Basic and diluted net income per common share	$	(0.14)	$	—	$	—	$	—