Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.22.1
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2021
Accounting Policies [Abstract]  
Schedule of common stock reflected in the balance sheet are reconciled
Gross proceeds   $ 172,500,000  
Less:        
Proceeds allocated to Public Warrants     (6,037,500 )
Proceeds allocated to Public Rights     (3,934,879 )
Issuance costs allocated to common stock     (3,672,335 )
Plus:        
Accretion of carrying value to redemption value     15,369,714  
Common stock subject to possible redemption   $ 174,225,000  

 
Schedule of basic and diluted net income (loss) per common share
    For the year ended December 31,
2021		     For the period from
June 18,
2020 (inception) through December 31,
2020		  
Basic and diluted net loss per share:            
Numerator:            
Net loss   $ (595,442 )   $ (1,000 )
Denominator:                
Basic and diluted weighted average shares outstanding     11,781,678       3,750,000  
Basic and diluted net loss per share of Common Stock   $ (0.05 )   $ (0.00 )