Quarterly report pursuant to Section 13 or 15(d)

Basis of Presentation and Summary of Significant Accounting Policies (Tables)

v3.22.1
Basis of Presentation and Summary of Significant Accounting Policies (Tables)
 3 Months Ended
Mar. 31, 2022
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 Three Months Ended
March 31,		  
    2022     2021  
Basic and diluted net income per share:            
Numerator:                
Net income   $ 1,951,670     $
—
  
Denominator                
Basic weighted average shares outstanding     21,562,500       4,312,500  
Basic net income per share of common stock   $ 0.09     $ 0.00