Registration of securities issued in business combination transactions

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

v3.22.2
Basis of Presentation and Summary of Significant Accounting Policies (Tables)
 3 Months Ended 12 Months Ended
Mar. 31, 2022
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

 

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
 

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 weighted average shares outstanding

  

 

11,781,678

 

  

 

3,750,000

 

Basic net loss per share of Common Stock

  

$

(0.05

)

  

$

(0.00

)