| 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 as of December 31, 2021
|
|
$
|
174,225,000 |
|
|
Plus:
|
|
|
|
|
|
Accretion of carrying value to redemption value
|
|
|
145,884 |
|
|
Common stock subject to possible redemption as of June 30, 2022
|
|
$
|
174,370,884 |
|
|
|
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 |
|
|
|
Three Months
Ended
June 30,
2022
|
|
Three Months
Ended
June 30,
2021
|
|
Six Months
Ended
June 30,
2022
|
|
Six Months
Ended
June 30,
2021
|
|
Basic and diluted net income (loss) per share:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Numerator:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss)
|
|
$
|
(795,831 |
)
|
|
$
|
—
|
|
$
|
1,155,839 |
|
$
|
—
|
|
Denominator:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic weighted average shares outstanding
|
|
|
21,562,500 |
|
|
|
3,750,000 |
|
|
21,562,500 |
|
|
3,750,000 |
|
Basic net income (loss) per share
|
|
$
|
(0.04 |
)
|
|
$
|
0.00 |
|
$
|
0.05 |
|
$
|
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 |
)
|
|