NOTE 3. INITIAL PUBLIC OFFERING

The registration statement for the Company’s Initial Public Offering was declared effective on July 14, 2021. On July 19, 2021, the Company completed its Initial Public Offering of 15,000,000 Units, at $10.00 per Public Unit, generating gross proceeds of $150,000,000. Each Unit consists of one share of common stock, one right to receive one-twentieth (1/20) of one share of common stock upon the consummation of a Business Combination, and one-half of one redeemable warrant (“Public Warrant”).  On July 28, 2021, the underwriters exercised the over-allotment option in full and purchased an additional 2,250,000 Over-Allotment Units, generating gross proceeds of $22,500,000, for an aggregate total of $172,500,000 in gross proceeds from the Initial Public Offering and closing of the exercise of the over-allotment option.