Quarterly report pursuant to Section 13 or 15(d)

CONDENSED BALANCE SHEETS

v3.22.2
CONDENSED BALANCE SHEETS - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash $ 458,156 $ 1,041,948
Prepaid expenses 390,208 713,140
Total current assets 848,364 1,755,088
Investments held in Trust Account 234,955,901 234,618,018
Total Assets 235,804,265 236,373,106
Liabilities:    
Franchise taxes payable 34,685 60,274
Federal income taxes payable 28,218 0
Due to related party 667 667
Accrued offering costs and expenses 14,501 36,350
Total current liabilities 78,071 97,291
Other liabilities 284,067 0
Warrant liability 2,320,000 11,600,000
Deferred underwriters' discount 8,050,000 8,050,000
Total Liabilities 10,732,138 19,747,291
Commitments and Contingencies (Note 7)
Redeemable Class A common stock subject to possible redemption, 23,000,000 shares at redemption value 234,663,680 234,600,000
Stockholders' Deficit:    
Preferred stock, $0.0001par value; 1,000,000 shares authorized; none issued and outstanding 0 0
Additional paid-in capital 0 0
Accumulated deficit (9,592,128) (17,974,760)
Total Stockholders' Deficit (9,591,553) (17,974,185)
Total Liabilities, Redeemable Common Stock and Stockholders' Deficit 235,804,265 236,373,106
Common Class A [Member]    
Stockholders' Deficit:    
Common stock in value 0 0
Common Class B [Member]    
Stockholders' Deficit:    
Common stock in value $ 575 $ 575