Annual report pursuant to Section 13 and 15(d)

Balance Sheets

v3.22.0.1
Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash $ 947,498 $ 1,834,812
Prepaid expenses 148,661 333,031
Total current assets 1,096,159 2,167,843
Investments held in Trust Account 230,003,947 230,007,668
Total assets 231,100,105 232,175,511
Current liabilities:    
Accounts payable 1,329 10,865
Accrued expenses 127,000 82,196
Franchise tax payable 134,974 80,598
Total current liabilities 267,303 173,659
Deferred underwriting commissions 8,050,000 8,050,000
Derivative warrant liabilities 7,423,330 19,616,670
Total liabilities 15,736,633 27,840,329
Commitments and Contingencies
Class A common stock, $0.0001 par value; 23,000,000 shares subject to possible redemption at $10.00 per share 230,000,000 230,000,000
Stockholders’ Deficit:    
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding
Class A common stock, $0.0001 par value; 100,000,000 shares authorized; zero non-redeemable shares issued and outstanding
Class B common stock, $0.0001 par value; 10,000,000 shares authorized; 5,750,000 shares issued and outstanding 575 575
Additional paid-in capital
Accumulated deficit (14,637,103) (25,665,393)
Total stockholders’ deficit (14,636,528) (25,664,818)
Total Liabilities and Stockholders’ Deficit $ 231,100,105 $ 232,175,511