General form of registration statement for all companies including face-amount certificate companies

Condensed Balance Sheets

v3.22.4
Condensed Balance Sheets - USD ($)
Sep. 30, 2022
Dec. 31, 2021
Dec. 31, 2020
Current assets:      
Cash $ 56,797 $ 947,498 $ 1,834,812
Prepaid expenses 107,624 148,660 333,031
Total current assets 164,421 1,096,158 2,167,843
Investments held in Trust Account 231,047,192 230,003,947 230,007,668
Total assets 231,211,613 231,100,105 232,175,511
Current liabilities:      
Accounts payable 120,718 1,329 10,865
Accrued expenses 10,153,431 127,000 82,196
Income tax payable 65,239  
Related party promissory note 75,000  
Franchise tax payable 134,974 80,598
Total current liabilities 10,414,388 263,303 173,659
Deferred underwriting commissions 8,050,000 8,050,000 8,050,000
Derivative warrant liabilities 2,000,000 7,423,330 19,616,670
Total liabilities 20,464,388 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 $10.04 and $10.00 per share at September 30, 2022 and December 31, 2021, respectively 230,967,515 230,000,000 230,000,000
Stockholders’ Deficit:      
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding at September 30, 2022 and December 31, 2021
Class A common stock, $0.0001 par value; 100,000,000 shares authorized; zero non-redeemable shares issued and outstanding at September 30, 2022 and December 31, 2021
Class B common stock, $0.0001 par value; 10,000,000 shares authorized; 5,750,000 shares issued and outstanding at September 30, 2022 and December 31, 2021 575 575 575
Additional paid-in capital
Accumulated deficit (20,220,865) (14,637,103) (25,665,393)
Total stockholders’ deficit (20,220,290) (14,636,528) (25,664,818)
Total Liabilities, Common Stock Subject to Redemption, and Stockholder’s Deficit $ 231,211,613 231,100,105 $ 232,175,511
Previously Reported [Member]      
Current assets:      
Cash   947,498  
Prepaid expenses   148,661  
Total current assets   1,096,159  
Investments held in Trust Account   230,003,947  
Total assets   231,100,105  
Current liabilities:      
Accounts payable   1,329  
Accrued expenses   127,000  
Franchise tax payable   134,974  
Total current liabilities   267,303  
Deferred underwriting commissions   8,050,000  
Derivative warrant liabilities   7,423,330  
Total liabilities   15,736,633  
Commitments and Contingencies    
Class A common stock, $0.0001 par value; 23,000,000 shares subject to possible redemption at $10.04 and $10.00 per share at September 30, 2022 and December 31, 2021, respectively   230,000,000  
Stockholders’ Deficit:      
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding at September 30, 2022 and December 31, 2021    
Class A common stock, $0.0001 par value; 100,000,000 shares authorized; zero non-redeemable shares issued and outstanding at September 30, 2022 and December 31, 2021    
Class B common stock, $0.0001 par value; 10,000,000 shares authorized; 5,750,000 shares issued and outstanding at September 30, 2022 and December 31, 2021   575  
Additional paid-in capital    
Accumulated deficit   (14,637,103)  
Total stockholders’ deficit   (14,636,528)  
Total Liabilities, Common Stock Subject to Redemption, and Stockholder’s Deficit   $ 231,100,105