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

Summary of Significant Accounting Policies (Tables)

v3.22.4
Summary of Significant Accounting Policies (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2022
Dec. 31, 2021
Accounting Policies [Abstract]    
Schedule of common stock subject to redemption reflected in the condensed consolidated balance sheets
Gross proceeds   $ 230,000,000  
Less:        
Proceeds allocated to public warrants     (9,813,330 )
Common stock issuance costs     (12,616,120 )
Plus:        
Accretion of carrying value to redemption value     22,429,450  
Common stock subject to possible redemption, December 31, 2021     230,000,000  
Plus:        
Accretion of carrying value to redemption value     967,515  
Common stock subject to possible redemption, September 30, 2022   $ 230,967,515  

 

 
Schedule of basic and diluted net income (loss) per common share
    Three Months Ended     Nine Months Ended  
    September 30, 2022     September 30, 2022  
    Class A     Class B     Class A     Class B  
Basic and diluted net loss per common share                        
Numerator:                        
Allocation of net loss   $ (664,118 )   $ (166,029 )   $ (3,692,998 )   $ (923,249 )
Denominator:                                
Basic and diluted weighted average shares outstanding     23,000,000       5,750,000       23,000,000       5,750,000  
Basic and diluted net loss per common share   $ (0.03 )   $ (0.03 )   $ (0.16 )   $ (0.16 )

 

    Three Months Ended     Nine Months Ended  
    September 30, 2021     September 30, 2021  
    Class A     Class B     Class A     Class B  
Basic and diluted insert net income per common share                        
Numerator:                        
Allocation of net income, as adjusted   $ 1,563,634     $ 390,909     $ 6,499,355     $ 1,624,839  
Denominator:                                
Basic and diluted weighted average shares outstanding     23,000,000       5,750,000       23,000,000       5,750,000  
Basic and diluted net income per common share   $ 0.07     $ 0.07     $ 0.28     $ 0.28  

 

    Year Ended
December 31, 2021
 
    Class A     Class B  
Basic and diluted net loss per common share            
Numerator:            
Allocation of net income     8,822,632       2,205,658  
Denominator:                
Basic and diluted weighted average shares outstanding
    23,000,000       5,750,000  
Basic and diluted net income per common share
    0.38       0.38  

 

    Year Ended
December 31, 2020
 
    Class A     Class B  
Basic and diluted net loss per common share            
Numerator:            
Allocation of net loss, as adjusted     (1,914,225 )     (2,264,473 )
Denominator:                
Basic and diluted weighted average shares outstanding
    4,346,457       5,141,732  
Basic and diluted net income per common share
    (0.44 )     (0.44 )