Description of Organization and Business Operations (Details Narrative) - USD ($) |
9 Months Ended | ||
---|---|---|---|
Jan. 20, 2022 |
Aug. 31, 2022 |
Feb. 20, 2022 |
|
Proceeds from issuance of offering | $ 112,445,134 | ||
Deferred underwriting fee payable | 4,025,000 | ||
Cash | $ 656,700 | ||
Sale of stock, price per share | $ 10.15 | ||
Proceeds from issuance of private placement | $ 5,325,000 | ||
Aggregate market fair value percentage | 80.00% | ||
Ownership interest to be acquired on post-transaction company | 50.00% | ||
Minimum net tangible asset upon consummation of business combination | $ 5,000,001 | ||
Redemption of percentage of public shares | 20.00% | ||
Redemption percentage of outstanding shares | 100.00% | ||
Sale of stock, description | In order to protect the amounts held in the Trust Account, the Sponsor has agreed to be liable to the Company if and to the extent any claims by a third party for services rendered or products sold to the Company, or a prospective target business with which the Company has discussed entering into a transaction agreement, reduce the amount of funds in the Trust Account to below (i) $10.15 per Public Share or (ii) such lesser amount per Public Share held in the Trust Account as of the date of the liquidation of the Trust Account, if less than $10.15 per Public Share due to reductions in the value of the trust assets, in each case net of the amount of interest which may be withdrawn to pay taxes, except as to any claims by a third party who executed a waiver of any and all rights to seek access to the Trust Account and except as to any claims under the Company’s indemnity of the underwriters of the Initial Public Offering against certain liabilities, including liabilities under the Securities Act of 1933, as amended (the “Securities Act”). Moreover, in the event that an executed waiver is deemed to be unenforceable against a third party, the Sponsor will not be responsible to the extent of any liability for such third-party claims. The Company will seek to reduce the possibility that the Sponsor will have to indemnify the Trust Account due to claims of creditors by endeavoring to have all vendors, service providers (except for the Company’s independent registered accounting firm), prospective target businesses and other entities with which the Company does business, execute agreements with the Company waiving any right, title, interest or claim of any kind in or to monies held in the Trust Account | ||
Maximum [Member] | |||
Dissolution expenses | $ 100,000 | ||
IPO [Member] | |||
Sale of stock | 10,000,000 | 11,500,000 | |
Proceeds from issuance of offering | $ 100,000,000 | ||
Transaction costs | 8,482,742 | ||
Underwriting fees | 1,800,000 | ||
Deferred underwriting fee payable | 4,025,000 | ||
Assets held in trust | 1,725,000 | ||
Stock issuance costs | 932,742 | ||
Cash | $ 1,562,293 | ||
Sale of stock, price per share | $ 10.15 | $ 10.00 | $ 10.15 |
Net proceeds of proposed public offering | $ 116,725,000 | ||
Sale of stock, description | Each Unit consists of one ordinary share and one redeemable warrant (“Public Warrant”). Each Public Warrant entitles the holder purchase one ordinary share at an exercise price of $11.50 per whole share. | ||
Private Placement [Member] | |||
Sale of stock | 532,500 | ||
Sale of stock, price per share | $ 10.00 | ||
Proceeds from issuance of private placement | $ 5,325,000 | ||
Private Placement [Member] | Technology and Telecommunication LLC [Member] | |||
Sale of stock | 480,000 | ||
Sale of stock, price per share | $ 10.00 | ||
Proceeds from issuance of private placement | $ 4,800,000 | ||
Over-Allotment Option [Member] | Underwriters [Member] | |||
Sale of stock | 1,500,000 | ||
Underwriting fees | $ 2,000,000 | ||
Sale of stock, price per share | $ 10.00 | ||
Proceeds from stock options exercised | $ 15,000,000 | ||
Over-Allotment Option [Member] | Underwriters [Member] | Maximum [Member] | |||
Sale of stock | 1,500,000 | ||
Over-Allotment Option [Member] | Sponsor [Member] | |||
Sale of stock | 52,500 | ||
Sale of stock, price per share | $ 10.00 |