SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($) |
1 Months Ended | 8 Months Ended | ||
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Oct. 19, 2021 |
Aug. 17, 2021 |
Dec. 31, 2021 |
Jun. 30, 2022 |
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Cash | $ 8,999 | |||
Founder Spac [Member] | ||||
Cash | $ 761,605 | 8,999 | ||
Cash equivalents | 0 | 0 | ||
Cash held in Trust Account | 321,015,932 | 321,264,378 | ||
Unrecognized tax benefits | 0 | 0 | ||
FDIC Insured limit | 250,000 | 250,000 | ||
Transaction costs | $ 18,158,033 | 18,158,033 | ||
Underwriting cost | 17,393,750 | 17,393,750 | ||
Other Offering costs | $ 764,283 | $ 764,283 | ||
Accrued for interest and penalties | $ 0 | |||
Founder Spac [Member] | IPO [Member] | ||||
Sale of units in initial public offering | 31,625,000 | 31,625,000 | ||
Founder Spac [Member] | IPO [Member] | Class A Ordinary Shares [Member] | ||||
Sale of units in initial public offering | 31,625,000 |
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- References No definition available.
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- References No definition available.
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- Definition Amount of decrease in additional paid in capital (APIC) resulting from direct costs associated with issuing stock. Includes, but is not limited to, legal and accounting fees and direct costs associated with stock issues under a shelf registration. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The total amount of cash and securities held by third party trustees pursuant to terms of debt instruments or other agreements as of the date of each statement of financial position presented, which can be used by the trustee only to pay the noncurrent portion of specified obligations. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of cash deposited in financial institutions as of the balance sheet date that is insured by the Federal Deposit Insurance Corporation. No definition available.
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- Definition The number of shares issued or sold by the subsidiary or equity method investee per stock transaction. No definition available.
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- Definition Amount of unrecognized tax benefits. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount accrued for interest on an underpayment of income taxes and penalties related to a tax position claimed or expected to be claimed in the tax return. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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