INITIAL PUBLIC OFFERING |
9 Months Ended |
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Dec. 31, 2021 | |
Initial Public Offering | |
INITIAL PUBLIC OFFERING | NOTE 3. INITIAL PUBLIC OFFERING
On January 13, 2022, the Company closed its Initial Public Offering of Units at $per Unit, generating gross proceeds of $100,000,000.
Each Unit consists of one share of common stock and one right to receive one-tenth (1/10) of one share of common stock upon the consummation of an initial business combination.
As of January 13, 2022, the Company closed its Initial Public Offering and incurred transaction costs of approximately $6,914,557, of which $3,500,000 was for deferred underwriting commissions.
On February 9, 2022, the Underwriters partially exercised the over-allotment option and on February 10, 2022, purchased an additional 1,590,690, and forfeited the remainder of the option. Units from the Company (the “Over-Allotment Units”), generating gross proceeds of $
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