v3.22.4
Summary of Significant Accounting Policies (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2022
Dec. 31, 2021
Description of Organization and Business Operations [Abstract]    
Schedule of class A common stock reflected in the balance sheet as temporary equity

Gross proceeds for the Initial Public Offering

 

$

172,500,000

 

Less:

 

 

 

 

Proceeds allocated to the initial fair value of Public Warrants

 

 

(6,210,000

)

Class A common stock issuance costs

 

 

(9,527,789

)

Fair value of Founder Shares attributable to Anchor Investor allocated to redeemable Class A common stock, net of allocated transaction costs

 

 

(4,252,433

)

Plus:

 

 

 

 

Remeasurement of carrying value to redemption value

 

 

19,990,222

 

Class A common stock subject to possible redemption, as of December 31, 2021

 

 

172,500,000

 

Less:

 

 

 

 

Class A common stock redeemed, including Trust Account earnings of $32,631

 

 

(68,488,691

)

Plus:

 

 

 

 

Remeasurement of carrying value to redemption value

 

 

1,498,386

 

Class A common stock subject to possible redemption, as of September 30, 2022

 

$

105,509,695

 

Gross proceeds for the Initial Public Offering

 

$

172,500,000

 

Less:

 

 

 

 

Proceeds allocated to the fair value of Public Warrants

 

 

(6,210,000

)

Class A common stock issuance costs

 

 

(9,527,789

)

Fair value of Founder Shares attributable to Anchor Investor allocated to redeemable Class A common stock

 

 

(4,252,433

)

Plus:

 

 

 

 

Re-measurement of carrying value to redemption value

 

 

19,990,222

 

   

 

 

 

Class A common stock subject to possible redemption

 

$

172,500,000

 

Schedule of basic and diluted net loss per common share
 

For the Three Months Ended
September 30, 2022

 

For the Nine Months Ended
September 30,

   

2022

 

2021

 

2022

 

2021

   

Class A

 

Class B

 

Class A

 

Class B

 

Class A

 

Class B

 

Class A

 

Class B

Basic and diluted net (loss) income per share of common stock

 

 

 

 

 

 

 

 

 

 

   

 

   

 

   

 

   

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

   

 

   

 

   

 

   

 

 

 

 

 

 

 

Allocation of net (loss)
income

 

$

(69,920

)

 

$

(27,776

)

 

$

820,102

 

$

205,026

 

$

3,747,387

 

$

1,068,923

 

$

(347,231

)

 

$

(86,808

)

Denominator:

 

 

 

 

 

 

 

 

 

 

   

 

   

 

   

 

   

 

 

 

 

 

 

 

Basic and diluted weighted average shares outstanding

 

 

10,855,753

 

 

 

4,312,500

 

 

 

17,250,000

 

 

4,312,500

 

 

15,118,584

 

 

4,312,500

 

 

16,615,809

 

 

 

4,291,820

 

   

 

 

 

 

 

 

 

 

 

   

 

   

 

   

 

   

 

 

 

 

 

 

 

Basic and diluted net (loss) income per share of common stock

 

$

(0.01

)

 

$

(0.01

)

 

$

0.05

 

$

0.05

 

$

0.25

 

$

0.25

 

$

(0.02

)

 

$

(0.02

)

 

Year Ended
December 31,
2021

 

For the
Period from
September 24,
2020
(Inception)
Through
December 31,
2020

   

Class A

 

Class B

 

Class A

 

Class B

Basic and diluted net loss per common share

 

 

 

 

 

 

 

 

 

 

   

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

   

 

 

 

Allocation of net loss

 

$

(323,233

)

 

$

(82,793

)

 

$

 

$

(1,893

)

Denominator:

 

 

 

 

 

 

 

 

 

 

   

 

 

 

Basic and diluted weighted average shares outstanding

 

 

16,776,099

 

 

 

4,297,047

 

 

 

 

 

3,750,000

 

Basic and diluted net loss per common share

 

$

(0.02

)

 

$

(0.02

)

 

$

 

$

(0.00

)