Registration of securities issued in business combination transactions

Condensed Balance Sheets

v3.21.4
Condensed Balance Sheets - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Assets    
Current asset – cash $ 535,832 $ 35,614
Prepaid expenses 273,538  
Deferred offering costs   469,160
Total current assets 809,370 504,774
Prepaid expenses, non-current 80,548  
Cash and securities held in Trust Account 276,083,453  
Total Assets 276,973,371 504,774
Current Liabilities:    
Accrued offering costs and expenses 243,422 330,300
Accrued expenses   330,300
Due to related party 48,986  
Promissory note - related party 150,000 150,000
Total current liabilities 442,408 480,300
Deferred underwriting discount 9,660,000  
Total liabilities 10,102,408 480,300
Commitments
Common Stock subject to possible redemption, 27,600,000 and zero shares at redemption value, respectively 276,000,000  
Stockholders' Equity (Deficit):    
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding
Common stock, $0.0001 par value; 100,000,000 shares authorized; 6,900,000 shares issued and outstanding 690 690 [1]
Additional paid-in capital   24,310
Accumulated deficit (9,129,727) (526)
Total Stockholders' Equity (Deficit) (9,129,037) 24,474
Total Liabilities, Common Stock Subject to Possible Redemption and Stockholders' Equity (Deficit) $ 276,973,371 $ 504,774
[1] Includes up to 900,000 shares subject to forfeiture if the over-allotment option is not exercised in full or in part by the underwriters (see Note 5). On January 11, 2021, the Company effected a stock dividend of 1,150,000 shares with respect to the common stock, resulting in an aggregate of 6,900,000 shares of common stock issued and outstanding. All shares and associated amounts have been retroactively restated to reflect the share dividend (see Notes 5 and 7). On January 19, 2021, the underwriters exercise the over-allotment option in full. As a result, the 900,000 shares are no longer subject to forfeiture.