Registration of securities issued in business combination transactions

Balance Sheets

v3.22.1
Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Assets    
Current asset — cash $ 462,274 $ 35,614
Prepaid expenses 265,282  
Deferred offering costs   469,160
Total current assets 727,556 504,774
Prepaid expenses, non-current 14,384  
Cash and securities held in Trust Account 276,115,444  
Total Assets 276,857,384 504,774
Current Liabilities:    
Accrued offering costs and expenses 3,153,755 330,300
Due to related party 18,986  
Promissory note — related party   150,000
Working capital loan — related party 150,000  
Total current liabilities $ 3,322,741 480,300
Warrant liability 5,044,441  
Deferred underwriting discount $ 9,660,000  
Total liabilities 18,027,182 480,300
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 0  
Common stock, $0.0001 par value; 100,000,000 shares authorized; 6,900,000 and 6,900,000 shares issued and outstanding (excluding 27,600,000 and zero shares at redemption value), respectively 690 690
Additional paid-in capital   24,310
Accumulated deficit (17,170,488) (526)
Total Stockholders' Equity (Deficit) (17,169,798) 24,474
Total Liabilities, Common Stock Subject to Possible Redemption and Stockholders' Equity (Deficit) $ 276,857,384 $ 504,774