Quarterly report pursuant to Section 13 or 15(d)

Initial Public Offering (Tables)

v3.22.2.2
Initial Public Offering (Tables)
6 Months Ended
Jun. 30, 2022
Initial Public Offering [Abstract]  
Schedule of Contingently Redeemable Common Stock

As of June 30, 2022 and December 31, 2021, common stock subject to possible redemption reflected on the condensed consolidated balance sheets are reconciled in the following table:

 

Gross proceeds from public issuance

 

$

276,000,000

 

Less:

 

 

 

 

Proceeds allocated to public warrants

 

 

(16,771,351)

 

Common stock issuance costs

 

 

(14,849,933

)

Plus:

 

 

 

 

Accretion of carrying value to redemption value

 

 

31,621,284

 

Common stock subject to possible redemption, December 31, 2021

 

 

276,000,000

 

Plus:

 

 

 

 

Accretion of carrying value to redemption value

 

 

239,154

 

Common stock subject to possible redemption, June 30, 2022

 

$

276,239,154