Quarterly report pursuant to Section 13 or 15(d)

CONDENSED BALANCE SHEETS

v3.22.2
CONDENSED BALANCE SHEETS - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Current assets    
Cash $ 281,258 $ 841,226
Prepaid expenses 427,981 424,695
Total current assets 709,239 1,265,921
Non-current prepaid expenses   175,216
Marketable securities held in Trust Account 172,743,618 172,506,512
Total Assets 173,452,857 173,947,649
Current liabilities    
Accrued expenses 287,830 478,611
Income taxes payable 13,352  
Total current liabilities 301,182 478,611
Warrant liabilities 1,236,600 6,083,516
Deferred underwriting fee payable 6,037,500 6,037,500
Total liabilities 7,575,282 12,599,627
Commitments (Note 6)
Class A common stock subject to possible redemption, $0.0001 par value; 17,250,000 shares at redemption value of $10.00 per share as of June 30, 2022 and December 31, 2021 172,500,000  
Stockholders' Deficit    
Preferred stock, $0.0001 par value; 1,000,000 shares authorized, none issued and outstanding
Accumulated deficit (6,622,856) (11,152,409)
Total Stockholders' Deficit (6,622,425) (11,151,978)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT 173,452,857 173,947,649
Class A Common Stock Subject to Redemption    
Current liabilities    
Class A common stock subject to possible redemption, $0.0001 par value; 17,250,000 shares at redemption value of $10.00 per share as of June 30, 2022 and December 31, 2021 172,500,000 172,500,000
Class B common stock    
Stockholders' Deficit    
Common stock $ 431 $ 431