Quarterly report pursuant to Section 13 or 15(d)

REVISION OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS (Tables)

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REVISION OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS (Tables)
8 Months Ended
Sep. 30, 2021
REVISION OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS  
Summary of impact on previously issued financial statements

    

As Previously

    

    

Balance Sheet as of June 11, 2021 (audited)

Reported

Adjustment

As Revised

Class A common stock subject to possible redemption

$

131,721,200

$

18,278,800

$

150,000,000

Class A common stock

$

183

$

(183)

$

Additional paid-in capital

$

5,290,819

$

(5,290,819)

$

Accumulated deficit

$

(291,432)

$

(12,987,798)

$

(13,279,230)

Total Stockholders’ Equity (Deficit)

$

5,000,001

$

(18,278,800)

$

(13,278,799)

As Previously

    

    

Condensed Statement of Changes in Stockholders’ Equity (Deficit) for the three months ended June 30, 2021

    

Reported

    

Adjustment

    

As Revised

Sales of 15,000,000 Units, net of underwriting discounts

$

136,800,951

$

(136,800,951)

 

Proceeds received in excess of fair value of 5,250,000 Private Placement Warrants, net of offering costs

$

186,682

 

(186,682)

 

Initial value of commons stock subject to possible redemption at IPO date

$

(131,721,200)

 

131,721,200

 

Change in value of common stock subject to redemption

$

697,690

 

(697,690)

 

Accretion for Class A common stock to redemption amount

$

 

(13,012,367)

 

(13,012,367)

Total stockholders’ equity (deficit)

$

5,000,010

 

(18,976,490)

 

(13,976,480)