Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.22.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2021
Accounting Policies [Abstract]  
Schedule of Class A Common Stock Subject to Redemption

At December 31, 2021, the Class A common stock subject to redemption reflected in the balance sheet is reconciled in the following table:

 

Gross proceeds

 

$

200,000,000

 

Less:

 

 

 

 

Proceeds allocated to Public Warrants

 

 

(5,000,000

)

Class A common stock issuance costs

 

 

(11,168,509

)

Plus:

 

 

 

 

Accretion of carrying value to redemption value

 

 

16,168,509

 

Class A common stock subject to possible redemption

 

$

200,000,000

 

Schedule of Calculation of Basic and Diluted Net Loss per Common Stock

The following table reflects the calculation of basic and diluted net loss per common stock (in dollars, except per share amounts):

 

 

 

Year Ended

December 31, 2021

 

 

 

Class A

 

 

Class B

 

Basic and diluted net loss per common stock

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

Allocation of net loss, as adjusted

 

$

(650,573

)

 

$

(204,012

)

Denominator:

 

 

 

 

 

 

 

 

Basic and diluted weighted average shares outstanding

 

 

15,944,444

 

 

 

5,000,000

 

 

 

 

 

 

 

 

 

 

Basic and diluted net loss per common stock

 

$

(0.04

)

 

$

(0.04

)