XML 29 R18.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Basis of Presentation and Summary of Significant Accounting Policies (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2022
Accounting Policies [Abstract] |
Summary of Reconciled of Class A Common Stock | At September 30, 2022, and December 31, 2021, the Class A common stock reflected in the Condensed Consolidated balance sheets is reconciled in the following table:
Gross Proceeds |  | $ | 345,000,000 |
Less: |  |  |  |
Proceeds allocated to Public Warrants |  |  | (14,662,500 | )
Proceeds allocated to FPA liability |  |  | (1,000,000 | )
Class A common stock issuance costs |  |  | (18,978,817 | )
Plus: |  |  |  |
Remeasurement of carrying value to redemption value |  |  | 34,641,317 |
Class A common stock subject to possible redemption December 31, 2021 |  | $ | 345,000,000 |
Redemption of Class A common stock |  |  | (248,087,256 | )
Remeasurement of carrying value to redemption value |  |  | 184,052 |
Contribution to trust account |  |  | 962,178 |
Class A common stock subject to possible redemption |  | $ | 98,058,974 |
Calculation of Basic and Diluted Net Income (loss) per Common Share | The following table reflects the calculation of basic and diluted net income (loss) per common share (in dollars, except per share amounts):
|  | For the Three Months Ended September 30, |  |  | For the Three Months Ended September 30, |  |  | Nine Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Net earnings (loss) |  | $ | (6,347,119 | ) |  | $ | 10,763,775 |  |  | $ | 1,902,803 |  |  | $ | 14,377,387 |
Net earnings attributable to shareholders |  | $ | (6,347,119 | ) |  | $ | 10,763,775 |  |  | $ | 1,902,803 |  |  | $ | 14,377,387 |
Redeemable Class A Common Stock |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Numerator: Earnings (loss) allocable to Redeemable Class A Common Stock |  | $ | (4,140,468 | ) |  | $ | 8,611,020 |  |  | $ | 1,458,673 |  |  | $ | 11,501,910 |
Denominator: Basic and diluted weighted average shares outstanding, Redeemable Class A |  |  | 16,183,588 |  |  |  | 34,500,000 |  |  |  | 28,327,436 |  |  |  | 34,500,000 |
Basic and diluted earnings (loss) per share, Redeemable Class A |  | $ | (0.26 | ) |  | $ | 0.25 |  |  | $ | 0.05 |  |  | $ | 0.33 |
Non-Redeemable Class A and Class B Common Stock |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Numerator: Earnings (loss) allocable to Non-Redeemable Class A and Class B Common Stock |  | $ | (2,206,651 | ) |  | $ | 2,152,755 |  |  | $ | 444,130 |  |  | $ | 2,875,477 |
Denominator: Basic and diluted weighted average shares outstanding, Non-Redeemable Class A and Class B |  |  | 8,625,000 |  |  |  | 8,625,000 |  |  |  | 8,625,000 |  |  |  | 8,625,000 |
Basic and diluted net earnings (loss) per share, Non-Redeemable Class A and Class B |  | $ | (0.26 | ) |  | $ | 0.25 |  |  | $ | 0.05 |  |  | $ | 0.33 |

X
- References No definition available. + Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of temporary equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (27) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 480 -SubTopic 10 -Section S99 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=122040564&loc=d3e177068-122764 + Details
Name: | us-gaap_TemporaryEquityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration