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Balance Sheets - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash $ 72,753 $ 1,227,914
Prepaid expenses 185,213 411,358
Total current assets 257,966 1,639,272
Prepaid expenses – non-current portion 175,362
Reimbursement receivable 1,155,000 1,155,000
Investments held in Trust Account 254,251,750 222,200,530
TOTAL ASSETS 255,664,716 225,170,164
Current liabilities:    
Accounts payable and accrued expenses 111,063 77,131
Due to related party 21,535 16,451
Income tax payable 359,410
Total current liabilities 492,008 93,582
Deferred underwriters’ discount 8,704,270 7,700,000
Deferred advisory fee 1,155,000 1,155,000
Total liabilities 10,351,278 8,948,582
Commitments and Contingencies
Class A common stock subject to possible redemption, $0.0001 par value; 24,869,342 and 22,000,000 issued and outstanding shares at a redemption value of $10.21 and $10.10 per share as of December 31, 2022 and 2021, respectively 253,814,255 222,200,000
Stockholders’ Deficit    
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding
Class A common stock, $0.0001 par value; 42,000,000 shares authorized; 976,081 and 890,000 issued and outstanding as of December 31, 2022 and 2021, respectively (net of 24,869,342 and 22,000,000 shares subject to possible redemption as of December 31, 2022 and 2021, respectively) 98 89
Class B common stock, $0.0001 par value; 10,000,000 shares authorized; 8,615,141 and 8,763,333 shares issued and outstanding as of December 31, 2022 and 2021, respectively 861 876
Additional paid-in capital
Accumulated deficit (8,501,776) (5,979,383)
Total stockholders’ deficit (8,500,817) (5,978,418)
Total Liabilities, Redeemable Common Stock and Stockholders’ Deficit $ 255,664,716 $ 225,170,164