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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
9 Months Ended 10 Months Ended
Sep. 30, 2022
Dec. 31, 2021
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES    
Schedule of Class A common shares subject to possible redemption reflected on the balance sheet

Gross proceeds from IPO

    

$

143,750,000

Less:

 

  

Offering costs allocated to Class A ordinary shares subject to possible redemption

 

(7,193,811)

Private placement warrants proceeds in excess of fair value

 

(2,921,750)

Plus:

 

  

Remeasurement of carrying value to redemption value

 

10,115,561

Class A ordinary shares subject to possible redemption, December 31, 2021

 

143,750,000

Remeasurement of carrying value to redemption value

 

607,177

Class A ordinary shares subject to possible redemption, September 30, 2022

$

144,357,177

As of December 31, 2021, Class A common stock subject to possible redemption reflected on the balance sheet is reconciled on the following table:

For the

Period from

February 26,

2021

(Inception)

Through

December 31,

2021

Gross proceeds

    

$

143,750,000

Less:

 

  

Offering costs allocated to Class A common stock subject to possible redemption

 

(7,193,811)

Private placement warrants proceeds in excess of fair value

 

(2,921,750)

Plus:

 

  

Re-measurement of carrying value to redemption value

 

10,115,561

Class A common stock subject to possible redemption

$

143,750,000

Reconciliation of Net Loss per Common Share

For the Three Months Ended

    

For the Nine Months Ended

September 30, 2022

September 30, 2022

    

Class A

    

Class B

    

Class A

    

Class B

Basic and diluted net loss per ordinary share

 

  

 

  

 

  

 

  

Numerator:

 

 

 

 

Allocation of net loss

$

(504,750)

$

(126,188)

$

(1,412,979)

$

(353,245)

Denominator:

 

  

 

  

 

  

 

  

Basic and diluted weighted average ordinary shares outstanding

 

14,375,000

 

3,593,750

 

14,375,000

 

3,593,750

Basic and diluted net loss per ordinary share

$

(0.04)

$

(0.04)

$

(0.10)

$

(0.10)

    

For the Three Months Ended

    

For the Period from
February 26, 2021 (Inception)

September 30, 2021

Through September 30, 2021

Class A

    

Class B

Class A

    

Class B

Basic and diluted net loss per ordinary share

 

  

 

  

 

  

 

  

Numerator:

 

  

 

  

 

  

 

  

Allocation of net loss

$

(115,500)

$

(29,150)

$

(98,373)

$

(58,628)

Denominator:

 

  

 

  

 

  

 

  

Basic and diluted weighted average ordinary shares outstanding

 

14,239,458

 

3,593,750

 

6,029,974

 

3,593,750

Basic and diluted net loss per ordinary share

$

(0.01)

$

(0.01)

$

(0.02)

$

(0.02)

    

For the Period from February 26, 2021 (Inception)

Through December 31, 2021

    

Class A

    

Class B

Basic and diluted net income (loss) per common share

 

  

 

  

Numerator:

 

  

 

  

Allocation of loss, as adjusted

$

(595,283)

$

(246,016)

Denominator:

 

  

 

  

Basic and diluted weighted average shares outstanding

 

8,695,747

 

3,593,750

Basic and diluted loss per common share

$

(0.07)

$

(0.07)