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Private Placement
7 Months Ended
Sep. 30, 2021
Private Placement.  
Private Placement

Note 4 — Private Placement

Simultaneously with the closing of the IPO, as discussed in Note 8, the Company completed a private placement of an aggregate of 9,400,000 warrants at a price of $1.00 per Private Placement Warrant, generating total gross proceeds of $9,400,000. Each Private Placement Warrant entitles the holder thereof to purchase one share of the Company’s Class A common stock at a price of $11.50 per share, subject to adjustment, and will expire worthless if the Company does not complete the initial Business Combination. In addition, the Company also executed promissory notes with the Sponsors, evidencing loans to the Company in the aggregate amount of $6,900,000. See Note 5 for further details.