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Condensed Balance Sheets - USD ($)
Mar. 31, 2022
Dec. 31, 2021
ASSETS    
Cash $ 465,918 $ 769,432
Prepaid expenses 239,583 313,125
Total Current Assets 705,501 1,082,557
Investment held in Trust Account 253,031,569 253,027,240
TOTAL ASSETS 253,737,070 254,109,797
LIABILITIES, CLASS A COMMON STOCK SUBJECT TO POSSIBLE REDEMPTION, AND STOCKHOLDERS’ DEFICIT    
Accrued expenses 2,996,868 2,908,800
Accrued offering costs 12,000 12,000
Due to Sponsor 16,152 16,152
Total Current Liabilities 3,025,020 2,936,952
Warrant liabilities 2,628,000 10,142,642
Deferred underwriting fee payable 8,855,000 8,855,000
Total Liabilities 14,508,020 21,934,594
Commitments and contingencies
Class A common stock subject to possible redemption 25,300,000 shares at $10.00 per share redemption value at March 31, 2022 and December 31, 2021 253,000,000 253,000,000
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; 80,000,000 shares authorized, none outstanding (less 25,300,000 shares subject to redemption at March 31, 2022 and December 31, 2021)
Class B common stock, $0.0001 par value; 20,000,000 shares authorized; 6,325,000 shares issued and outstanding at March 31, 2022 and December 31, 2021 [1] 633 633
Additional paid-in capital
Accumulated deficit (13,771,583) (20,825,430)
Total Stockholders’ Deficit (13,770,950) (20,824,797)
LIABILITIES, CLASS A COMMON STOCK SUBJECT TO POSSIBLE REDEMPTION, AND STOCKHOLDERS’ DEFICIT $ 253,737,070 $ 254,109,797
[1] On February 11, 2021, the Company effected a 1:1.1 stock split of its Class B common stock, resulting in an aggregate of 6,325,000 shares outstanding. All share and per-share amounts have been retroactively restated to reflect the stock split.