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Restatement of Previously Issued Financial Statements (Tables)
4 Months Ended
Jun. 30, 2021
Accounting Changes and Error Corrections [Abstract]  
Summary of the Effect of Revision on Financial Statement
The following tables summarize the effect of the restatement on each financial statement line item as of the dates, and for the periods, indicated:
 
 
  
June 30, 2021
 
 
  
As Previously
Reported
 
 
Adjustments
 
 
As Restated
 
Condensed Balance Sheet (unaudited)
  
     
 
     
 
     
Class A common stock subject to possible redemption
  
$
218,774,320
 
 
$
11,225,680
 
 
$
230,000,000
 
Class A common stock
  
$
184
 
 
$
(112
 
$
72
 
Additional paid-in capital
  
$
5,206,491
 
 
$
(5,206,491
 
$
—  
 
Accumulated deficit
  
$
(207,244
 
$
(6,019,077
 
$
(6,226,321
Total stockholders’ equity (deficit)
  
$
5,000,006
 
 
$
(11,225,680
 
$
(6,225,674
Shares of Class A common stock subject to possible redemption
 
 
21,877,432
 
 
 
1,122,568
 
 
 
23,000,000
 
Class A common stock
 
 
1,838,068
 
 
 
(1,122,568
)
 
 
715,500
 
Condensed Statement of Operations for the Three Months Ended June 30, 2021 (unaudited)
  
     
 
     
 
     
Basic and diluted weighted average shares outstanding, Class A common stock
  
 
21,877,432
 
 
 
(13,277,306
 
 
8,600,126
 
Basic and diluted net income (loss) per share, Class A common stock
  
$
0.00
 
 
$
(0.01
 
$
(0.01
Basic and diluted weighted average shares outstanding, Class B common stock 
(1)
  
 
7,110,046
 
 
 
(1,838,068
 
 
5,271,978
 
Basic and diluted net loss per share, Class B common stock
  
$
(0.03
 
$
0.02
 
 
$
(0.01
Condensed Statement of Operations for the Period From March 1, 2021 (Inception) Through June 30, 2021 (unaudited)
  
     
 
     
 
     
Basic and diluted weighted average shares outstanding, Class A common stock
  
 
21,877,432
 
 
 
(15,409,568
 
 
6,467,864
 
Basic and diluted net income (loss) per share, Class A common stock
  
$
0.00
 
 
$
(0.02
 
$
(0.02
Basic and diluted weighted average shares outstanding, Class B common stock 
(1)
  
 
7,042,613
 
 
 
(2,127,324
 
 
4,915,289
 
Basic and diluted net loss per share, Class B common stock
  
$
(0.03
 
$
0.01
 
 
$
(0.02
Condensed Statement of Changes in Stockholders’ Equity (Deficit) for the Three Months Ended June 30, 2021 (unaudited)
  
     
 
     
 
     
Sale of 23,000,000 shares of Class A common stock in Initial Public Offering, net of offering costs
  
$
217,199,768
 
 
$
(217,199,768
 
$
—  
 
Sale of 715,500 shares of Class A common stock in private placement to Sponsor, net of offering costs
  
$
6,756,802
 
 
$
381,635
 
 
$
7,138,437
 
Class A common stock subject to possible redemption
  
$
(218,774,320
 
$
218,774,320
 
 
$
—  
 
Accretion of redeemable Class A common stock to redemption amount
  
$
—  
 
 
$
(13,181,867
 
$
(13,181,867
Condensed Statement of Cash Flows for the Period From March 1, 2021 (Inception) Through June 30, 2021 (unaudited)
  
     
 
     
 
     
Supplemental disclosures of non-cash investing and financing activities
  
     
 
     
 
     
Class A common stock subject to possible redemption
  
$
218,774,320
 
 
$
(218,774,320
 
$
—  
 
Accretion of Class A common stock to redemption amount
  
$
—  
 
 
$
13,181,867
 
 
$
13,181,867
 
 
(1)
 
Prior to the change in presentation for the Class A common stock subject to possible redemption, the Company applied to two class method of earnings per share, allocating net income between redeemable Class A common stock and non-redeemable Class A and Class B common stock. As such, a portion of the Class A common stock was included in the weighted average shares outstanding of Class B common stock in the As Previously Reported balances.