Quarterly report pursuant to Section 13 or 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.22.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 6 Months Ended
Jun. 30, 2022
Accounting Policies [Abstract]  
Schedule of redemption of Class A ordinary shares
       
Gross proceeds   $ 199,952,460  
Less:        
Proceeds allocated to Public Warrants     (9,797,808 )
Issuance costs allocated to Class A ordinary shares     (29,576,119 )
Plus:        
Remeasurement of carrying value to redemption value     41,373,452  
Class A ordinary shares subject to possible redemption as of December 31, 2021     201,951,985  
Plus:        
Remeasurement of carrying value to redemption value     68,904  
Class A ordinary shares subject to possible redemption as of June 30, 2022   $ 202,020,888  
Schedule of basic and diluted net income per ordinary share
                                                               
    Three Months Ended
June 30,
2022		     Three Months Ended
June 30,
2021		     Six Months Ended
June 30,
2022		     For the
period from
February 16, 2021
(inception) through
June 30,
2021		  
    Class A     Class B     Class A     Class B     Class A     Class B     Class A     Class B  
Basic and diluted net income (loss) per share:                                                                
Numerator:                                                                
Net income (loss)   $ 1,119,384     $ 279,846     $ —     $ —   $ 2,610,449     $ 652,612     $ —     $ (9,647 )
Denominator:                                                                
Basic and diluted weighted average shares outstanding     19,995,246       4,998,811       —       4,375,000       19,995,246       4,998,811       —       4,375,000  
Basic and diluted net income (loss) per share   $ 0.06     $ 0.06     $ —     $ (0.00 )   $ 0.13     $ 0.13     $ —     $ (0.00 )