Quarterly report pursuant to Section 13 or 15(d)

CONDENSED BALANCE SHEETS (Unaudited)

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CONDENSED BALANCE SHEETS (Unaudited) - USD ($)
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash $ 730,997 $ 1,366,553
Prepaid insurance and other current assets 438,168 427,481
Total current assets 1,169,165 1,794,034
Prepaid insurance - noncurrent 32,174 343,952
Investments held in trust account 202,971,925 201,951,985
TOTAL ASSETS 204,173,264 204,089,971
Current liabilities:    
Accounts payable 51,228 5,554
Accrued expenses 160,134 153,803
Accrued contingent legal costs 1,969,181 1,289,149
Due to Sponsor 37,628 66,017
Total current liabilities 2,218,171 1,514,523
Warrant liabilities 1,709,658 9,498,099
Deferred underwriting fee payable 2,099,501 6,998,336
TOTAL LIABILITIES 6,027,330 18,010,958
Class A ordinary shares subject to possible redemption; 19,995,246 shares at redemption value of $10.15 per share and $10.10 per share at September 30, 2022 and December 31, 2021, respectively 202,871,925 201,951,985
Shareholders’ Deficit    
Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued and outstanding
Additional paid-in capital 1,963,265
Accumulated deficit (6,689,756) (15,873,472)
Total Shareholders’ Deficit (4,725,991) (15,872,972)
TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT 204,173,264 204,089,971
Class A Ordinary Shares [Member]    
Shareholders’ Deficit    
Ordinary shares
Class B Ordinary Shares [Member]    
Shareholders’ Deficit    
Ordinary shares $ 500 $ 500