Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets

v3.22.1
Condensed Balance Sheets - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash $ 99,773 $ 152,443
Investment in Mutual Funds 681,603 998,796
Prepaid Expenses 240,923 224,880
Total current assets 1,022,299 1,376,119
Other noncurrent assets 26,682
Cash and Investments held in Trust Account 300,051,943 300,025,197
Total assets 301,074,242 301,427,998
Current liabilities:    
Accounts payable and accrued expenses 154,795 321,157
Due to related party
Total current liabilities 154,795 321,157
Warrant liability 2,464,000 4,774,000
Deferred underwriting fee 10,500,000 10,500,000
Total liabilities 13,118,795 15,595,157
Commitments and Contingencies (Note 6)
Common Stock subject to possible redemption, 30,000,000 shares at $10.00 redemption value at March 31, 2022 December 31, 2021 300,000,000 300,000,000
Stockholders’ Deficit:    
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding
Class A common stock, $0.0001 par value; 100,000,000 shares authorized; 800,000 shares issued and outstanding (excluding 30,000,000 shares subject to possible redemption) at March 31, 2022 and December 31, 2021 80 80
Class B common stock, $0.0001 par value; 10,000,000 shares authorized; 7,500,000 shares issued and outstanding at March 31, 2022 and December 31, 2021 750 750
Additional paid-in capital
Accumulated deficit (12,045,383) (14,167,989)
Total stockholders’ deficit (12,044,553) (14,167,159)
Total Liabilities, Redeemable Common Stock and Stockholders’ Deficit $ 301,074,242 $ 301,427,998