Annual report pursuant to Section 13 and 15(d)

Balance Sheet

v3.22.0.1
Balance Sheet
Dec. 31, 2021
USD ($)
Current assets:  
Cash $ 790,770
Prepaid expenses 533,677
Total current assets 1,324,447
Investments held in Trust Account 306,003,154
Total Assets 307,327,601
Current liabilities:  
Accounts payable 304,778
Accrued expenses 12,874
Franchise tax payable 123,886
Due to related party 11,098
Total current liabilities 452,636
Deferred underwriting commissions 11,200,000
Total liabilities 11,652,636
Commitments and Contingencies (Note 6)
Class A common stock subject to possible redemption, $0.0001 par value; 30,000,000 issued and outstanding at redemption value of $10.20 per share 306,000,000
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; 300,000,000 shares authorized; 1,350,000 shares issued and outstanding (excluding 30,000,000 shares subject to possible redemption) 135
Class B common stock, $0.0001 par value; 20,000,000 shares authorized; 10,450,000 shares issued and outstanding 1,045 [1]
Additional paid-in capital
Subscription receivable (600,000)
Accumulated deficit (9,726,215)
Total stockholders’ deficit (10,325,035)
Total Liabilities, Class A Common Stock Subject to Possible Redemption, and Stockholders’ Deficit $ 307,327,601
[1] In November 2021, the Company effected a 1.0627119 for 1 stock split of the Class B common stock, resulting in an aggregate of 10,450,000 shares of common stock issued and outstanding. All shares and associated amounts have been retroactively restated to reflect the stock split (see Note 5).