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 and cash equivalents $ 586,500 $ 790,770
Prepaid expenses 456,457 533,677
Total current assets 1,042,957 1,324,447
Investments held in Trust Account 306,033,968 306,003,154
Total Assets 307,076,925 307,327,601
Current liabilities:    
Accounts payable 406,679 304,778
Accrued expenses 3,486 12,874
Franchise tax payable 50,000 123,886
Due to related party 15,598 11,098
Total current liabilities 475,763 452,636
Deferred underwriting commissions 11,200,000 11,200,000
Total liabilities 11,675,763 11,652,636
Commitments and Contingencies
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 306,000,000 306,000,000
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) 135 135
Class B common stock, $0.0001 par value; 20,000,000 shares authorized; 10,450,000 shares issued and outstanding 1,045 1,045
Additional paid-in capital
Subscription receivable (600,000) (600,000)
Accumulated deficit (10,000,018) (9,726,215)
Total stockholders’ deficit (10,598,838) (10,325,035)
Total Liabilities, Class A Common Stock Subject to Possible Redemption, and Stockholders’ Deficit $ 307,076,925 $ 307,327,601