Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets

v3.22.2
Condensed Balance Sheets - USD ($)
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash $ 402,953 $ 790,770
Prepaid expenses 379,102 533,677
Total current assets 782,055 1,324,447
Investments held in Trust Account 306,447,176 306,003,154
Total Assets 307,229,231 307,327,601
Current liabilities:    
Accounts payable 569,304 304,778
Accrued expenses 12,874
Franchise tax payable 50,416 123,886
Income tax payable 67,900
Due to related party 20,098 11,098
Total current liabilities 707,718 452,636
Deferred underwriting commissions 11,200,000 11,200,000
Total liabilities 11,907,718 11,652,636
Commitments and Contingencies
Class A common stock subject to possible redemption, $0.0001 par value; 30,000,000 shares issued and outstanding at redemption value of approximately $10.20 and $10.20 per share as of June 30, 2022 and December 31, 2021, respectively 306,053,183 306,000,000
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 (10,132,850) (9,726,215)
Total stockholders’ deficit (10,731,670) (10,325,035)
Total Liabilities, Class A Common Stock Subject to Possible Redemption, and Stockholders’ Deficit $ 307,229,231 $ 307,327,601