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Summary of Significant Accounting Policies (Tables)

3 Months Ended

10 Months Ended

Mar. 31, 2022

Dec. 31, 2021

Summary of Significant Accounting Policies

Reconciliation of Net Loss per Common Share


					For the Period From
		For the Three Months			February 25, 2021 (Inception)
		Ended March 31, 2022			Through March 31, 2021
Redeemable Common Stock
Allocation of net loss		$	(122,049)		$	—
Denominator:
Weighted average shares of redeemable common stock outstanding			20,000,000			—
Basic and Diluted Net Loss per Redeemable Common Share		$	(0.01)		$	—
Non-Redeemable Common Stock
Allocation of net loss		$	(30,512)		$	(770)
Denominator:
Weighted average shares of non-redeemable common stock outstanding⁽¹⁾			5,000,000			5,000,000
Basic and Diluted Net Loss per Non-Redeemable Common Share		$	(0.01)		$	(0.00)


		For the period from
		February 25, 2021
		(inception) through
		December 31, 2021
Redeemable Common Stock
Allocation of net loss		$	(105,734)
Denominator: Weighted Average-Redeemable Common Stock
Weighted average shares outstanding			7,032,258
Basic and Diluted Net loss per Common Share, Redeemable Common Stock		$	(0.02)
Non-Redeemable Common Stock
Allocation of net loss		$	(75,177)
Denominator: Weighted Average-Non-Redeemable Common Stock
Weighted average shares outstanding			5,000,000
Basic and Diluted Net loss per Common Share, Non-Redeemable Common Stock		$	(0.02)

summary of the components of the provision for income taxes


Federal
Current		$	—
Deferred			37,991
State
Current			—
Deferred			—
Change in valuation allowance			(37,991)
Income tax provision		$	—

Summary of Effective tax rate reconciliation


Effective Tax Rate Reconciliation		Tax-Effected			Rate
Pre-Tax Book Loss		$	(37,991)		21.00	%
Change in Valuation Allowance			37,991		(21.00)	%
Income Tax (Expense) Benefit		$	—		0.00	%

Significant components of the Company's deferred tax assets and liabilities


Organization costs		$	26,251
Net operating loss carryforward			11,740
Total deferred tax asset			37,911
Valuation allowance			(37,911)
Net Deferred Tax Assets/(Liabilities)		$	—

Schedule of common stock subject to possible redemption

The common stock subject to possible redemption reflected on the balance sheet as of December 31, 2021 is reconciled in the following table:


Gross proceeds		$	200,000,000
Less:
Common stock issuance costs			(21,514,584)
Proceeds allocated to Public Warrants at issuance			(5,000,000)
Plus:
Remeasurement of carrying value to redemption value			27,514,584
Common stock subject to possible redemption		$	201,000,000

Tabular disclosure of the nature and terms of the financial instruments and the rights and obligations embodied in those instruments, information about settlement alternatives, if any, in the contract and identification of the entity that controls the settlement alternatives including: a. The amount that would be paid, or the number of shares that would be issued and their fair value, determined under the conditions specified in the contract if the settlement were to occur at the reporting date b. How changes in the fair value of the issuer's equity shares would affect those settlement amounts (for example, "the issuer is obligated to issue an additional x shares or pay an additional y dollars in cash for each $1 decrease in the fair value of one share") c. The maximum amount that the issuer could be required to pay to redeem the instrument by physical settlement, if applicable d. The maximum number of shares that could be required to be issued, if applicable e. That a contract does not limit the amount that the issuer could be required to pay or the number of shares that the issuer could be required to issue, if applicable f. For a forward contract or an option indexed to the issuer's equity shares, the forward price or option strike price, the number of issuer's shares to which the contract is indexed, and the settlement date or dates of the contract, as applicable. g. The components of the liability that would otherwise be related to shareholders' interest and other comprehensive income (if any) subject to the redemption feature (for example, par value and other paid in amounts of mandatorily redeemable instruments are disclosed separately from the amount of retained earnings or accumulated deficit).

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