SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2022

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of Class A common shares subject to possible redemption reflected on the balance sheet

Gross proceeds from IPO	$	143,750,000
Less:
Offering costs allocated to Class A ordinary shares subject to possible redemption		(7,193,811)
Private placement warrants proceeds in excess of fair value		(2,921,750)
Plus:
Remeasurement of carrying value to redemption value		10,115,561
Class A ordinary shares subject to possible redemption, December 31, 2021		143,750,000
Remeasurement of carrying value to redemption value		212,988
Class A ordinary shares subject to possible redemption, June 30, 2022		143,962,988

Reconciliation of Net Loss per Common Share

	For the Three Months Ended				For the Six Months Ended
	June 30, 2022				June 30, 2022
	Class A		Class B		Class A		Class B
Basic and diluted net loss per ordinary share
Numerator:
Allocation of net loss		(248,419)		(62,106)		(908,228)		(227,058)
Denominator:
Basic and diluted weighted average ordinary shares outstanding		14,375,000		3,593,750		14,375,000		3,593,750
Basic and diluted net loss per ordinary share	$	(0.02)	$	(0.02)	$	(0.06)	$	(0.06)