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Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2022
Accounting Policies [Abstract]  
Reconciliation Of Class A Ordinary Shares, Classified As Temporary Equity In Balance Sheet

As of June 30, 2022, the Class A ordinary shares, classified as temporary equity in the balance sheet, are reconciled in the following table:

 

Gross proceeds from initial public offering

 

$

108,650,000

 

 

 

 

 

 

Less:

 

 

 

 

Proceeds allocated to public warrants

 

 

(2,826,900

)

Offering costs allocated to Class A ordinary shares subject to possible redemption

 

 

(7,193,315

)

 

 

 

 

 

Plus:

 

 

 

 

Re-measurement  on Class A ordinary shares subject to possible redemption amount

 

 

12,902,206

 

 

 

 

 

 

Class A ordinary shares subject to possible redemption, June 30, 2022

 

$

111,531,991

 

 

Summary Of Earnings Per Share Presented In Statement Of Operations

The earnings per share presented in the Statement of Operations is based on the following:

 

 

 

For Three Months

Ended June 30,

2022

 

 

For Six Months

Ended June 30,

2022

 

Net loss

 

$

(119,425

)

 

$

(724,120

)

Accretion of temporary equity to redemption value

 

 

(158,168

)

 

 

(12,902,206

)

Net loss including accretion of temporary equity to redemption value

 

$

(277,593

)

 

$

(13,626,326

)

 

 

 

 

For Three Months Ended

June 30, 2022

 

 

For Six Months Ended

June 30, 2022

 

 

 

Class A

 

 

Class B

 

 

Class A

 

 

Class B

 

Basic and diluted net income (loss) per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allocation of net loss including accretion of temporary equity

 

$

(222,074

)

 

$

(55,519

)

 

$

(10,448,652

)

 

$

(3,177,674

)

Allocation of accretion of temporary equity to redemption value

 

 

158,168

 

 

 

 

 

 

12,902,206

 

 

 

 

Allocation of net income (loss)

 

$

(63,906

)

 

$

(55,519

)

 

$

2,453,554

 

 

$

(3,177,674

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding

 

 

10,865,000

 

 

 

2,716,250

 

 

 

7,128,950

 

 

 

2,638,591

 

Basic and diluted net income (loss) per share

 

$

(0.01

)

 

$

(0.02

)

 

$

0.34

 

 

$

(1.20

)