Quarterly report pursuant to Section 13 or 15(d)

Unaudited Condensed Statements of Operations

v3.22.2.2
Unaudited Condensed Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
General and administrative expenses $ 616,731 $ 663,775 $ 1,150,155 $ 1,007,510
Franchise tax expenses 50,000 49,315 100,000 97,589
Loss from operations (666,731) (713,090) (1,250,155) (1,105,099)
Other income (expense)        
Change in fair value of derivative warrant liabilities 9,453,450 (9,802,990) 22,701,250 (13,195,740)
Change in fair value of promissory note – related party (39,930) (145,180) 1,660 (145,180)
Loss on promissory note - related party (37,020) (37,020)
Financing costs - derivative warrant liabilities (1,406,506)
Income from investments held in Trust Account 1,225,056 13,108 1,295,452 20,166
Interest earned on bank account 2 16
Income (loss) before income tax 9,971,847 (10,685,172) 22,748,223 (15,869,379)
Income tax expense 219,373 219,373
Net income (loss) $ 9,752,474 $ (10,685,172) $ 22,528,850 $ (15,869,379)
Class A Common Stock        
Other income (expense)        
Weighted average shares outstanding of common stock, basic and diluted (in Shares) 86,250,000 86,250,000 86,250,000 67,665,746
Basic and diluted net income (loss) per share, common stock (in Dollars per share) $ 0.09 $ (0.1) $ 0.21 $ (0.18)
Class B Common Stock        
Other income (expense)        
Weighted average shares outstanding of common stock, basic and diluted (in Shares) 21,562,500 21,562,500 21,562,500 20,956,492
Basic and diluted net income (loss) per share, common stock (in Dollars per share) $ 0.09 $ (0.1) $ 0.21 $ (0.18)