| Schedule Of Class A common stocks reflected in the condensed balance sheets are reconciled |
At September 30, 2022 and December 31, 2021, the Class A common stock reflected in the condensed balance sheets are reconciled in the following table:
|
|
|
|
Gross proceeds |
|
$ |
115,000,000 |
Less: |
|
|
|
Proceeds allocated to Public Warrants |
|
|
(5,290,000) |
Class A common stock issuance at cost |
|
|
(1,479,418) |
Plus: |
|
|
|
Accretion of carrying value to redemption value |
|
|
7,919,418 |
Class A common stock subject to possible redemption, December 31, 2021 |
|
|
116,150,000 |
Plus: |
|
|
|
Accretion of carrying value to redemption value |
|
|
261,474 |
Class A common stock subject to possible redemption, September 30, 2022 |
|
$ |
116,411,474 |
|
At December 31, 2021, the Class A common stock reflected in the balance sheets is reconciled in the following table:
|
|
|
|
Gross proceeds |
|
$ |
115,000,000 |
Less: |
|
|
|
Proceeds allocated to Public Warrants |
|
$ |
(5,290,000) |
Class A common stock issuance at cost |
|
$ |
(1,479,418) |
Plus: |
|
|
|
Accretion of carrying value to redemption value |
|
$ |
7,919,418 |
Class A common stock subject to possible redemption |
|
$ |
116,150,000 |
|
| Schedule of net loss per common share |
The following table reflects the calculation of basic and diluted net income (loss) per common share (in dollars, except per share amounts):
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|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
Three Months Ended |
|
|
September 30, 2022 |
|
September 30, 2021 |
|
|
Class A |
|
Class B |
|
Class A |
|
Class B |
Basic and diluted net (loss) income per common stock |
|
|
|
|
|
|
|
|
|
|
|
|
Numerator: |
|
|
|
|
|
|
|
|
|
|
|
|
Allocation of net (loss) income, as adjusted |
|
$ |
(232,395) |
|
$ |
(58,099) |
|
$ |
833,202 |
|
$ |
208,301 |
Denominator: |
|
|
|
|
|
|
|
|
|
|
|
|
Basic and diluted weighted average shares outstanding |
|
|
11,500,000 |
|
|
2,875,000 |
|
|
11,500,000 |
|
|
2,875,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic and diluted net (loss) income per common shares |
|
$ |
(0.02) |
|
$ |
(0.02) |
|
$ |
0.07 |
|
$ |
0.07 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended |
|
Nine Months Ended |
|
|
September 30, 2022 |
|
September 30, 2021 |
|
|
Class A |
|
Class B |
|
Class A |
|
Class B |
Basic and diluted net income per common stock |
|
|
|
|
|
|
|
|
|
|
|
|
Numerator: |
|
|
|
|
|
|
|
|
|
|
|
|
Allocation of net income, as adjusted |
|
$ |
1,352,194 |
|
$ |
338,048 |
|
$ |
2,398,095 |
|
$ |
691,318 |
Denominator: |
|
|
|
|
|
|
|
|
|
|
|
|
Basic and diluted weighted average shares outstanding |
|
|
11,500,000 |
|
|
2,875,000 |
|
|
9,772,894 |
|
|
2,817,308 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic and diluted net income per common shares |
|
$ |
0.12 |
|
$ |
0.12 |
|
$ |
0.25 |
|
$ |
0.25 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Period from August 5, |
|
|
Year Ended |
|
2020 (Inception) Through |
|
|
December 31, |
|
December 31, |
|
|
2021 |
|
2020 |
|
|
Class A |
|
Class B |
|
Class A |
|
Class B |
Basic net income (loss) per common share |
|
|
|
|
|
|
|
|
|
|
|
|
Numerator: |
|
|
|
|
|
|
|
|
|
|
|
|
Allocation of net income (loss), as adjusted |
|
$ |
2,539,677 |
|
$ |
704,529 |
|
$ |
— |
|
$ |
(5,476) |
Denominator: |
|
|
|
|
|
|
|
|
|
|
|
|
Basic weighted average shares outstanding |
|
|
10,208,219 |
|
|
2,831,849 |
|
|
— |
|
|
2,500,000 |
Basic net income (loss) per common share |
|
$ |
0.25 |
|
$ |
0.25 |
|
$ |
— |
|
$ |
(0.00) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Period from August 5, |
|
|
Year Ended |
|
2020 (Inception) Through |
|
|
December 31, |
|
December 31, |
|
|
2021 |
|
2020 |
|
|
Class A |
|
Class B |
|
Class A |
|
Class B |
Diluted net income per common share |
|
|
|
|
|
|
|
|
|
|
|
|
Numerator: |
|
|
|
|
|
|
|
|
|
|
|
|
Allocation of net income, as adjusted |
|
$ |
2,531,301 |
|
$ |
712,905 |
|
$ |
— |
|
$ |
— |
Denominator: |
|
|
|
|
|
|
|
|
|
|
|
|
Diluted weighted average shares outstanding |
|
|
10,208,219 |
|
|
2,875,000 |
|
|
— |
|
|
— |
Diluted net income per common share |
|
$ |
0.25 |
|
$ |
0.25 |
|
$ |
— |
|
$ |
— |
|