Tech and Energy Transition (TETC) 10-Q22 Aug 222022 Q1 Quarterly reportFinancial data

Company Profile

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
Document And Entity Information - shares	Jun. 30, 2022	Aug. 22, 2022
Document Information Line Items
Entity Registrant Name	Tech and Energy Transition Corporation
Trading Symbol	TETC
Document Type	10-Q
Current Fiscal Year End Date	--03-31
Amendment Flag	false
Entity Central Index Key	0001840920
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Document Period End Date	Jun. 30, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Shell Company	true
Entity Ex Transition Period	false
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	001-40198
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	83-0781939
Entity Address, Address Line One	125 W 55th St
Entity Address, City or Town	New York,
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10019
City Area Code	(212)
Local Phone Number	231-1000
Entity Interactive Data Current	Yes
Title of 12(b) Security	Shares of Class A common stock included as part of the Units
Security Exchange Name	NASDAQ
Class A Common Stock
Document Information Line Items
Entity Common Stock, Shares Outstanding		38,500,000
Class B Common Stock
Document Information Line Items
Entity Common Stock, Shares Outstanding		9,625,000

Condensed Balance Sheets

Condensed Balance Sheets - USD ($)	Jun. 30, 2022	Mar. 31, 2022
Current assets:
Cash	$ 870,232	$ 239,492
Prepaid expenses	463,201	544,095
Total current assets	1,333,433	783,587
Investments held in trust account	385,549,568	385,045,219
Total assets	386,883,001	385,828,806
Current liabilities:
Accrued offering costs and expenses	1,199,460	1,552,388
Due to related party	2,299	2,299
Accrued income taxes	73,855
Promissory Note – related party	751,580
Total current liabilities	2,027,194	1,554,687
Derivative warrant liabilities	3,030,000	5,656,000
Deferred Underwriters' Discount	13,475,000	13,475,000
Total liabilities	18,532,194	20,685,687
Commitments and Contingencies (Note 6)
Class A Common Stock subject to possible redemption, 38,500,000 shares at redemption value	385,425,713	385,000,000
Stockholders’ Deficit
Common stock, Class B $0.0001 par value; 50,000,000 shares authorized, 9,625,000 shares issued and outstanding at June 30, 2022 and March 31, 2022	963	963
Additional paid-in-capital
Accumulated Deficit	(17,075,869)	(19,857,844)
Total stockholders’ deficit	(17,074,906)	(19,856,881)
Total liabilities and stockholders’ deficit	$ 386,883,001	$ 385,828,806

Condensed Balance Sheets (Paren

Condensed Balance Sheets (Parentheticals) - $ / shares	Jun. 30, 2022	Mar. 31, 2022
Class A Common Stock
Common stock subject to possible redemption, shares	38,500,000	38,500,000
Class B Common Stock
Common stock, par value (in Dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	9,625,000	9,625,000
Common stock, shares outstanding	9,625,000	9,625,000

Unaudited Condensed Statements

Unaudited Condensed Statements of Operations - USD ($)	3 Months Ended
Unaudited Condensed Statements of Operations - USD ($)	Jun. 30, 2022	Jun. 30, 2021
Income/(Expense)
Formation and operating expenses	$ 397,226	$ 419,318
Loss from operations before income tax benefit	(397,226)	(419,318)
Change in fair value of warrant liabilities	2,626,000	(2,295,667)
Gain on expiration of over-allotment option		1,097,250
Change in fair value of Promissory Note	548,420
Interest Income	504,349	5,751
Total other income/(expenses)	3,678,769	(1,192,666)
Income before provision for income taxes	3,281,543	(1,611,984)
Provision for income taxes	(73,855)
Net Income/(Loss)	$ 3,207,688	$ (1,611,984)
Class A Common Stock
Income/(Expense)
Weighted average basic shares outstanding (in Shares)	38,500,000	38,500,000
Basic net income/(loss) per share (in Dollars per share)	$ 0.07	$ (0.04)
Class B Common Stock
Income/(Expense)
Weighted average basic shares outstanding (in Shares)	9,625,000	10,116,827
Basic net income/(loss) per share (in Dollars per share)	$ 0.07	$ (0.04)

Unaudited Condensed Statement_2

Unaudited Condensed Statements of Operations (Parentheticals) - $ / shares	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Class A Common Stock
Weighted average diluted shares outstanding	38,500,000	38,500,000
Diluted net income/(loss) per share	$ 0.06	$ (0.04)
Class B Common Stock
Weighted average diluted shares outstanding	9,625,000	10,116,827
Diluted net income/(loss) per share	$ 0.06	$ (0.04)

Unaudited Condensed Statement_3

Unaudited Condensed Statements of Changes in Stockholders’ Deficit - USD ($)	Class A Common Stock	Class B Common Stock	Additional Paid-In- Capital	Accumulated Deficit	Total
Balance at Mar. 31, 2021		$ 1,107		$ (29,368,294)	$ (29,367,187)
Balance (in Shares) at Mar. 31, 2021		11,068,750
Net Income (Loss)				(1,611,984)	(1,611,984)
Class B Common Stock forfeiture		$ (144)		144
Class B Common Stock forfeiture (in Shares)		(1,443,750)
Accretion on redeemable Class A common stock				(1,097,250)	(1,097,250)
Balance at Jun. 30, 2021		$ 963		(32,077,384)	(32,076,421)
Balance (in Shares) at Jun. 30, 2021		9,625,000
Balance at Mar. 31, 2022		$ 963		(19,857,844)	(19,856,881)
Balance (in Shares) at Mar. 31, 2022		9,625,000
Net Income (Loss)				3,207,688	3,207,688
Accretion on redeemable Class A common stock				(425,713)	(425,713)
Balance at Jun. 30, 2022		$ 963		$ (17,075,869)	$ (17,074,906)
Balance (in Shares) at Jun. 30, 2022		9,625,000

Unaudited Condensed Statement_4

Unaudited Condensed Statements of Cash Flows - USD ($)	3 Months Ended
Unaudited Condensed Statements of Cash Flows - USD ($)	Jun. 30, 2022	Jun. 30, 2021
Cash flows from operating activities:
Net Income (loss)	$ 3,207,688	$ (1,611,984)
Adjustments to reconcile net loss to net cash used in operating activities
Change in fair value of warrant liabilities	(2,626,000)	2,295,667
Gain on expiration of over-allotment option		(1,097,250)
Change in fair value of Promissory Note	(548,420)
Interest earned from investments held in Trust Account	(504,349)	(5,751)
Change in operating assets and liabilities
Prepaid expense	80,894	98,703
Accrued offering costs and accounts payable	(352,928)	(1,773,269)
Accrued income taxes	73,855
Net cash used in operating activities	(669,260)	(2,093,884)
Cash flows from financing activities:
Proceeds from issuance of promissory note to related party	1,300,000
Net cash provided by financing activities	1,300,000
Net change in cash	630,740	(2,093,884)
Cash at beginning of period	239,492	3,149,760
Cash at end of period	870,232	1,055,876
Supplemental disclosure of noncash financing activities:
Remeasurement of Class A Common Stock subject to possible redemption – Accretion	425,713
Remeasurement of Class A Common Stock subject to possible redemption - Expiration of overallotment option		$ 1,097,250

Description of Organization, Bu

Description of Organization, Business Operations and Liquidity	3 Months Ended
	Jun. 30, 2022
Organization and Business Operations [Abstract]
Description of Organization, Business Operations and Liquidity	Note 1 - Description of Organization, Business Operations and Liquidity Tech and Energy Transition Corporation (formerly known as M Acquisition Company IV Corporation) (the “Company”) was incorporated in Delaware on December 4, 2017. The Company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses (the “Business Combination”). Although the Company is not limited to a particular industry or sector for the purpose of consummating a Business Combination, the Company intends to focus its search on companies in end markets - communications, internetworking, clean energy, digital technology and services and software applications that enable or support digital transformation. The Company is an early stage and emerging growth company and, as such, the Company is subject to all of the risks associated with early stage and emerging growth companies. As of June 30, 2022, the Company had not yet commenced operations. All activity through June 30, 2022 relates to the Company’s formation and initial public offering (“IPO”), and since the closing of the Initial Public Offering, the search for a prospective initial Business Combination. The Company will not generate any operating revenues until after the completion of its initial Business Combination, at the earliest. The Company will generate non-operating income in the form of interest income on cash and cash equivalents from the proceeds derived from the IPO. The Company has selected March 31st as its fiscal year end. The Company’s sponsor is Tech and Energy Transition Sponsor LLC (the “Sponsor”), a Delaware limited liability company. The registration statement for the Company’s IPO was declared effective on March 16, 2021 (the “Effective Date”). On March 19, 2021, the Company consummated the IPO of 38,500,000 units (the “Units” and, with respect to the Class A common stock included in the Units being offered, the “Public Shares”), at $10.00 per Unit, generating gross proceeds of $385.00 million, which is discussed in Note 3. Transaction costs of the IPO amounted to $22.23 million consisting of $7.70 million of underwriting commission, $13.47 million of deferred underwriting commission, and $1.06 million of other offering costs, which is discussed in Note 6. The underwriters had a 45-day option from the date of the IPO to purchase up to an additional 5,775,000 units to cover over-allotments, if any. On April 30, 2021, the over-allotment option expired unexercised. Simultaneously with the closing of the IPO, the Company consummated the sale of 7,366,667 Private Placement Warrants to the Sponsor at a price of $1.50 per Private Placement Warrant, generating total gross proceeds of $11.05 million, which is discussed in Note 4. Following the closing of the IPO on March 19, 2021, $385.00 million ($10.00 per Unit) from the net proceeds of the IPO and the sale of the Private Placement Warrants was placed in a Trust Account with Continental Stock Transfer & Trust Company acting as trustee, and invested only in U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act of 1940, as amended (the “Investment Company Act”), with a maturity of 185 days or less or in money market funds investing solely in U.S. Treasuries selected by the Company meeting the conditions of paragraphs (d)(2), (d)(3) and (d)(4) of Rule 2a-7 of the Investment Company Act, as determined by the Company, until the earlier of: (i) the completion of a Business Combination and (ii) the distribution of the Trust Account as described below. Except with respect to interest earned on the funds held in the Trust Account that may be released to the Company to pay its franchise and income tax obligations (less up to $100,000 of interest to pay dissolution expenses), the proceeds from the IPO and the sale of the Private Placement Warrants will not be released from the Trust Account until the earlier of (i) the completion of the Company’s initial Business Combination and (ii) the redemption of 100% of the Company’s public shares if the Company is unable to complete the Company’s initial Business Combination within 24 months from the closing of the IPO (the “Combination Period”). The proceeds deposited in the Trust Account could become subject to the claims of our creditors, if any, which could have priority over the claims of our public stockholders. The Company’s management has broad discretion with respect to the specific application of the net proceeds of the IPO and the sale of Private Placement Warrants, although substantially all of the net proceeds are intended to be applied generally toward consummating a Business Combination. There is no assurance that the Company will be able to complete a Business Combination successfully. The Company must complete one or more initial Business Combinations having an aggregate fair market value of at least 80% of the assets held in the Trust Account (excluding taxes payable on income earned on the Trust Account) at the time of the agreement to enter into the initial Business Combination. However, the Company will only complete a Business Combination if the post-transaction company owns or acquires 50% or more of the outstanding voting securities of the target or otherwise acquires a controlling interest in the target sufficient for it not to be required to register as an investment company under the Investment Company Act. The Company will provide its holders of the Public Shares, (the “public stockholders”) with the opportunity to redeem all or a portion of their Public Shares upon the completion of a Business Combination either (i) in connection with a stockholder meeting called to approve the Business Combination or (ii) by means of a tender offer. The decision as to whether the Company will seek stockholder approval of a Business Combination or conduct a tender offer will be made by the Company, solely in its discretion. The public stockholders will be entitled to redeem their Public Shares (as defined below in Note 3) for a pro rata portion of the amount then in the Trust Account (initially anticipated to be $10.00 per Public Share). These Public Shares are recorded at a redemption value and classified as temporary equity in accordance with the Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification (“ASC”) Topic 480 “Distinguishing Liabilities from Equity.” In such case, the Company will proceed with a Business Combination if the Company has net tangible assets of at least $5,000,001 upon such consummation of a Business Combination and a majority of the shares voted are voted in favor of the Business Combination. If the Company is unable to complete a Business Combination within the Combination Period ending March 19, 2023, the Company will (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten (10) business days thereafter, redeem the Public Shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account including interest earned on the funds held in the Trust Account and not previously released to the Company to pay franchise and income taxes (less up to $100,000 of interest to pay dissolution expenses), divided by the number of then outstanding Public Shares, which redemption will completely extinguish public stockholders’ rights as stockholders (including the right to receive further liquidating distributions, if any), subject to applicable law, the Company’s remaining stockholders and the Company’s board of directors, dissolve and liquidate, subject in each case to the Company’s obligations under Delaware law to provide for claims of creditors and the requirements of other applicable law. The initial stockholders have agreed to waive their liquidation rights with respect to the Founder Shares if the Company fails to complete a Business Combination within the Combination Period. However, if the initial stockholders acquire Public Shares in or after the IPO, they will be entitled to liquidating distributions from the Trust Account with respect to such Public Shares if the Company fails to complete a Business Combination within the Combination Period. In the event of such distribution, it is possible that the per share value of the residual assets remaining available for distribution (including Trust Account assets) will be only $10.00 per share initially held in the Trust Account. In order to protect the amounts held in the Trust Account, the Sponsor has agreed to be liable to the Company if and to the extent any claims by a vendor for services rendered or products sold to the Company, or a prospective target business with which the Company has discussed entering into a transaction agreement, reduce the amount of funds in the Trust Account. This liability will not apply with respect to any claims by a third party who executed a waiver of any right, title, interest or claim of any kind in or to any monies held in the Trust Account or to any claims under the Company’s indemnity of the underwriter of the IPO against certain liabilities, including liabilities under the Securities Act of 1933, as amended (the “Securities Act”). Moreover, in the event that an executed waiver is deemed to be unenforceable against a third party, the Sponsor will not be responsible to the extent of any liability for such third-party claims. The Company will seek to reduce the possibility that the Sponsor will have to indemnify the Trust Account due to claims of creditors by endeavoring to have all vendors, service providers, except for the Company’s independent registered public accounting firm, prospective target businesses or other entities with which the Company does business, execute agreements with the Company waiving any right, title, interest or claim of any kind in or to monies held in the Trust Account. Liquidity and Capital Resources The accompanying financial statements have been prepared assuming the Company will continue as a going concern, which contemplates, among other things, the realization of assets and satisfaction of liabilities in the normal course of business. As of June 30, 2022, the Company had approximately $0.87 million in its operating bank account and working capital deficit of approximately $0.60 million. The Company’s liquidity needs prior to the completion of the Initial Public Offering were satisfied through a payment from the Sponsor of $27,467 (see Note 5) for the Founder Shares, borrowings under the Promissory Note totaled $275,000 (see Note 5), and the net proceeds from the consummation of the Private Placement not held in the Trust Account. Borrowing from Promissory Note was fully repaid upon the consummation of the IPO on March 19, 2021, has expired and no further borrowing are allowed. Subsequent to the consummation of the Initial Public Offering and Private Placement, the Company’s liquidity needs have been satisfied from the proceeds from the consummation of the Initial Public Offering and the Private Placement not held in the Trust Account. In order to finance transaction costs in connection with a Business Combination, the Company’s Sponsor or an affiliate of the Sponsor or certain of the Company’s officers and directors may, but are not obligated to, provide the Company Working Capital Loans (see Note 5). On January 31, 2022 the Sponsor committed to make available to the Company, under a promissory note, up to $1,600,000 to finance transaction costs in connection with a Business Combination (the “Promissory Note”). The promissory note is non-interest bearing and due on the earlier of (i) the date of the Business Combination or (ii) the second anniversary of the completion of the IPO. Up to $1,500,000 of the Promissory Note may be converted into warrants to purchase shares of Class A common stock at a conversion price of $1.50 per warrant at the option of Sponsor. If Sponsor elects such conversion, the terms of the warrants issued in connection with such conversion would be identical to the Private Placement Warrants. If the Company fails to consummate a business combination, then the outstanding debt under the Promissory Note will be forgiven by Sponsor (pursuant to an arrangement to be agreed to by the parties), except to the extent of any funds held outside of the Company’s Trust Account (as defined below) after paying all other fees and expenses of the Company. The Company has drawn $500,000 on April 11, 2022 and $800,000 on June 30, 2022 on the Promissory Note. (See Note 5) Based on the foregoing, management believes that the Company will have sufficient working capital and borrowing capacity to meet its needs through the earlier of the consummation of a Business Combination or one year from this filing. Over this time period, the Company will be using these funds for paying existing accounts payable, identifying and evaluating prospective initial Business Combination candidates, performing due diligence on prospective target businesses, paying for travel expenditures, selecting the target business to merge with or acquire, and structuring, negotiating and consummating the Business Combination. Our cash on hand along with our ability to draw additional $300,000 on our Promissory Note couple with refund of approximately $350,000 of franchise tax received in August 2022 will provide us sufficient liquidity to address our working capital needs. Further any future tax obligations will be covered by the interest earned on the funds held in Trust account. Going Concern Until consummation of the Business Combination, the Company will be using the funds not held in the Trust Account, and the Working Capital Loans (as described in Note 5), for identifying and evaluating prospective acquisition candidates, performing business due diligence on prospective target businesses, traveling to and from the offices, plants or similar locations of prospective target businesses, reviewing corporate documents and material agreements of prospective target businesses, selecting the target business to acquire and structuring, negotiating and consummating the Business Combination. The Company does not believe it will need to raise additional funds in order to meet the expenditures required for operating its business. However, if the Company’s estimates of the costs of undertaking in-depth due diligence and negotiating a business combination is less than the actual amount necessary to do so, the Company may have insufficient funds available to operate its business prior to the business combination. Moreover, the Company will need to raise additional capital through loans from its Sponsor, affiliates, officers, directors, or third parties. Except as contemplated by the terms of the Promissory Note (see Note 5), the Company’s Sponsor, affiliates, officers or directors are not under any obligation to advance funds to, or to invest in, the Company. If the Company is unable to raise additional capital, it may be required to take additional measures to conserve liquidity, which could include, but not necessarily be limited to, curtailing operations, suspending the pursuit of its business plan, and reducing overhead expenses. The Company cannot provide any assurance that new financing will be available to it on commercially acceptable terms, if at all. We are also subject to a mandatory liquidation and subsequent dissolution requirement if we do not complete our initial business combination by March 19, 2023. We cannot assure you that our plans to raise capital or to consummate an initial business combination before March 19, 2023 will be successful. These factors, among others, raise substantial doubt about our ability to continue as a going concern one year from the date these financial statements are issued. These financial statements do not include any adjustments relating to the recovery of the recorded assets or the classification of the liabilities that might be necessary should the Company be unable to continue as a going concern.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
Summary of Significant Accounting Policies	Jun. 30, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2 - Summary of Significant Accounting Policies Basis of Presentation The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q and Article 8 of Regulation S-X of the SEC. Certain information or footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial reporting. Accordingly, they do not include all the information and footnotes necessary for a complete presentation of financial position, results of operations, or cash flows. In the opinion of management, the accompanying unaudited condensed financial statements include all adjustments, consisting of a normal recurring nature, which are necessary for a fair presentation of the financial position, operating results and cash flows for the periods presented. Emerging Growth Company The Company is an “emerging growth company”, as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and stockholder approval of any golden parachute payments not previously approved. Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that an emerging growth company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period, which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s financial statements with another public company, which is neither an emerging growth company nor an emerging growth company, which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the balance sheet. Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the balance sheet, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from those estimates. Cash and Cash Equivalents The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The Company did not have any cash equivalents as of June 30, 2022 and March 31, 2022. Investments Held in Trust Account The Company’s portfolio of investments is comprised solely of U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act, with a maturity of 185 days or less, or investments in money market funds that invest in U.S. government securities, or a combination thereof. The Company’s investments held in the Trust Account are classified as trading securities. Trading securities are presented on the balance sheet at fair value at the end of each reporting period. Realized and unrealized gains and losses resulting from the change in fair value of these securities is included in investment income on Trust Account in the accompanying statement of operations. The estimated fair values of investments held in the Trust Account are determined using available market information. Concentration of Credit Risk Financial instruments that potentially subject the Company to concentration of credit risk consist of cash accounts in a financial institution, which, at times may exceed the Federal depository insurance coverage of $250,000. At June 30, 2022 and 2021, the Company has not experienced losses on these accounts and management believes the Company is not exposed to significant risks on such accounts. Fair Value of Financial Instruments Fair value measurements are based on the premise that fair value is an exit price representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or liability. As a basis for considering such assumptions, the following three-tier fair value hierarchy has been used in determining the inputs used in measuring fair value (see Note 10): ● Level 1 - Quoted prices in active markets for identical assets or liabilities on the reporting date. ● Level 2 - Pricing inputs are based on quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active and model-based valuation techniques for which all significant assumptions are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities. ● Level 3 - Pricing inputs are generally unobservable and include situations where there is little, if any, market activity for the investment. The inputs into the determination of fair value require management’s judgment or estimation of assumptions that market participants would use in pricing the assets or liabilities. The fair values are therefore determined using factors that involve considerable judgment and interpretations, including but not limited to private and public comparables, third-party appraisals, discounted cash flow models, and fund manager estimates. As of June 30, 2022 and March 31, 2022, the recorded values of investments held in the Trust Account, prepaid expenses, accounts payable, accrued expenses and expenses due to a related party approximate the fair values, due to the short-term nature of the instruments. The Company’s portfolio of investments held in the Trust Account is comprised of investments in U.S. Treasury securities with an original maturity of 185 days or less or investments in money market funds that invest in U.S. government securities, or a combination thereof. The fair value for trading securities is determined using quoted market prices in active market, other than for investments in open-ended money market funds with published daily net asset values (“NAV”), in which case the Company uses NAV as a practical expedient to fair value. Derivative warrant liabilities The Company does not use derivative instruments to hedge exposures to cash flow, market, or foreign currency risks. The Company evaluates all of its financial instruments, including issued stock purchase warrants, to determine if such instruments are derivatives or contain features that qualify as embedded derivatives, pursuant to ASC Topic 480 “Distinguishing Liabilities from Equity” 480 and ASC Subtopic 815-15 “Derivatives and Hedging - Embedded Derivatives.” The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is re-assessed at the end of each reporting period as presented (see Note 9). The 12,833,333 warrants issued in connection with the IPO (the “Public Warrants”) and the 7,366,667 Private Placement Warrants are recognized as derivative liabilities in accordance with ASC Subtopic 815-40 “Derivatives and Hedging - Contracts in Entity’s Own Equity.” Accordingly, the Company recognizes the warrant instruments as liabilities at fair value and adjusts the instruments to fair value at each reporting period. The liabilities are subject to re-measurement at each balance sheet date until exercised, and any change in fair value is recognized in the Company’s statement of operations. The Public Warrants and the Private Placement Warrants for periods where no observable traded price was available are valued using a binomial lattice model, which is considered to be a Level 3 fair value measurement. The binomial lattice model’s primary unobservable input utilized in determining the fair value of the Private Warrants is the expected volatility of the common stock. The expected volatility as of the IPO date was derived from observable public warrant pricing on comparable blank-check companies without an identified target. Offering Costs Associated with the Initial Public Offering The Company complies with the requirements of the ASC 340-10-S99-1 and SEC Staff Accounting Bulletin (“SAB”) Topic 5A - “Expenses of Offering.” Offering costs consist principally of professional and registration fees incurred through the balance sheet date that are related to the IPO. Offering costs are allocated to the separable financial instruments issued in the IPO based on a relative fair value basis, compared to total proceeds received. Offering costs associated with warrant liabilities are expensed as incurred, presented as non-operating expenses in the statement of operations. Offering costs associated with the Public Shares were charged to stockholders’ equity upon the completion of the Initial Public Offering. Of the total offering costs of the IPO, approximately $819,000 was included in transaction costs attributable to warrant liabilities in the statement of operations and $21,421,801 was included in stockholders’ equity. The Company will keep deferred underwriting commissions classified as a long-term liability due to the uncertain nature of the closing of a Business Combination and its encumbrance to the Trust Account. Class A Common Stock Subject to Possible Redemption The Company accounts for its Class A common stock subject to possible redemption in accordance with the guidance in ASC Topic 480. Conditionally redeemable common stock (including common stock that feature redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company’s control) are classified as temporary equity. At all other times, common stock is classified as stockholders’ equity. The Company’s Class A common stock feature certain redemption rights that are considered to be outside of the Company’s control and subject to occurrence of uncertain future events. Accordingly, Class A common stock subject to possible redemption are classified as temporary equity, outside of the stockholders’ equity section of the Company’s balance sheet. Accordingly, as of June 30, 2022 and March 31, 2022, 38,500,000 shares of Class A common stock subject to possible redemption is presented at redemption value as temporary equity, outside of the stockholders’ equity section of the Company’s balance sheet. The Class A common stock subject to possible redemption are subject to the subsequent measurement guidance in ASC Topic 480-10-S99. Under such guidance, the Company must subsequently measure the shares to their redemption amount because, as a result of the allocation of net proceeds to transaction costs, the initial carrying amount of the common stock is less than $10.00 per share. In accordance with the guidance, the Company has measured the common stock subject to possible redemption to their redemption amount (i.e., $10.00 per share). Effective with the closing of the Initial Public Offering, the Company recognized approximately $35 million of accretion from initial book value to redemption amount, which resulted in charges against additional paid-in capital (to the extent available) and accumulated deficit. Further the Company recognized approximately $0.4 million in additional accretion during the period ended June 30, 2022 reflecting the interest earned from the funds from the Class A common stock as the interest earned is subject to redemption except for the amounts used for paying off franchise and income taxes. As a result, the Class A common stock subject to redemption balance is $385,425,713 at June 30, 2022 from $385,000,000 at March 31, 2022. Income Taxes The Company accounts for income taxes under ASC 740 Income Taxes (“ASC 740”). ASC 740 requires the recognition of deferred tax assets and liabilities for both the expected impact of differences between the financial statement and tax basis of assets and liabilities and for the expected future tax benefit to be derived from tax loss and tax credit carry forwards. ASC 740 additionally requires a valuation allowance to be established when it is more likely than not that all or a portion of deferred tax assets will not be realized. ASC 740 also clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statement and prescribes a recognition threshold and measurement process for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. ASC 740 also provides guidance on derecognition, classification, interest and penalties, accounting in interim period, disclosure and transition. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. There were no unrecognized tax benefits and no amounts accrued for interest and penalties as of June 30, 2022 and March 31, 2022. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company has identified the United States as its only “major” tax jurisdiction. The Company may be subject to potential examination by federal and state taxing authorities in the areas of income taxes. These potential examinations may include questioning the timing and amount of deductions, the nexus of income among various tax jurisdictions and compliance with federal and state tax laws. The Company’s management does not expect that the total amount of unrecognized tax benefits will materially change over the next twelve months. The Company’s effective tax rate was 2.25% and 0.00% for the three months ended June 30, 2022 and March 31, 2022, respectively. The effective tax rate differs from the statutory tax rate of 21% for the three months ended June 30, 2022 and March 31, 2022, due to changes in fair value of warrant liability, change in fair value of promissory note and the valuation allowance on the deferred tax assets. Net Income (Loss) per Common Share For purposes of calculating net income (loss) per share, the Company allocated the amount using a ratio reflective of the respective participation right and the weighted average of each class of common stock. Accordingly, basic and diluted income per share of common stock is calculated as follows: For the For the Common stock subject to possible redemption Numerator: Net income/(loss) $ 3,207,688 $ (1,611,984 ) Denominator: Weighted average shares outstanding of Class A common stock 38,500,000 38,500,000 Basic and diluted net income/(loss) per share, Class A common stock $ 0.07 $ (0.04 ) Basic and diluted weighted average shares outstanding, Class B common stock 9,625,000 10,116,827 Basic and diluted net income/(loss) per share, Class B common stock $ 0.07   $ (0.04 ) Proportionate class shares outstanding Class A 38,500,000 38,500,000 Class B 9,625,000 10,116,827 48,125,000 48,616,827 Weight by class of share Class A 80 % 80 % Class B 20 % 20 % 100 % 100 % Recent Accounting Pronouncements In August 2020, the FASB issued Accounting Standards Update (“ASU”) No. 2020-06, Debt -debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging -Contracts in Entity’ Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’ Own Equity (“ASU 2020-06”), which simplifies accounting for convertible instruments by removing major separation models required under current GAAP. The ASU also removes certain settlement conditions that are required for equity-linked contracts to qualify for the derivative scope exception, and it simplifies the diluted earnings per share calculation in certain areas. The Company adopted ASU 2020-06 on January 1, 2021. Adoption of the ASU did not impact the Company’s financial position, results of operations or cash flows. The Company’s management does not believe that any other recently issued, but not yet effective, accounting standards if currently adopted would have a material effect on the accompanying financial statements.

Initial Public Offering

Initial Public Offering	3 Months Ended
Initial Public Offering	Jun. 30, 2022
Regulated Operations [Abstract]
Initial Public Offering	Note 3 - Initial Public Offering On March 19, 2021, the Company consummated the IPO of 38,500,000 Units, at a price of $10.00 per Unit. Each Unit consists of one share of Class A common stock of the Company, par value $0.0001 per share, and one-third of one redeemable warrant of the Company. Each whole warrant entitles the holder thereof to purchase one share of Class A Common Stock for $11.50 per share, subject to adjustment. The Units were sold at a price of $10.00 per Unit, generating gross proceeds to the Company of $385.00 million, and incurring offering costs of approximately $22.23 million, including approximately $7.70 million of underwriting commission, $13.47 million of deferred underwriting commission and $1.06 million of other offering costs. The Company also granted the IPO underwriters a 45-day option to purchase up to an additional 5,775,000 units to cover over-allotments, if any. On April 30, 2021, the over-allotment option expired unexercised.

Private Placement

Private Placement	3 Months Ended
Private Placement	Jun. 30, 2022
Private Placement [Abstract]
Private Placement	Note 4 - Private Placement Concurrent with the closing of the IPO, the Company consummated the Private Placement of 7,366,667 Private Placement Warrants at a price of $1.50 per Private Placement Warrant to the Sponsor, generating proceeds of approximately $11.05 million. Each whole Private Placement Warrant is exercisable to purchase one share of Class A common stock at $11.50 per share, subject to adjustment. A portion of the proceeds from the sale of the Private Placement Warrants to the Sponsor was added to the proceeds from the Initial Public Offering held in the Trust Account. If the Company does not complete a Business Combination within the Combination Period, the Private Placement Warrants will expire worthless. The Private Placement Warrants will be non-redeemable for cash and exercisable on a cashless basis so long as they are held by the Sponsor or its permitted transferees. The Sponsor and the Company’s officers and directors agreed, subject to limited exceptions, not to transfer, assign or sell any of their Private Placement Warrants until 30 days after the completion of the initial Business Combination.

Related Party Transactions

Related Party Transactions	3 Months Ended
Related Party Transactions	Jun. 30, 2022
Related Party Transactions [Abstract]
Related Party Transactions	Note 5 - Related Party Transactions Founder Shares On December 4, 2017, the Company issued 100 shares of common stock, par value $0.01 per share, for an aggregate consideration of $25,000. As of December 31, 2020, March 31, 2020 and March 31, 2019, the Company recorded a stock subscription receivable of $25,000. The proceeds were received on January 11, 2021. On January 22, 2021, the Company effectuated a recapitalization in the form of a 90,562.5 for 1 stock split, and as a result, the Sponsor held 9,056,250 shares of our Class B common stock (up to 1,181,250 of which were subject to forfeiture depending on the extent to which the underwriters’ option to purchase additional units was exercised, if at all). On January 22, 2021, the Company issued to Dan Hesse, Executive Chairman, 1,006,250 shares of our Class B common stock (up to 131,250 of which were subject to forfeiture depending on the extent to which the underwriters’ option to purchase additional units was exercised, if at all) in exchange for an initial investment of $2,467. As of January 22, 2021, the Founder Shares outstanding were 10,062,500, of which the Sponsor held 9,056,250 and Dan Hesse held 1,006,250. On January 22, 2021, the Company filed an amended and restated certificate of incorporation to change its par value of its Class A and B common stock from $0.01 to $0.0001. Information contained in the financial statements has been adjusted for this split. On March 16, 2021, the Company effectuated an 11-for-10 stock split of the Class B common stock, resulting in an aggregate outstanding amount of 11,068,750 shares of the Class B common stock (up to 1,443,750 shares of which are subject to forfeiture depending on the extent to which the underwriters’ option to purchase additional units is exercised, if at all), of which the Sponsor holds 9,961,875 shares and Dan Hesse holds 1,106,875 shares. All shares and associated amounts have been retroactively restated to reflect the split (see Note 7). The Founder Shares will automatically convert into shares of Class A common stock on a one-for-one basis, subject to adjustment, at the time of the Company’s initial Business Combination and are subject to certain transfer restrictions (see Note 7). Holders of Founder Shares may also elect to convert their shares of Class B common stock into an equal number of shares of Class A common stock, subject to adjustment, at any time. The initial stockholders agreed to forfeit up to 1,443,750 Founder Shares to the extent that the over-allotment option was not exercised in full by the underwriter. On April 30, 2021, upon the expiration of the 45-day period and the underwriters not exercising the over-allotment option, 1,443,750 shares of Class B Common Stock were forfeited by the Sponsor and Mr. Hesse in order for the Sponsor, Mr. Hesse and the Independent Directors to maintain ownership of 20.0% of the issued and outstanding shares of common stock of the Company (excluding private units held by the Sponsor). Such forfeited shares were cancelled by the Company. The initial stockholders have agreed, subject to limited exceptions, not to transfer, assign or sell any of their Founder Shares until the earlier to occur of: (A) one year after the completion of the initial Business Combination or (B) subsequent to the initial Business Combination, (x) if the last reported sale price of the Class A common stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20-trading days within any 30-trading day period commencing at least 150 days after the initial Business Combination, or (y) the date on which the Company completes a liquidation, merger, capital stock exchange or other similar transaction that results in all of the Company’s stockholders having the right to exchange their shares of common stock for cash, securities or other property. Related Party Loans In order to finance transaction costs in connection with a Business Combination, the Sponsor or an affiliate of the Sponsor, or certain of the Company’s officers and directors may, but are not obligated to, lend the Company Working Capital Loans. If the Company completes a Business Combination, the Company would repay the Working Capital Loans out of the proceeds of the Trust Account released to the Company. Otherwise, the Working Capital Loans would be repaid only out of funds held outside the Trust Account. In the event that a Business Combination does not close, the Company may use a portion of proceeds held outside the Trust Account to repay the Working Capital Loans but no proceeds held in the Trust Account would be used to repay the Working Capital Loans. Except for the foregoing, the terms of such Working Capital Loans, if any, have not been determined and no written agreements exist with respect to such loans. The Working Capital Loans would either be repaid upon consummation of a Business Combination without interest, or, at the lender’s discretion, up to $1,500,000 of such Working Capital Loans may be convertible into warrants of the post Business Combination entity at a price of $1.50 per warrant. The warrants would be identical to the warrants included in the Private Placement Warrants. As of June 30, 2022, there have been no amounts drawn that remain outstanding. Promissory Note - Related Party On December 16, 2020, the Sponsor made available to the Company, under a promissory note, up to $950,000 to be used for a portion of the expenses of the IPO (the “Note”). The Note was non-interest bearing and due on the earlier of September 30, 2021 or the completion of the IPO. The Note funds borrowed of $275,000 were repaid upon the consummation of the IPO on March 19, 2021. Furthermore, on January 31, 2022 the Sponsor committed to make available to the Company, under a promissory note, up to $1,600,000 to finance transaction costs in connection with a Business Combination (the “Promissory Note”). The promissory note is non-interest bearing and due on the earlier of (i) the date of the Business Combination or (ii) the second anniversary of the completion of the IPO. Up to $1,500,000 of the Promissory Note may be converted into warrants to purchase shares of Class A common stock at a conversion price of $1.50 per warrant at the option of Sponsor. If Sponsor elects such conversion, the terms of the warrants issued in connection with such conversion would be identical to the Private Placement Warrants. Pursuant to the terms of an agreement between the Company and Sponsor dated February 14, 2022, if the Company fails to consummate a business combination, the outstanding debt under the Promissory Note will be forgiven by Sponsor (pursuant to an arrangement to be agreed to by the parties), except to the extent of any funds held outside of the Company’s trust account after paying all other fees and expenses of the Company. The Company has drawn $500,000 on April 11, 2022, and $800,000 on June 30, 2022 on the Promissory Note. The Company accounted for the borrowed proceeds under the promissory note under ASC 480 as a liability classified financial instrument and recorded the liability at fair value initially at issuance and for the period ended June 30, 2022. The Company recorded change in fair value of $528,800 as expense during the period ended June 30, 2022. If the Sponsor converted this promissory note into warrants at period end, it would receive 866,667 warrants to purchase Class A common stock at $11.50 per share and a total fair value of $8,467,333 calculated using closing price of Class A common stock on June 30, 2022. Cost Sharing Arrangement - Related Party The Company has entered into a cost sharing arrangement with Macquarie CAF LLC, which is a related party to the Company and its sponsor. The cost sharing arrangement was put in place whereby the parties agreed to use certain common service providers for performing due diligence on a potential target company. Under this arrangement, both parties agreed to share 50% of costs incurred during due diligence of the specific target company. Both parties are responsible for remitting their share of payments directly to the service providers. The arrangement does not represent amounts payable by the related party on behalf of the Company, for which the Company is responsible party for paying the full amount. As of June 30, 2022, both parties have shared in due diligence expenses of $1,064,718, of which the Company’s share was $532,359 at 50%.

Commitments & Contingencies

Commitments & Contingencies	3 Months Ended
Commitments & Contingencies	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments & Contingencies	Note 6 - Commitments & Contingencies Registration and Stockholder Rights The holders of Founder Shares, Private Placement Warrants and warrants that may be issued upon conversion of Working Capital Loans, if any, will be entitled to registration rights (in the case of the Founder Shares, only after conversion of such shares to shares of Class A common stock) pursuant to a registration rights agreement to be signed on or before the date of the prospectus for the IPO. These holders will be entitled to certain demand and “piggyback” registration rights. However, the registration rights agreement provides that the Company will not permit any registration statement filed under the Securities Act to become effective until the termination of the applicable lock-up period for the securities to be registered. The Company will bear the expenses incurred in connection with the filing of any such registration statements. Underwriting Agreement The Company granted the underwriter a 45-day option to purchase up to 5,775,000 additional Units to cover over-allotments, if any, at the IPO price less the underwriting discounts and commission. On April 30, 2021, the over-allotment option expired unexercised. On March 19, 2021, the Company paid an underwriting commission of $7.70 million. The underwriters are entitled to a deferred fee of $0.35 per Unit, or $13,475,000 in the aggregate, excluding any amounts raised pursuant to the option to purchase additional units. The deferred fee will be paid in cash from the amounts held in the Trust Account solely in the event the Company completes a Business Combination, subject to the terms of the underwriting agreement. Risks and Uncertainties Management continues to evaluate the impact of the COVID-19 pandemic and has concluded that while it is reasonably possible that the virus could have a negative effect on the Company’s financial position, results of its operations, cash flows and/or search for a target company, the specific impact is not readily determinable as of the date of these financial statements. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. Additionally, in February 2022, the Russian Federation and Belarus commenced a military action with the country of Ukraine. As a result of this action, various nations, including the United States, have instituted economic sanctions against the Russian Federation and Belarus. Further, the impact of this action and related sanctions on the world economy are not determinable as of the date of these unaudited condensed financial statements and the specific impact on the Company’s financial condition, results of operations and cash flows is also not determinable as of the date of these unaudited condensed financial statements.

Stockholders_ Deficit

Stockholders’ Deficit	3 Months Ended
Stockholders’ Deficit	Jun. 30, 2022
Stockholders' Equity Note [Abstract]
Stockholders’ Deficit	Note 7 - Stockholders’ Deficit Class B common stock Prior to the initial Business Combination, holders of Class B common stock have the exclusive right to elect, remove and replace any director, and the holders of Class A Common Stock have no right to vote on the election, removal or replacement of any director. This provisions of the certificate of incorporation may only be amended by a resolution passed by a majority of holders of at least 90% of the outstanding Common Stock entitled to vote thereon. With respect to any other matter submitted to a vote of the stockholders, including any vote in connection with the initial Business Combination, except as required by applicable law or stock exchange rule, holders of the Class A common stock and holders of the Class B common stock will vote together as a single class, with each share entitling the holder to one vote. The shares of Class B common stock will automatically convert into shares of Class A common stock at the time of the initial Business Combination on a one-for-one basis, subject to adjustment. In the case that additional shares of Class A common stock, or equity-linked securities, are issued or deemed issued in excess of the amounts sold in the IPO and related to the closing of the initial Business Combination, the ratio at which shares of Class B common stock shall convert into shares of Class A common stock will be adjusted (unless the holders of a majority of the outstanding shares of Class B common stock agree to waive such adjustment with respect to any such issuance or deemed issuance) so that the number of shares of Class A common stock issuable upon conversion of all shares of Class B common stock will equal, in the aggregate, on an as-converted basis, 20% of the sum of the total number of all shares of common stock outstanding upon the completion of the IPO plus all shares of Class A common stock and equity-linked securities issued or deemed issued in connection with the initial Business Combination (excluding any shares or equity-linked securities issued, or to be issued, to any seller in the initial Business Combination and any private placement-equivalent warrants issued to the Sponsor or its affiliates upon conversion of loans made to the Company). Holders of Founder Shares may also elect to convert their shares of Class B common stock into an equal number of shares of Class A common stock, subject to adjustment as provided above, at any time.

Derivative Warrant Liabilities

Derivative Warrant Liabilities	3 Months Ended
Derivative Warrant Liabilities	Jun. 30, 2022
Derivative Warrant Liability Abstract
Derivative Warrant Liabilities	Note 8 - Derivative Warrant Liabilities As of June 30, 2022, and March 31, 2022, the Company has 12,833,333 Public Warrants and 7,366,667 Private Placement Warrants outstanding. Public Warrants may only be exercised for a whole number of shares. No fractional shares will be issued upon exercise of the Public Warrants. The Public Warrants will become exercisable on the later of (a) 30 days after the completion of a Business Combination or (b) 12 months from the closing of the IPO; provided in each case that the Company has an effective registration statement under the Securities Act covering the shares of common stock issuable upon exercise of the Public Warrants and a current prospectus relating to them is available. The Company has agreed that as soon as practicable, but in no event later than 15 business days after the closing of a Business Combination, the Company will use its best efforts to file with the SEC a registration statement for the registration, under the Securities Act, of the shares of Class A common stock issuable upon exercise of the Public Warrants. The Company will use its best efforts to cause the same to become effective and to maintain the effectiveness of such registration statement, and a current prospectus relating thereto, until the expiration of the Public Warrants in accordance with the provisions of the warrant agreement. Notwithstanding the foregoing, if a registration statement covering the shares of Class A common stock issuable upon exercise of the Public Warrants is not effective within a specified period following the consummation of Business Combination, warrant holders may, until such time as there is an effective registration statement and during any period when the Company shall have failed to maintain an effective registration statement, exercise warrants on a cashless basis pursuant to the exemption provided by Section 3(a)(9) of the Securities Act, provided that such exemption is available. If that exemption, or another exemption, is not available, holders will not be able to exercise their warrants on a cashless basis. The Public Warrants will expire five years after the completion of a Business Combination or earlier upon redemption or liquidation. The Private Placement Warrants are identical to the Public Warrants underlying the Units being sold in the IPO, except that the Private Placement Warrants and the Class A common stock issuable upon the exercise of the warrants included in the Private Placement Warrants will not be transferable, assignable or salable until 30 days after the completion of a Business Combination, subject to certain limited exceptions. Additionally, the Private Placement Warrants will be exercisable on a cashless basis and be non-redeemable so long as they are held by the initial purchasers or their permitted transferees. If the Private Placement Warrants are held by someone other than the initial purchasers or their permitted transferees, the Private Placement Warrants will be redeemable by the Company and exercisable by such holders on the same basis as the Public Warrants. The Private Placement Warrants are not subject to redemption. Redemption of warrants for cash when the price per share of Class A common stock equals or exceeds $18.00: Once the warrants become exercisable, the Company may redeem the outstanding Public Warrants: ● in whole and not in part; ● at a price of $0.01 per warrant; ● upon not less than 30 days’ prior written notice of redemption to each warrant holder; and ● if, and only if, the last reported sale price of Class A common stock for any 20 trading days within a 30-trading day period ending on the third trading day prior to the date on which the Company sends the notice of redemption to the warrant holders (the “Reference Value”) equals or exceeds $18.00 per share (as adjusted for share sub-divisions, share dividends, rights issuances, consolidations, reorganizations, recapitalizations and the like). If and when the warrants become redeemable by the Company, it may exercise its redemption right even if the Company is unable to register or qualify the underlying securities for sale under all applicable state securities laws. Redemption of warrants for Class A common stock when the price per share of Class A common stock equals or exceeds $10.00: Once the warrants become exercisable, the Company may redeem the outstanding warrants: ● in whole and not in part; ● at $0.10 per warrant upon a minimum of 30 days’ prior written notice of redemption, provided ● if, and only if, Reference Value exceeds $10.00 per share (as adjusted); and ● if the Reference Value is less than $18.00 per share (as adjusted), the Private Placement Warrants must also be concurrently called for redemption on the same terms as the outstanding Public Warrants, as described above. The “fair market value” of our Class A common stock for the above purpose shall mean the volume-weighted average price of the Class A common stock as reported during the ten trading days immediately following the date on which the notice of redemption is sent to the holders of warrants. The Company will provide our warrant holders with the final fair market value no later than one business day after the ten-trading day period described above ends. In no event will the warrants be exercisable in connection with this redemption feature for more than 0.365 shares of Class A common stock per whole warrant (subject to adjustment). In addition, if (x) the Company issue additional shares of Class A common stock or equity-linked securities for capital raising purposes in connection with the closing of an initial Business Combination at an issue price or effective issue price of less than $9.20 per share (with such issue price or effective issue price to be determined in good faith by the board of directors and, (i) in the case of any such issuance to the Sponsor or any of its affiliates, without taking into account any Founder Shares held by the Sponsor or such affiliates, as applicable, prior to such issuance, and (ii) to the extent that such issuance is made to the Sponsor or any of its affiliates, without taking into account the transfer of Founder Shares or private placement warrants (including if such transfer is effectuated as a surrender to us and subsequent reissuance by the Company) by the Sponsor in connection with such issuance) (the “Newly Issued Price”), (y) the aggregate gross proceeds from such issuances represent more than 60% of the total equity proceeds, and interest thereon, available for the funding of an initial Business Combination on the date of the consummation of an initial Business Combination (net of redemptions), and (z) the volume weighted average trading price of the common stock during the 20 trading day period starting on the trading day prior to the day on which the Company consummates an initial Business Combination (such price, the “Market Value”) is below $9.20 per share, the exercise price of the warrants will be adjusted (to the nearest cent) to be equal to 115% of the higher of the Market Value and the Newly Issued Price, and the $18.00 per share redemption trigger price will be adjusted (to the nearest cent) to be equal to 180% of the higher of the Market Value and the Newly Issued Price, and the $10.00 per share redemption trigger will be adjusted (to the nearest cent) to be equal to the higher of the Market Value and the Newly Issued Price. If the Company calls the Public Warrants for redemption, management will have the option to require all holders that wish to exercise the Public Warrants to do so on a “cashless basis,” as described in the warrant agreement. The exercise price and number of shares of Class A common stock issuable upon exercise of the warrants may be adjusted in certain circumstances including in the event of a stock dividend, or recapitalization, reorganization, merger or consolidation. However, the warrants will not be adjusted for issuance of Class A common stock at a price below its exercise price. Additionally, in no event will the Company be required to net cash settle the warrants. If the Company is unable to complete a Business Combination within the Combination Period and the Company liquidates the funds held in the Trust Account, holders of warrants will not receive any of such funds with respect to their warrants, nor will they receive any distribution from the Company’s assets held outside of the Trust Account with the respect to such warrants. Accordingly, the warrants may expire worthless.

Over-allotment Option

Over-allotment Option	3 Months Ended
Over-allotment Option	Jun. 30, 2022
Over-allotment Option [Abstract]
Over-allotment Option	Note 9 - Over-allotment Option The Company issued a 45-day over-allotment option to underwriters to purchase up to an additional 5,775,000 units to cover over-allotments, if any, from the date of the IPO. On April 30, 2021, the over-allotment option expired unexercised. Over-allotment options represents freestanding equity-linked financial instruments that is determined to be liability under ASC 480-10-25-8.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
Fair Value Measurements	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 10 - Fair Value Measurements The following table presents information about the Company’s assets and liabilities that are measured at fair value on a recurring basis as of June 30, 2022 and March 31, 2022 and indicates the fair value hierarchy of the valuation techniques that the Company utilized to determine such fair value: June 30, 2022: Description Quoted Significant Other Significant Other Assets: Investments held in Trust Account $ 385,549,568 $ - $ - Liabilities: Derivative warrant liabilities - Public Warrants $ 1,925,000 $ - $ - Derivative warrant liabilities - Private Placement Warrants $ - $ - $ 1,105,000 Promissory Note $ - $ - $ 751,580 March 31, 2022: Description Quoted Significant Other Significant Other Assets: Investments held in Trust Account $ 385,045,219 $ - $ - Liabilities: Derivative warrant liabilities - Public Warrants $ 3,593,333 $ - $ - Derivative warrant liabilities - Private Placement Warrants $ - $ - $ 2,062,667 Promissory Note $ - $ - $ - Transfers to/from Levels 1, 2, and 3 are recognized at the end of the reporting period. The fair value of the Warrants issued in connection with the Public Offering and Private Placement Warrants were initially measured at fair value using a binomial lattice model, which is considered to be a Level 3 fair value measurement. Subsequently, the fair value of the Public Warrants has been based on public market quoted prices, a Level 1 measurement, which was $1,925,000 at June 30, 2022. The Company recognized an income to the statement of operations resulting from the decrease in the fair value of the derivative warrant liabilities of $2,626,000 in the three months to June 30, 2022, which is presented as change in fair value of derivative warrant liabilities on the accompanying statement of operations. The estimated fair value of the Private Placement Warrants, and the Public Warrants prior to being separately listed and traded, is determined using Level 3 inputs. Inherent in a binomial lattice model are assumptions related to expected stock-price volatility. The Company estimates the volatility of its common stock warrants based on implied volatility from the Company’s traded warrants and from historical volatility of select peer company’s common stock that matches the expected remaining life of the warrants. The risk-free interest rate is based on the U.S. Treasury zero-coupon yield curve on the grant date for a maturity similar to the expected remaining life of the warrants. The expected life of the warrants is assumed to be equivalent to their remaining contractual term. The dividend rate is based on the historical rate, which the Company anticipates remaining at zero. Following significant inputs to value the Private Placement Warrants: As of As of Risk-free interest rate 2.97 % 2.42 % Expected volatility 4.60 % 6.20 % Exercise price $ 11.50 $ 11.50 Stock Price $ 9.77 $ 9.77 The change in the fair value of the level 3 derivative warrant liabilities for the three months ended June 30, 2022 and year ended March 31, 2022 is summarized as follows: Level 3 derivative warrant liabilities at March 31, 2022 $ 2,062,667 Change in fair value of derivative warrant liabilities (957,667 ) Level 3 derivative warrant liabilities at June 30, 2022 $ 1,105,000 The fair value of the promissory note is determined by using a Discounted Cash Flow method to value the debt component and a Black-Scholes model to value the debt conversion option into warrants using Level 3 inputs. Inherent in Black-Scholes model are assumptions related to expected stock price volatility. The Company estimates the volatility of its common stock from the volatility of the publicly traded warrants. The risk-free interest rate is based on the U.S. Treasury zero-coupon yield curve on the grant date for a maturity similar to the expected remaining life of the convertible note. The expected life of the convertible debt is assumed to be equivalent to its remaining contractual term. The interest rate is based on the historical rate, which the Company anticipates remaining at zero. Significant inputs used in the Black-Scholes model are same as those listed above for valuation of Private Placement warrants. The promissory note had a fair value market change of $548,420 for the three months ended June 30, 2022 with an ending balance of $751,580 as stated on the balance sheet. Significant inputs used in valuing the fair value of the debt component include 5.3% cost of capital and 0.7 years to de-SPAC event.

Subsequent Events

Subsequent Events	3 Months Ended
Subsequent Events	Jun. 30, 2022
Subsequent Events [Abstract]
Subsequent Events	Note 11 - Subsequent Events The Company evaluated subsequent events and transactions that occurred after the balance sheet date through, the date that the unaudited condensed financial statements were issued. Based on this review, the Company did not identify any subsequent events that would require adjustment or disclosure in the financial statements.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	3 Months Ended
Accounting Policies, by Policy (Policies)	Jun. 30, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q and Article 8 of Regulation S-X of the SEC. Certain information or footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial reporting. Accordingly, they do not include all the information and footnotes necessary for a complete presentation of financial position, results of operations, or cash flows. In the opinion of management, the accompanying unaudited condensed financial statements include all adjustments, consisting of a normal recurring nature, which are necessary for a fair presentation of the financial position, operating results and cash flows for the periods presented.
Emerging growth company	Emerging Growth Company The Company is an “emerging growth company”, as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and stockholder approval of any golden parachute payments not previously approved. Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that an emerging growth company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period, which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s financial statements with another public company, which is neither an emerging growth company nor an emerging growth company, which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the balance sheet. Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the balance sheet, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from those estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The Company did not have any cash equivalents as of June 30, 2022 and March 31, 2022.
Investments Held in Trust Account	Investments Held in Trust Account The Company’s portfolio of investments is comprised solely of U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act, with a maturity of 185 days or less, or investments in money market funds that invest in U.S. government securities, or a combination thereof. The Company’s investments held in the Trust Account are classified as trading securities. Trading securities are presented on the balance sheet at fair value at the end of each reporting period. Realized and unrealized gains and losses resulting from the change in fair value of these securities is included in investment income on Trust Account in the accompanying statement of operations. The estimated fair values of investments held in the Trust Account are determined using available market information.
Concentration of Credit Risk	Concentration of Credit Risk Financial instruments that potentially subject the Company to concentration of credit risk consist of cash accounts in a financial institution, which, at times may exceed the Federal depository insurance coverage of $250,000. At June 30, 2022 and 2021, the Company has not experienced losses on these accounts and management believes the Company is not exposed to significant risks on such accounts.
Fair Value of Financial Instruments	Fair Value of Financial Instruments Fair value measurements are based on the premise that fair value is an exit price representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or liability. As a basis for considering such assumptions, the following three-tier fair value hierarchy has been used in determining the inputs used in measuring fair value (see Note 10): ● Level 1 - Quoted prices in active markets for identical assets or liabilities on the reporting date. ● Level 2 - Pricing inputs are based on quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active and model-based valuation techniques for which all significant assumptions are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities. ● Level 3 - Pricing inputs are generally unobservable and include situations where there is little, if any, market activity for the investment. The inputs into the determination of fair value require management’s judgment or estimation of assumptions that market participants would use in pricing the assets or liabilities. The fair values are therefore determined using factors that involve considerable judgment and interpretations, including but not limited to private and public comparables, third-party appraisals, discounted cash flow models, and fund manager estimates. As of June 30, 2022 and March 31, 2022, the recorded values of investments held in the Trust Account, prepaid expenses, accounts payable, accrued expenses and expenses due to a related party approximate the fair values, due to the short-term nature of the instruments. The Company’s portfolio of investments held in the Trust Account is comprised of investments in U.S. Treasury securities with an original maturity of 185 days or less or investments in money market funds that invest in U.S. government securities, or a combination thereof. The fair value for trading securities is determined using quoted market prices in active market, other than for investments in open-ended money market funds with published daily net asset values (“NAV”), in which case the Company uses NAV as a practical expedient to fair value.
Derivative warrant liabilities	Derivative warrant liabilities The Company does not use derivative instruments to hedge exposures to cash flow, market, or foreign currency risks. The Company evaluates all of its financial instruments, including issued stock purchase warrants, to determine if such instruments are derivatives or contain features that qualify as embedded derivatives, pursuant to ASC Topic 480 “Distinguishing Liabilities from Equity” 480 and ASC Subtopic 815-15 “Derivatives and Hedging - Embedded Derivatives.” The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is re-assessed at the end of each reporting period as presented (see Note 9). The 12,833,333 warrants issued in connection with the IPO (the “Public Warrants”) and the 7,366,667 Private Placement Warrants are recognized as derivative liabilities in accordance with ASC Subtopic 815-40 “Derivatives and Hedging - Contracts in Entity’s Own Equity.” Accordingly, the Company recognizes the warrant instruments as liabilities at fair value and adjusts the instruments to fair value at each reporting period. The liabilities are subject to re-measurement at each balance sheet date until exercised, and any change in fair value is recognized in the Company’s statement of operations. The Public Warrants and the Private Placement Warrants for periods where no observable traded price was available are valued using a binomial lattice model, which is considered to be a Level 3 fair value measurement. The binomial lattice model’s primary unobservable input utilized in determining the fair value of the Private Warrants is the expected volatility of the common stock. The expected volatility as of the IPO date was derived from observable public warrant pricing on comparable blank-check companies without an identified target.
Offering Costs associated with the Initial Public Offering	Offering Costs Associated with the Initial Public Offering The Company complies with the requirements of the ASC 340-10-S99-1 and SEC Staff Accounting Bulletin (“SAB”) Topic 5A - “Expenses of Offering.” Offering costs consist principally of professional and registration fees incurred through the balance sheet date that are related to the IPO. Offering costs are allocated to the separable financial instruments issued in the IPO based on a relative fair value basis, compared to total proceeds received. Offering costs associated with warrant liabilities are expensed as incurred, presented as non-operating expenses in the statement of operations. Offering costs associated with the Public Shares were charged to stockholders’ equity upon the completion of the Initial Public Offering. Of the total offering costs of the IPO, approximately $819,000 was included in transaction costs attributable to warrant liabilities in the statement of operations and $21,421,801 was included in stockholders’ equity. The Company will keep deferred underwriting commissions classified as a long-term liability due to the uncertain nature of the closing of a Business Combination and its encumbrance to the Trust Account.
Class A Common Stock Subject to Possible Redemption	Class A Common Stock Subject to Possible Redemption The Company accounts for its Class A common stock subject to possible redemption in accordance with the guidance in ASC Topic 480. Conditionally redeemable common stock (including common stock that feature redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company’s control) are classified as temporary equity. At all other times, common stock is classified as stockholders’ equity. The Company’s Class A common stock feature certain redemption rights that are considered to be outside of the Company’s control and subject to occurrence of uncertain future events. Accordingly, Class A common stock subject to possible redemption are classified as temporary equity, outside of the stockholders’ equity section of the Company’s balance sheet. Accordingly, as of June 30, 2022 and March 31, 2022, 38,500,000 shares of Class A common stock subject to possible redemption is presented at redemption value as temporary equity, outside of the stockholders’ equity section of the Company’s balance sheet. The Class A common stock subject to possible redemption are subject to the subsequent measurement guidance in ASC Topic 480-10-S99. Under such guidance, the Company must subsequently measure the shares to their redemption amount because, as a result of the allocation of net proceeds to transaction costs, the initial carrying amount of the common stock is less than $10.00 per share. In accordance with the guidance, the Company has measured the common stock subject to possible redemption to their redemption amount (i.e., $10.00 per share). Effective with the closing of the Initial Public Offering, the Company recognized approximately $35 million of accretion from initial book value to redemption amount, which resulted in charges against additional paid-in capital (to the extent available) and accumulated deficit. Further the Company recognized approximately $0.4 million in additional accretion during the period ended June 30, 2022 reflecting the interest earned from the funds from the Class A common stock as the interest earned is subject to redemption except for the amounts used for paying off franchise and income taxes. As a result, the Class A common stock subject to redemption balance is $385,425,713 at June 30, 2022 from $385,000,000 at March 31, 2022.
Income Taxes	Income Taxes The Company accounts for income taxes under ASC 740 Income Taxes (“ASC 740”). ASC 740 requires the recognition of deferred tax assets and liabilities for both the expected impact of differences between the financial statement and tax basis of assets and liabilities and for the expected future tax benefit to be derived from tax loss and tax credit carry forwards. ASC 740 additionally requires a valuation allowance to be established when it is more likely than not that all or a portion of deferred tax assets will not be realized. ASC 740 also clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statement and prescribes a recognition threshold and measurement process for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. ASC 740 also provides guidance on derecognition, classification, interest and penalties, accounting in interim period, disclosure and transition. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. There were no unrecognized tax benefits and no amounts accrued for interest and penalties as of June 30, 2022 and March 31, 2022. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company has identified the United States as its only “major” tax jurisdiction. The Company may be subject to potential examination by federal and state taxing authorities in the areas of income taxes. These potential examinations may include questioning the timing and amount of deductions, the nexus of income among various tax jurisdictions and compliance with federal and state tax laws. The Company’s management does not expect that the total amount of unrecognized tax benefits will materially change over the next twelve months. The Company’s effective tax rate was 2.25% and 0.00% for the three months ended June 30, 2022 and March 31, 2022, respectively. The effective tax rate differs from the statutory tax rate of 21% for the three months ended June 30, 2022 and March 31, 2022, due to changes in fair value of warrant liability, change in fair value of promissory note and the valuation allowance on the deferred tax assets.
Net Income (Loss) per Common Share	Net Income (Loss) per Common Share For purposes of calculating net income (loss) per share, the Company allocated the amount using a ratio reflective of the respective participation right and the weighted average of each class of common stock. Accordingly, basic and diluted income per share of common stock is calculated as follows: For the For the Common stock subject to possible redemption Numerator: Net income/(loss) $ 3,207,688 $ (1,611,984 ) Denominator: Weighted average shares outstanding of Class A common stock 38,500,000 38,500,000 Basic and diluted net income/(loss) per share, Class A common stock $ 0.07 $ (0.04 ) Basic and diluted weighted average shares outstanding, Class B common stock 9,625,000 10,116,827 Basic and diluted net income/(loss) per share, Class B common stock $ 0.07   $ (0.04 ) Proportionate class shares outstanding Class A 38,500,000 38,500,000 Class B 9,625,000 10,116,827 48,125,000 48,616,827 Weight by class of share Class A 80 % 80 % Class B 20 % 20 % 100 % 100 %
Recent Accounting Pronouncements	Recent Accounting Pronouncements In August 2020, the FASB issued Accounting Standards Update (“ASU”) No. 2020-06, Debt -debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging -Contracts in Entity’ Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’ Own Equity (“ASU 2020-06”), which simplifies accounting for convertible instruments by removing major separation models required under current GAAP. The ASU also removes certain settlement conditions that are required for equity-linked contracts to qualify for the derivative scope exception, and it simplifies the diluted earnings per share calculation in certain areas. The Company adopted ASU 2020-06 on January 1, 2021. Adoption of the ASU did not impact the Company’s financial position, results of operations or cash flows. The Company’s management does not believe that any other recently issued, but not yet effective, accounting standards if currently adopted would have a material effect on the accompanying financial statements.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Tables)	3 Months Ended
Summary of Significant Accounting Policies (Tables)	Jun. 30, 2022
Accounting Policies [Abstract]
Schedule of basic and diluted income per share of common stock	For the For the Common stock subject to possible redemption Numerator: Net income/(loss) $ 3,207,688 $ (1,611,984 ) Denominator: Weighted average shares outstanding of Class A common stock 38,500,000 38,500,000 Basic and diluted net income/(loss) per share, Class A common stock $ 0.07 $ (0.04 ) Basic and diluted weighted average shares outstanding, Class B common stock 9,625,000 10,116,827 Basic and diluted net income/(loss) per share, Class B common stock $ 0.07   $ (0.04 ) Proportionate class shares outstanding Class A 38,500,000 38,500,000 Class B 9,625,000 10,116,827 48,125,000 48,616,827 Weight by class of share Class A 80 % 80 % Class B 20 % 20 % 100 % 100 %

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
Fair Value Measurements (Tables)	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Schedule of the company’s assets and liabilities that are measured at fair value on a recurring basis	Description Quoted Significant Other Significant Other Assets: Investments held in Trust Account $ 385,549,568 $ - $ - Liabilities: Derivative warrant liabilities - Public Warrants $ 1,925,000 $ - $ - Derivative warrant liabilities - Private Placement Warrants $ - $ - $ 1,105,000 Promissory Note $ - $ - $ 751,580 Description Quoted Significant Other Significant Other Assets: Investments held in Trust Account $ 385,045,219 $ - $ - Liabilities: Derivative warrant liabilities - Public Warrants $ 3,593,333 $ - $ - Derivative warrant liabilities - Private Placement Warrants $ - $ - $ 2,062,667 Promissory Note $ - $ - $ -
Schedule of following significant inputs to value the private placement warrants	As of As of Risk-free interest rate 2.97 % 2.42 % Expected volatility 4.60 % 6.20 % Exercise price $ 11.50 $ 11.50 Stock Price $ 9.77 $ 9.77
Schedule of the change in the fair value of the level 3 derivative warrant liabilities	Level 3 derivative warrant liabilities at March 31, 2022 $ 2,062,667 Change in fair value of derivative warrant liabilities (957,667 ) Level 3 derivative warrant liabilities at June 30, 2022 $ 1,105,000

Description of Organization, _2

Description of Organization, Business Operations and Liquidity (Details) - USD ($)		1 Months Ended	3 Months Ended
	Jan. 31, 2022	Mar. 19, 2021	Jun. 30, 2022	Apr. 11, 2022
Description of Organization, Business Operations and Liquidity (Details) [Line Items]
Generating gross proceeds			$ 11,050,000
Maturity days		185 days
Interest to pay dissolution expenses		$ 100,000
Public shares percentage		100%
Aggregate fair market value least percentage			80%
Net tangible assets			$ 5,000,001
Dissolution expenses			$ 100,000
Trust accounts per share (in Dollars per share)			$ 10
Operating bank amount			$ 870,000
Working capital deficit			600,000
Sponsor amount			27,467
Borrowings under the promissory note			275,000
Finance transaction costs description	The promissory note is non-interest bearing and due on the earlier of (i) the date of the Business Combination or (ii) the second anniversary of the completion of the IPO. Up to $1,500,000 of the Promissory Note may be converted into warrants to purchase shares of Class A common stock at a conversion price of $1.50 per warrant at the option of Sponsor.
Drawn amount			800,000	$ 500,000
Additional promissory note			300,000
Franchise tax			$ 350,000
IPO [Member]
Description of Organization, Business Operations and Liquidity (Details) [Line Items]
Issuance of shares (in Shares)		38,500,000
Stock units (in Dollars per share)		$ 10
Generating gross proceeds		$ 385,000,000
Transaction costs		22,230,000
Underwriting commission		7,700,000
Deferred underwriting commission		13,470,000
Other offering costs		1,060,000
Purchase of additional units (in Shares)			5,775,000
Sale of private placement warrants (in Shares)			7,366,667
Issuance of stock		$ 385,000,000
Class A Common Stock [Member]
Description of Organization, Business Operations and Liquidity (Details) [Line Items]
Public shares price per share (in Dollars per share)			$ 10
Business Combination [Member] \| IPO [Member]
Description of Organization, Business Operations and Liquidity (Details) [Line Items]
Share price (in Dollars per share)		$ 10
Business Combination [Member] \| Sponsor [Member] \| IPO [Member]
Description of Organization, Business Operations and Liquidity (Details) [Line Items]
Share price (in Dollars per share)			$ 1.5
Business Combination [Member]
Description of Organization, Business Operations and Liquidity (Details) [Line Items]
Business acquisition percentage			50%

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details) - USD ($)	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Mar. 31, 2022
Summary of Significant Accounting Policies (Details) [Line Items]
Federal depository insurance coverage	$ 250,000	$ 250,000
Offering costs	819,000
Warrant liabilities	$ 21,421,801
Subject to possible redemption (in Shares)	38,500,000
Common stock subject to possible redemption (in Dollars per share)	$ 10
Public offering recognized amount	$ 35,000,000
Additional accretion	400,000
Class A common stock subject to redemption balance	385,425,713
Class A common stock subject to redemption	$ 385,425,713		$ 385,000,000
Effective tax rate	2.25%	0%
Statutory tax rate	21%	21%
IPO [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Warrant issued (in Shares)	12,833,333
Private Placement [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Warrant issued (in Shares)	7,366,667
Class A Common Stock Subject to Possible Redemption [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Price per share (in Dollars per share)	$ 10

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) - Schedule of basic and diluted income per share of common stock - USD ($)	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Numerator:
Net income/(loss) (in Dollars)	$ 3,207,688	$ (1,611,984)
Proportionate class shares outstanding
Proportionate class shares outstanding	48,125,000	48,616,827
Weight by class of share
Weight by class of share	100%	100%
Class A
Denominator:
Weighted average shares outstanding of Class A common stock	38,500,000	38,500,000
Basic and diluted net income/(loss) per share (in Dollars per share)	$ 0.07	$ (0.04)
Basic and diluted weighted average shares outstanding	38,500,000	38,500,000
Proportionate class shares outstanding
Proportionate class shares outstanding	38,500,000	38,500,000
Weight by class of share
Weight by class of share	80%	80%
Class B
Denominator:
Basic and diluted net income/(loss) per share (in Dollars per share)	$ 0.07	$ (0.04)
Basic and diluted weighted average shares outstanding	9,625,000	10,116,827
Proportionate class shares outstanding
Proportionate class shares outstanding	9,625,000	10,116,827
Weight by class of share
Weight by class of share	20%	20%

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Details) - Schedule of basic and diluted income per share of common stock (Parentheticals) - $ / shares	3 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Class A Common Stock [Member]
Summary of Significant Accounting Policies (Details) - Schedule of basic and diluted income per share of common stock (Parentheticals) [Line Items]
Basic and diluted net income/(loss) per share	$ 0.06	$ (0.04)
Basic and diluted weighted average shares outstanding (in Shares)	38,500,000	38,500,000
Class B Common Stock [Member]
Summary of Significant Accounting Policies (Details) - Schedule of basic and diluted income per share of common stock (Parentheticals) [Line Items]
Basic and diluted net income/(loss) per share	$ 0.06	$ (0.04)
Basic and diluted weighted average shares outstanding (in Shares)	9,625,000	10,116,827

Initial Public Offering (Detail

Initial Public Offering (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended
	Mar. 19, 2021	Jun. 30, 2022
Initial Public Offering (Details) [Line Items]
Share price, per unit (in Dollars per share)	$ 10
Generating gross proceeds	$ 385,000
Incurring offering costs	22,230
Underwriting commission	7,700
Deferred underwriting commission	13,470
Other offering costs	$ 1,060
Initial Public Offering [Member]
Initial Public Offering (Details) [Line Items]
New shares issued (in Shares)	38,500,000
Option purchase to additional (in Shares)		5,775,000
Over-Allotment Option [Member]
Initial Public Offering (Details) [Line Items]
Price per share (in Dollars per share)	$ 10
Class A Common Stock [Member]
Initial Public Offering (Details) [Line Items]
Common stock, par value (in Dollars per share)	0.0001
Class A Common Stock [Member] \| Initial Public Offering [Member]
Initial Public Offering (Details) [Line Items]
Price per share (in Dollars per share)	$ 11.5

Private Placement (Details)

Private Placement (Details) $ / shares in Units, $ in Thousands	3 Months Ended
	Jun. 30, 2022 USD ($) $ / shares shares
Private Placement (Details) [Line Items]
Generating proceeds amount (in Dollars) \| $	$ 11,050
Private Placement Warrants [Member]
Private Placement (Details) [Line Items]
Price per private placement warrants	$ 1.5
Class A Common Stock [Member] \| Private Placement Warrant [Member]
Private Placement (Details) [Line Items]
Common stock per share	$ 11.5
Sponsor [Member]
Private Placement (Details) [Line Items]
Sponsor purchased of shares (in Shares) \| shares	7,366,667

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)

1 Months Ended

3 Months Ended

Mar. 19, 2021

Dec. 04, 2017

Jan. 31, 2022

Jan. 22, 2022

Apr. 30, 2021

Mar. 16, 2021

Jan. 22, 2021

Jun. 30, 2022

Apr. 11, 2022

Dec. 31, 2020

Dec. 16, 2020

Mar. 31, 2020

Mar. 31, 2019

Related Party Transactions (Details) [Line Items]

Aggregate consideration price

$ 25,000

Stock subscription receivable

$ 25,000

Stock split description

On
January 22, 2021, the Company effectuated a recapitalization in the form of a 90,562.5 for 1 stock split

Sponsor held shares (in Shares)

9,056,250

Purchase of additional units initial investment

$ 2,467

Founder shares outstanding (in Shares)

10,062,500

Working capital loans

$ 1,500,000

Convertible warrant price per share (in Dollars per share)

$ 1.5

Promissory notes payable

$ 950,000

Promissory note funds borrowed

$ 275,000

Transaction costs

$ 1,600,000

Promissory note converted into warrants

$ 1,500,000

Promissory note amount

$ 800,000

$ 500,000

Fair value expenses

$ 528,800

Cost sharing arrangements related party description

The cost sharing arrangement was put in place whereby the parties agreed to use certain common service providers for performing due diligence
on a potential target company. Under this arrangement, both parties agreed to share 50% of costs incurred during due diligence of the
specific target company. Both parties are responsible for remitting their share of payments directly to the service providers. The arrangement
does not represent amounts payable by the related party on behalf of the Company, for which the Company is responsible party for paying
the full amount. As of June 30, 2022, both parties have shared in due diligence expenses of $1,064,718, of which the Company’s
share was $532,359 at 50%.

Over-Allotment Option [Member]

Related Party Transactions (Details) [Line Items]

Issued and outstanding shares percentage

20%

Founder Shares [Member]

Related Party Transactions (Details) [Line Items]

Common stock, shares issued (in Shares)

100

Common stock par value (in Dollars per share)

$ 0.01

Stock spilt, description

the Company effectuated an 11-for-10 stock split of the Class B common stock, resulting in an aggregate outstanding amount
of 11,068,750 shares of the Class B common stock (up to 1,443,750 shares of which are subject to forfeiture depending on the extent to
which the underwriters’ option to purchase additional units is exercised, if at all), of which the Sponsor holds 9,961,875 shares
and Dan Hesse holds 1,106,875 shares. All shares and associated amounts have been retroactively restated to reflect the split (see Note
7).

the Company filed an amended and restated certificate of incorporation to change its par value of its Class A and B
common stock from $0.01 to $0.0001. Information contained in the financial statements has been adjusted for this split.

Founder Shares [Member] | Over-Allotment Option [Member]

Related Party Transactions (Details) [Line Items]

Shares subject to forfeiture (in Shares)

1,443,750

Class B Common Stock [Member]

Related Party Transactions (Details) [Line Items]

Sponsor held shares (in Shares)

9,056,250

Stock during period forfeiture shares (in Shares)

1,181,250

Shares subject to forfeiture (in Shares)

1,443,750

Class A Common Stock [Member]

Related Party Transactions (Details) [Line Items]

Common stock equals or exceeds per share (in Dollars per share)

$ 12

Conversion price (in Dollars per share)

$ 1.5

Warrant purchase

$ 866,667

Warrant purchase price per share (in Dollars per share)

$ 11.5

Fair value

$ 8,467,333

Dan Hesse [Member]

Related Party Transactions (Details) [Line Items]

Sponsor held shares (in Shares)

1,006,250

Shares subject to forfeiture (in Shares)

131,250

Dan Hesse [Member] | Class B Common Stock [Member]

Related Party Transactions (Details) [Line Items]

Issuance of common stock (in Shares)

1,006,250

Commitments & Contingencies (De

Commitments & Contingencies (Details) - USD ($)	1 Months Ended	3 Months Ended
Commitments & Contingencies (Details) - USD ($)	Mar. 19, 2021	Jun. 30, 2022
Commitments & Contingencies (Details) [Line Items]
Underwriting commission	$ 7,700,000
Deferred fee per unit price (in Dollars per share)	$ 0.35
Deferred underwriters fee	$ 13,475,000
Over-Allotment Option [Member]
Commitments & Contingencies (Details) [Line Items]
Purchase of additional shares (in Shares)		5,775,000

Stockholders_ Deficit (Details)

Stockholders’ Deficit (Details)	3 Months Ended
Stockholders’ Deficit (Details)	Jun. 30, 2022 $ / shares shares
Stockholders’ Deficit (Details) [Line Items]
Voting rights	one
Class B Common Stock [Member]
Stockholders’ Deficit (Details) [Line Items]
Stock authorized	50,000,000
Per share value \| $ / shares	$ 0.0001
Voting rights	one
Common stock, shares outstanding	9,625,000
Converted basis percentage	20%
Class A Common Stock [Member]
Stockholders’ Deficit (Details) [Line Items]
Common stock outstanding percentage	90%

Derivative Warrant Liabilities

Derivative Warrant Liabilities (Details) - $ / shares	3 Months Ended
Derivative Warrant Liabilities (Details) - $ / shares	Jun. 30, 2022	Mar. 31, 2022
Derivative Warrant Liabilities (Details) [Line Items]
Warrants term	5 years
Initial business combination, description	In addition, if (x) the Company issue additional shares of Class A common stock or equity-linked securities for capital raising purposes in connection with the closing of an initial Business Combination at an issue price or effective issue price of less than $9.20 per share (with such issue price or effective issue price to be determined in good faith by the board of directors and, (i) in the case of any such issuance to the Sponsor or any of its affiliates, without taking into account any Founder Shares held by the Sponsor or such affiliates, as applicable, prior to such issuance, and (ii) to the extent that such issuance is made to the Sponsor or any of its affiliates, without taking into account the transfer of Founder Shares or private placement warrants (including if such transfer is effectuated as a surrender to us and subsequent reissuance by the Company) by the Sponsor in connection with such issuance) (the “Newly Issued Price”), (y) the aggregate gross proceeds from such issuances represent more than 60% of the total equity proceeds, and interest thereon, available for the funding of an initial Business Combination on the date of the consummation of an initial Business Combination (net of redemptions), and (z) the volume weighted average trading price of the common stock during the 20 trading day period starting on the trading day prior to the day on which the Company consummates an initial Business Combination (such price, the “Market Value”) is below $9.20 per share, the exercise price of the warrants will be adjusted (to the nearest cent) to be equal to 115% of the higher of the Market Value and the Newly Issued Price, and the $18.00 per share redemption trigger price will be adjusted (to the nearest cent) to be equal to 180% of the higher of the Market Value and the Newly Issued Price, and the $10.00 per share redemption trigger will be adjusted (to the nearest cent) to be equal to the higher of the Market Value and the Newly Issued Price.
Public Warrants [Member]
Derivative Warrant Liabilities (Details) [Line Items]
Warrants outstanding	12,833,333	12,833,333
Redemption of warrants, description	●at a price of $0.01 per warrant; ●upon not less than 30 days’ prior written notice of redemption to each warrant holder; and ●if, and only if, the last reported sale price of Class A common stock for any 20 trading days within a 30-trading day period ending on the third trading day prior to the date on which the Company sends the notice of redemption to the warrant holders (the “Reference Value”) equals or exceeds $18.00 per share (as adjusted for share sub-divisions, share dividends, rights issuances, consolidations, reorganizations, recapitalizations and the like). If and when the warrants become redeemable by the Company, it may exercise its redemption right even if the Company is unable to register or qualify the underlying securities for sale under all applicable state securities laws. Redemption of warrants for Class A common stock when the price per share of Class A common stock equals or exceeds $10.
Private Placement Warrants [Member]
Derivative Warrant Liabilities (Details) [Line Items]
Warrants outstanding	7,366,667	7,366,667
Class A Common Stock [Member]
Derivative Warrant Liabilities (Details) [Line Items]
Redemption of warrants price per share (in Dollars per share)	$ 18
Redemption of warrants, description	●in whole and not in part; ●at $0.10 per warrant upon a minimum of 30 days’ prior written notice of redemption, provided that holders will be able to exercise their warrants on a cashless basis prior to redemption and receive that number of shares; ●if, and only if, Reference Value exceeds $10.00 per share (as adjusted); and ●if the Reference Value is less than $18.00 per share (as adjusted), the Private Placement Warrants must also be concurrently called for redemption on the same terms as the outstanding Public Warrants, as described above. The “fair market value” of our Class A common stock for the above purpose shall mean the volume-weighted average price of the Class A common stock as reported during the ten trading days immediately following the date on which the notice of redemption is sent to the holders of warrants. The Company will provide our warrant holders with the final fair market value no later than one business day after the ten-trading day period described above ends. In no event will the warrants be exercisable in connection with this redemption feature for more than 0.365 shares of Class A common stock per whole warrant (subject to adjustment).

Over-allotment Option (Details)

Over-allotment Option (Details)	3 Months Ended
Over-allotment Option (Details)	Jun. 30, 2022 shares
Over-allotment Option [Abstract]
Purchase shares	5,775,000

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($)	3 Months Ended
Fair Value Measurements (Details) - USD ($)	Jun. 30, 2022	Jun. 30, 2021	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Public market quoted prices	$ 1,925,000
Derivative warrant liabilities	2,626,000
Change in fair value of promissory note	548,420
Promissory note – related party	$ 751,580
Fair value of the debt component, description	Significant inputs used in valuing the fair value of the debt component include 5.3% cost of capital and 0.7 years to de-SPAC event.

Fair Value Measurements (Deta_2

Fair Value Measurements (Details) - Schedule of the company’s assets and liabilities that are measured at fair value on a recurring basis - USD ($)	3 Months Ended
	Jun. 30, 2022	Mar. 31, 2022
Quoted Prices in Active Markets (Level 1) [Member]
Assets:
Investments held in Trust Account	$ 385,549,568	$ 385,045,219
Liabilities:
Derivative warrant liabilities - Public Warrants	1,925,000	3,593,333
Derivative warrant liabilities - Private Placement Warrants
Promissory Note
Significant Other Observable Inputs (Level 2) [Member]
Assets:
Investments held in Trust Account
Liabilities:
Derivative warrant liabilities - Public Warrants
Derivative warrant liabilities - Private Placement Warrants
Promissory Note
Significant Other Unobservable Inputs (Level 3) [Member]
Assets:
Investments held in Trust Account
Liabilities:
Derivative warrant liabilities - Public Warrants
Derivative warrant liabilities - Private Placement Warrants	1,105,000	2,062,667
Promissory Note	$ 751,580

Fair Value Measurements (Deta_3

Fair Value Measurements (Details) - Schedule of following significant inputs to value the private placement warrants - Private Placement Warrants [Member] - $ / shares	3 Months Ended	12 Months Ended
	Jun. 30, 2022	Mar. 31, 2022
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Risk-free interest rate	2.97%	2.42%
Expected volatility	4.60%	6.20%
Exercise price	$ 11.5	$ 11.5
Stock Price	$ 9.77	$ 9.77

Fair Value Measurements (Deta_4

Fair Value Measurements (Details) - Schedule of the change in the fair value of the level 3 derivative warrant liabilities	3 Months Ended
	Jun. 30, 2022 USD ($)
Schedule Of The Change In The Fair Value Of The Level3 Derivative Warrant Liabilities Abstract
Level 3 derivative warrant liabilities at March 31, 2022	$ 2,062,667
Change in fair value of derivative warrant liabilities	(957,667)
Level 3 derivative warrant liabilities at June 30, 2022	$ 1,105,000