Crypto 1 Acquisition (DAOOW) 10-Q12 Aug 222022 Q2 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jun. 30, 2022	Aug. 12, 2022
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2022
Entity File Number	001-40694
Entity Registrant Name	CRYPTO 1 ACQUISITION CORP
Entity Incorporation, State or Country Code	KY
Entity Tax Identification Number	00-0000000
Entity Address, Address Line One	1221 Brickell Avenue, Suite 900
Entity Address, City or Town	Miami
Entity Address State Or Province	FL
Entity Address, Postal Zip Code	33131
City Area Code	305
Local Phone Number	347-5140
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	true
Entity Central Index Key	0001870471
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Amendment Flag	false
Unit Each Consisting Of One Class Common Stock And One Third Redeemable Warrant
Document Information [Line Items]
Title of 12(b) Security	Units, each consisting of one Class A ordinary share, par value $0.0001 per share, and three-quarters of one Redeemable Warrant
Trading Symbol	DAOOU
Security Exchange Name	NASDAQ
Class A ordinary shares
Document Information [Line Items]
Title of 12(b) Security	Class A ordinary shares, par value $0.0001 per share, included as part of the Units
Trading Symbol	DAOO
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		23,000,000
Redeemable Warrants Exercisable For Class Common Stock
Document Information [Line Items]
Title of 12(b) Security	Redeemable Warrants, each exercisable for one Class A ordinary share for $11.50 per share, included as part of the Units
Trading Symbol	DAOOW
Security Exchange Name	NASDAQ
Class B Ordinary shares
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		5,750,000

CONDENSED BALANCE SHEETS

CONDENSED BALANCE SHEETS - USD ($)	Jun. 30, 2022	Dec. 31, 2021
CURRENT ASSETS
Cash	$ 453,806	$ 1,193,008
Prepaid expenses and other assets	378,362	544,282
Total current assets	832,168	1,737,290
Investments held in Trust Account	231,262,775	231,128,639
TOTAL ASSETS	232,094,943	232,865,929
CURRENT LIABILITIES
Accounts payable and accrued expenses	113,189	58,026
Due to affiliate	62,986	199,316
Total current liabilities	176,175	257,342
Deferred underwriting fee payable	8,050,000	8,050,000
Total liabilities	8,226,175	8,307,342
COMMITMENTS AND CONTINGENCIES (NOTE 6)
CLASS A REDEEMABLE ORDINARY SHARES
Class A Ordinary Shares subject to possible redemption, $0.0001 par value, 23,000,000 shares	231,262,775	231,128,639
SHAREHOLDERS' DEFICIT
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding
Accumulated deficit	(7,394,582)	(6,570,627)
Total Shareholders' deficit	(7,394,007)	(6,570,052)
LIABILITIES, CLASS A REDEEMABLE ORDINARY SHARES AND SHAREHOLDERS' DEFICIT	232,094,943	232,865,929
Class B Ordinary shares
SHAREHOLDERS' DEFICIT
Common stock	$ 575	$ 575

CONDENSED BALANCE SHEETS (Paren

CONDENSED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021
Preferred stock, par value, (per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Class A ordinary shares
Common shares, par value, (per share)	$ 0.0001	$ 0.0001
Common shares, shares authorized	200,000,000	200,000,000
Common shares, shares issued	0	0
Common shares, shares outstanding	0	0
Shares subject to possible redemption	23,000,000	23,000,000
Class B Ordinary shares
Common shares, par value, (per share)	$ 0.0001	$ 0.0001
Common shares, shares authorized	20,000,000	20,000,000
Common shares, shares issued	5,750,000	5,750,000
Common shares, shares outstanding	5,750,000	5,750,000	5,750,000

CONDENSED STATEMENT OF OPERATIO

CONDENSED STATEMENT OF OPERATIONS - USD ($)	1 Months Ended	3 Months Ended	6 Months Ended
CONDENSED STATEMENT OF OPERATIONS - USD ($)	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2022
OPERATING EXPENSES
General and administrative	$ 25,617	$ 481,792	$ 823,955
Total operating expenses	25,617	481,792	823,955
OTHER INCOME
Unrealized gain on marketable securities		198,472	134,136
Total other income		198,472	134,136
NET LOSS	(25,617)	(283,320)	(689,819)
Class A ordinary shares
OTHER INCOME
NET LOSS		$ (226,656)	$ (551,855)
Weighted average shares outstanding, Basic		23,000,000	23,000,000
Weighted average shares outstanding, Diluted		23,000,000	23,000,000
Basic net income (loss) per share		$ (0.01)	$ (0.02)
Diluted net income (loss) per share		$ (0.01)	$ (0.02)
Class A Common Stock Subject to Redemption
OTHER INCOME
Weighted average shares outstanding, Basic		23,000,000	23,000,000
Weighted average shares outstanding, Diluted		23,000,000	23,000,000
Basic net income (loss) per share		$ (0.01)	$ (0.02)
Diluted net income (loss) per share		$ (0.01)	$ (0.02)
Class B Ordinary shares
OTHER INCOME
NET LOSS	$ (25,617)	$ (56,664)	$ (137,964)
Weighted average shares outstanding, Basic	5,750,000	5,750,000	5,750,000
Weighted average shares outstanding, Diluted	5,750,000	5,750,000	5,750,000
Basic net income (loss) per share	$ 0	$ (0.02)	$ (0.03)
Diluted net income (loss) per share	$ 0	$ (0.02)	$ (0.03)

CONDENSED STATEMENT OF CHANGES

CONDENSED STATEMENT OF CHANGES IN SHAREHOLDER'S DEFICIT AND CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION - USD ($)	Class A ordinary shares	Class A Common Stock Subject to Redemption Common Stock	Class B Ordinary shares Common Stock	Class B Ordinary shares	Additional Paid-in Capital	Accumulated Deficit	Total
Balance at the beginning at May. 23, 2021			$ 0		$ 0	$ 0	$ 0
Balance at the beginning (in shares) at May. 23, 2021			0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of Class B ordinary shares to Sponsor			$ 575		24,425		25,000
Issuance of Class B ordinary shares to Sponsor (in shares)			5,750,000
Net loss				$ (25,617)		(25,617)	(25,617)
Balance at the end at Jun. 30, 2021			$ 575		24,425	(25,617)	(617)
Balance at the end (in shares) at Jun. 30, 2021			5,750,000
Balance at the beginning at Dec. 31, 2021		$ 231,128,639	$ 575		0	(6,570,627)	(6,570,052)
Balance at the beginning (in shares) at Dec. 31, 2021		23,000,000	5,750,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accretion of Class A ordinary shares to redemption value		$ (64,336)			0	64,336	64,336
Net loss					0	(406,499)	(406,499)
Balance at the end at Mar. 31, 2022		$ 231,064,303	$ 575		0	(6,912,790)	(6,912,215)
Balance at the end (in shares) at Mar. 31, 2022		23,000,000	5,750,000
Balance at the beginning at Dec. 31, 2021		$ 231,128,639	$ 575		0	(6,570,627)	(6,570,052)
Balance at the beginning (in shares) at Dec. 31, 2021		23,000,000	5,750,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	$ (551,855)			(137,964)			(689,819)
Balance at the end at Jun. 30, 2022		$ 231,262,775	$ 575		0	(7,394,582)	(7,394,007)
Balance at the end (in shares) at Jun. 30, 2022		23,000,000	5,750,000
Balance at the beginning at Mar. 31, 2022		$ 231,064,303	$ 575		0	(6,912,790)	(6,912,215)
Balance at the beginning (in shares) at Mar. 31, 2022		23,000,000	5,750,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accretion of Class A ordinary shares to redemption value		$ 198,472			0	(198,472)	(198,472)
Net loss	$ (226,656)			$ (56,664)	0	(283,320)	(283,320)
Balance at the end at Jun. 30, 2022		$ 231,262,775	$ 575		$ 0	$ (7,394,582)	$ (7,394,007)
Balance at the end (in shares) at Jun. 30, 2022		23,000,000	5,750,000

CONDENSED STATEMENT OF CASH FLO

CONDENSED STATEMENT OF CASH FLOWS - USD ($)	1 Months Ended	6 Months Ended
CONDENSED STATEMENT OF CASH FLOWS - USD ($)	Jun. 30, 2021	Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net Loss	$ (25,617)	$ (689,819)
Adjustments to reconcile net loss to net cash used in operating activities:
Unrealized gain on marketable securities		(133,964)
Changes in operating assets and liabilities:
Prepaid expenses and other assets		165,920
Accounts payable and accrued expenses	2,269	55,163
Due to affiliates	23,348	(136,330)
Net cash used in operating activities	0	(739,030)
CASH FLOWS FROM INVESTING ACTIVITIES
Redemption of marketable securities		231,266,000
Purchase of marketable securities		(231,266,172)
Net cash used in investing activities		(172)
NET DECREASE IN CASH	0	(739,202)
CASH, BEGINNING OF PERIOD		1,193,008
CASH, END OF PERIOD		$ 453,806
Supplemental disclosure of noncash activities:
Payment of prepaid expenses by the Sponsor in exchange for the issuance of Class B ordinary shares	$ 25,000

Description of Organization and

Description of Organization and Business Operations and Liquidity	6 Months Ended
	Jun. 30, 2022
Description of Organization and Business Operations and Liquidity
Description of Organization and Business Operations and Liquidity	Note 1 — Description of Organization and Business Operations and Liquidity Crypto 1 Acquisition Corp (the “Company”, “we”, “our”) was incorporated in the Cayman Islands on May 24, 2021. The Company is a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities (the “Business Combination”). The Company is not limited to a particular industry or geographic region for purposes of consummating a Business Combination. 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 commenced any operations. All activity through June 30, 2022, relates to the Company’s formation and Initial Public Offering (“IPO”), which is described below and, since the 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 from the proceeds derived from the IPO. The Company did not have any activity for the period from March 24, 2021 (inception) through June 30, 2022. The registration statement for the Company’s IPO (the “Registration Statement”) was declared effective on December 6, 2021. On December 9, 2021, the Company consummated the sale of 20,000,000 units (“Units”) with each Unit consisting of one Class A ordinary share of the Company, par value $0.0001 per share(the “Public Shares”), and three Simultaneously with the closing of the IPO, the Company consummated the sale of 7,400,000 warrants (“Private Placement Warrants”) at a price of $1.00 per Private Placement Warrant in a private placement to the Company’s sponsor, Crypto 1 Sponsor LLC (the “Sponsor”) generating gross proceeds of $7,400,000 which is discussed in Note 4. Additionally with the closing of the IPO, the Company consummated the closing of the sale of 3,000,000 additional Units at $10.00 per Unit upon receiving notice of the underwriter’s election to exercise its overallotment option (“Over-allotment Units”), generating additional gross proceeds of $30,000,000 . Since the underwriter’s over-allotment was exercised in full, the Sponsor did not forfeit any Founder Shares (as defined in Note 5). Simultaneously with the exercise of the overallotment, the Company consummated the sale of an additional 750,000 Private Placement Warrants at $1.00 per Private Placement Warrant to the Sponsor, generating gross proceeds of $750,000. Offering costs for the IPO and the Over-allotment Units amounted to $13,451,853, consisting of $4,600,000 of underwriting fees, $8,050,000 of deferred underwriting fees payable (which are held in the Trust Account (defined below)) and $801,853 of other costs. As described in Note 6, the $8,050,000 of deferred underwriting fee payable is contingent upon the consummation of a Business Combination within 12 months from the closing of the IPO or up to 18 months during any extension period, as described in the Registration Statement, and subject to the terms of the underwriting agreement. Following the closing of the IPO and exercise of the over-allotment, $231,150,000 ($10.05 per Unit) from the net proceeds of the sale of the Units in the IPO, Over-Allotment Units, and the Private Placement Warrants was placed in a trust account (“Trust Account”) and invested in U.S. government securities. The Company’s management has broad discretion with respect to the specific application of the net proceeds of the IPO and the sale of the 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 the deferred underwriting commissions and 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. There is no assurance the Company will be able to successfully effect a Business Combination. The Company will provide the holders of the outstanding Public Shares (the “Public Shareholders”) 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 shareholder meeting called to approve the Business Combination or (ii) by means of a tender offer. The decision as to whether the Company will seek shareholder approval of a Business Combination or conduct a tender offer will be made by the Company. The Public Shareholders will be entitled to redeem their Public Shares for a pro rata portion of the amount then in the Trust Account (initially anticipated to be $10.05 per Public Share, plus any pro rata interest then in the Trust Account, net of taxes payable). There will be no redemption rights with respect to the Company’s warrants. All of the Public Shares contain a redemption feature which allows for the redemption of such Public Shares in connection with the Company’s liquidation, if there is a shareholder vote or tender offer in connection with the Company’s Business Combination and in connection with certain amendments to the Company’s amended and restated certificate of incorporation. In accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 480-10-S99, redemption provisions not solely within the control of a company require Class A ordinary shares subject to redemption to be classified outside of permanent equity. In accordance with ASC 480-10-S99, if it is probable that the equity instrument will become redeemable, the Company has the option to either (i) accrete changes in the redemption value over the period from the date of issuance (or from the date that it becomes probable that the instrument will become redeemable, if later) to the earliest redemption date of the instrument or (ii) recognize changes in the redemption value immediately as they occur and adjust the carrying amount of the instrument to equal the redemption value at the end of each reporting period. The Company has elected to recognize the changes immediately. While redemptions cannot cause the Company’s net tangible assets to fall below $5,000,001, the Public Shares are redeemable and classified as temporary equity on the balance sheet until such date that a redemption event takes place. Given that the Public Shares will be issued with other freestanding instruments (i.e., public warrants), the initial carrying value of Class A ordinary shares classified as temporary equity was based on allocation of the proceeds determined in accordance with ASC 470-20. Redemptions of the Company’s Public Shares may be subject to the satisfaction of conditions, including minimum cash conditions, pursuant to an agreement relating to the Company’s Business Combination. If the Company seeks shareholder approval of the Business Combination, the Company will proceed with a Business Combination if a majority of the shares voted are voted in favor of the Business Combination, or such other vote as required by law or stock exchange rule. If a shareholder vote is not required by applicable law or stock exchange listing requirements and the Company does not decide to hold a shareholder vote for business or other reasons, the Company will, pursuant to its amended and restated certificate of incorporation, conduct the redemptions pursuant to the tender offer rules of the Securities Exchange Commission (“SEC”) and file tender offer documents with the SEC prior to completing a Business Combination. If, however, shareholder approval of the transaction is required by applicable law or stock exchange listing requirements, or the Company decides to obtain shareholder approval for business or other reasons, the Company will offer to redeem shares in conjunction with a proxy solicitation pursuant to the proxy rules and not pursuant to the tender offer rules. If the Company seeks shareholder approval in connection with a Business Combination, the Sponsor has agreed to vote its Founder Shares (as defined in Note 5) and any Public Shares purchased during or after the IPO in favor of approving a Business Combination. Additionally, each Public Shareholder may elect to redeem their Public Shares without voting, and if they do vote, irrespective of whether they vote for or against the proposed transaction. Notwithstanding the foregoing, the Certificate of Incorporation provides that a Public Shareholder, together with any affiliate of such shareholder or any other person with whom such shareholder is acting in concert or as a “group” (as defined under Section 13 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), will be restricted from redeeming its shares with respect to more than an aggregate of 15% or more of the Class A ordinary shares sold in the IPO, without the prior consent of the Company. The Company’s Sponsor, officers and directors (the “Initial Shareholders”) have agreed not to propose an amendment to the Certificate of Incorporation that would affect the substance or timing of the Company’s obligation to redeem 100% of its Public Shares if the Company does not complete a Business Combination, unless the Company provides the Public Shareholders with the opportunity to redeem their shares of Class A ordinary shares in conjunction with any such amendment. If the Company is unable to complete a Business Combination by December 9, 2022, 12 months from the closing of the IPO or extended at the Sponsor’s option to up to 18 months with two three-month extensions as described in the prospectus (“Combination Period”), 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 The Initial Shareholders 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 Shareholders should 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. The underwriters have agreed to waive their rights to its deferred underwriting commission (see Note 6) held in the Trust Account in the event the Company does not complete a Business Combination within the Combination Period, and, in such event, such amounts will be included with the other funds held in the Trust Account that will be available to fund the redemption of the Public Shares. 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 $10.05 per shares 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 underwriters 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 the Company’s independent registered public accounting firm), prospective target businesses or other entities with which the Company does business, execute agreements waiving any right, title, interest or claim of any kind in or to monies held in the Trust Account. Going Concern Considerations As of June 30, 2022, the Company had $453,806 in its bank account, $231,262,775 in Investments held in the Trust Account to be used for a Business Combination or to repurchase or redeem its Class A ordinary shares in connection therewith and working capital of $655,993. Until the consummation of a Business Combination, the Company will be using the funds not held in the Trust Account for identifying and evaluating prospective acquisition candidates, performing due diligence on prospective target businesses, paying for travel expenditures, selecting the target business to acquire, and structuring, negotiating and consummating the Business Combination. The Company will need to raise additional capital through loans or additional investments from its Sponsor, shareholders, officers, directors, or third parties. The Company’s officers, directors and Sponsor may, but are not obligated to, loan the Company funds, from time to time or at any time, in whatever amount they deem reasonable in their sole discretion, to meet the Company’s working capital needs. Accordingly, the Company may not be able to obtain additional financing. 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 a potential transaction, 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. These conditions raise substantial doubt about the Company’s ability to continue as a going concern for a reasonable period of time, which is considered to be one year from the issuance date of the financial statements. 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	6 Months Ended
Summary of Significant Accounting Policies	Jun. 30, 2022
Summary of Significant Accounting Policies
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 (“U.S. GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q and Article 10 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. The interim results for the three months period ended June 30, 2022 are not necessarily indicative of the results to be expected for the period ended December 31, 2021 or for any future periods. Emerging Growth Company The Company is an emerging growth company as defined in Section 102(b)(1) of the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), which 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 an 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 that is neither an emerging growth company nor an emerging growth company that 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 financial statements. Making estimates requires management to exercise significant judgment. Such estimates may be subject to change as more current information becomes available and accordingly the actual results could differ significantly from those estimates. 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 financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Actual results could differ 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. As of June 30, 2022 and December 31, 2021, the company had held outside its Trust account, cash balance of $453,806 and $1,193,008 respectively. The Company did not have any cash equivalents as of June 30, 2022 and December 31, 2021. Investments Held in Trust Account At June 30, 2022, substantially all of the assets held in the Trust Account were held in U.S. Treasury securities. 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. Gains and losses resulting from the change in fair value of investments held in Trust Account are included in gain (loss) on investments in the accompanying statement of operations. The estimated fair values of investments held in Trust Account are determined using available market information. Offering Costs associated with the Initial Public Offering Offering costs consist principally of legal, accounting, underwriting fees and other costs directly related to the IPO and was charged to shareholder’s deficit upon completion of the IPO. Offering costs, including those attributable to the underwriters’ exercise of the over-allotment option in full, amounted to $13,451,853 (consisting of $4,600,000 of underwriting fees, $8,050,000 of deferred underwriting fees payable (which are held in the Trust Account (defined below)) and $801,853 of other costs. The offering costs were allocated $13,028,986, and $422,867 to Class A ordinary shares, and the public warrants respectively. Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in financial institutions, which, at times, may exceed the Federal Deposit Insurance Corporation and Securities Investor Protection Corporation Insurance coverage limits of $250,000 and $500,000 (including cash of $250,000) respectively. At June 30, 2022 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 is defined as the price that would be received for sale of an asset or paid for transfer of a liability, in an orderly transaction between market participants at the measurement date. U.S. GAAP establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). These tiers include: ● Level 1, defined as observable inputs such as quoted prices (unadjusted) for identical instruments in active markets; ● Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and ● Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. In some circumstances, the inputs used to measure fair value might be categorized within different levels of the fair value hierarchy. In those instances, the fair value measurement is categorized in its entirety in the fair value hierarchy based on the lowest level input that is significant to the fair value measurement. In many cases, a valuation technique used to measure fair value includes inputs from multiple levels of the fair value hierarchy described above. The lowest level of significant input determines the placement of the entire fair value measurement in the hierarchy. Income Taxes The Company complies with the accounting and reporting requirements of ASC Topic 740, Income Taxes, which requires an asset and liability approach to financial accounting and reporting for income taxes. Deferred income tax assets and liabilities are computed for differences between the financial statement and tax bases of assets and liabilities that will result in future taxable or deductible amounts, based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. FASB ASC 740, prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions 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. The Company is subject to tax examinations by major taxing authorities since inception. The Company’s management determined that the Cayman Islands is the Company’s only major tax jurisdiction. There is currently no taxation imposed by the Government of the Cayman Islands. In accordance with Cayman income tax regulations, income taxes are not levied on the Company. The Company has no connection to any other taxable jurisdiction and is presently not subject to income taxes or income tax filing requirements in the Cayman Islands or the United States. Consequently, income taxes are not reflected in the Company’s financial statements. The Company is not currently aware of any issues under review that could result in significant payments, accruals, or material deviation from its position. There were no unrecognized tax benefits as of June 30, 2022 and December 31, 2021. The Company’s management does not expect that the total amount of unrecognized tax benefits will materially change over the next twelve months. Accounting for Warrants The Company accounts for warrants as either equity-classified or liability-classified instruments based on an assessment of the instruments’ specific terms and applicable authoritative guidance in FASB ASC 480, Distinguishing Liabilities from Equity (“ASC 480”) and ASC 815, Derivatives and Hedging (“ASC 815”). The assessment considers whether the instruments are free standing financial instruments pursuant to ASC 480, meet the definition of a liability pursuant to ASC 480, and whether the instruments meet all of the requirements for equity classification under ASC 815, including whether the instruments are indexed to the Company’s own Ordinary shares and whether the instrument holders could potentially require “net cash settlement” in a circumstance outside of the Company’s control, among other conditions for equity classification. This assessment, which requires the use of professional judgment, is conducted at the time of warrant issuance and as of each subsequent quarterly period end date while the instruments are outstanding. Management has concluded that the Public Warrants (as defined in Note 3) and Private Placement Warrants issued pursuant to the warrant agreement qualify for equity accounting treatment. Recent Accounting Pronouncements In August 2020, the FASB issued Accounting Standard Update (“ASU”) No. 2020-06, Debt -Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging -Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity, which simplifies accounting for convertible instruments by removing major separation models required under current GAAP. The ASU removes certain settlement conditions that are required for equity contracts to qualify for the derivative scope exception, and it also simplifies the diluted earnings per share calculation in certain areas. The Company adopted ASU 2020-06 on May 24, 2021, with no impact upon adoption. The Company’s management does not believe that any recently issued, but not yet effective, accounting pronouncements, if currently adopted, would have a material effect on the Company’s financial statement. Ordinary share Subject to Possible Redemption The Company accounts for its ordinary share subject to possible redemption in accordance with the guidance in ASC Topic 480, Distinguishing Liabilities from Equity. Shares of ordinary share subject to mandatory redemption (if any) is classified as a liability instrument and is measured at fair value. Conditionally redeemable ordinary share (including Class A ordinary shares that features 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) is classified as temporary equity. At all other times, Class A ordinary shares is classified as shareholders’ equity. The Company’s Class A ordinary shares features certain redemption rights that are considered to be outside of the Company’s control and subject to occurrence of uncertain future events. Accordingly, at June 30, 2022, and December 31, 2021 23,000,000 shares of Class A ordinary shares subject to possible redemption is presented as temporary equity, outside of the shareholders’ deficit section of the Company’s balance sheet. The Company recognizes changes in redemption value immediately as they occur and adjusts the carrying value of redeemable ordinary shares to equal the redemption value at the end of each reporting period. Increases or decreases in the carrying amount of the redeemable ordinary shares are affected by charges against additional paid-in capital and accumulated deficit. At June 30, 2022, the Redeemable Class A ordinary shares reflected in the balance sheet is reconciled in the following table: Gross proceeds $ 230,000,000 Less: Fair value of Public Warrants at issuance (7,245,000) Class A shares issuance costs (13,028,986) Plus: Accretion of carrying value to redemption value 21,402,625 Class A ordinary shares subject to possible redemption as of December 31, 2021 $ 231,128,639 Less: Remeasurement of Class A ordinary shares to redemption value (64,336) Class A ordinary shares subject to possible redemption as of March 31, 2022 $ 231,064,303 Add: Remeasurement of Class A ordinary shares to redemption value 198,472 Class A ordinary shares subject to possible redemption as of June 30, 2022 $ 231,262,775 Net loss per Ordinary Share The Company complies with accounting and disclosure requirements of ASC 260, Earnings Per Share. The Company has two classes of shares, which are referred to as Class A ordinary share subject to possible redemption and Class B ordinary shares. Net loss are shared pro rata between the two classes of shares. Net loss per ordinary share is calculated by dividing the net loss by the weighted average ordinary shares outstanding for the respective period. Net loss for the period from inception to IPO was allocated fully to Class B ordinary shares. Diluted net loss per share attributable to ordinary stockholders adjusts the basic net loss per share attributable to ordinary shareholders and the weighted-average ordinary shares outstanding for the potentially dilutive impact of outstanding warrants. However, because the warrants are anti-dilutive, diluted net loss per ordinary share is the same as basic net loss per ordinary share for the period presented. With respect to the accretion of Class A ordinary shares subject to possible redemption and consistent with ASC 480-10-S99-3A, the Company treated accretion in the same manner as a dividend paid to the shareholder in the calculation of the net loss per ordinary share. The following table reflects the calculation of basic and diluted net loss per ordinary share (in dollars, except per share amounts): For the three months ended June 30, 2022: Net loss $ (283,320) Accretion of temporary equity to redemption value (198,472) Net loss including accretion of temporary equity to redemption $ (481,792) Class A Ordinary Class B Ordinary share share Total Total number of shares 23,000,000 5,750,000 Ownership percentage 80 % 20 % Total loss allocated $ (226,656) $ (56,664) $ (283,320) Less: Accretion allocated based on ownership percentage (158,778) (39,694) (198,472) Plus: Accretion applicable to Class A redeemable shares 198,472 — 198,472 Total income (loss) by class $ (186,962) $ (96,358) Weighted Average Shares outstanding 23,000,000 5,750,000 Income (loss) per share $ (0.01) $ (0.02) For the six months ended June 30, 2022: Net loss $ (689,819) Accretion of temporary equity to redemption value (134,136) Net loss including accretion of temporary equity to redemption $ (823,955) Class A Ordinary Class B Ordinary share share Total Total number of shares 23,000,000 5,750,000 Ownership percentage 80 % 20 % Total loss allocated $ (551,855) $ (137,964) $ (689,819) Less: Accretion allocated based on ownership percentage (107,309) (26,827) (134,136) Plus: Accretion applicable to Class A redeemable shares 134,136 — 134,136 Total income (loss) by class $ (525,028) $ (164,791) Weighted Average Shares outstanding 23,000,000 5,750,000 Income (loss) per share $ (0.02) $ (0.03) For the period May 24, 2021 (inception) through June 30, 2021: Net loss $ (25,617) Accretion of temporary equity to redemption value — Net loss including accretion of temporary equity to redemption $ (25,617) Class B Ordinary share Total Total number of shares 5,750,000 Ownership percentage % 100 % Total loss allocated $ (25,617) $ (25,617) Less: Accretion allocated based on ownership percentage — — Plus: Accretion applicable to Class A redeemable shares — — Total income (loss) by class $ (25,617) Weighted Average Shares outstanding 5,750,000 Income (loss) per share $ (0.00)

Initial Public Offering and Ove

Initial Public Offering and Over-Allotment	6 Months Ended
Initial Public Offering and Over-Allotment	Jun. 30, 2022
Initial Public Offering and Over-Allotment
Initial Public Offering and Over-Allotment	Note 3 — Initial Public Offering and Over-Allotment Pursuant to the IPO, and including the underwriters’ exercise of their over-allotment option, the Company sold 23,000,000 units at a price of $10.00 per Unit. Each Unit consists of one share of Class A ordinary shares and three

Private Placement Warrants

Private Placement Warrants	6 Months Ended
Private Placement Warrants	Jun. 30, 2022
Private Placement Warrants.
Private Placement Warrants	Note 4 — Private Placement Warrants On December 9, 2021, simultaneously with the consummation of the IPO and the underwriters’ exercise of their over-allotment option, the Company consummated the issuance and sale of 8,150,000 Private Placement Warrants in a private placement transaction at a price of $1.00 per Private Placement Warrant, generating gross proceeds of $8,150,000. Each whole Private Placement Warrant will be exercisable to purchase one share of Class A ordinary shares at a price of $11.50 per share. Proceeds from the Private Placement Warrants was added to the proceeds from the IPO to be held in the Trust Account. If the Company does not complete a Business Combination within the Combination Period, the proceeds from the sale of the Private Placement Warrants will be used to fund the redemption of the Public Shares (subject to the requirements of applicable law), and the Private Placement Warrants and all underlying securities will be worthless (see Note 8).

Related Party Transactions

Related Party Transactions	6 Months Ended
Related Party Transactions	Jun. 30, 2022
Related Party Transactions
Related Party Transactions	Note 5 — Related Party Transactions Founder Shares On June 16, 2021, the Sponsor purchased 5,750,000 Class B ordinary shares (the “Founder Shares”) for an aggregate price of $25,000. The Founder Shares will automatically convert into shares of Class A ordinary shares at the time of the Company’s initial Business Combination and are subject to certain transfer restrictions, as described in Note 7. Holders of Founder Shares may also elect to convert their shares of Class B ordinary shares into an equal number of shares of Class A ordinary shares, subject to adjustment, at any time. The initial shareholders have agreed to forfeit up to 750,000 Founder Shares to the extent that the over-allotment option is not exercised in full by the underwriters. Since the underwriter’s over-allotment was exercised in full, the Sponsor did not forfeit any Founder Shares. Due to Affiliates As of December 31, 2021, a member of the Sponsor paid $199,316 on behalf of the Company to cover general and administrative expenses, prepaid expenses and deferred offering costs. Subsequent to year-end, this amount was repaid in January 2022. As of June 30, 2022, $62,986 is outstanding. Related Party Loans On June 16, 2021, the Sponsor agreed to loan the Company an aggregate of up to $300,000 to cover expenses related to the IPO pursuant to a promissory note (the “Note”). This loan is non-interest bearing and payable on the earlier of June 30, 2022, or the completion of the IPO. As of June 30, 2022 and December 31, 2021, the Company had no borrowings under the Note and the note was cancelled by the Sponsor. In addition, 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, loan the Company funds as may be required (“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 $1.00 per warrant. The warrants would be identical to the Private Placement Warrants. As of June 30, 2022, and December 31, 2021, there was no Working Capital Loans outstanding. Support Services The Company has an agreement with an entity affiliated with the Chief Executive Officer a fee of $10,000 per month following the consummation of the IPO for office space, utilities, out of pocket expenses, and secretarial and administrative support. The arrangement will terminate upon the earlier of the Company’s consummation of a Business Combination or its liquidation. As of June 30, 2022 and December 31, 2021, $67,000 and $7,000 respectively has been accrued under this arrangement and included under “due to affiliates” on the Balance Sheet. For the six month ended June 30, 2022, $60,000 was accrued under this agreement.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Jun. 30, 2022
Commitments and Contingencies
Commitments and Contingencies	Note 6 — Commitments and Contingencies Registration 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 ordinary shares) pursuant to the registration rights agreement. 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 underwriters a 45-day The underwriters were paid a cash underwriting discount of $0.20 per unit on the offering including the Units issued with the underwriter’s exercise of their over-allotment option, or $4,600,000 in the aggregate at the closing of the IPO. In addition, the underwriters are entitled to a deferred underwriting commissions of $0.35 per unit, or $8,050,000 from the closing of the IPO and the exercise of the over-allotment option. The deferred fee will become payable to the underwriters from the amounts held in the Trust Account solely if 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 Russia-Ukraine war on the industry and has concluded that while it is reasonably possible that such could have negative effects on the Company’s financial position, results of its operations, and/or search for a target company, the specific impacts are 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 these The credit and financial markets have experienced extreme volatility and disruptions due to the current conflict between Ukraine and Russia. The conflict is expected to have further global economic consequences, including but not limited to the possibility of severely diminished liquidity and credit availability, declines in consumer confidence, declines in economic growth, increases in inflation rates and uncertainty about economic and political stability. In addition, the United States and other countries have imposed sanctions on Russia which increases the risk that Russia, as a retaliatory action, may launch cyberattacks against the United States, its government, infrastructure and businesses. Any of the foregoing consequences, including those we cannot yet predict, may cause our business, financial condition, results of operations and the price of our ordinary shares to be adversely affected.

Shareholders' Deficit

Shareholders' Deficit	6 Months Ended
Shareholders' Deficit	Jun. 30, 2022
Shareholders' Deficit
Shareholders' Deficit	Note 7 — Shareholders’ Deficit Ordinary shares Class A ordinary shares Class B Ordinary shares Holders of Class A ordinary shares and Class B ordinary shares will vote together as a single class on all other matters submitted to a vote of shareholders except as required by law. The shares of Class B ordinary shares will automatically convert into shares of Class A ordinary shares 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 ordinary shares, or equity-linked securities, are issued or deemed issued in excess of the amounts offered in the IPO and related to the closing of the initial Business Combination, the ratio at which shares of Class B ordinary shares shall convert into shares of Class A ordinary shares will be adjusted (unless the holders of a majority of the outstanding shares of Class B ordinary shares agree to waive such adjustment with respect to any such issuance or deemed issuance) so that the number of shares of Class A ordinary shares issuable upon conversion of all shares of Class B ordinary shares will equal, in the aggregate, on an as-converted basis, approximately 20% of the sum of the total number of all shares of ordinary shares outstanding upon the completion of the IPO plus all shares of Class A ordinary shares 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 ordinary shares into an equal number of shares of Class A ordinary shares, subject to adjustment as provided above, at any time. Preference Shares outstanding

Warrants

Warrants	6 Months Ended
Warrants	Jun. 30, 2022
Warrants
Warrants	Note 8 — Warrants As of June 30, 2022 and December 31, 2021, there were 17,250,000 Public Warrants and 8,150,000 Private Placement Warrants issued and outstanding. The Public Warrants will become exercisable 30 days after the completion of a Business Combination. No warrants will be exercisable for cash unless the Company has an effective and current registration statement covering the shares of ordinary shares issuable upon exercise of the warrants and a current prospectus relating to such shares of ordinary shares. Notwithstanding the foregoing, if a registration statement covering the shares of ordinary shares issuable upon exercise of the Public Warrants is not effective within a specified period following the consummation of a 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. Redemption of warrants when the price per Class A ordinary shares equals or exceeds $18.00 Once the warrants become exercisable, we may redeem the outstanding warrants (except as described herein with respect to the Private Placement Warrants): ● in whole and not in part; ● at a price of $0.01 per warrant; ● upon a minimum of 30 days ’ prior written notice of redemption, which we refer to as the “ 30-day redemption period”; and ● if, and only if, the last reported sale price (the “closing price”) of our Class A ordinary shares equals or exceeds $18.00 per share (as adjusted for adjustments to the number of shares issuable upon exercise or the exercise price of a warrant for any 20 trading days within a 30 -trading day period ending on the third trading day prior to the date on which we send the notice of redemption to the warrant holders. The Company will not redeem the warrants as described above unless an effective registration statement under the Securities Act covering the Class A ordinary shares issuable upon exercise of the warrants is effective and a current prospectus relating to those Class A ordinary shares is available throughout the 30-day Except as set forth below, none of the private placement warrants will be redeemable by us. No fractional Class A ordinary shares will be issued upon redemption. If, upon redemption, a holder would be entitled to receive a fractional interest in a share, we will round down to the nearest whole number of the number of Class A ordinary shares to be issued to the holder. 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 Private Placement Warrants will be identical to the Public Placement Warrants underlying the Units being sold in the IPO, except that the Private Placement Warrants and the shares of ordinary shares issuable upon the exercise of the Private Placement Warrants will not be transferable, assignable or salable until after the completion of a Business Combination, subject to certain limited exceptions. Additionally, the Private Placement Warrants will be exercisable for cash or on a cashless basis, at the holder’s option, and be non-redeemable so long as they are held by the initial purchasers or their permitted transferees. The exercise price and number of shares of ordinary shares issuable on exercise of the warrants may be adjusted in certain circumstances including in the event of a share dividend, extraordinary dividend or our recapitalization, reorganization, merger or consolidation. However, the warrants will not be adjusted for issuances of shares of ordinary shares at a price below their respective exercise prices. 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. In addition, if the Company issues additional shares of ordinary shares or equity-linked securities for capital raising purposes in connection with the closing of a Business Combination at an issue price or effective issue price of less than $9.20 per share of ordinary shares (with such issue price or effective issue price to be determined in good faith by the Company’s board of directors, and in the case of any such issuance to the initial shareholders or their affiliates, without taking into account any Founder Shares held by them prior to 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 a Business Combination on the date of the consummation of a Business Combination (net of redemptions), and (z) the volume weighted average trading price of the Company’s ordinary shares during the 20 trading day period starting on the trading day prior to the day on which the Company consummates 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 (i) the Market Value and (ii) the Newly Issued Price, and the $18.00 per share redemption price when the price per Class A ordinary share equals or exceeds $18.00” will be adjusted (to the nearest cent) to be equal to 180% of the higher of the Market Value and the Newly Issued Price.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
Fair Value Measurements	Jun. 30, 2022
Fair Value Measurements
Fair Value Measurements	Note 9 — Fair Value Measurements At June 30, 2022 and December 31, 2021, substantially all of the assets held in the Trust Account were held in U.S. Treasury securities. All of the Company’s investments held in the Trust Account are classified as trading securities. The following table presents information about the Company’s assets that are measured at fair value on a recurring basis at June 30, 2022 and December 31, 2021 and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value. June 30, 2022: Quoted Prices in Significant Other Significant Other Active Markets Observable Inputs Unobservable Inputs Level (Level 1) (Level 2) (Level 3) Assets: U.S. Treasury Securities 1 $ 231,262,775 — — December 31, 2021: Quoted Prices in Significant Other Significant Other Active Markets Observable Inputs Unobservable Inputs Level (Level 1) (Level 2) (Level 3) Assets: U.S. Treasury Securities 1 $ 231,128,639 — —

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
Summary of Significant Accounting Policies (Policies)	Jun. 30, 2022
Summary of Significant Accounting Policies
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 (“U.S. GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q and Article 10 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. The interim results for the three months period ended June 30, 2022 are not necessarily indicative of the results to be expected for the period ended December 31, 2021 or for any future periods.
Emerging Growth Company	Emerging Growth Company The Company is an emerging growth company as defined in Section 102(b)(1) of the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), which 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 an 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 that is neither an emerging growth company nor an emerging growth company that 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 financial statements. Making estimates requires management to exercise significant judgment. Such estimates may be subject to change as more current information becomes available and accordingly the actual results could differ significantly from those estimates. 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 financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Actual results could differ 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. As of June 30, 2022 and December 31, 2021, the company had held outside its Trust account, cash balance of $453,806 and $1,193,008 respectively. The Company did not have any cash equivalents as of June 30, 2022 and December 31, 2021.
Investments Held in Trust Account	Investments Held in Trust Account At June 30, 2022, substantially all of the assets held in the Trust Account were held in U.S. Treasury securities. 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. Gains and losses resulting from the change in fair value of investments held in Trust Account are included in gain (loss) on investments in the accompanying statement of operations. The estimated fair values of investments held in Trust Account are determined using available market information.
Offering Costs associated with the Initial Public Offering	Offering Costs associated with the Initial Public Offering Offering costs consist principally of legal, accounting, underwriting fees and other costs directly related to the IPO and was charged to shareholder’s deficit upon completion of the IPO. Offering costs, including those attributable to the underwriters’ exercise of the over-allotment option in full, amounted to $13,451,853 (consisting of $4,600,000 of underwriting fees, $8,050,000 of deferred underwriting fees payable (which are held in the Trust Account (defined below)) and $801,853 of other costs. The offering costs were allocated $13,028,986, and $422,867 to Class A ordinary shares, and the public warrants respectively.
Concentration of Credit Risk	Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in financial institutions, which, at times, may exceed the Federal Deposit Insurance Corporation and Securities Investor Protection Corporation Insurance coverage limits of $250,000 and $500,000 (including cash of $250,000) respectively. At June 30, 2022 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 is defined as the price that would be received for sale of an asset or paid for transfer of a liability, in an orderly transaction between market participants at the measurement date. U.S. GAAP establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). These tiers include: ● Level 1, defined as observable inputs such as quoted prices (unadjusted) for identical instruments in active markets; ● Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and ● Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. In some circumstances, the inputs used to measure fair value might be categorized within different levels of the fair value hierarchy. In those instances, the fair value measurement is categorized in its entirety in the fair value hierarchy based on the lowest level input that is significant to the fair value measurement. In many cases, a valuation technique used to measure fair value includes inputs from multiple levels of the fair value hierarchy described above. The lowest level of significant input determines the placement of the entire fair value measurement in the hierarchy.
Income Taxes	Income Taxes The Company complies with the accounting and reporting requirements of ASC Topic 740, Income Taxes, which requires an asset and liability approach to financial accounting and reporting for income taxes. Deferred income tax assets and liabilities are computed for differences between the financial statement and tax bases of assets and liabilities that will result in future taxable or deductible amounts, based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. FASB ASC 740, prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions 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. The Company is subject to tax examinations by major taxing authorities since inception. The Company’s management determined that the Cayman Islands is the Company’s only major tax jurisdiction. There is currently no taxation imposed by the Government of the Cayman Islands. In accordance with Cayman income tax regulations, income taxes are not levied on the Company. The Company has no connection to any other taxable jurisdiction and is presently not subject to income taxes or income tax filing requirements in the Cayman Islands or the United States. Consequently, income taxes are not reflected in the Company’s financial statements. The Company is not currently aware of any issues under review that could result in significant payments, accruals, or material deviation from its position. There were no unrecognized tax benefits as of June 30, 2022 and December 31, 2021. The Company’s management does not expect that the total amount of unrecognized tax benefits will materially change over the next twelve months.
Accounting for Warrants	Accounting for Warrants The Company accounts for warrants as either equity-classified or liability-classified instruments based on an assessment of the instruments’ specific terms and applicable authoritative guidance in FASB ASC 480, Distinguishing Liabilities from Equity (“ASC 480”) and ASC 815, Derivatives and Hedging (“ASC 815”). The assessment considers whether the instruments are free standing financial instruments pursuant to ASC 480, meet the definition of a liability pursuant to ASC 480, and whether the instruments meet all of the requirements for equity classification under ASC 815, including whether the instruments are indexed to the Company’s own Ordinary shares and whether the instrument holders could potentially require “net cash settlement” in a circumstance outside of the Company’s control, among other conditions for equity classification. This assessment, which requires the use of professional judgment, is conducted at the time of warrant issuance and as of each subsequent quarterly period end date while the instruments are outstanding. Management has concluded that the Public Warrants (as defined in Note 3) and Private Placement Warrants issued pursuant to the warrant agreement qualify for equity accounting treatment.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In August 2020, the FASB issued Accounting Standard Update (“ASU”) No. 2020-06, Debt -Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging -Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity, which simplifies accounting for convertible instruments by removing major separation models required under current GAAP. The ASU removes certain settlement conditions that are required for equity contracts to qualify for the derivative scope exception, and it also simplifies the diluted earnings per share calculation in certain areas. The Company adopted ASU 2020-06 on May 24, 2021, with no impact upon adoption. The Company’s management does not believe that any recently issued, but not yet effective, accounting pronouncements, if currently adopted, would have a material effect on the Company’s financial statement.
Ordinary share Subject to Possible Redemption	Ordinary share Subject to Possible Redemption The Company accounts for its ordinary share subject to possible redemption in accordance with the guidance in ASC Topic 480, Distinguishing Liabilities from Equity. Shares of ordinary share subject to mandatory redemption (if any) is classified as a liability instrument and is measured at fair value. Conditionally redeemable ordinary share (including Class A ordinary shares that features 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) is classified as temporary equity. At all other times, Class A ordinary shares is classified as shareholders’ equity. The Company’s Class A ordinary shares features certain redemption rights that are considered to be outside of the Company’s control and subject to occurrence of uncertain future events. Accordingly, at June 30, 2022, and December 31, 2021 23,000,000 shares of Class A ordinary shares subject to possible redemption is presented as temporary equity, outside of the shareholders’ deficit section of the Company’s balance sheet. The Company recognizes changes in redemption value immediately as they occur and adjusts the carrying value of redeemable ordinary shares to equal the redemption value at the end of each reporting period. Increases or decreases in the carrying amount of the redeemable ordinary shares are affected by charges against additional paid-in capital and accumulated deficit. At June 30, 2022, the Redeemable Class A ordinary shares reflected in the balance sheet is reconciled in the following table: Gross proceeds $ 230,000,000 Less: Fair value of Public Warrants at issuance (7,245,000) Class A shares issuance costs (13,028,986) Plus: Accretion of carrying value to redemption value 21,402,625 Class A ordinary shares subject to possible redemption as of December 31, 2021 $ 231,128,639 Less: Remeasurement of Class A ordinary shares to redemption value (64,336) Class A ordinary shares subject to possible redemption as of March 31, 2022 $ 231,064,303 Add: Remeasurement of Class A ordinary shares to redemption value 198,472 Class A ordinary shares subject to possible redemption as of June 30, 2022 $ 231,262,775
Net loss per Ordinary Share	Net loss per Ordinary Share The Company complies with accounting and disclosure requirements of ASC 260, Earnings Per Share. The Company has two classes of shares, which are referred to as Class A ordinary share subject to possible redemption and Class B ordinary shares. Net loss are shared pro rata between the two classes of shares. Net loss per ordinary share is calculated by dividing the net loss by the weighted average ordinary shares outstanding for the respective period. Net loss for the period from inception to IPO was allocated fully to Class B ordinary shares. Diluted net loss per share attributable to ordinary stockholders adjusts the basic net loss per share attributable to ordinary shareholders and the weighted-average ordinary shares outstanding for the potentially dilutive impact of outstanding warrants. However, because the warrants are anti-dilutive, diluted net loss per ordinary share is the same as basic net loss per ordinary share for the period presented. With respect to the accretion of Class A ordinary shares subject to possible redemption and consistent with ASC 480-10-S99-3A, the Company treated accretion in the same manner as a dividend paid to the shareholder in the calculation of the net loss per ordinary share. The following table reflects the calculation of basic and diluted net loss per ordinary share (in dollars, except per share amounts): For the three months ended June 30, 2022: Net loss $ (283,320) Accretion of temporary equity to redemption value (198,472) Net loss including accretion of temporary equity to redemption $ (481,792) Class A Ordinary Class B Ordinary share share Total Total number of shares 23,000,000 5,750,000 Ownership percentage 80 % 20 % Total loss allocated $ (226,656) $ (56,664) $ (283,320) Less: Accretion allocated based on ownership percentage (158,778) (39,694) (198,472) Plus: Accretion applicable to Class A redeemable shares 198,472 — 198,472 Total income (loss) by class $ (186,962) $ (96,358) Weighted Average Shares outstanding 23,000,000 5,750,000 Income (loss) per share $ (0.01) $ (0.02) For the six months ended June 30, 2022: Net loss $ (689,819) Accretion of temporary equity to redemption value (134,136) Net loss including accretion of temporary equity to redemption $ (823,955) Class A Ordinary Class B Ordinary share share Total Total number of shares 23,000,000 5,750,000 Ownership percentage 80 % 20 % Total loss allocated $ (551,855) $ (137,964) $ (689,819) Less: Accretion allocated based on ownership percentage (107,309) (26,827) (134,136) Plus: Accretion applicable to Class A redeemable shares 134,136 — 134,136 Total income (loss) by class $ (525,028) $ (164,791) Weighted Average Shares outstanding 23,000,000 5,750,000 Income (loss) per share $ (0.02) $ (0.03) For the period May 24, 2021 (inception) through June 30, 2021: Net loss $ (25,617) Accretion of temporary equity to redemption value — Net loss including accretion of temporary equity to redemption $ (25,617) Class B Ordinary share Total Total number of shares 5,750,000 Ownership percentage % 100 % Total loss allocated $ (25,617) $ (25,617) Less: Accretion allocated based on ownership percentage — — Plus: Accretion applicable to Class A redeemable shares — — Total income (loss) by class $ (25,617) Weighted Average Shares outstanding 5,750,000 Income (loss) per share $ (0.00)

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	6 Months Ended
Summary of Significant Accounting Policies (Tables)	Jun. 30, 2022
Summary of Significant Accounting Policies.
Summary of reconciliation of redeemable ordinary Shares reflected in the balance sheet	At June 30, 2022, the Redeemable Class A ordinary shares reflected in the balance sheet is reconciled in the following table: Gross proceeds $ 230,000,000 Less: Fair value of Public Warrants at issuance (7,245,000) Class A shares issuance costs (13,028,986) Plus: Accretion of carrying value to redemption value 21,402,625 Class A ordinary shares subject to possible redemption as of December 31, 2021 $ 231,128,639 Less: Remeasurement of Class A ordinary shares to redemption value (64,336) Class A ordinary shares subject to possible redemption as of March 31, 2022 $ 231,064,303 Add: Remeasurement of Class A ordinary shares to redemption value 198,472 Class A ordinary shares subject to possible redemption as of June 30, 2022 $ 231,262,775
Summary of reconciliation of numerator and denominator used to compute basic and diluted net loss per share	The following table reflects the calculation of basic and diluted net loss per ordinary share (in dollars, except per share amounts): For the three months ended June 30, 2022: Net loss $ (283,320) Accretion of temporary equity to redemption value (198,472) Net loss including accretion of temporary equity to redemption $ (481,792) Class A Ordinary Class B Ordinary share share Total Total number of shares 23,000,000 5,750,000 Ownership percentage 80 % 20 % Total loss allocated $ (226,656) $ (56,664) $ (283,320) Less: Accretion allocated based on ownership percentage (158,778) (39,694) (198,472) Plus: Accretion applicable to Class A redeemable shares 198,472 — 198,472 Total income (loss) by class $ (186,962) $ (96,358) Weighted Average Shares outstanding 23,000,000 5,750,000 Income (loss) per share $ (0.01) $ (0.02) For the six months ended June 30, 2022: Net loss $ (689,819) Accretion of temporary equity to redemption value (134,136) Net loss including accretion of temporary equity to redemption $ (823,955) Class A Ordinary Class B Ordinary share share Total Total number of shares 23,000,000 5,750,000 Ownership percentage 80 % 20 % Total loss allocated $ (551,855) $ (137,964) $ (689,819) Less: Accretion allocated based on ownership percentage (107,309) (26,827) (134,136) Plus: Accretion applicable to Class A redeemable shares 134,136 — 134,136 Total income (loss) by class $ (525,028) $ (164,791) Weighted Average Shares outstanding 23,000,000 5,750,000 Income (loss) per share $ (0.02) $ (0.03) For the period May 24, 2021 (inception) through June 30, 2021: Net loss $ (25,617) Accretion of temporary equity to redemption value — Net loss including accretion of temporary equity to redemption $ (25,617) Class B Ordinary share Total Total number of shares 5,750,000 Ownership percentage % 100 % Total loss allocated $ (25,617) $ (25,617) Less: Accretion allocated based on ownership percentage — — Plus: Accretion applicable to Class A redeemable shares — — Total income (loss) by class $ (25,617) Weighted Average Shares outstanding 5,750,000 Income (loss) per share $ (0.00)

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
Fair Value Measurements (Tables)	Jun. 30, 2022
Fair Value Measurements
Schedule of assets that are measured at fair value on a recurring basis	Quoted Prices in Significant Other Significant Other Active Markets Observable Inputs Unobservable Inputs Level (Level 1) (Level 2) (Level 3) Assets: U.S. Treasury Securities 1 $ 231,262,775 — — December 31, 2021: Quoted Prices in Significant Other Significant Other Active Markets Observable Inputs Unobservable Inputs Level (Level 1) (Level 2) (Level 3) Assets: U.S. Treasury Securities 1 $ 231,128,639 — —

Description of Organization a_2

Description of Organization and Business Operations and Liquidity (Details)			6 Months Ended
	Dec. 09, 2021 USD ($) $ / shares shares	May 24, 2021 item	Jun. 30, 2022 USD ($) M $ / shares shares	Dec. 31, 2021 USD ($) $ / shares
Subsidiary, Sale of Stock [Line Items]
Number of shares per warrant \| shares	1
Offering Costs			$ 13,451,853
Underwriting fees			4,600,000
Deferred underwriting fee payable			8,050,000
Other offering costs			$ 801,853
Condition for future business combination number of businesses minimum \| item		1
Extension Period \| M			18
Maximum allowed dissolution expenses			$ 100,000
Working Capital			$ 655,993
Months to complete acquisition \| M			12
Cash and marketable securities held in Trust Account			$ 231,262,775	$ 231,128,639
Cash at bank			$ 453,806
Initial Public Offering
Subsidiary, Sale of Stock [Line Items]
Sale of Units (in shares) \| shares			23,000,000
Investment of cash into Trust Account			$ 231,150,000
Purchase price per unit \| $ / shares			$ 10.05
Offering Costs			$ 13,451,853
Underwriting fees			4,600,000
Deferred underwriting fee payable			8,050,000
Other offering costs			$ 801,853
Period for payment of deferred underwriting fee \| M			12
Period for payment of deferred underwriting fee during extension period \| M			18
Threshold Minimum Aggregate Fair Market value as percentage of asset held in trust account			80%
Threshold percentage of public shares subject to redemption without company's prior written consent			15%
Threshold percentage of outstanding voting securities of the target to be acquired by post-transaction company to complete business combination			50%
Condition for future business combination threshold Net Tangible Assets			$ 5,000,001
Obligation to redeem Public Shares if entity does not complete a Business Combination (as a percent)			100%
Redemption period upon closure			10 days
Private Placement \| Private Placement Warrants
Subsidiary, Sale of Stock [Line Items]
Proceeds from issuance of units	$ 7,400,000
Sale of Private Placement Warrants (in shares) \| shares	7,400,000
Price of warrant \| $ / shares	$ 1
Number of shares per warrant \| shares	1
Over-allotment option
Subsidiary, Sale of Stock [Line Items]
Sale of Units (in shares) \| shares	3,000,000		3,000,000
Purchase price per unit \| $ / shares	$ 10		$ 10
Proceeds from issuance of units	$ 30,000,000
Over-allotment option \| Private Placement Warrants
Subsidiary, Sale of Stock [Line Items]
Sale of Private Placement Warrants (in shares) \| shares	8,150,000
Price of warrant \| $ / shares	$ 1
Minimum
Subsidiary, Sale of Stock [Line Items]
Extension Period \| M			2
Maximum
Subsidiary, Sale of Stock [Line Items]
Extension Period \| M			3
Class A ordinary shares
Subsidiary, Sale of Stock [Line Items]
Common shares, par value, (per share) \| $ / shares			$ 0.0001	$ 0.0001
Class A ordinary shares \| Initial Public Offering
Subsidiary, Sale of Stock [Line Items]
Sale of Units (in shares) \| shares	20,000,000
Number of shares in a unit \| shares	1
Number of warrants in a unit \| shares	0.75
Common shares, par value, (per share) \| $ / shares	$ 0.0001
Purchase price per unit \| $ / shares	$ 10
Proceeds from issuance of units	$ 200,000,000
Class A ordinary shares \| Over-allotment option
Subsidiary, Sale of Stock [Line Items]
Share purchase price \| $ / shares	$ 11.50
Sponsor \| Private Placement Warrants
Subsidiary, Sale of Stock [Line Items]
Sale of Units (in shares) \| shares	750,000
Purchase price per unit \| $ / shares	$ 1
Proceeds from issuance of units	$ 750,000

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) - USD ($)	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Cash	$ 453,806	$ 1,193,008
Cash equivalents	0	0
Underwriting fees	4,600,000
Other offering costs	801,853
Cash FDIC Insured Amount	250,000
Securities Investor Protection Corporation Insurance	500,000
Unrecognized tax benefits	0	$ 0
Transaction Costs	13,451,853
Deferred underwriting fee payable	8,050,000
Public Warrants
Offering costs allocated	422,867
Class A ordinary shares
Offering costs allocated	$ 13,028,986
Ordinary share Subject to Possible Redemption	23,000,000	23,000,000

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Ordinary share Subject to Possible Redemption (Details) - USD ($)	3 Months Ended		6 Months Ended	12 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2022	Dec. 31, 2021
Accretion of carrying value to redemption value	$ 198,472	$ (64,336)
Remeasurement of Class A ordinary shares to redemption value	198,472		$ 134,136
Class A ordinary shares
Gross proceeds				$ 230,000,000
Fair value of Public Warrants at issuance				(7,245,000)
Class A shares issuance costs				(13,028,986)
Accretion of carrying value to redemption value				21,402,625
Class A ordinary shares subject to possible redemption, beginning balance	231,064,303	231,128,639	231,128,639
Remeasurement of Class A ordinary shares to redemption value	198,472	64,336	134,136
Class A ordinary shares subject to possible redemption, ending balance	$ 231,262,775	$ 231,064,303	$ 231,262,775	$ 231,128,639

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Net loss per Ordinary Share (Details) - USD ($)	1 Months Ended	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2022	Dec. 31, 2021
Earnings Per Share
Net loss	$ (25,617)	$ (283,320)	$ (406,499)	$ (689,819)
Accretion of temporary equity to redemption value		(198,472)		(134,136)
Total loss	(25,617)	(481,792)		(823,955)
Less: Accretion allocated based on ownership percentage		(198,472)		(134,136)
Plus: Accretion applicable to Class A redeemable shares		198,472		134,136
Class A ordinary shares
Earnings Per Share
Net loss		$ (226,656)		$ (551,855)
Total number of shares		23,000,000		23,000,000	23,000,000
Total number of shares		0		0	0
Ownership Percentage		80%		80%
Less: Accretion allocated based on ownership percentage		$ (158,778)		$ (107,309)
Plus: Accretion applicable to Class A redeemable shares		198,472	$ 64,336	134,136
Total income (loss) by class		$ (186,962)		$ (525,028)
Weighted average shares outstanding, Basic		23,000,000		23,000,000
Weighted average shares outstanding, Diluted		23,000,000		23,000,000
Basic net income (loss) per share		$ (0.01)		$ (0.02)
Diluted net income (loss) per share		$ (0.01)		$ (0.02)
Class B Ordinary shares
Earnings Per Share
Net loss	$ (25,617)	$ (56,664)		$ (137,964)
Total number of shares	5,750,000	5,750,000		5,750,000	5,750,000
Ownership Percentage	100%	20%		20%
Less: Accretion allocated based on ownership percentage		$ (39,694)		$ (26,827)
Total income (loss) by class	$ (25,617)	$ (96,358)		$ (164,791)
Weighted average shares outstanding, Basic	5,750,000	5,750,000		5,750,000
Weighted average shares outstanding, Diluted	5,750,000	5,750,000		5,750,000
Basic net income (loss) per share	$ 0	$ (0.02)		$ (0.03)
Diluted net income (loss) per share	$ 0	$ (0.02)		$ (0.03)

Initial Public Offering and O_2

Initial Public Offering and Over-Allotment (Details) - $ / shares		6 Months Ended
	Dec. 09, 2021	Jun. 30, 2022
Subsidiary, Sale of Stock [Line Items]
Number of shares issuable per warrant	1
Initial Public Offering
Subsidiary, Sale of Stock [Line Items]
Number of units sold		23,000,000
Purchase price, per unit		$ 10.05
Initial Public Offering \| Public Warrants
Subsidiary, Sale of Stock [Line Items]
Number of shares in a unit		1
Number of warrants in a unit		0.75
Number of shares issuable per warrant		1
Exercise price of warrants		$ 11.50
Over-allotment option
Subsidiary, Sale of Stock [Line Items]
Number of units sold	3,000,000	3,000,000
Purchase price, per unit	$ 10	$ 10

Private Placement Warrants (Det

Private Placement Warrants (Details)	Dec. 09, 2021 USD ($) $ / shares shares
Subsidiary, Sale of Stock [Line Items]
Number of shares per warrant	1
Over-allotment option \| Private Placement Warrants
Subsidiary, Sale of Stock [Line Items]
Number of warrants to purchase shares issued	8,150,000
Price of warrants \| $ / shares	$ 1
Private Placement \| Private Placement Warrants
Subsidiary, Sale of Stock [Line Items]
Number of warrants to purchase shares issued	7,400,000
Price of warrants \| $ / shares	$ 1
Proceeds from private placement warrants \| $	$ 8,150,000
Number of shares per warrant	1
Purchase price \| $ / shares	$ 11.50

Related Party Transactions - Fo

Related Party Transactions - Founder Shares (Details) - USD ($)		1 Months Ended
	Jun. 16, 2021	Jun. 30, 2021	Jun. 30, 2022	Dec. 31, 2021
Related Party Transaction [Line Items]
Aggregate purchase price		$ 25,000
Due to affiliate			$ 62,986	$ 199,316
Sponsor
Related Party Transaction [Line Items]
Due to affiliate			$ 62,986	$ 199,316
Founder Shares \| Sponsor
Related Party Transaction [Line Items]
Shares subject to forfeiture	750,000
Founder Shares \| Sponsor \| Class B Ordinary shares
Related Party Transaction [Line Items]
Number of shares issued	5,750,000
Aggregate purchase price	$ 25,000

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021	Jun. 16, 2021
Related Party Transaction [Line Items]
Working Capital	$ 655,993
Due to affiliate	62,986	$ 199,316
Promissory Note with Related Party
Related Party Transaction [Line Items]
Maximum borrowing capacity of related party promissory note			$ 300,000
Outstanding balance of related party note	0	0
Support Services
Related Party Transaction [Line Items]
Expenses per month	10,000
Due to affiliate	67,000	7,000
Amount of expense under the agreement	60,000
Related Party Loans \| Working capital loans
Related Party Transaction [Line Items]
Loan conversion agreement warrant	$ 1,500,000
Price of warrant	$ 1
Working Capital	$ 0	$ 0

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($)		6 Months Ended
Commitments and Contingencies (Details) - USD ($)	Dec. 09, 2021	Jun. 30, 2022
Deferred Fee Per Unit		$ 0.35
Aggregate deferred underwriting fee payable		$ 8,050,000
Over-allotment option
Granted term		45 days
Sale of Units (in shares)	3,000,000	3,000,000
Number of shares issued	3,000,000
Share Price	$ 10
Underwriting cash discount per unit		$ 0.20
Underwriter cash discount		$ 4,600,000

Shareholders' Deficit - Ordinar

Shareholders' Deficit - Ordinary Shares (Details)	6 Months Ended
Shareholders' Deficit - Ordinary Shares (Details)	Jun. 30, 2022 $ / shares shares	Dec. 31, 2021 $ / shares shares	Jun. 30, 2021 shares
Class A ordinary shares
Class of Stock [Line Items]
Common shares, shares authorized (in shares)	200,000,000	200,000,000
Common shares, par value (in dollars per share) \| $ / shares	$ 0.0001	$ 0.0001
Common shares, shares issued (in shares)	0	0
Common shares, shares outstanding (in shares)	0	0
Shares subject to possible redemption	23,000,000	23,000,000
Class B Ordinary shares
Class of Stock [Line Items]
Common shares, shares authorized (in shares)	20,000,000	20,000,000
Common shares, par value (in dollars per share) \| $ / shares	$ 0.0001	$ 0.0001
Common shares, votes per share	1
Common shares, shares issued (in shares)	5,750,000	5,750,000
Common shares, shares outstanding (in shares)	5,750,000	5,750,000	5,750,000
Ratio to be applied to the stock in the conversion	20

Shareholders' Deficit - Preferr

Shareholders' Deficit - Preferred Stock Shares (Details) - $ / shares	Jun. 30, 2022	Dec. 31, 2021
Shareholders' Deficit
Preferred shares, shares authorized	1,000,000	1,000,000
Preferred stock, par value, (per share)	$ 0.0001	$ 0.0001
Preferred shares, shares issued	0	0
Preferred shares, shares outstanding	0	0

Warrants (Details)

Warrants (Details)	6 Months Ended
Warrants (Details)	Jun. 30, 2022 D $ / shares shares	Dec. 31, 2021 shares
Class of Warrant or Right [Line Items]
Warrant redemption price adjustment multiple	180
Warrants.
Class of Warrant or Right [Line Items]
Threshold trading days for redemption of public warrants	20 days
Percentage of gross new proceeds to total equity proceeds used to measure dilution of warrant	60
Share price trigger used to measure dilution of warrant	$ 9.20
Adjustment one of redemption price of stock based on market value and newly issued price (as a percent)	115%
Warrants. \| Redemption of Warrants When the Price per Class A Ordinary Share Equals or Exceeds $18.00
Class of Warrant or Right [Line Items]
Warrant redemption condition minimum share price	$ 18
Redemption price per public warrant (in dollars per share)	$ 0.01
Minimum threshold written notice period for redemption of public warrants	30 days
Threshold trading days for redemption of public warrants	30 days
Threshold consecutive trading days for redemption of public warrants \| D	20
Threshold number of business days before sending notice of redemption to warrant holders \| D	30
Redemption period	30 days
Stock price trigger for redemption of warrants	$ 18
Private Placement Warrants
Class of Warrant or Right [Line Items]
Warrants issued and outstanding \| shares	8,150,000
Public Warrants
Class of Warrant or Right [Line Items]
Warrants issued and outstanding \| shares	17,250,000	17,250,000
Warrants exercisable term after business combination	30 days
Public Warrants expiration term	5 years

Fair Value Measurements - Compa

Fair Value Measurements - Company's assets that are measured at fair value on a recurring basis (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Recurring \| Level 1 \| U.S. Treasury Securities
Assets:
U.S. Treasury Securities	$ 231,262,775	$ 231,128,639