Financial Position - As of March 31, 2022, the company had cash of approximately $882,587 and working capital of approximately $875,370[142] - A total of $193,545,000 was placed in the Trust Account after the Public Offering and related transactions[147] - As of March 31, 2022, the company had investments of $193,503,647 held in the Trust Account, intended for the initial Business Combination[149] - Class A ordinary shares subject to possible redemption totaled 18,975,000 shares as of March 31, 2022, classified as temporary equity[161] Financial Performance - For the three months ended March 31, 2022, the company incurred a net loss of $6,036,374, influenced by a change in fair value of warrant liability of $6,456,397[145] - The company has not generated any operating revenues to date and will not do so until after the completion of its initial Business Combination[143] - Cash used in operating activities for the three months ended March 31, 2022, was $156,978[148] Public Offering and Transaction Costs - The company generated gross proceeds of $173,235,000 from its Public Offering of 16,500,000 Units and an additional $25,245,000 from the over-allotment option and Private Placement Warrants[146] - The company incurred $12,517,335 in transaction costs related to the Public Offering, including $3,795,000 in cash underwriting fees[147] Future Funding and Regulations - The company does not currently believe it will need to raise additional funds for operating expenditures prior to the initial Business Combination[153] - The company is currently assessing the impact of ASU 2020-06 on its financial position, results of operations, or cash flows, with the standard effective from January 1, 2024[163] - The company has elected to irrevocably opt out of the extended transition period under the JOBS Act, meaning it will adopt new or revised standards at the time public companies do[166] - The company is evaluating the benefits of relying on reduced reporting requirements provided by the JOBS Act, which may exempt it from certain disclosures for five years following its Public Offering[167]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant to purchase one Class A ordinary shareBOCNU The Nasdaq Stock Market LLC Class A ordinary share, par value $0.0001 per share BOCN The Nasdaq Stock Market LLC Redeemable warrants, each exercisable for one Class A ordinary share at an exercise price of $11.50 per share, ...