Financial Performance - For the three months ended September 30, 2022, the company reported a net income of $507,193, with $797,218 in interest gained from the trust account[110]. - The company had a net loss of $10,832 for the period from March 15, 2021, to September 30, 2021, consisting entirely of formation and administrative expenses[111]. - The company reported a net loss per ordinary share, calculated by dividing net loss by the weighted average number of ordinary shares outstanding during the period[127]. - The diluted loss per ordinary share is the same as the basic loss per share for the period presented, as the effect of warrants is considered anti-dilutive[128]. Initial Public Offering - The company completed its initial public offering on November 8, 2021, selling 17,250,000 public units at $10.00 per unit, generating gross proceeds of $172,500,000[107]. - The trust account held $177,011,962 of the initial public offering proceeds and interest earned as of September 30, 2022[113]. - The company has engaged EarlyBirdCapital as an advisor for its initial business combination, with a fee of 3.5% of the gross proceeds of the initial public offering payable upon consummation[121]. Cash and Borrowings - As of September 30, 2022, the company had cash outside its trust account amounting to $556,544 available for working capital needs[112]. - As of September 30, 2022, the company had $449,765 of outstanding borrowings under a working capital loan[114]. Business Operations - The company has not commenced any operations and will not generate operating revenues until after completing an initial business combination[109]. - If the company does not complete a business combination by May 8, 2023, it will commence automatic winding up, dissolution, and liquidation[118]. Accounting Standards and Regulations - The company is assessing the impact of ASU No. 2020-06 on its financial position, which simplifies accounting for convertible instruments and is effective for fiscal years beginning after December 15, 2023[130]. - ASU 2022-03 clarifies that contractual sales restrictions are not considered in measuring equity securities at fair value, effective for the company in fiscal years beginning after December 15, 2023[131]. - The company qualifies as an "emerging growth company" under the JOBS Act, allowing it to delay the adoption of new accounting standards[133]. - The company may not be required to provide certain disclosures and attestation reports under the JOBS Act for a period of five years following its initial public offering[134]. Risks and Uncertainties - Various factors, including economic downturns and geopolitical instability, may adversely affect the company's results of operations and ability to complete an initial business combination[136]. - As of September 30, 2022, the company was not subject to any market or interest rate risk, with net proceeds from the IPO invested in U.S. government treasury obligations[137]. - The company has not engaged in any hedging activities since inception and does not expect to do so in the future[138].

Initial Public Offering - The company completed its initial public offering on November 8, 2021, selling 17,250,000 public units at $10.00 per unit, generating gross proceeds of $172,500,000[111]. - The trust account held $176,216,362 of the initial public offering proceeds and interest earned as of June 30, 2022[111]. - The company has engaged EarlyBirdCapital as an advisor for the initial business combination, with a cash fee of 3.5% of the gross proceeds of the initial public offering payable upon consummation[119]. Financial Performance - As of June 30, 2022, the company reported a net income of $37,357 for the three months ended June 30, 2022, and a net loss of $123,193 for the six months ended June 30, 2022[108]. - The company incurred $387,757 in formation, general, and administrative expenses for the six months ended June 30, 2022[108]. - The company reported a net loss per ordinary share, calculated by dividing net loss by the weighted average number of ordinary shares outstanding during the period[124]. - Diluted loss per share is the same as basic loss per share for the period presented, as the effect of warrants is considered anti-dilutive[125]. Cash and Working Capital - The company had cash outside the trust account of $604,188 available for working capital needs as of June 30, 2022[110]. - The company has outstanding borrowings of $449,765 under a working capital loan as of June 30, 2022[112]. - The company expects to incur approximately $280,000 for legal, accounting, and other expenses associated with structuring and negotiating business combinations prior to the initial business combination[113]. Business Combination and Risks - If the company does not consummate a business combination before May 8, 2023, it will commence automatic winding up, dissolution, and liquidation[116]. - Various factors, including economic uncertainty and geopolitical instability, may adversely affect the company's results of operations and ability to complete an initial business combination[131]. Debt and Obligations - The company has no long-term debt or capital lease obligations as of June 30, 2022[118]. Accounting Standards and Regulations - The company is assessing the impact of ASU No. 2020-06 on its financial position, results of operations, or cash flows, effective for smaller reporting companies after December 15, 2023[126]. - The company qualifies as an "emerging growth company" under the JOBS Act, allowing it to delay the adoption of new or revised accounting standards[128]. - The company may not be required to provide certain disclosures or independent attestation reports for a period of five years following its initial public offering[130]. Market and Interest Rate Risk - As of June 30, 2022, the company was not subject to any market or interest rate risk, with net proceeds from the IPO invested in U.S. government treasury obligations[132]. - The company has not engaged in any hedging activities since inception and does not expect to do so in the future[133].

IPO and Trust Account - The company completed its initial public offering on November 8, 2021, selling 17,250,000 public units at $10.00 per unit, generating gross proceeds of $172,500,000[109]. - Following the IPO, the company placed $175,950,000 in a trust account, invested in U.S. government securities with a maturity of 180 days or less[105]. Financial Performance - For the three months ended March 31, 2022, the company reported a net loss of $160,730, primarily due to formation and administrative expenses[107]. - As of March 31, 2022, the company had cash of $760,526 available for working capital needs, with the majority of funds held in the trust account[108]. - As of March 31, 2022, the company had $449,765 in outstanding borrowings under a working capital loan[110]. Business Combination and Expenses - The company expects to incur approximately $280,000 in legal and accounting expenses related to business combinations prior to the initial business combination[111]. - If the company does not complete a business combination by May 8, 2023, it will commence automatic winding up and liquidation[113]. - The company has engaged EarlyBirdCapital as an advisor for the initial business combination, with a fee of 3.5% of the gross proceeds of the IPO payable upon consummation[116]. Liquidity and Financial Position - The company anticipates that its liquidity requirements will include approximately $841,000 for miscellaneous expenses and reserves, including D&O insurance[111]. - The company has no long-term debt or capital lease obligations as of March 31, 2022[115]. Regulatory and Accounting Standards - The company is assessing the impact of ASU No. 2020-06 on its financial position, results of operations, or cash flows, effective for smaller reporting companies for fiscal years beginning after December 15, 2023[123]. - The company qualifies as an "emerging growth company" under the JOBS Act, allowing it to delay the adoption of new or revised accounting standards[125]. - The company may not be required to provide an independent registered public accounting firm's attestation report on internal controls over financial reporting for five years following its initial public offering[126]. Risks and Market Conditions - Various factors such as economic downturns, inflation, and geopolitical instability could adversely affect the company's results of operations and ability to complete an initial business combination[127]. - As of March 31, 2022, the company was not subject to any market or interest rate risk, with IPO proceeds invested in U.S. government treasury obligations[128]. - The company has not engaged in any hedging activities since inception and does not expect to do so in the future[130].

Financial Risks and Liabilities - The company expects to incur significant costs in pursuit of its acquisition plans, with potential funding through an initial public offering and loans from affiliates [152]. - If the company is unable to complete its initial business combination due to insufficient funds, it may be forced to cease operations and liquidate the trust account [154]. - The sponsor is liable for claims that reduce the trust account funds below $10.20 per public share, but there is no guarantee that the sponsor has sufficient funds to satisfy these obligations [158]. - Claims by third parties could reduce the per-share redemption amount received by shareholders, potentially below $10.20 [156]. - The company may incur substantial debt to complete a business combination, which could negatively impact the value of shareholders' investments [172]. - Shareholders may be held liable for claims against the company to the extent of distributions received upon redemption of their shares [166]. - The company may face challenges in obtaining additional financing for its initial business combination, which could lead to restructuring or abandonment of the transaction [188]. - The company may face significant consequences if its securities are delisted from Nasdaq, including reduced liquidity and trading activity [237]. - The company may incur additional costs if the choice-of-forum provision is found inapplicable or unenforceable, potentially affecting financial condition and operations [201]. Shareholder Considerations - Public shareholders may receive approximately $10.20 per share on the liquidation of the trust account, with the possibility of receiving less under certain circumstances [153]. - There is no specified maximum redemption threshold, allowing the company to complete a business combination even if a majority of shareholders disagree [181]. - The company has approximately 19.5% of its ordinary shares owned by initial shareholders, which may facilitate amendments to its memorandum and articles of association with a two-thirds majority approval [185]. - The company may amend the terms of public warrants with the approval of at least a majority of the outstanding public warrants, potentially increasing the exercise price or shortening the exercise period [186]. - If the initial business combination is not completed, initial shareholders will lose their entire investment, creating a conflict in selecting a target business [227]. Regulatory and Compliance Issues - The company may face adverse effects from changes in laws or regulations, impacting its ability to negotiate and complete its initial business combination [165]. - Compliance with the Sarbanes-Oxley Act may increase the time and costs associated with completing an acquisition, particularly if the target company is not compliant [194]. - The requirement to furnish financial statements may limit the pool of potential target businesses due to the inability of some targets to provide necessary disclosures [189]. - The company is classified as an "emerging growth company," allowing it to take advantage of certain exemptions from reporting requirements, which may affect investor attractiveness [191]. - The company has not opted out of the extended transition period for new financial accounting standards, which may complicate comparisons with other public companies [192]. - The company is a "smaller reporting company," allowing it to provide only two years of audited financial statements, which may hinder performance comparisons with other public companies [193]. - The company does not intend to utilize exemptions from Nasdaq's corporate governance requirements, currently complying with them [256]. Operational and Market Risks - The company may pursue acquisition opportunities with early-stage or financially unstable businesses, which carry inherent risks [178]. - The lack of diversification may subject the company to numerous economic, competitive, and regulatory risks [176]. - Economic uncertainty and volatility in financial markets, exacerbated by geopolitical tensions, may adversely affect the company's ability to identify and consummate an initial business combination [196]. - Economic and political conditions in the country of operations could significantly affect the company's results and prospects [207]. - Exchange rate fluctuations may adversely affect the financial results of a target business, especially if revenues and expenses are in foreign currencies [208]. - The company may face challenges in managing cross-border operations, including regulatory compliance and cultural differences [205]. Management and Governance - The company is dependent on a small group of officers and directors, and their unexpected departure could adversely affect operations [220]. - Officers and directors are not required to commit full time to the company's affairs, leading to potential conflicts of interest [221]. - The company may engage in business combinations with entities affiliated with its sponsor, officers, and directors, raising potential conflicts of interest [225]. - Initial shareholders own approximately 19.5% of the issued and outstanding shares, which allows them to control the appointment of the board of directors [240]. - The company has not adopted a policy to prohibit directors and officers from having financial interests in transactions, which may lead to conflicts of interest [224]. Financial Instruments and Market Activity - The initial public offering price was $10.00 per unit, resulting in an immediate dilution of approximately 96.8% (or $9.68 per share) for public shareholders [241]. - The pro forma net tangible book value per Class A ordinary share after the IPO was negative $0.32 [241]. - The company issued 12,937,500 warrants with an exercise price of $11.50 per warrant as part of the 17,250,000 units sold in the IPO [244]. - If additional Class A ordinary shares are issued at a Newly Issued Price of less than $9.20, the exercise price of the warrants will be adjusted to 115% of the higher of the Market Value and the Newly Issued Price [242]. - The company may redeem outstanding warrants at $0.01 per warrant if the Class A ordinary shares' price equals or exceeds $18.00 for any 20 trading days within a 30 trading-day period [243]. - Up to $1,500,000 of working capital loans may be converted into warrants at the price of $1.00 per warrant [244]. - The potential issuance of additional Class A ordinary shares could make the company a less attractive acquisition vehicle [246]. - The potential issuance of shares underlying various warrants may adversely affect the market price of Class A ordinary shares [262]. - EarlyBirdCapital will receive a cash fee equal to up to 3.5% of the total gross proceeds raised in the initial public offering if the initial business combination is consummated [272]. Miscellaneous - The company may reincorporate or merge with another entity, which could result in tax implications for shareholders [270]. - As of December 31, 2021, the company was not subject to any material market or interest rate risk due to investments in U.S. government treasury obligations [327]. - The company has not engaged in any hedging activities since inception and does not expect to do so in the future [328]. - The market for directors and officers liability insurance has become more expensive and less favorable, potentially complicating the negotiation of initial business combinations [230]. - The company may need to purchase additional insurance to protect directors and officers from potential liabilities, adding expenses post-business combination [232].

Financial Performance - The Company reported a net loss of $10,832 for the period from March 15, 2021, through September 30, 2021, primarily due to formation and administrative expenses[103]. - As of September 30, 2021, the Company had a working capital deficit of $404,985 and $0 in cash in its operating bank account[104]. IPO and Fundraising - The Company completed its IPO on November 8, 2021, raising gross proceeds of $150,000,000 from the sale of 15,000,000 units at $10.00 per unit[106]. - An additional 2,250,000 units were sold on November 12, 2021, generating gross proceeds of $22,500,000[107]. - Following the IPO and over-allotment, a total of $175,950,000 was held in a trust account, invested in U.S. government securities[108]. - The Company has drawn down $83,681 under a promissory note from the Sponsor to cover offering expenses, which was fully repaid by November 8, 2021[105]. Business Combination and Expenses - The Company expects to incur approximately $280,000 for legal, accounting, and consulting costs related to any Business Combinations[112]. - The Company intends to use funds in the Trust Account primarily to complete its Business Combination and for working capital purposes[109]. - The Company does not anticipate needing to raise additional funds following the IPO to meet operating expenditures prior to the Business Combination[114]. Debt and Financial Obligations - The Company has no long-term debt or capital lease obligations as of September 30, 2021[116]. Regulatory and Reporting Considerations - The company qualifies as an "emerging growth company" under the JOBS Act, allowing it to delay the adoption of new or revised accounting standards[120]. - The company is evaluating the benefits of reduced reporting requirements under the JOBS Act, which may exempt it from certain disclosures for five years post-IPO[121]. - As of September 30, 2021, the company was not subject to any market or interest rate risk, with investments in U.S. government treasury obligations or money market funds[122].