Financial Performance - For the three months ended June 30, 2022, the company reported a net loss of $983,499, with operating costs of $1,257,618 and interest income of $274,119 from marketable securities[108]. - For the six months ended June 30, 2022, the company had a net loss of $1,446,066, consisting of operating costs of $1,740,627 and interest income of $294,561[108]. Assets and Securities - As of June 30, 2022, the company held marketable securities in the Trust Account amounting to $203,295,267, primarily in a money market fund and government bonds[115]. - The company generated total gross proceeds of $207,795,642 from its IPO and private placement, with $199,998,800 raised in the IPO alone[112]. - The company has $776,483 in cash available in its operating account and a working capital deficit of $184,811 as of June 30, 2022[116]. Obligations and Debt - The company is obligated to pay a deferred underwriting commission of $5,999,964 upon consummation of its initial business combination[123]. - The company has not incurred any long-term debt or off-balance sheet financing arrangements as of June 30, 2022[121]. Business Combination and Operations - The company has until 12 months from the closing of the IPO to complete its initial business combination, with the possibility of extending this period by up to six months[118]. - The company expects to continue incurring significant costs in pursuit of a business combination, raising doubts about its ability to sustain operations for at least one year from the issuance of the financial statements[119]. - The company does not expect to generate any operating revenues until after the completion of its business combination[120].

Financial Performance - For the three months ended March 31, 2022, the company reported a net loss of $462,567, with operating costs of $483,009 and interest income of $20,442 from marketable securities [106]. - As of March 31, 2022, there is substantial doubt about the company's ability to sustain operations for at least one year from the issuance of the financial statements [115]. Fundraising Activities - The company raised gross proceeds of $173,912,000 from its Initial Public Offering of 17,391,200 Units, sold at an offering price of $10.00 per Unit [107]. - An additional $7,032,580 was generated from the Private Placement of 7,032,580 warrants at a price of $1.00 per warrant [108]. - Total gross proceeds from the Initial Public Offering and Private Placement amounted to $207,795,642, with $202,998,782 placed in the Trust Account [109]. Cash and Assets - As of March 31, 2022, the company had cash and marketable securities in the Trust Account totaling $203,021,148 [111]. - The company has $918,459 in cash available in its operating account and working capital of $1,072,807 [112]. Debt and Obligations - The company has no long-term debt or off-balance sheet financing arrangements as of March 31, 2022 [116]. - The company is obligated to pay a deferred underwriting commission of $5,999,964 upon consummation of its initial Business Combination [118]. Business Combination Timeline - The company has until 12 months from the closing of the Initial Public Offering to complete its initial Business Combination, with the possibility of extending this period by up to 6 months [114].

Financial Performance - The company reported a net loss of $181,695 for the period from March 8, 2021, to December 31, 2021, with operating costs of $183,619 and interest income of $1,924 from marketable securities[263]. Initial Public Offering (IPO) - The initial public offering (IPO) on November 23, 2021, generated gross proceeds of $173,912,000 from the sale of 17,391,200 units, each priced at $10.00[264]. - An additional 764,262 private warrants were sold during the IPO's over-allotment option, generating gross proceeds of $764,262, bringing total gross proceeds from the IPO and private placement to $207,795,642[266]. Financial Position - As of December 31, 2021, the company held marketable securities in the Trust Account amounting to $203,000,706, primarily in a money market fund and government bonds[268]. - The company has $1,028,183 in cash available in its operating account and working capital of $1,555,816 as of December 31, 2021, to evaluate target businesses and cover operational expenses[269]. - Class A ordinary shares subject to possible redemption amounted to $202,998,782 as of December 31, 2021, classified as temporary equity on the balance sheet[277]. Obligations and Commitments - The company is obligated to pay a deferred underwriting commission of $5,999,964, which is 3.0% of the total gross proceeds raised in the offering, upon consummation of its initial business combination[275]. - The company may extend the period to consummate a business combination up to 18 months, requiring additional deposits into the trust account of $2,999,982 for each three-month extension[271]. Operational Expenses - The company incurred monthly fees of $10,000 to its Sponsor for office space and administrative support starting from November 23, 2021[274]. - The company has not entered into any off-balance sheet financing arrangements as of December 31, 2021[273].