0001193125-22-158546 | 10-Q | XBRL Viewer | Aurora Technology Acquisition Corp

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Cover Page - shares	3 Months Ended
Cover Page - shares	Mar. 31, 2022	May 24, 2022
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Entity File Number	001-41250
Entity Registrant Name	AURORA TECHNOLOGY ACQUISITION CORP.
Entity Central Index Key	0001883788
Current Fiscal Year End Date	--12-31
Entity Incorporation, State or Country Code	E9
Entity Tax Identification Number	98-1624542
Entity Address, Address Line One	4 Embarcadero Center
Entity Address, Address Line Two	Suite 1449
Entity Address, City or Town	San Francisco
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94105
City Area Code	650
Local Phone Number	550-0458
Title of 12(b) Security	Class A Ordinary Share, par value $0.0001 per share
Trading Symbol	ATAK
Security Exchange Name	NASDAQ
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
Capital Units [Member]
Document Information [Line Items]
Title of 12(b) Security	Units, each consisting of one Class A Ordinary Share, par value $0.0001 per share
Trading Symbol	ATAKU
Security Exchange Name	NASDAQ
Warrant [Member]
Document Information [Line Items]
Title of 12(b) Security	Redeemable Warrants, exercisable for Class A Ordinary Shares at an exercise price of $11.50 per share
Trading Symbol	ATAKW
Security Exchange Name	NASDAQ
Rights [Member]
Document Information [Line Items]
Title of 12(b) Security	Rights to one-tenth of one Class A Ordinary Share
Trading Symbol	ATAKR
Security Exchange Name	NASDAQ
Common Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		20,200,000
Common Class B [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		5,050,000

Condensed Balance Sheets - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Current assets
Cash	$ 593,773	$ 65,373
Prepaid expenses – current	503,567	0
Total Current Assets	1,097,340	65,373
Non-current assets
Cash and marketable securities held in Trust Account	204,020,000	0
Prepaid expenses – non-current	165,023	0
Deferred offering costs	0	307,402
Total Non-current Assets	204,185,023	307,402
Total Assets	205,282,363	372,775
Current liabilities
Accounts payable and accrued expenses	212,020	9,947
Accrued offering costs	103,884	104,990
Promissory note – related party	0	242,801
Total Current Liabilities	315,904	357,738
Non-Current liabilities
Warrant Liability	2,143,952	0
Deferred underwriter fee payable	7,070,000	0
Total Non-current Liabilities	9,213,952	0
Total Liabilities	9,529,856	357,738
Commitments and Contingencies (Note 8)
Class A ordinary shares subject to possible redemption; $0.0001 par value; 500,000,000 shares authorized; 20,200,000 shares issued and outstanding at redemption value of $10.10 per share	204,020,000	0
Shareholders' (Deficit) Equity
Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued and outstanding	0	0
Additional paid-in capital	0	24,425
Accumulated deficit	(8,268,028)	(9,963)
Total Shareholders' (Deficit) Equity	(8,267,493)	15,037
TOTAL LIABILITIES AND SHAREHOLDERS' (DEFICIT) EQUITY	205,282,363	372,775
Class A ordinary shares
Shareholders' (Deficit) Equity
Ordinary shares	30	0
Class B ordinary shares
Shareholders' (Deficit) Equity
Ordinary shares	$ 505	$ 575

Condensed Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2022	Dec. 31, 2021
Preferred stock, par or stated value per share	$ 0.0001	$ 0.0001
Preferred stock, shares authorizes	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Class A ordinary shares
Temporary equity, par or stated value per share	$ 0.0001	$ 0.0001
Temporary equity, shares authorized	500,000,000	500,000,000
Temporary equity, shares issued	20,200,000	0
Temporary equity shares outstanding	20,200,000	0
Temporary equity, redemption price per share	$ 10.1	$ 10.1
Common stock, par or stated value per share	$ 0.0001	$ 0.0001
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares, issued	303,000	0
Common stock, shares, outstanding	303,000	0
Class B ordinary shares
Common stock, par or stated value per share	$ 0.0001	$ 0.0001
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares, issued	5,050,000	5,750,000
Common stock, shares, outstanding	5,050,000	5,750,000

Condensed Statement of Operations	3 Months Ended
Condensed Statement of Operations	Mar. 31, 2022 USD ($) $ / shares shares
Formation and operating costs	$ 797,398
Loss from operations	(797,398)
Other income:
Change in fair value of warrant liability	3,636,595
Gain on extinguishment of over-allotment liability	258,440
Other income, net	3,895,035
Net income	$ 3,097,637
Common Class A Subject to Redemption [Member]
Other income:
Basic and diluted weighted average shares outstanding \| shares	11,446,667
Basic and diluted net income per share \| $ / shares	$ 0.19
Nonredeemable Ordinary Shares [Member]
Other income:
Net income	$ 967,628
Basic and diluted weighted average shares outstanding \| shares	5,200,033
Basic and diluted net income per share \| $ / shares	$ 0.19

Condensed Statement of Changes In Stockholders' Equity (Deficit) - 3 months ended Mar. 31, 2022 - USD ($)	Total	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Common Class A [Member]	Common Class A [Member] Ordinary Shares Subject to Possible Redemption [Member]	Common Class A [Member] Common Stock [Member]	Common Class B [Member] Common Stock [Member]
Beginning balance, Shares at Dec. 31, 2021					0	0	5,750,000
Beginning balance at Dec. 31, 2021	$ 15,037	$ 24,425	$ (9,963)		$ 0	$ 0	$ 575
Issuance of Class A ordinary shares, Shares					20,200,000
Issuance of Class A ordinary shares					$ 174,013,413
Remeasurement of Class A ordinary shares to redemption value	(30,006,587)	(18,650,885)	(11,355,702)		$ 30,006,587
Forfeiture of Class B shares issued to Sponsor, Shares							(700,000)
Forfeiture of Class B shares issued to Sponsor	0	70					$ (70)
Issuance of Representative Shares, Shares				303,000
Issuance of Representative Shares	3,030,000	3,029,970		$ 30
Rights underlying the Units	15,596,420	$ 15,596,420
Net income	3,097,637		3,097,637
Ending balance, Shares at Mar. 31, 2022					20,200,000	303,000	5,050,000
Ending balance at Mar. 31, 2022	$ (8,267,493)		$ (8,268,028)		$ 204,020,000	$ 30	$ 505

Condensed Statement of Cash Flows	3 Months Ended
Condensed Statement of Cash Flows	Mar. 31, 2022 USD ($)
Cash Flows from Operating Activities:
Net income	$ 3,097,637
Adjustments to reconcile net income to net cash used in operating activities:
Allocation of deferred offering costs for warrant liability	516,747
Change in fair value of warrant liability	(3,636,595)
Gain on extinguishment of OA liability	(258,440)
Changes in operating assets and liabilities:
Prepaid expenses	(668,590)
Accounts payable and accrued expenses	202,073
Net cash used in operating activities	(747,168)
Cash Flows from Investing Activities:
Investment of cash in Trust Account	(204,020,000)
Net cash used in investing activities	(204,020,000)
Cash Flows from Financing Activities:
Proceeds from issuance of Class A ordinary shares to Sponsor	202,000,000
Payment of underwriting fee	(2,525,000)
Payment of Promissory Note	(242,801)
Payment of deferred offering costs	(406,631)
Proceeds from sale of Private Warrants	6,470,000
Net cash provided by financing activities	205,295,568
Net Change in Cash	528,400
Cash – Beginning	65,373
Cash – Ending	593,773
Non-Cash Investing and Financing Activities:
Initial measurement of Class A ordinary shares subject to possible redemption	174,013,413
Initial measurement of public warrants and private placement warrants	5,780,547
Deferred underwriting fee payable	7,070,000
Remeasurement of Class A ordinary shares subject to possible redemption	30,006,587
Forfeiture of Founder Shares	(70)
Issuance of Representative Shares	30
Deferred offering costs included in accrued offering costs	$ 103,884

Organization and Plans of Business Operations	3 Months Ended
Organization and Plans of Business Operations	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Plans of Business Operations	NOTE 1. ORGANIZATION AND PLANS OF BUSINESS OPERATIONS Organization and General Aurora Technology Acquisition Corporation (the “Company”) was incorporated as a Cayman Islands exempted company on August 6, 2021. The Company is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, recapitalization or similar business combination with one or more businesses (a “Business Combination”). The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act of 1933, as amended (the “Securities Act”), as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”). Sponsor and Initial Financing As of March 31, 2022, the Company had not commenced any operations. All activity through March 31, 2022 relates to the Company’s formation, the initial public offering (the “Initial Public Offering” or “IPO”), which is described below, and identifying a target for a Business Combination. The Company will not generate any operating revenues until after the completion of its initial Business Combination, at the earliest. The Company generates non-operating income in the form of interest income from the proceeds derived from the Initial Public Offering. The registration statement for the Initial Public Offering was declared effective on February 7, 2022. On February 9, 2022, the Company consummated the Initial Public Offering of 20,200,000 units (the “Units” and, with respect to the Class A ordinary shares included in the Units sold, the “Public Shares”), which includes the exercise by the underwriter of its over-allotment option in the amount of 200,000 Units, at $10.00 per Unit, generating gross proceeds of $202,000,000, which is described in Note 3. Simultaneously with the closing of the Initial Public Offering, the Company consummated the sale of 6,470,000 warrants (each, a “Private Placement Warrant” and, collectively, the “Private Placement Warrants”) at a price of $1.00 per Private Placement Warrant in a private placement to ATAC Sponsor LLC (the “Sponsor”), generating gross proceeds of $6,470,000, which is described in Note 4. Transaction costs related to the consummation of the IPO on February 9, 2022, amounted to $29,192,787, consisting of $2,525,000 of underwriting discount, $7,070,000 of deferred underwriting fees, over-allotment option liability of $258,440, $3,030,000 for issuance of representative shares, $15,596,420 fair value of rights underlying the Units , a nd $712,927 of actual offering costs. In addition, on February 9, 2022, cash of $1,468,333 was held outside of the Trust Account (as defined below) and was available for the payment of offering costs and for working capital purposes. The Trust Account Following the closing of the Initial Public Offering on February 9, 2022 (“IPO Closing Date”), an amount of $204,020,000 ($10.10 per Unit) from the net proceeds of the sale of the Units in the Initial Public Offering and the sale of the Private Placement Warrants was placed in a trust account (the “Trust Account”). The funds in the Trust Account will be invested only in U.S. government treasury bills with a maturity of 185 days or less or in money market funds investing solely in U.S. Treasuries and meeting certain conditions under Rule 2a-7 under the Investment Company Act of 1940, as amended. The Company will not be permitted to withdraw any of the principal or interest held in the Trust Account except for the withdrawal of interest to pay taxes, if any. The funds held in the Trust Account will not otherwise be released from the trust account until the earliest of: (i) the Company’s completion of a Business Combination; (ii) the redemption of any Public Shares properly submitted in connection with a shareholder vote to amend the Company’s Amended and Restated Memorandum of Association, and (iii) the redemption of the Company’s Public Shares if the Company is unable to complete the initial Business Combination within 12 months (or up to 18 months, if applicable) from the IPO Closing Date (the “Combination Period”). Business Combination The Company’s management has broad discretion with respect to the specific application of the net proceeds from the Initial Public Offering, although substantially all of the net proceeds from the Initial Public Offering are intended to be generally applied toward consummating a Business Combination with (or acquisition of) a Target Business. As used herein, “Target Business” means one or more target businesses that together have an aggregate fair market value equal to at least 80% of the value of the assets held in the Trust Account (excluding the deferred underwriting commissions and taxes payable on the interest earned on the trust account) at the time of the signing of a definitive agreement in connection with a Business Combination. Furthermore, there is no assurance that the Company will be able to successfully effect a Business Combination. The Company will provide its 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 such Business Combination or (ii) by means of a tender offer. The public shareholders will be entitled to redeem their shares for a pro rata portion of the amount held in the Trust Account, calculated as of two business days prior to the completion of a Business Combination, including any pro rata interest earned on the funds held in the Trust Account and not previously released to the Company to pay its tax obligations. The per-share amount to be distributed to the public shareholders who redeem their shares will not be reduced by the deferred underwriting commissions the Company will pay to the underwriter in connection with the IPO (as discussed in Note 6). There will be no redemption rights upon the completion of a Business Combination with respect to the Company’s warrants. As a result, shares are recorded at their redemption amount and classified as temporary equity, in accordance with the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 480, “Distinguishing Liabilities from Equity” (“ASC 480”). The decision as to whether the Company will seek shareholder approval of a Business Combination or will allow shareholders to sell their shares in a tender offer will be made by the Company, in its sole discretion, and will be based on a variety of factors such as the timing of the transaction and whether the terms of the transaction would otherwise require the Company to seek shareholder approval unless a vote is required by law or stock exchange listing requirements. If the Company seeks shareholder approval, it will complete its Business Combination only if a majority of the Company’s ordinary shares entitled to vote thereon are voted in favor of such Business Combination. However, in no event will the Company redeem its Public Shares in an amount that would cause the Company’s net tangible assets to be less than $5,000,001 upon consummation of a Business Combination. In such case, the Company would not proceed with the redemption of its Public Shares and the related Business Combination, and instead may search for an alternate Business Combination. The Company has until of February 9, 2023, to complete its initial Business Combination; provided the Company may, by resolution of the board of directors if requested by the Sponsor, extend the period of time to consummate the initial Business Combination up to two times, each by an additional three months (for a total of up to 18 months to complete the Business Combination), subject to the Sponsor depositing additional funds into the Trust Account (each three month period individually, an “Extension Period”) pursuant to the Company’s Amended and Restated Memorandum of Association. If the Company does not complete a Business Combination by such date (or such longer period as described above), the Company shall (i) cease all operations except for the purposes of winding up; (ii) as promptly as reasonably possible but not more than 10 business days thereafter, redeem the Public Shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest (less up to $50,000 of interest to pay dissolution expenses and which interest shall be net of taxes payable), divided by the number of then issued and outstanding Public Shares, which redemption will completely extinguish public shareholders’ rights as shareholders (including the right to receive further liquidating distributions, if any); and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the Company’s remaining shareholders and its board of directors, liquidate and dissolve, subject in each case to the Company’s obligations under Cayman Islands law to provide for claims of creditors and the requirements of other applicable law. There will be no redemption rights or liquidating distributions with respect to the Company’s warrants, which will expire worthless if the Company fails to complete its initial Business Combination by February 9, 2023, or within any applicable Extension Period. The Company’s “initial shareholders” (as defined below), have entered into a letter agreement with the Company, pursuant to which the initial shareholders have waived their rights to liquidating distributions from the Trust Account with respect to their Founder Shares (as defined in Note 5) if the Company fails to complete its initial Business Combination by February 9, 2023, or within any applicable Extension Period. However, if any initial shareholders acquire Public Shares, such initial shareholders will be entitled to liquidating distributions from the Trust Account with respect to such Public Shares if the Company fails to complete its initial Business Combination by February 9, 2023, or within any applicable Extension Period. As used herein, the term “initial shareholders” refers to the holders of Founder Shares prior to the IPO. The Sponsor has agreed that it will be liable to the Company if and to the extent any claims by a third party (other than the Company’s independent auditors) 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 to below (1) $10.10 per Public Share or (2) such lesser amount per Public Share held in the Trust Account as of the date of the liquidation of the Trust Account, due to reductions in value of the trust assets, in each case net of the amount of interest which may be withdrawn to pay taxes, except as to any claims by a third party who executed a waiver of any and all rights to seek access to the Trust Account and except as to any claims under the Company’s indemnity of the underwriter of the Initial Public Offering against certain liabilities, including liabilities under the Securities Act. In the event that an executed waiver is deemed to be unenforceable against a third party, then the Sponsor will not be responsible to the extent of any liability for such third-party claims. The Company will seek to have all third parties, including, but not limited to, all vendors, service providers (other than its independent registered public accounting firm), prospective target businesses and other entities with which the Company does business execute agreements with the Company waiving any right, title, interest or claims of any kind in or to any monies held in the Trust Account. Liquidity and Going Concern As of March 31, 2022 and December 31, 2021, the Company had $593,773 and $65,373 in operating cash, respectively, and working capital of $781,436 and deficit of $292,365, respectively. The Company’s liquidity needs up to March 31, 2022 had been satisfied through a payment from the Sponsor of $25,000 for Class B ordinary shares, par value $0.0001 per share (see Note 5), and proceeds from the Initial Public Offering and the issuance of the Private Placement Warrants. Additionally, the Company drew on an unsecured promissory note to pay certain offering costs. The Company has incurred and expects to continue to incur significant costs in pursuit of its financing and acquisition plans. The Company may 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. Risks and Uncertainties Management is currently evaluating the impact of the COVID-19 pandemic and has concluded that while it is reasonably possible that the virus could have a negative effect on the Company’s financial position, results of its operations, and/or search for a target company, the specific impact is not readily determinable as of the date of these financial statements. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. The Russian invasion of Ukraine has had an immediate and material adverse effect on financial and business conditions worldwide, and particularly in Europe, in a manner that could materially and adversely affect the business and prospects of potential targets for our initial business combination. These circumstances could reduce the number of attractive targets for our initial business combination, increase the cost of our initial business combination and delay or prevent us from completing our initial business combination.

Summary of Significant Accounting Policies

3 Months Ended

Mar. 31, 2022

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and in accordance with the instructions to

Form 10-Q

and Article 8 of Regulation

S-X

of the SEC. Certain information or footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial reporting. Accordingly, they do not include all the information and footnotes necessary for a complete presentation of financial position, results of operations, or cash flows. In the opinion of management, the accompanying unaudited condensed financial statements include all adjustments, consisting of a normal recurring nature, which are necessary for a fair presentation of the financial position, operating results and cash flows for the periods presented.

The accompanying unaudited condensed financial statements should be read in conjunction with the Company’s registration statement on Form

S-1/A

(Registration

No. 333-261753)

filed with the SEC on February 2, 2022 and declared effective February 7, 2022 (the “Registration Statement”), which contains the audited financial statements and notes thereto for the year ended December 31, 2021. The financial information as of December 31, 2021 is derived from the audited financial statements presented in the Registration Statement. The interim results for the three months ended March 31, 2022 are not necessarily indicative of the results to be expected for the year ending December 31, 2022 or for any future interim periods.

Emerging Growth Company

The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the JOBS Act, and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the independent registered public accounting firm attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved.

Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to

non-emerging

growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s financial statements with another public company which is either not an emerging growth company or an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used.

Use of Estimates

The preparation of the condensed 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 and the reported amounts of revenues and expenses during the reporting period.

Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. One of the more significant accounting estimates included in these financial statements is the determination of the fair value of the warrant liabilities. Such estimates may be subject to change as more current information becomes available. Accordingly, the actual results could differ significantly from those estimates.

Cash and Cash Equivalents

The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The Company did not have any cash equivalents as of March 31, 2022 and December 31, 2021, respectively.

Marketable Securities Held in Trust Account

Following the closing of the Initial Public Offering on February 9, 2022, an amount of $204,020,000 from the net proceeds of the sale of the Units in the Initial Public Offering and the sale of the Private Placement Warrants were placed in the Trust Account and may be invested only in U.S. government securities with a maturity of 185 days or less or in money market funds meeting certain conditions under Rule

2a-7

under the Investment Company Act which invest only in direct U.S. government treasury obligations. The Trust Account is intended as a holding place for funds pending the earliest to occur of: (i) the completion of the initial Business Combination; (ii) the redemption of any public shares properly submitted in connection with a shareholder vote to amend the Company’s Amended and Restated Memorandum of Association (A) to modify the substance or timing of our obligation to provide holders of our Class A ordinary shares the right to have their shares redeemed in connection with our initial business combination or to redeem 100% of our public shares if we do not complete our initial business combination within 12 months from the closing of the IPO (unless extended) or (B) with respect to any other provision relating to the rights of holders of our Class A ordinary shares; or (iii) absent our completing an initial business combination within 12

months from the closing of our initial public offering (unless extended), our return of the funds held in the trust account to our public shareholders as part of our redemption of the Public Shares. As of March 31, 2022, substantially all of the assets held in the Trust Account were held in money market funds which invest in United States Treasury securities. All of the 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. The estimated fair values of investments held in Trust Account are determined using available market information.

Offering Costs

The Company complies with the requirements of the ASC

340-10-S99-1

and SEC Staff Accounting Bulletin (“SAB”) Topic 5A—”Expenses of Offering”. Offering costs consist principally of professional and registration fees incurred through the balance sheet date that are related to the IPO. Offering costs are charged to shareholders’ deficit or the statement of operations based on the relative value of the Public Warrants and the Private Placement Warrants to the proceeds received from the Units sold upon the completion of the IPO. Accordingly, on February 9, 2022, offering costs totaling $29,192,787 (consisting of $2,525,000 of underwriting fees, $7,070,000 of deferred

underwriting fees,

over-allotment option liability of $258,440,

$3,030,000 for issuance of representative shares, $15,596,420 fair value of rights underlying the Units,

and $712,927

of actual offering costs), with

$265,808 included in accumulated deficit as an allocation for the Public Warrants, and $10,300,559 included as a reduction to proceeds.

Class A Ordinary shares Subject to Possible Redemption

The Company accounts for its Class A ordinary shares subject to possible redemption in accordance with the guidance in Accounting Standards Codification (“ASC”) Topic 480 “Distinguishing Liabilities from Equity.” Conditionally redeemable ordinary shares (including ordinary shares that features redemption rights that is 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, 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 March 31, 2022 and December 31, 2021, Class A ordinary shares subject to possible redemption is presented at redemption value as temporary equity, outside of the shareholders’ equity 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. Such changes are reflected in additional paid-in capital, or in the absence of additional capital, in accumulated deficit.

As of March 31, 2022, the Class A ordinary shares, classified as temporary equity in the balance sheet, are reconciled in the following table:


Gross proceeds from initial public offering	$	202,000,000
Less:
Proceeds allocated to public warrants		(3,521,870	)
Offering costs allocated to Class A ordinary shares subject to possible redemptio n		(13,079,620	)
Fair value allocated to rights		(15,596,420	)
Plus:
Proceeds allocated to private warrants		4,211,323
Re-measurement of Class A ordinary shares subject to possible redemption		30,006,587

Class A ordinary shares subject to possible redemption, March 31, 2022	$	204,020,000

Income Taxes

The Company follows the asset and liability method of accounting for income taxes under ASC 740, “Income Taxes” (“ASC 740”). Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that included the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized.

ASC 740 prescribes a recognition threshold and a measurement attribute for the financial statements 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 recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. There were no unrecognized tax benefits and no amounts accrued for interest and penalties as of March 31, 2022 and December 31, 2021. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position.

The Company is considered an exempted Cayman Islands Company and is presently not subject to income taxes or income tax filing requirements in the Cayman Islands or the United States. As such, the Company’s tax provision was zero for the periods presented.

Net Income per Ordinary Share

Net income per ordinary share is computed by dividing net income by the weighted average number of ordinary shares outstanding during the period. Ordinary shares subject to possible redemption at March 31, 2022, which are not currently redeemable and are not redeemable at fair value, have been excluded from the calculation of basic net income per ordinary share since such shares, if redeemed, only participate in their pro rata share of the Trust Account earnings. The Company has not considered the effect of the warrants sold in the Initial Public Offering and the private placement to purchase an aggregate of 6,470,000 Private Placement Warrants in the calculation of diluted income per share, since the exercise of the warrants is contingent upon the occurrence of future events and the inclusion of such warrants would be anti-dilutive. As a result, diluted net income per ordinary share is the same as basic net income per ordinary share for the period presented.

The Company’s statement of operations includes a presentation of net income per ordinary share subject to possible redemption and allocates the net income into the two classes of stock in calculating net earnings per ordinary share, basic and diluted. For redeemable Class A ordinary shares, net income per ordinary share is calculated by dividing the net income by the weighted average number of Class A ordinary shares subject to possible redemption outstanding since original issuance. For

non-redeemable

Class A ordinary shares, net income per share is calculated by dividing the net income by the weighted average number of

non-redeemable

Class A ordinary shares outstanding for the period. Nonredeemable Class A ordinary shares include the representative shares issued to Maxim at the closing of the initial public offering. For

non-redeemable

Class B ordinary shares, net income per share is calculated by dividing the net income by the weighted average number of

non-redeemable

Class B ordinary shares outstanding for the period. Nonredeemable Class B ordinary shares include the founder shares as these shares do not have any redemption features and do not participate in the income earned on the Trust Account. As of March 31, 2022, the Company did not have any dilutive securities or other contracts that could, potentially, be exercised or converted into ordinary shares and then share in the earnings of the Company. As a result, diluted net income per ordinary share is the same as basic net income per ordinary share for the periods presented.

The following table reflects the calculation of basic and diluted net income per ordinary share (in dollars, except per share amounts):


	Three Months Ended March 31, 2022
Class A ordinary shares subject to possible redemption
Numerator: Income attributable to Class A ordinary shares subject to possible redemption
Net income	$	2,130,009

Net income attributable to Class A ordinary shares subject to possible redemption	$	2,130,009

Denominator: Weighted average Class A ordinary shares subject to possible redemption
Basic and diluted weighted average shares outstanding, Class A ordinary shares subject to possible redemption		11,446,667

Basic and diluted net income per share, Class A ordinary shares subject to possible redemption	$	0.19
Non-Redeemable ordinary shares
Numerator: Net income
Net income	$	967,628
Net income attributable to non-redeemable Class A and Class B ordinary shares	$	967,628

Denominator: Weighted average non-redeemable ordinary shares
Basic and diluted weighted average shares outstanding, non-redeemable ordinary shares		5,200,033

Basic and diluted net income per share, non-redeemable ordinary shares	$	0.19

Related Parties

Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operational decisions. Companies are also considered to be related if they are subject to common control or common significant influence.

Concentration of Credit Risk

Financial instruments that potentially subject the Company to concentrations of credit risk consist of a cash account in a financial institution, which, at times, may exceed the Federal Depository Insurance Coverage of $250,000. The Company has not experienced losses on this account and management believes the Company is not exposed to significant risks on such account.

Fair Value of Financial Instruments

The fair value of the Company’s assets and liabilities, which qualify as financial instruments under ASC 820, “Fair Value Measurement” (“ASC 820”), approximates the carrying amounts represented in the accompanying condensed balance sheets, primarily due to their short-term nature.

Fair Value Measurements

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. 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.

Warranty Liability

The Company accounted for the 26,670,000 warrants issued in connection with the Initial Public Offering and the Private Placement Warrants (collectively, the “Warrants”) as either equity-classified or liability-classified instruments based on an assessment of the Warrant’s specific terms and applicable authoritative guidance in ASC 480 and ASC 815, “Derivatives and Hedging” (“ASC 815”). The assessment considers whether the warrants are freestanding financial instruments pursuant to ASC 480, meet the definition of a liability pursuant to ASC 480, and whether the warrants meet all of the requirements for equity classification under ASC 815, including whether the warrants are indexed to the company’s own ordinary shares, 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 warrants are outstanding.

Such guidance provides that because the warrants do not meet the criteria for equity treatment thereunder, each warrant must be recorded as a liability. The accounting treatment of derivative financial instruments requires that the Company record a derivative liability upon the closing of the Initial Public Offering. Accordingly, the Company will classify each warrant as a liability at its fair value and the warrants will be allocated a portion of the proceeds from the issuance of the Units equal to its fair value. This liability is subject to

re-measurement

at each balance sheet date. With each such

re-measurement,

the warrant liability will be adjusted to fair value, with the change in fair value recognized in the Company’s statement of operations. The Company will reassess the classification at each balance sheet date. If the classification changes as a result of events during the period, the warrants will be reclassified as of the date of the event that causes the reclassification.

Recent Accounting Standards

In August 2020, the FASB issued 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” (“ASU 2020-06”), which simplifies accounting for convertible instruments by removing major separation models required under current GAAP. ASU 2020-06 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. ASU 2020-06 is effective for smaller reporting companies for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. The Company is currently assessing the impact, if any, that ASU 2020-06 would have on its financial position, results of operations or cash flows.

Management does not believe that any recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on the Company’s condensed financial statements.

Initial Public Offering	3 Months Ended
Initial Public Offering	Mar. 31, 2022
Equity [Abstract]
Initial Public Offering	NOTE 3. INITIAL PUBLIC OFFERING On February 9, 2022, pursuant to the Initial Public Offering, the Company sold 20,200,000 Units, which includes the partial exercise by the underwriter of its over-allotment option in the amount of 200,000 Units, at a price of $10.00 per Unit. Each Unit consists of one Class A ordinary share, one redeemable warrant (each whole warrant, a “Public Warrant”), and one right to receive one-tenth of one Class A ordinary share upon the consummation of the Company’s initial Business Combination. Each two Public Warrants entitle the holder to purchase one Class A ordinary share at an exercise price of $11.50 per share, subject to adjustment (see Note 8). An aggregate of $10.10 per Unit sold in the IPO was held in the Trust Account and invested in U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act, with a maturity of 185 days or less or in any open-ended investment company that holds itself out as a money market fund meeting the conditions of Rule 2a-7 of the Investment Company Act, as determined by the Company.

Private Placement	3 Months Ended
Private Placement	Mar. 31, 2022
Equity [Abstract]
Private Placement	NOTE 4. PRIVATE PLACEMENT Simultaneously with the closing of the Initial Public Offering, the Sponsor purchased an aggregate of 6,470,000 Private Placement Warrants at a price of $1.00 per warrant ($6,470,000 in the aggregate) in a private placement. Each two private placement warrant s (the “Private Placement Warrants”) are exercisable for one whole Class A ordinary share at a price of $11.50 per share. A portion of the proceeds from the Private Placement Warrants were added to the proceeds from the Initial Public Offering 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 held in the Trust Account will be used to fund the redemption of the Public Shares (subject to the requirements of applicable law), and the Private Placement Warrants will expire worthless.

Related Party Transactions	3 Months Ended
Related Party Transactions	Mar. 31, 2022
Related Party Transactions [Abstract]
Related Party Transactions	NOTE 5. RELATED PARTY TRANSACTIONS Founder shares On August 7, 2021, the Sponsor was issued 5,750,000 of the Company’s Class B ordinary shares (the “Founder Shares”) for an aggregate purchase price of $25,000. Due to the underwriters partial exercise of the over-allotment option, the Sponsor forfeited 700,000 Founder Shares back to the Company. As a result, the Sponsor currently has 5,050,000 Founder Shares. The Sponsor has agreed, subject to certain limited exceptions, not to transfer, assign or sell any of the Founder Shares until the earlier of (A) one year after the completion of a Business Combination or (B) subsequent to a Business Combination, (x) if the last reported sale price of the Class A ordinary shares equals or exceeds $12.00 per share (as adjusted for share sub-divisions, share reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after a Business Combination, or (y) the date on which the Company completes a liquidation, merger, stock exchange, reorganization or other similar transaction that results in all of the Company’s shareholders having the right to exchange their Class A ordinary shares for cash, securities or other property. Promissory note-related party On August 7, 2021, the Company issued an unsecured promissory note to the Sponsor (the “Promissory Note”), pursuant to which the Company may borrow up to an aggregate principal amount of $300,000. The Promissory Note was non-interest bearing and payable on the earlier of March 31, 2022, or the completion of the IPO. At the time of repayment, there was $242,801 outstanding under the Promissory Note. On February 9, 2022, the Company repaid the Sponsor for amounts outstanding under the Promissory Note. As of March 31, 2022, there were no amounts outstanding under the Promissory Note. Working Capital Loans In order to finance transaction costs in connection with a Business Combination, the Sponsor, certain of the Company’s officers, directors or any of their affiliates 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. The Working Capital Loans would either be repaid upon completion 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 March 31, 2022 and December 31, 2021, no Working Capital Loans were outstanding. Administrative support agreement Commencing on February 9, 2022, the Company agreed to pay the Sponsor a total of $10,000 per month for office space, secretarial and administrative services provided to the Company. Upon completion of the initial Business Combination or the Company’s liquidation, the Company will cease paying these monthly fees.

Shareholders' Equity	3 Months Ended
Shareholders' Equity	Mar. 31, 2022
Stockholders' Equity Note [Abstract]
Shareholders' Equity	NOTE 6. SHAREHOLDERS’ EQUITY Preference shares -The Company is authorized to issue up to 5,000,000 preference shares with a par value of $0.0001 per share with such designation, rights and preferences as may be determined from time to time by the Company’s board of directors. At March 31, 2022 and December 31, 2021, there were no preferred shares issued or outstanding. Class A ordinary shares - The Company is authorized to issue up to 500,000,000 Class A ordinary shares with a par value of $0.0001 per share. Holders of the Company’s Class A ordinary shares are entitled to one vote for each share. At March 31, 2022 and December 31, 2021, there were 303,000 and 0 Class A Ordinary Shares issued or outstanding, respectively, excluding 20,200,000 shares subject to possible redemption as presented in temporary equity. Class B ordinary shares - The Company is authorized to issue up to 50,000,000 Class B ordinary shares with a par value of $0.0001 per share. At March 31, 2022 and December 31, 2021, there were 5,050,000 and 5,750,000 Class B ordinary shares issued and outstanding, respectively. Ordinary shareholders of record are entitled to one vote for each share held on all matters to be voted on by shareholders and holders of Class A ordinary shares and holders of Class B ordinary shares will vote together as a single class on all matters submitted to a vote of the shareholders except as required by law. For so long as any Class B ordinary shares remain outstanding, we may not, without the prior vote or written consent of the holders of a majority of the Class B ordinary shares then outstanding, voting separately as a single class, amend, alter or repeal any provision of our memorandum and articles of association, whether by merger, consolidation or otherwise, if such amendment, alteration or repeal would alter or change the powers, preferences or relative, participating, optional or other or special rights of the Class B ordinary shares. Any action required or permitted to be taken at any meeting of the holders of Class B ordinary shares may be taken without a general meeting, without prior notice and without a vote, if a consent or consents in writing, setting forth the action so taken, shall be signed by the holders of the outstanding Class B ordinary shares having not less than the minimum number of votes that would be necessary to authorize or take such action at a general meeting at which all Class B ordinary shares were present and voted. The Class B ordinary shares will automatically convert into Class A ordinary shares at the time of a Business Combination on a one-for-one basis, subject to adjustment. In the case that additional 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 a Business Combination, the ratio at which Class B ordinary shares shall convert into Class A ordinary shares will be adjusted (unless the holders of a majority of the outstanding Class B ordinary shares to waive such adjustment with respect to any such issuance or deemed issuance) so that the number of Class A ordinary shares issuable upon conversion of all Class B ordinary shares will equal, in the aggregate, on an as-converted basis, 20% of the sum of the total number of all ordinary shares outstanding upon the completion of the IPO plus all Class A ordinary shares and equity-linked securities issued or deemed issued by the Company in connection with or in relation to the completion of the initial Business Combination, any Class A ordinary shares or equity-linked securities exercisable for or convertible into Class A ordinary shares issued, or to be issued, to any seller in the initial Business Combination and any private placement warrants issued to the Sponsor upon conversion of Working Capital Loans. In no event will the Class B ordinary shares convert into Class A ordinary shares at a rate of less than one to one. Rights- Except in cases where the Company is not the surviving company in a Business Combination, each holder of a right will automatically receive one-tenth (1/10) of one Class A ordinary share upon consummation of a Business Combination, even if the holder of a right redeemed all shares held by him, her or it in connection with a Business Combination or an amendment to the Company’s Amended and Restated Memorandum of Association with respect to its pre-business combination activities. In the event that the Company will not be the surviving company upon completion of a Business Combination, each holder of a right will be required to affirmatively exchange his, her or its rights in order to receive the one-tenth (1/10) of a share underlying each right upon consummation of the Business Combination. The Company will not issue fractional shares in connection with an exchange of rights. Fractional shares will either be rounded down to the nearest whole share or otherwise addressed in accordance with the applicable provisions of the Cayman Islands law. As a result, the holders of the rights must hold rights in multiples of 10 in order to receive shares for all of the holders’ rights upon closing of a Business Combination. If the Company is unable to complete an initial Business Combination within the Combination Period and the Company redeems the Public Shares for the funds held in the Trust Account, holders of rights will not receive any of such funds for their rights and the rights will expire worthless.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 18
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
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-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
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-URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496180-112644

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
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Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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+ Details

Warrants

3 Months Ended

Mar. 31, 2022

Warrants and Rights Note Disclosure [Abstract]

Warrants

NOTE 7. WARRANTS

The Company accounts for the 26,670,000 warrants that were issued in the IPO (representing 20,200,000 Public Warrants and 6,470,000 Private Placement Warrants) in accordance with the guidance contained in ASC

815-40.

Such guidance provides that because the warrants do not meet the criteria for equity treatment thereunder, each warrant must be recorded as a liability. Accordingly, the Company will classify each warrant as a liability at its fair value. This liability is subject to

re-measurement

at each balance sheet date. With each such

re-measurement,

the warrant liability will be adjusted to fair value, with the change in fair value recognized in the Company’s statement of operations.

Warrants

— Public Warrants may only be exercised for a whole number of Class A ordinary shares. No fractional warrants have been or will be issued upon separation of the Units and only whole warrants will trade. Accordingly, unless holders purchase at least two Units, they will not be able to receive or trade a whole warrant. The Public Warrants will become exercisable 30 days after the completion of a Business Combination.

The Company will not be obligated to deliver any Class A Ordinary Shares pursuant to the exercise of a Public Warrant and will have no obligation to settle such Public Warrant exercise unless a registration statement under the Securities Act with respect to the Class A Ordinary Shares issuable upon exercise of the Public Warrants is then effective and a prospectus relating thereto is current, subject to the Company satisfying its obligations with respect to registration, or a valid exemption from registration is available. No Public Warrant will be exercisable, and the Company will not be obligated to issue any Class A Ordinary Shares upon exercise of a Public Warrant unless the Class A Ordinary Share issuable upon such Public Warrant exercise has been registered, qualified or deemed to be exempt under the securities laws of the state of residence of the registered holder of the Public Warrants.

The Company has agreed that as soon as practicable, but in no event later than 20 business days after the closing of a Business Combination, it will use its commercially reasonable efforts to file with the SEC a post-effective amendment to the registration statement of which this prospectus forms a part or a new registration statement covering the registration under the Securities Act of the Class A Ordinary Shares issuable upon exercise of the Public Warrants, and the Company will use its commercially reasonable efforts to cause the same to become effective within 60 business days after the closing of a Business Combination, and to maintain the effectiveness of such registration statement and a current prospectus relating to those Class A Ordinary Shares until the Public Warrants expire or are redeemed, as specified in the warrant agreement; provided that if the Class A Ordinary Shares is at the time of any exercise of a Public Warrant not listed on a national securities exchange such that they satisfy the definition of a “covered security” under Section 18(b)(1) of the Securities Act, the Company may, at its option, require holders of Public Warrants who exercise their warrants to do so on a “cashless basis” in accordance with Section 3(a)(9) of the Securities Act and, in the event the Company so elects, the Company will not be required to file or maintain in effect a registration statement, but it will use its commercially reasonably efforts to register or qualify the shares under applicable blue sky laws to the extent an exemption is not available. If a registration statement covering the Class A Ordinary Shares issuable upon exercise of the Public Warrants is not effective by the 60th day after the closing of a Business Combination, Public Warrant holders may, until such time as there is an effective registration statement and during any period when the Company will have failed to maintain an effective registration statement, exercise Public Warrants on a “cashless basis” in accordance with Section 3(a)(9) of the Securities Act or another exemption, but the Company will use its commercially reasonably efforts to register or qualify the shares under applicable blue sky laws to the extent an exemption is not available.

Redemption of warrants:

Once the warrant become exercisable, the Company may redeem the outstanding warrants:

•

in whole and not in part;

•

at a price of $0.01 per warrant;

•

upon not less than 30 days’ prior written notice of redemption to each warrant holder; and

•

if, and only if, the last sale price of our ordinary shares equals or exceeds $18.00 per share (as adjusted for share

sub-divisions,

share dividends, reorganizations, recapitalizations and the like) 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 holder.

In addition, if (x) the Company issues additional Class A 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 Class A Ordinary Share (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 Sponsor or its affiliates, without taking into account any Founder Shares held by the Sponsor or such affiliates, as applicable, 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 Class A ordinary shares during the 20 trading day period starting on the trading day prior to the day on which the Company consummates a Business Combination (such price, the “Market Value”) is below $9.20 per share, then the exercise price of the warrants will be adjusted (to the nearest cent) to be equal to 115% of the higher of the Market Value and the Newly Issued Price, the $18.00 per share redemption trigger price described above (to the nearest cent) to be equal to 180% of the higher of the Market Value and the Newly Issued Price.

The Private Placement Warrants will be identical to the Public Warrants underlying the Units being sold in the IPO, except that the Private Placement Warrants and the Class A Ordinary Shares issuable upon the exercise of the Private Placement Warrants will not be transferable, assignable or saleable until 30 days 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 (except for a number of Class A Ordinary Shares as described above under Redemption of warrants for Class A Ordinary Shares). If the Private Placement Warrants are held by someone other than the initial purchasers or their permitted transferees, the Private Placement Warrants will be redeemable by the Company in all redemption scenarios and exercisable by such holders on the same basis as the Public Warrants.

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 8. COMMITMENTS AND CONTINGENCIES Registration right and Shareholder Rights The holders of the Founder Shares, Private Placement Warrants, warrants that may be issued upon conversion of Working Capital Loans (and any Class A ordinary shares issuable upon the exercise of the Private Placement Warrants and warrants that may be issued upon conversion of the Working Capital Loans and upon conversion of the Founder Shares) are entitled to registration rights pursuant to a registration rights agreement that was signed on the effective date of the IPO, requiring the Company to register such securities for resale. The holders of these securities are entitled to make up to three demands, excluding short form demands, that the Company register such securities. In addition, the holders have certain “piggy-back” registration rights with respect to registration statements filed subsequent to the completion of a Business Combination and rights to require the Company to register for resale such securities pursuant to Rule 415 under the Securities Act. 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 option from the date of the IPO to purchase up to 3,000,000 additional Units to cover over-allotments at the IPO price less the underwriting discount. The underwriters partially exercised the over-allotment option, generating an additional $2,000,000 in gross proceeds. As a result of the over-allotment being exercised in part, the Sponsor forfeited 700,000 Founder Shares back to the Company. The underwriters were paid a cash underwriting discount of $2,525,000 in the aggregate at the closing of the IPO. In addition, $0.35 per Unit, or $7,070,000 in the aggregate is payable to the underwriters for deferred underwriting commissions. The deferred fee is payable to the underwriters from the amounts held in the Trust Account solely in the event that the Company completes a Business Combination, subject to the terms of the underwriting agreement. Legal Agreement The Company has a contingent fee arrangement with their legal counsel, in which the deferred fee is payable to the Company’s legal counsel solely in the event that the Company completes a Business Combination. Right of First Refusal Subject to certain conditions, the Company granted Maxim, for a period beginning on the closing of the IPO, and ending on the earlier of 18 months after the date of the consummation of the Business Combination and February 7, 2025, the three year anniversary of the effective date of the registration statement filed in connection with the IPO (the “S-1 Effective Date”), a right of first refusal to act as book-running managing underwriter or placement agent for any and all future public and private equity, convertible and debt offerings for us or any of our successors or subsidiaries. In accordance with FINRA Rule 5110(g)(6), such right of first refusal shall not have a duration of more than three years from the commencement of sales of securities in the IPO. Representative’s Ordinary Shares The Company issued to Maxim and/or its designees, 303,000 Class A ordinary shares upon the consummation of the IPO. Maxim has agreed not to transfer, assign or sell any such shares until the completion of the Company’s initial Business Combination. In addition, Maxim has agreed (i) to waive its redemption rights with respect to such shares in connection with the completion of the Company’s initial business combination and (ii) to waive its rights to liquidating distributions from the trust account with respect to such shares if the Company fails to complete its initial business combination within 12 months (or up to 18 months if we extend the period of time to consummate a business combination by the full amount of time) from the closing of the IPO. The shares have been deemed compensation by FINRA and are therefore subject to a lock-up for a period of 180 days immediately following the S-1 Effective Date. Pursuant to FINRA Rule 5110(e)(1), these securities will not be the subject of any hedging, short sale, derivative, put or call transaction nor may they be sold, transferred, assigned, pledged or hypothecated for a period of 180 days immediately following the commencement of sales of securities in the IPO, except to any underwriter and selected dealer participating in the offering and their officers or partners, associated persons or affiliates.

Fair Value Measurements

3 Months Ended

Mar. 31, 2022

Fair Value Disclosures [Abstract]

Fair Value Measurements

NOTE 9. FAIR VALUE MEASUREMENTS

At March 31, 2022 and December 31, 2021, the Company’s warrant liability was valued at $2,143,952 and $0, respectively. Under the guidance in ASC

815-40,

the Public Warrants and the Private Placement Warrants do not meet the criteria for equity treatment. As such, the Public Warrants and the Private Placement Warrants must be recorded on the balance sheet at fair value. This valuation is subject to

re-measurement

at each balance sheet date. With each

re-measurement,

the valuations will be adjusted to fair value, with the change in fair value recognized in the Company’s statement of operations.

The following table presents fair value information as of March 31, 2022 and December 31, 2021, of the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis and indicates the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value. The Company’s warrant liability is based on a valuation model utilizing management judgment and pricing inputs from observable and unobservable markets with less volume and transaction frequency than active markets. Significant deviations from these estimates and inputs could result in a material change in fair value The fair value of the private warrant liability is classified within Level 3 of the fair value hierarchy. The Company transferred the fair value of Public Warrants from a Level 3 measurement to a Level 1 measurement during the three months ended March 31, 2022. The measurement of the Public Warrants as of March 31, 2022 is classified as Level 1 due to the use of an observable market quote in an active market under the ticker ATAKW.


	Public Warrants			Private Placement Warrants			Warrant Liability
Derivative warrant liabilities at December 31, 2021	$	—		$	—		$	—

Initial fair value at issuance of public and private placement warrants		3,521,870			2,258,677			5,780,547

Change in fair value		(1,905,870	)		(1,730,725	)		(3,636,595	)
Transfer of public warrants to Level 1 measurement		(1,616,000	)		—			(1,616,000	)
Level 3 derivative warrant liabilities as of March 31, 2022	$	—		$	527,952		$	527,952

The following tables set forth by level within the fair value hierarchy the Company’s assets and liabilities that were accounted for at fair value on a recurring basis at March 31, 2022:

March 31, 2022


	(Level 1)		(Level 2)		(Level 3)
Assets
Cash and marketable securities held in trust account	$	204,020,000	$	—	$	—
Liabilities
Public Warrants	$	1,616,000	$	—	$	—
Private Placement Warrants	$	—	$	—	$	527,952

The following table presents the changes in the fair value of derivative warrant liabilities as of March 31, 2022 and December 31, 2021:


	Public Warrants			Private Placement Warrants			Total Derivative Warrant Liability
Fair value at August 6, 2021 (inception)		—			—			—

Derivative warrant liabilities as of December 31, 2021	$	—		$	—		$	—
Initial fair value at issuance		3,521,870			2,258,677			5,780,547
Change in fair value		(1,905,870	)		(1,730,725	)		(3,636,595	)

Derivative warrant liabilities as of March 31, 2022	$	1,616,000		$	527,952		$	2,143,952

Measurement

The Company established the initial fair value for the warrants on February 9, 2022, the date of the completion of the Company’s IPO. The Company used a Black Scholes Merton model to value the warrants. The Company allocated the proceeds received from (i) the sale of Units (which is inclusive of one Class A Ordinary Share, one Public Warrant and one right to receive

one-tenth

of a Class A ordinary share upon consummation of an initial business combination), (ii) the sale of Private Placement Warrants, and (iii) the issuance of Class B Ordinary Shares, first to the warrants based on their fair values as determined at initial measurement, with the remaining proceeds allocated to Class A Ordinary Shares subject to possible redemption (temporary equity), Class A Ordinary Shares (permanent equity) and Class B Ordinary Shares (permanent equity) based on their relative fair values at the initial measurement date.

As of March 31, 2022, the measurement of the Public Warrants were valued using an observable market quote in an active market.

The key inputs into the Black Scholes Merton model formula were as follows at March 31, 2022:


	Private Placement Warrants
	March 31,
Input	2022
Ordinary share price	$	9.86
Exercise price	$	11.50
Risk-free rate of interest		2.40	%
Volatility		1.92	%
Term		5.84
Warrant to buy one share (unadjusted for the probability of dissolution)	$	0.08
Dividend yield		0.00	%

The risk-free interest rate assumption was based on the linearly interpolated Treasury Constant Maturity Rate Curve between five and seven year rates, which was commensurate with the contractual term of the Warrants, which expire on the earlier of (i) six years after the completion of the initial business combination and (ii) upon redemption or liquidation. An increase in the risk-free interest rate, in isolation, would result in an increase in the fair value measurement of the warrant liabilities and vice versa.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Subsequent Events	3 Months Ended
Subsequent Events	Mar. 31, 2022
Subsequent Events [Abstract]
Subsequent Events	NOTE 10. SUBSEQUENT EVENTS The Company evaluated subsequent events and transactions that occurred after the balance sheet date up to the date that the financial statements were issued. Based upon this review, the Company did not identify any subsequent events that would have required adjustment or disclosure in the condensed financial statements.

Summary of Significant Accounting Policies (Policies)

3 Months Ended

Mar. 31, 2022

Accounting Policies [Abstract]

Basis of Presentation

Form 10-Q

and Article 8 of Regulation

S-X

The accompanying unaudited condensed financial statements should be read in conjunction with the Company’s registration statement on Form

S-1/A

(Registration

No. 333-261753)

Emerging Growth Company

non-emerging

Use of Estimates

Cash and Cash Equivalents

Marketable Securities Held in Trust Account

2a-7

Offering Costs

The Company complies with the requirements of the ASC

340-10-S99-1

underwriting fees,

over-allotment option liability of $258,440,

$3,030,000 for issuance of representative shares, $15,596,420 fair value of rights underlying the Units,

and $712,927

of actual offering costs), with

$265,808 included in accumulated deficit as an allocation for the Public Warrants, and $10,300,559 included as a reduction to proceeds.

Class A Ordinary shares Subject to Possible Redemption

As of March 31, 2022, the Class A ordinary shares, classified as temporary equity in the balance sheet, are reconciled in the following table:


Gross proceeds from initial public offering	$	202,000,000
Less:
Proceeds allocated to public warrants		(3,521,870	)
Offering costs allocated to Class A ordinary shares subject to possible redemptio n		(13,079,620	)
Fair value allocated to rights		(15,596,420	)
Plus:
Proceeds allocated to private warrants		4,211,323
Re-measurement of Class A ordinary shares subject to possible redemption		30,006,587

Class A ordinary shares subject to possible redemption, March 31, 2022	$	204,020,000

Income Taxes

Net Income per Ordinary Share

non-redeemable

Class A ordinary shares, net income per share is calculated by dividing the net income by the weighted average number of

non-redeemable

Class A ordinary shares outstanding for the period. Nonredeemable Class A ordinary shares include the representative shares issued to Maxim at the closing of the initial public offering. For

non-redeemable

Class B ordinary shares, net income per share is calculated by dividing the net income by the weighted average number of

non-redeemable

The following table reflects the calculation of basic and diluted net income per ordinary share (in dollars, except per share amounts):


	Three Months Ended March 31, 2022
Class A ordinary shares subject to possible redemption
Numerator: Income attributable to Class A ordinary shares subject to possible redemption
Net income	$	2,130,009

Net income attributable to Class A ordinary shares subject to possible redemption	$	2,130,009

Denominator: Weighted average Class A ordinary shares subject to possible redemption
Basic and diluted weighted average shares outstanding, Class A ordinary shares subject to possible redemption		11,446,667

Basic and diluted net income per share, Class A ordinary shares subject to possible redemption	$	0.19
Non-Redeemable ordinary shares
Numerator: Net income
Net income	$	967,628
Net income attributable to non-redeemable Class A and Class B ordinary shares	$	967,628

Denominator: Weighted average non-redeemable ordinary shares
Basic and diluted weighted average shares outstanding, non-redeemable ordinary shares		5,200,033

Basic and diluted net income per share, non-redeemable ordinary shares	$	0.19

Related Parties

Concentration of Credit Risk

Fair Value of Financial Instruments

Fair Value Measurements

• Level 1, defined as observable inputs such as quoted prices (unadjusted) for identical instruments in active markets;

Warranty Liability

re-measurement

at each balance sheet date. With each such

re-measurement,

Recent Accounting Standards

Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2022

Accounting Policies [Abstract]

Summary of Basic and Diluted Net Income Per Ordinary Share

The following table reflects the calculation of basic and diluted net income per ordinary share (in dollars, except per share amounts):


	Three Months Ended March 31, 2022
Class A ordinary shares subject to possible redemption
Numerator: Income attributable to Class A ordinary shares subject to possible redemption
Net income	$	2,130,009

Net income attributable to Class A ordinary shares subject to possible redemption	$	2,130,009

Denominator: Weighted average Class A ordinary shares subject to possible redemption
Basic and diluted weighted average shares outstanding, Class A ordinary shares subject to possible redemption		11,446,667

Basic and diluted net income per share, Class A ordinary shares subject to possible redemption	$	0.19
Non-Redeemable ordinary shares
Numerator: Net income
Net income	$	967,628
Net income attributable to non-redeemable Class A and Class B ordinary shares	$	967,628

Denominator: Weighted average non-redeemable ordinary shares
Basic and diluted weighted average shares outstanding, non-redeemable ordinary shares		5,200,033

Basic and diluted net income per share, non-redeemable ordinary shares	$	0.19

Summary of Temporary Equity

As of March 31, 2022, the Class A ordinary shares, classified as temporary equity in the balance sheet, are reconciled in the following table:


Gross proceeds from initial public offering	$	202,000,000
Less:
Proceeds allocated to public warrants		(3,521,870	)
Offering costs allocated to Class A ordinary shares subject to possible redemptio n		(13,079,620	)
Fair value allocated to rights		(15,596,420	)
Plus:
Proceeds allocated to private warrants		4,211,323
Re-measurement of Class A ordinary shares subject to possible redemption		30,006,587

Class A ordinary shares subject to possible redemption, March 31, 2022	$	204,020,000

Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2022

Fair Value Disclosures [Abstract]

Summary of Change In Fair Value of Derivative Warrant Liabilities

The Company transferred the fair value of Public Warrants from a Level 3 measurement to a Level 1 measurement during the three months ended March 31, 2022


	Public Warrants			Private Placement Warrants			Warrant Liability
Derivative warrant liabilities at December 31, 2021	$	—		$	—		$	—

Initial fair value at issuance of public and private placement warrants		3,521,870			2,258,677			5,780,547

Change in fair value		(1,905,870	)		(1,730,725	)		(3,636,595	)
Transfer of public warrants to Level 1 measurement		(1,616,000	)		—			(1,616,000	)
Level 3 derivative warrant liabilities as of March 31, 2022	$	—		$	527,952		$	527,952

The following table presents the changes in the fair value of derivative warrant liabilities as of March 31, 2022 and December 31, 2021:


	Public Warrants			Private Placement Warrants			Total Derivative Warrant Liability
Fair value at August 6, 2021 (inception)		—			—			—

Derivative warrant liabilities as of December 31, 2021	$	—		$	—		$	—
Initial fair value at issuance		3,521,870			2,258,677			5,780,547
Change in fair value		(1,905,870	)		(1,730,725	)		(3,636,595	)

Derivative warrant liabilities as of March 31, 2022	$	1,616,000		$	527,952		$	2,143,952

Summary of Fair Value Hierarchy The Company's Assets and Liabilities That Were Accounted For At Fair Value On Recurring Basis

The following tables set forth by level within the fair value hierarchy the Company’s assets and liabilities that were accounted for at fair value on a recurring basis at March 31, 2022:

March 31, 2022


	(Level 1)		(Level 2)		(Level 3)
Assets
Cash and marketable securities held in trust account	$	204,020,000	$	—	$	—
Liabilities
Public Warrants	$	1,616,000	$	—	$	—
Private Placement Warrants	$	—	$	—	$	527,952

Summary of Fair Value Measurements Inputs

The key inputs into the Black Scholes Merton model formula were as follows at March 31, 2022:


	Private Placement Warrants
	March 31,
Input	2022
Ordinary share price	$	9.86
Exercise price	$	11.50
Risk-free rate of interest		2.40	%
Volatility		1.92	%
Term		5.84
Warrant to buy one share (unadjusted for the probability of dissolution)	$	0.08
Dividend yield		0.00	%

Organization and Plans of Business Operations - Additional Information (Detail) - USD ($)		3 Months Ended
	Feb. 09, 2022	Mar. 31, 2022	Dec. 31, 2021
Organization Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Cash		$ 593,773	$ 65,373
Net proceeds amount		$ 204,020,000
Percentage Of Fair Market Value Of Target Business To Asset Held In Trust Account		$ 80
Banking Regulation, Mortgage Banking, Net Worth, Minimum		$ 5,000,001
Number of days within which public shares shall be redeemed		10 days
Expenses payable on dissolution		$ 50,000
Operating cash		593,773	65,373
Working capital surplus deficit		781,436	$ (292,365)
Over-allotment option liability	$ 258,440
Issuance of Representative Shares	3,030,000	3,030,000
Rights underlying the Units	$ 15,596,420	$ 15,596,420
Sponsor [Member]
Organization Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Minimum Public Share price due to reductions in the value of the trust assets less taxes payable		$ 10.1
Private Placement Warrant [Member] \| Sponsor [Member]
Organization Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Class of warrants or rights warrants issued during the period units	6,470,000
Class of warrants or rights warrants issued issue price per warrant	$ 1
Proceeds from issuance of warrants	$ 6,470,000
IPO [Member]
Organization Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Transaction costs	29,192,787
Underwriting fees	2,525,000
Deferred underwriting fees	7,070,000
Actual offering costs	712,927
Cash	1,468,333
Net proceeds amount	$ 204,020,000
Share price	$ 10.1
Term of restricted investments	185 days
Over-allotment option liability	$ 258,440
IPO [Member] \| Minimum [Member]
Organization Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Period Within Which Business Combination Shall Be Consummated From The Consummation Of Initial Public Offer	12 months
IPO [Member] \| Maximum [Member]
Organization Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Period Within Which Business Combination Shall Be Consummated From The Consummation Of Initial Public Offer	18 months
IPO [Member] \| Private Placement Warrant [Member]
Organization Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Class of warrants or rights warrants issued during the period units		6,470,000
Common Class A [Member]
Organization Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Sale of stock, price per share	$ 10
Proceeds from Issuance Initial Public Offering	$ 202,000,000
Common Stock, Par or Stated Value Per Share		$ 0.0001	$ 0.0001
Issuance of Representative Shares		$ 30
Common Class A [Member] \| IPO [Member]
Organization Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Stock issued during period, shares, new issues	20,200,000
Sale of stock, price per share	$ 10
Common Class A [Member] \| Over-Allotment Option [Member]
Organization Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Stock issued during period, shares, new issues	200,000
Common Class B [Member]
Organization Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Common Stock, Par or Stated Value Per Share		$ 0.0001	$ 0.0001
Common Class B [Member] \| Sponsor [Member]
Organization Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Stock shares issued during the period for services shares		$ 25,000
Common Stock, Par or Stated Value Per Share		$ 0.0001

Summary of Significant Accounting Policies - Summary of Temporary Equity (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Temporary Equity [Line Items]
Class A ordinary shares subject to possible redemption, March 31, 2022	$ 204,020,000	$ 0
Common Class a Subject To Redemption [Member]
Temporary Equity [Line Items]
Gross proceeds from initial public offering	202,000,000
Offering costs allocated to Class A ordinary shares subject to possible redemption	(13,079,620)
Fair value allocated to rights	(15,596,420)
Re-measurement of Class A ordinary shares subject to possible redemption	30,006,587
Class A ordinary shares subject to possible redemption, March 31, 2022	204,020,000
Public Warrants [Member] \| Common Class a Subject To Redemption [Member]
Temporary Equity [Line Items]
Proceeds allocated to public warrants	(3,521,870)
Proceeds allocated to private warrants	3,521,870
Private Placement Warrants [Member] \| Common Class a Subject To Redemption [Member]
Temporary Equity [Line Items]
Proceeds allocated to public warrants	(4,211,323)
Proceeds allocated to private warrants	$ 4,211,323

Summary of Significant Accounting Policies - Summary of Basic and Diluted Net Income Per Ordinary Share (Detail)	3 Months Ended
	Mar. 31, 2022 USD ($) $ / shares shares
Numerator:
Net income attributable to	$ 3,097,637
Class A ordinary shares subject to possible redemption [Member]
Numerator:
Net income	2,130,009
Net income attributable to	$ 2,130,009
Denominator:
Basic and diluted weighted average shares outstanding \| shares	11,446,667
Basic and diluted net income per share \| $ / shares	$ 0.19
Nonredeemable Common Stock [Member]
Numerator:
Net income	$ 967,628
Net income attributable to	$ 967,628
Denominator:
Basic and diluted weighted average shares outstanding \| shares	5,200,033
Basic and diluted net income per share \| $ / shares	$ 0.19

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22595-107794

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(18))
-URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 40
-Section 65
-Paragraph 1
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=123482062&loc=SL123482106-238011

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=124431353&loc=SL124452729-227067

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442552-122756

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=123570139&loc=d3e3602-108585

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22499-107794

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-URI http://asc.fasb.org/extlink&oid=124359900&loc=SL124442526-122756

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
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+ Details

- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

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+ Details

Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($)		3 Months Ended
	Feb. 09, 2022	Mar. 31, 2022	Dec. 31, 2021
Class of Stock [Line Items]
Cash		$ 0	$ 0
Net proceeds amount		$ 204,020,000
Percentage of public shares to be redeemed in case business combination is not consummated		100.00%
Accumulated deficit		$ (8,268,028)	(9,963)
Unrecognized tax benefits		0	0
Accrued for interest and penalties		0	$ 0
Tax provision		0
Federal Depository Insurance Coverage		250,000
Overallotment Option Liability	$ 258,440
Issuance of Representative Shares	3,030,000	3,030,000
Rights underlying the Units	15,596,420	$ 15,596,420
If we do not complete our initial business combination [Member]
Class of Stock [Line Items]
Period Within Which Business Combination Shall Be Consummated From The Consummation Of Initial Public Offer		12 months
Absent our completing an initial business combination [Member]
Class of Stock [Line Items]
Period Within Which Business Combination Shall Be Consummated From The Consummation Of Initial Public Offer		12 months
Warrant [Member]
Class of Stock [Line Items]
Class of warrants or rights warrants issued during the period units		26,670,000
IPO [Member]
Class of Stock [Line Items]
Net proceeds amount	$ 204,020,000
Term of restricted investments	185 days
Offering costs	$ 29,192,787
Underwriting fees	2,525,000
Deferred underwriting fees	7,070,000
Actual offering costs	712,927
Accumulated deficit	265,808
Adjustments to Additional Paid in Capital, Warrant Issued	10,300,559
Overallotment Option Liability	$ 258,440
IPO [Member] \| Private Placement Warrant [Member]
Class of Stock [Line Items]
Class of warrants or rights warrants issued during the period units		6,470,000

Initial Public Offering - Additional Information (Detail)	Feb. 09, 2022 $ / shares shares
IPO [Member]
Class of Stock [Line Items]
Share price	$ 10.1
Term of restricted investments	185 days
Common Class A [Member]
Class of Stock [Line Items]
Sale of stock, price per share	$ 10
Common Class A [Member] \| IPO [Member]
Class of Stock [Line Items]
Common stock, conversion basis	Each Unit consists of one Class A ordinary share, one redeemable warrant (each whole warrant, a “Public Warrant”), and one right to receive one-tenth of one Class A ordinary share upon the consummation of the Company’s initial Business Combination. Each two Public Warrants entitle the holder to purchase one Class A ordinary share at an exercise price of $11.50 per share, subject to adjustment (see Note 8).
Stock issued during period, shares, new issues \| shares	20,200,000
Sale of stock, price per share	$ 10
Common Class A [Member] \| Over-Allotment Option [Member]
Class of Stock [Line Items]
Stock issued during period, shares, new issues \| shares	200,000

Private Placement - Additional Information (Detail) - Private Placement Warrant [Member] - USD ($)	Feb. 09, 2022	Mar. 31, 2022
Sponsor [Member]
Disclosure Of Private Placement [Line Items]
Class of warrants or rights warrants issued during the period units	6,470,000
Class of warrants or rights warrants issued price per warrant	$ 1
Proceeds from issuance of warrants	$ 6,470,000
Common Class A [Member]
Disclosure Of Private Placement [Line Items]
Class of Warrant or Right, Number of Securities Called by Each Warrant or Right		1
Class of Warrant or Right, Exercise Price of Warrants or Rights		$ 11.5

Related Party Transactions - Additional Information (Detail) - USD ($)	Feb. 09, 2022	Aug. 07, 2021	Mar. 31, 2022	Dec. 31, 2021
Working Capital Loan [Member]
Related Party Transactions [Line Items]
Debt instrument convertible into warrants			$ 1,500,000
Debt instrument conversion price			$ 1
Due to related parties current			$ 0	$ 0
Office Space, Administrative and Support Services [Member]
Related Party Transactions [Line Items]
Related party transaction, amounts of transaction	$ 10,000
Promissory Note [Member]
Related Party Transactions [Line Items]
Debt instrument, face amount		$ 300,000
Debt instrument interest rate		0.00%
Debt instrument, maturity date		Mar. 31, 2022
Long-term debt			$ 0
ATAK Promissory Note [Member]
Related Party Transactions [Line Items]
Notes Payable, Related Parties	$ 242,801
Common Class A [Member] \| Share Price More Than Or Equals To USD Twelve [Member]
Related Party Transactions [Line Items]
Share transfer, trigger price per share		$ 12
Number of consecutive trading days for determining share price		20 days
Number of trading days for determining share price		30 days
Threshold number of trading days for determining share price from date of business combination		150 days
Founder Shares [Member] \| Common Class B [Member]
Related Party Transactions [Line Items]
Stock issued during period, shares, issued for services		5,750,000
Stock issued during period, value, issued for services		$ 25,000
Shares issued, shares, share-based payment arrangement, forfeited		700,000
Temporary shares issued during the period		5,050,000

Shareholders' Equity - Additional Information (Detail) - $ / shares	Mar. 31, 2022	Dec. 31, 2021
Shareholders Equity [Line Items]
Preferred stock, shares authorizes	5,000,000	5,000,000
Preferred stock, par or stated value per share	$ 0.0001	$ 0.0001
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common Class A [Member]
Shareholders Equity [Line Items]
Common stock, shares authorized	500,000,000	500,000,000
Common stock, par or stated value per share	$ 0.0001	$ 0.0001
Common stock, shares, issued	303,000	0
Common stock, shares, outstanding	303,000	0
Temporary equity shares outstanding	20,200,000	0
Common Class A [Member] \| Founder Shares [Member]
Shareholders Equity [Line Items]
Common stock, threshold percentage on conversion of shares	20.00%
Common Class B [Member]
Shareholders Equity [Line Items]
Common stock, shares authorized	50,000,000	50,000,000
Common stock, par or stated value per share	$ 0.0001	$ 0.0001
Common stock, shares, issued	5,050,000	5,750,000
Common stock, shares, outstanding	5,050,000	5,750,000

Warrants - Additional Information (Detail)	3 Months Ended
Warrants - Additional Information (Detail)	Mar. 31, 2022 $ / shares shares
Number of warrants or rights outstanding \| shares	26,670,000
Minimum lock In period for transfer, assign or sell warrants after completion of IPO	30 days
Share Price Equal Or Exceeds Eighteen Rupees Per Dollar [Member]
Exercise price of warrants	$ 18
Class of warrant or right exercise price adjustment percentage higher of market value	180.00%
Share Price Equal Or Less Nine Point Two Rupees Per Dollar [Member]
Exercise price of warrants	$ 9.2
Class of warrant or right exercise price adjustment percentage higher of market value	115.00%
Share Price Equal Or Less Nine Point Two Rupees Per Dollar [Member] \| Common Class A [Member]
Share redemption trigger price	$ 9.2
Minimum percentage gross proceeds required from issuance of equity	60.00%
Class of warrant right minimum notice period for redemption	20 days
Public Warrants [Member]
Number of warrants or rights outstanding \| shares	20,200,000
Warrants exercisable term from the date of completion of business combination	30 days
Minimum lock In period For SEC Registration From Date Of Business Combination	20 days
Minimum lock In period to become effective after the closing of the initial Business Combination	60 days
Private Placement Warrants [Member]
Number of warrants or rights outstanding \| shares	6,470,000
Redemption Of Warrants [Member] \| Share Price Equal Or Exceeds Eighteen Rupees Per Dollar [Member] \| Common Class A [Member]
Class of warrants, redemption price per unit	$ 0.01
Class of warrants, redemption notice period	30 days
Share price	$ 18
Number of consecutive trading days for determining share price	20 days
Number of trading days for determining share price	30 days

Commitments and Contingencies - Additional Information (Detail) - USD ($)		3 Months Ended
	Feb. 09, 2022	Mar. 31, 2022	Dec. 31, 2021
Proceeds from issuance of common stock		$ 202,000,000
Deferred underwriting commissions non-current		7,070,000	$ 0
Underwriting Agreement [Member]
Deferred underwriting fees		$ 2,525,000
Deferred underwriting commission per unit		$ 0.35
Deferred underwriting commissions non-current		$ 7,070,000
Sponsor [Member] \| Underwriting Agreement [Member]
Shares issued, shares, share-based payment arrangement, forfeited		700,000
Over-Allotment Option [Member] \| Underwriting Agreement [Member]
Over allotment option period		45 days
Stock issued during period, shares, new issues		3,000,000
Proceeds from issuance of common stock		$ 2,000,000
IPO [Member]
Deferred underwriting fees	$ 7,070,000
Issuance of representative shares, number of shares		303,000

Fair Value Measurements - Additional Information (Detail) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Warrant liability	$ 2,143,952	$ 0

Fair Value Measurements - Summary of Change In Fair Value of Derivative Warrant Liabilities (Detail)	3 Months Ended
	Mar. 31, 2022 USD ($)
Private Placement Warrants [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value at August 6, 2021 (inception)	$ 0
Beginning balance	0
Initial fair value at issuance	2,258,677
Change in fair value	(1,730,725)
Ending balance	527,952
Private Placement Warrants [Member] \| Fair Value, Inputs, Level 3 [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	0
Initial fair value at issuance	2,258,677
Change in fair value	(1,730,725)
Transfer of public warrants to Level 1 measurement	0
Ending balance	527,952
Public Warrants [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value at August 6, 2021 (inception)	0
Beginning balance	0
Initial fair value at issuance	3,521,870
Change in fair value	(1,905,870)
Ending balance	1,616,000
Public Warrants [Member] \| Fair Value, Inputs, Level 3 [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	0
Initial fair value at issuance	3,521,870
Change in fair value	(1,905,870)
Transfer of public warrants to Level 1 measurement	(1,616,000)
Ending balance	0
Warrant Liability [Member] \| Fair Value, Inputs, Level 3 [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	0
Initial fair value at issuance	5,780,547
Change in fair value	(3,636,595)
Transfer of public warrants to Level 1 measurement	(1,616,000)
Ending balance	527,952
Derivative Warrant Liability [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value at August 6, 2021 (inception)	0
Beginning balance	0
Initial fair value at issuance	5,780,547
Change in fair value	(3,636,595)
Ending balance	$ 2,143,952

Fair Value Measurements - Summary of Fair Value Hierarchy The Company's Assets and Liabilities That Were Accounted For At Fair Value On Recurring Basis (Detail) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Assets
Cash and marketable securities held in trust account	$ 204,020,000	$ 0
Public Warrants [Member] \| Fair Value, Inputs, Level 1 [Member]
Liabilities
Warrants	1,616,000
Public Warrants [Member] \| Fair Value, Inputs, Level 2 [Member]
Liabilities
Warrants	0
Public Warrants [Member] \| Fair Value, Inputs, Level 3 [Member]
Liabilities
Warrants	0
Private Placement Warrants [Member] \| Fair Value, Inputs, Level 1 [Member]
Liabilities
Warrants	0
Private Placement Warrants [Member] \| Fair Value, Inputs, Level 2 [Member]
Liabilities
Warrants	0
Private Placement Warrants [Member] \| Fair Value, Inputs, Level 3 [Member]
Liabilities
Warrants	527,952
Cash and marketable securities held in trust account [Member] \| Fair Value, Inputs, Level 1 [Member]
Assets
Cash and marketable securities held in trust account	204,020,000
Cash and marketable securities held in trust account [Member] \| Fair Value, Inputs, Level 2 [Member]
Assets
Cash and marketable securities held in trust account	0
Cash and marketable securities held in trust account [Member] \| Fair Value, Inputs, Level 3 [Member]
Assets
Cash and marketable securities held in trust account	$ 0

Fair Value Measurements - Summary of Fair Value Measurements Inputs (Detail)	Mar. 31, 2022 yr
Ordinary share price [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input	9.86
Exercise price [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input	11.5
Risk-free rate of interest [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input	0.024
Volatility [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input	0.0192
Term [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input	5.84
Warrant to buy one share (unadjusted for the probability of dissolution) [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input	0.08
Dividend yield [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input	0