v3.22.1

BALANCE SHEETS - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Current assets
Cash	$ 132,241	$ 111,696
Prepaid expenses	481,445
Total current assets	613,686	111,696
Investments held in Trust Account	276,017,343
Deferred offering costs		237,539
Total Assets	276,631,029	349,235
Current liabilities
Accounts payable	154,715	15,161
Accrued expenses	70,957	65,076
Note payable - related party		280,000
Working Capital Loan - related party, at fair value	179,352
Total current liabilities	405,024	360,237
Deferred underwriting commissions	9,660,000
Derivative warrant liabilities	10,691,800
Total Liabilities	20,756,824	360,237
Commitments and Contingencies
Class A ordinary shares subject to possible redemption; 27,600,000 and -0- shares at $10.00 per share redemption value at December 31, 2021 and 2020, respectively	276,000,000
Shareholders' Deficit:
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding at December 31, 2021 and 2020
Additional paid-in capital		24,310
Accumulated deficit	(20,126,485)	(36,002)
Total shareholders' deficit	(20,125,795)	(11,002)
Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption and Shareholders' Deficit	276,631,029	349,235
Class A Common Stock Subject to Redemption
Current liabilities
Class A ordinary shares subject to possible redemption; 27,600,000 and -0- shares at $10.00 per share redemption value at December 31, 2021 and 2020, respectively	276,000,000
Class B Common Stock
Shareholders' Deficit:
Common stock	$ 690	$ 690

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered, excluding offering costs (due within one year or within the normal operating cycle if longer).

+ References

No definition available.

Kairos Acquisition Corp. 10-K