2022 Q2 Form 10-Q Financial Statement
#000121390022047393 Filed on August 12, 2022
Income Statement
Concept | 2022 Q2 | 2022 Q1 | 2021 Q4 |
---|---|---|---|
Revenue | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $401.0K | $453.4K | $542.0K |
YoY Change | 45240.0% | ||
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | |||
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | $401.0K | $453.4K | $542.0K |
YoY Change | 45240.0% | ||
Operating Profit | -$401.0K | -$453.4K | |
YoY Change | |||
Interest Expense | $384.9K | $27.61K | $900.00 |
YoY Change | |||
% of Operating Profit | |||
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | -$16.13K | -$425.8K | -$541.1K |
YoY Change | 42479.0% | ||
Income Tax | $30.63K | ||
% Of Pretax Income | |||
Net Earnings | -$46.75K | -$425.8K | -$541.1K |
YoY Change | 43660.43% | ||
Net Earnings / Revenue | |||
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$1.301K | -$11.85K | -$15.06K |
COMMON SHARES | |||
Basic Shares Outstanding | |||
Diluted Shares Outstanding |
Balance Sheet
Concept | 2022 Q2 | 2022 Q1 | 2021 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $1.530M | $1.627M | $2.845M |
YoY Change | |||
Cash & Equivalents | $1.530M | $1.627M | $2.845M |
Short-Term Investments | |||
Other Short-Term Assets | $336.6K | $361.5K | $329.6K |
YoY Change | |||
Inventory | |||
Prepaid Expenses | $336.6K | $329.6K | |
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $1.867M | $1.989M | $3.174M |
YoY Change | |||
LONG-TERM ASSETS | |||
Property, Plant & Equipment | |||
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $290.8M | $290.4M | $290.4M |
YoY Change | |||
Other Assets | $134.4K | $209.4K | $284.4K |
YoY Change | |||
Total Long-Term Assets | $290.9M | $290.6M | $290.7M |
YoY Change | |||
TOTAL ASSETS | |||
Total Short-Term Assets | $1.867M | $1.989M | $3.174M |
Total Long-Term Assets | $290.9M | $290.6M | $290.7M |
Total Assets | $292.8M | $292.6M | $293.8M |
YoY Change | |||
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $237.3K | $106.8K | $1.148M |
YoY Change | |||
Accrued Expenses | $603.1K | $796.6K | $410.4K |
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $1.139M | $903.4K | $1.711M |
YoY Change | |||
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $1.139M | $903.4K | $1.711M |
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
Total Liabilities | $11.20M | $10.97M | $11.77M |
YoY Change | |||
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$8.802M | -$8.314M | |
YoY Change | |||
Common Stock | $0.00 | $0.00 | |
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$8.801M | -$8.739M | -$8.314M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $292.8M | $292.6M | $293.8M |
YoY Change |
Cashflow Statement
Concept | 2022 Q2 | 2022 Q1 | 2021 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$46.75K | -$425.8K | -$541.1K |
YoY Change | 43660.43% | ||
Depreciation, Depletion And Amortization | |||
YoY Change | |||
Cash From Operating Activities | -$96.64K | -$1.218M | $0.00 |
YoY Change | |||
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$290.4M | ||
YoY Change | |||
Cash From Investing Activities | -$290.4M | ||
YoY Change | |||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 293.2M | ||
YoY Change | |||
NET CHANGE | |||
Cash From Operating Activities | -96.64K | -1.218M | 0.000 |
Cash From Investing Activities | -290.4M | ||
Cash From Financing Activities | 293.2M | ||
Net Change In Cash | -96.64K | -1.218M | 2.845M |
YoY Change | |||
FREE CASH FLOW | |||
Cash From Operating Activities | -$96.64K | -$1.218M | $0.00 |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Document Quarterly Report
DocumentQuarterlyReport
|
true | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2022-06-30 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2022 | ||
dei |
Document Transition Report
DocumentTransitionReport
|
false | ||
dei |
Entity File Number
EntityFileNumber
|
001-41151 | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
POWER & DIGITAL INFRASTRUCTURE ACQUISITION II CORP. | ||
dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
DE | ||
dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
86-2962208 | ||
dei |
Entity Address Address Line1
EntityAddressAddressLine1
|
321 North Clark Street | ||
CY2021Q4 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
329567 | usd |
CY2022Q2 | us-gaap |
Assets Current
AssetsCurrent
|
1866989 | usd |
CY2021Q4 | us-gaap |
Assets Current
AssetsCurrent
|
3174169 | usd |
dei |
Entity Address Address Line2
EntityAddressAddressLine2
|
Suite 2440 | ||
dei |
Entity Address City Or Town
EntityAddressCityOrTown
|
Chicago | ||
dei |
Entity Address State Or Province
EntityAddressStateOrProvince
|
IL | ||
dei |
Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
60654 | ||
dei |
City Area Code
CityAreaCode
|
(312) | ||
dei |
Local Phone Number
LocalPhoneNumber
|
262-5642 | ||
dei |
Security12b Title
Security12bTitle
|
Class A common stock included as part of the units | ||
dei |
Trading Symbol
TradingSymbol
|
XPDB | ||
dei |
Security Exchange Name
SecurityExchangeName
|
NASDAQ | ||
dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | ||
dei |
Entity Interactive Data Current
EntityInteractiveDataCurrent
|
Yes | ||
dei |
Entity Filer Category
EntityFilerCategory
|
Non-accelerated Filer | ||
dei |
Entity Small Business
EntitySmallBusiness
|
true | ||
dei |
Entity Emerging Growth Company
EntityEmergingGrowthCompany
|
true | ||
dei |
Entity Ex Transition Period
EntityExTransitionPeriod
|
false | ||
dei |
Entity Shell Company
EntityShellCompany
|
true | ||
CY2022Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1530428 | usd |
CY2021Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
2844602 | usd |
CY2022Q2 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
336561 | usd |
CY2022Q2 | us-gaap |
Assets Held In Trust
AssetsHeldInTrust
|
290788387 | usd |
CY2021Q4 | us-gaap |
Assets Held In Trust
AssetsHeldInTrust
|
290375895 | usd |
CY2022Q2 | us-gaap |
Prepaid Expense Noncurrent
PrepaidExpenseNoncurrent
|
134405 | usd |
CY2021Q4 | us-gaap |
Prepaid Expense Noncurrent
PrepaidExpenseNoncurrent
|
284405 | usd |
CY2022Q2 | us-gaap |
Assets
Assets
|
292789781 | usd |
CY2021Q4 | us-gaap |
Assets
Assets
|
293834469 | usd |
CY2022Q2 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
237267 | usd |
CY2021Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
1148088 | usd |
CY2022Q2 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
603071 | usd |
CY2021Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
410377 | usd |
CY2022Q2 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
30625 | usd |
CY2022Q2 | us-gaap |
Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
|
267552 | usd |
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Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
|
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Liabilities Current
LiabilitiesCurrent
|
1138515 | usd |
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Liabilities Current
LiabilitiesCurrent
|
1710660 | usd |
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Deferred Income Noncurrent
DeferredIncomeNoncurrent
|
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Deferred Income Noncurrent
DeferredIncomeNoncurrent
|
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Liabilities
Liabilities
|
11201015 | usd |
CY2021Q4 | us-gaap |
Liabilities
Liabilities
|
11773160 | usd |
CY2022Q2 | us-gaap |
Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
|
290390210 | usd |
CY2021Q4 | us-gaap |
Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
|
290375000 | usd |
CY2022Q2 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2021Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2022Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
CY2021Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
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Common Stock Value1
CommonStockValue1
|
719 | usd |
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Common Stock Value1
CommonStockValue1
|
719 | usd |
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Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
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Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
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Stockholders Equity
StockholdersEquity
|
-8801444 | usd |
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Stockholders Equity
StockholdersEquity
|
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Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
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Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
293834469 | usd |
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General And Administrative Expense
GeneralAndAdministrativeExpense
|
275657 | usd |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
619053 | usd | |
CY2022Q2 | us-gaap |
Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
|
60000 | usd |
us-gaap |
Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
|
120000 | usd | |
xpdb |
Formation Expenses
FormationExpenses
|
973 | usd | |
CY2022Q2 | us-gaap |
Franchisor Costs
FranchisorCosts
|
65357 | usd |
us-gaap |
Franchisor Costs
FranchisorCosts
|
115357 | usd | |
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Operating Income Loss
OperatingIncomeLoss
|
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us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-854410 | usd | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
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-973 | usd | |
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Investment Income Interest
InvestmentIncomeInterest
|
384885 | usd |
us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
412492 | usd | |
CY2022Q2 | us-gaap |
Income Loss Attributable To Parent
IncomeLossAttributableToParent
|
-16129 | usd |
us-gaap |
Income Loss Attributable To Parent
IncomeLossAttributableToParent
|
-441918 | usd | |
us-gaap |
Income Loss Attributable To Parent
IncomeLossAttributableToParent
|
-973 | usd | |
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Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
30625 | usd |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
30625 | usd | |
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Net Income Loss
NetIncomeLoss
|
-46754 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-472543 | usd | |
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Net Income Loss
NetIncomeLoss
|
-973 | usd | |
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Stockholders Equity
StockholdersEquity
|
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Net Income Loss
NetIncomeLoss
|
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Stockholders Equity
StockholdersEquity
|
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Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
|
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Net Income Loss
NetIncomeLoss
|
-46754 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-8801444 | usd |
CY2021Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
25000 | usd |
CY2021Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-973 | usd |
CY2021Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
24027 | usd |
CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
24027 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-472543 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-973 | usd | |
us-gaap |
Gain Loss On Investments
GainLossOnInvestments
|
412492 | usd | |
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
-143006 | usd | |
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Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-910821 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
973 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
192694 | usd | |
us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
30625 | usd | |
xpdb |
Franchise Tax Payable
FranchiseTaxPayable
|
115357 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-1314174 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-1314174 | usd | |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
2844602 | usd |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1530428 | usd |
xpdb |
Offering Costs Paid By Sponsor In Exchange For Issuance Of Class B Common Stock
OfferingCostsPaidBySponsorInExchangeForIssuanceOfClassBCommonStock
|
25000 | usd | |
xpdb |
Remeasurement Adjustment On Class A Common Stock Subject To Possible Redemption
RemeasurementAdjustmentOnClassACommonStockSubjectToPossibleRedemption
|
15210 | usd | |
CY2021Q4 | xpdb |
Offering Cost
OfferingCost
|
20700000 | usd |
CY2021Q4 | xpdb |
Deferred Underwriting Commissions
DeferredUnderwritingCommissions
|
10100000 | usd |
xpdb |
Percentage Of Trust Account Required For Business Combination
PercentageOfTrustAccountRequiredForBusinessCombination
|
0.80 | pure | |
CY2022Q2 | xpdb |
Net Tangible Assets
NetTangibleAssets
|
5000001 | usd |
xpdb |
Percentage Of Public Shares
PercentageOfPublicShares
|
0.15 | pure | |
xpdb |
Initial Business Combination Term
InitialBusinessCombinationTerm
|
P18M | ||
xpdb |
Residual Assets Remaining Description
ResidualAssetsRemainingDescription
|
In the event of such distribution, it is possible that the per share value of the residual assets remaining available for distribution (including Trust Account assets) will be only $10.10, or $10.20 or $10.30 per Public Share, as applicable, if the Company extends the period of time the Company will have to complete an initial Business Combination. In order to protect the amounts held in the Trust Account, the Sponsor agreed to be liable to the Company if and to the extent any claims by a third party (except for the Company’s independent registered public accounting firm) 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 (a “Target”), reduce the amount of funds in the Trust Account to below (i) $10.10 per Public Share, or $10.20 or $10.30 per public share, as applicable, if the Company extends the period of time it will have to complete an initial Business Combination, or (ii) the 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 the value of the Trust assets, in each case net of interest which may be withdrawn to pay taxes, provided that such liability will not apply to any claims by a third party or Target that executed a waiver of any and all rights to seek access to the Trust Account nor will it apply to any claims under the Company’s indemnity of the underwriters of the Initial Public Offering against certain liabilities, including liabilities under the Securities Act of 1933, as amended (the “Securities Act”). | ||
CY2022Q2 | us-gaap |
Cash
Cash
|
1500000 | usd |
CY2022Q2 | xpdb |
Working Capital Deficit
WorkingCapitalDeficit
|
1100000 | usd |
CY2022Q2 | us-gaap |
Capital Lease Obligations
CapitalLeaseObligations
|
268000 | usd |
us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
115000 | usd | |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Use of Estimates</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The preparation of financial statements in conformity with 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 condensed financial statements. Actual results could differ from those estimates.<b><i> </i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> | ||
us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Concentration of Credit Risk</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Financial instruments that potentially subject the Company to concentration of credit risk consist of a cash account in a financial institution which, at times, may exceed the Federal Depository Insurance Corporation 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.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> | ||
us-gaap |
Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
|
250000 | usd | |
CY2022Q2 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
0.21 | usd |
CY2022Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
1.8987 | pure |
CY2021Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0 | pure |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.0693 | pure | |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0 | pure | |
CY2021Q4 | xpdb |
Initial Public Offering Shares
InitialPublicOfferingShares
|
28750000 | shares |
CY2021Q4 | us-gaap |
Deferred Offering Costs
DeferredOfferingCosts
|
20700000 | usd |
CY2021Q4 | us-gaap |
Other Underwriting Expense
OtherUnderwritingExpense
|
10100000 | usd |
CY2021Q4 | us-gaap |
Sale Of Stock Description Of Transaction
SaleOfStockDescriptionOfTransaction
|
Each Unit consists of one share of Class A common stock, and one-half of one redeemable warrant (each, a “Public Warrant”). Each Public Warrant entitles the holder to purchase one share of Class A common stock at a price of $11.50 per share, subject to adjustment (see Note 7). | |
CY2021Q3 | xpdb |
Founder Shares
FounderShares
|
120000 | shares |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
516000 | usd | |
xpdb |
Percentage Of Founder Shares
PercentageOfFounderShares
|
0.75 | pure | |
xpdb |
Private Placement Warrant Description
PrivatePlacementWarrantDescription
|
Each Private Placement Warrant is exercisable for one whole share of Class A common stock at a price of $11.50 per share. | ||
CY2021Q4 | us-gaap |
Other Short Term Borrowings
OtherShortTermBorrowings
|
115000 | usd |
xpdb |
Working Capital Loans
WorkingCapitalLoans
|
1500000 | usd | |
us-gaap |
Warrant Exercise Price Decrease
WarrantExercisePriceDecrease
|
1 | ||
xpdb |
Underwriting Agreement Description
UnderwritingAgreementDescription
|
The underwriters were entitled to an underwriting discount of $0.20 per Unit on all Units sold in the Initial Public Offering, except for the Units purchased by the Anchor Investors, or approximately $5.3 million in the aggregate, paid upon the closing of the Initial Public Offering. An additional fee of $0.35 per Unit, or approximately $10.1 million in the aggregate | ||
CY2022Q2 | us-gaap |
Unrecorded Unconditional Purchase Obligation Balance On First Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFirstAnniversary
|
5300000 | usd |
CY2022Q1 | us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
287500000 | usd |
CY2022Q1 | xpdb |
Proceeds Allocated To Public Warrants
ProceedsAllocatedToPublicWarrants
|
-14662500 | usd |
CY2022Q1 | xpdb |
Issuance Costs Allocated To Class A Common Stock
IssuanceCostsAllocatedToClassACommonStock
|
-19627833 | usd |
CY2022Q1 | xpdb |
Adjust Carrying Value To Initial Redemption Value
AdjustCarryingValueToInitialRedemptionValue
|
37165333 | usd |
CY2022Q1 | xpdb |
Class A Common Stock Subject To Possible Redemption
ClassACommonStockSubjectToPossibleRedemption
|
290375000 | usd |
CY2022Q2 | xpdb |
Remeasurement Of Carrying Value To Initial Redemption Value
RemeasurementOfCarryingValueToInitialRedemptionValue
|
15210 | usd |
CY2022Q2 | xpdb |
Class A Common Stock Subject To Possible Redemption
ClassACommonStockSubjectToPossibleRedemption
|
290390210 | usd |
CY2022Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
CY2022Q2 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
xpdb |
Percentage Of Number Of Shares
PercentageOfNumberOfShares
|
0.20 | pure | |
CY2022Q2 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
25500000 | shares |
CY2021Q4 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
25500000 | shares |
CY2022Q2 | us-gaap |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
11.5 | |
us-gaap |
Line Of Credit Facility Expiration Period
LineOfCreditFacilityExpirationPeriod
|
P5Y | ||
xpdb |
Initial Business Combination Description
InitialBusinessCombinationDescription
|
In addition, if (x) the Company issues additional shares of Class A common stock or equity-linked securities for capital raising purposes in connection with the closing of the initial Business Combination at an issue price or effective issue price of less than $9.20 per share of Class A common stock (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 the initial Business Combination on the date of the completion of the initial Business Combination (net of redemptions), and (z) the volume weighted average trading price of the Class A common stock during the 20 trading day period starting on the trading day prior to the day on which the Company completes the initial 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 prices described below under “Redemption of warrants when the price per share of Class A common stock equals or exceeds $18.00” to be equal to 180% of the higher of the Market Value and the Newly Issued Price described below under “Redemption of warrants when the price per share of Class A common stock equals or exceeds $18.00” will be adjusted (to the nearest cent) to be equal to the higher of the Market Value and the Newly Issued Price. | ||
xpdb |
Warrants Description
WarrantsDescription
|
Redemption of Public Warrants when the price per share of Class A common stock equals or exceeds $18.00: Once the warrants become exercisable, the Company may call the outstanding warrants for redemption (except as described herein with respect to the Private Placement Warrants): ●in whole and not in part; ●at a price of $0.01 per warrant; ●upon a minimum of 30 days’ prior written notice of redemption to each warrant holder; and ●if, and only if, the last reported sale price of Class A common stock for any 20 trading days within a 30-trading day period ending on the third trading day prior to the date on which the Company sends the notice of redemption to the warrant holders (the “Reference Value”) equals or exceeds $18.00 per share (as adjusted). | ||
CY2021Q2 | us-gaap |
Franchisor Costs
FranchisorCosts
|
usd | |
CY2021Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
usd | |
CY2021Q2 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
usd | |
CY2021Q2 | us-gaap |
Income Loss Attributable To Parent
IncomeLossAttributableToParent
|
usd | |
CY2021Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | |
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
usd | |
CY2021Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
usd | |
us-gaap |
Gain Loss On Investments
GainLossOnInvestments
|
usd | ||
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
usd | ||
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
usd | ||
xpdb |
Franchise Tax Payable
FranchiseTaxPayable
|
usd | ||
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
usd | ||
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
usd | ||
CY2021Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
usd | |
CY2021Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
usd | |
xpdb |
Offering Costs Paid By Sponsor In Exchange For Issuance Of Class B Common Stock
OfferingCostsPaidBySponsorInExchangeForIssuanceOfClassBCommonStock
|
usd | ||
xpdb |
Remeasurement Adjustment On Class A Common Stock Subject To Possible Redemption
RemeasurementAdjustmentOnClassACommonStockSubjectToPossibleRedemption
|
usd | ||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q2 | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001855474 |