v3.22.1

CONDENSED BALANCE SHEETS - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Current assets
Cash	$ 99,400	$ 607,255
Prepaid expenses	279,684	173,519
Total current assets	379,084	780,774
Noncurrent assets
Investments held in Trust Account	250,045,990	250,023,702
Total noncurrent assets	250,045,990	250,023,702
Total assets	250,425,074	250,804,476
Current liabilities
Accounts payable and accrued expenses	335,517	468,737
Total current liabilities	335,517	468,737
Noncurrent liabilities
Warrant liabilities	4,382,350	9,947,605
Deferred underwriting fee payable	8,750,000	8,750,000
Total noncurrent liabilities	13,132,350	18,697,605
Total liabilities	13,467,867	19,166,342
Commitments and contingencies
Class A common stock subject to possible redemption, 25,000,000 shares at $10.00 redemption value at March 31, 2022 and December 31, 2021	250,000,000	250,000,000
Stockholders' deficit
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding
Accumulated deficit	(13,043,418)	(18,362,491)
Total stockholders' deficit	(13,042,793)	(18,361,866)
Total liabilities and stockholders' deficit	250,425,074	250,804,476
Class B Common Stock
Stockholders' deficit
Common stock value	$ 625	$ 625

The carrying value as of balance sheet date of underwriting fees payable or deferred, classified as noncurrent.

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Monument Circle Acquisition Corp. 10-Q