| Schedule of Reconciliation of Numerator and Denominator used to Compute Basic and Diluted Net Income Per Share |
The table below presents a reconciliation of the numerator and denominator used to compute basic and diluted net income per share for each class of ordinary shares.
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For the Three Months Ended
June 30, 2023 |
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For the Three Months Ended
June 30, 2022 |
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Class A |
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Class B |
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Class A |
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Class B |
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Basic and diluted net income per ordinary share |
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Numerator: |
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Allocation of net income |
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$ |
3,247,278 |
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$ |
1,107,969 |
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$ |
1,886,414 |
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$ |
643,643 |
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Denominator |
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Weighted-average shares outstanding |
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21,930,000 |
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7,482,500 |
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21,930,000 |
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7,482,500 |
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Basic and diluted net income per ordinary share |
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$ |
0.15 |
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$ |
0.15 |
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$ |
0.09 |
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$ |
0.09 |
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For the Six Months Ended
June 30, 2023 |
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For the Six Months Ended
June 30, 2022 |
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Class A |
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Class B |
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Class A |
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Class B |
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Basic and diluted net income per ordinary share |
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Numerator: |
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Allocation of net income |
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$ |
3,504,092 |
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$ |
1,195,594 |
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$ |
3,076,609 |
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$ |
1,194,589 |
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Denominator |
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Weighted-average shares outstanding |
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21,930,000 |
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7,482,500 |
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19,058,012 |
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7,399,862 |
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Basic and diluted net income per ordinary share |
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$ |
0.16 |
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$ |
0.16 |
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$ |
0.16 |
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$ |
0.16 |
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| Reconciliation of Class A Ordinary Shares |
As of June 30, 2023, and December 31, 2022, the amount of Class A ordinary shares reflected on the balance sheets are reconciled in the following table:
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Gross Proceeds |
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$ |
219,300,000 |
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Less: |
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Proceeds Allocated to Public Warrants |
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(5,372,850 |
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Class A ordinary shares issuance cost |
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(20,937,928 |
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Add: |
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Re-measurement of carrying value to redemption value |
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32,095,586 |
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Class A ordinary shares subject to redemption 12/31/2022 |
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$ |
225,084,808 |
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Add: |
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Re-measurement of carrying value to redemption value |
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5,121,773 |
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Class A ordinary shares subject to redemption 06/30/2023 |
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$ |
230,206,581 |
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