Annual report pursuant to Section 13 and 15(d)

Significant Accounting Policies Basis of Presentation (Tables)

v3.23.3
Significant Accounting Policies Basis of Presentation (Tables)
12 Months Ended
Dec. 31, 2022
Accounting Policies [Abstract]  
Schedule of Reconciliation of Numerator and Denominator used to Compute Basic and Diluted Net Income (Loss) Per Share

As a result, diluted net income (loss) per ordinary share is the same as basic net income (loss) per ordinary share for the periods. The table below presents a reconciliation of the numerator and denominator used to compute basic and diluted net income (loss) per share for each class of ordinary shares.

 

 

For the Year Ended
December 31, 2022

 

 

For the Period from
March 3, 2021
(Inception) through
December 31, 2021

 

 

Class A

 

 

Class B

 

 

Class A

 

 

Class B

 

Basic and diluted net income (loss) per ordinary share

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Allocation of net income (loss)

 

$

7,181,093

 

 

$

2,606,006

 

 

$

 

 

$

(58,457

)

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding

 

 

20,505,808

 

 

 

7,441,521

 

 

 

 

 

 

7,000,000

 

Basic and diluted net income (loss) per ordinary share

 

$

0.35

 

 

$

0.35

 

 

$

 

 

$

(0.01

)

Reconciliation of Class A Ordinary Shares

As of December 31, 2022, the amount of Class A ordinary shares reflected on the balance sheets are reconciled in the following table:

 

Gross Proceeds

 

$

219,300,000

 

Less:

 

 

 

Proceeds Allocated to Public Warrants

 

 

(5,372,850

)

 

 

 

 

Class A ordinary shares issuance cost

 

 

(20,937,928

)

Add:

 

 

 

Re-measurement of carrying value to redemption value

 

 

32,095,586

 

 

 

 

 

Class A ordinary shares subject to redemption, December 31, 2022

 

$

225,084,808