Quarterly report pursuant to Section 13 or 15(d)

UNAUDITED CONDENSED STATEMENTS OF CASH FLOWS

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UNAUDITED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash Flows from Operating Activities:    
Net income $ 344,439 $ 1,741,141
Adjustments to reconcile net income to net cash used in operating activities:    
Interest earned on investment held in Trust Account (2,441,165) (57,527)
Transaction costs incurred in connection with Initial Public Offering   1,004,142
Unrealized loss (gain) on fair value changes of warrants 1,834,400 (2,935,040)
Changes in current assets and current liabilities:    
Prepaid assets 51,127 (885,929)
Accrued offering costs and expenses 29,330 57,259
Due to related parties 30,000 (19,084)
Net cash used in operating activities (151,869) (1,095,038)
Cash Flows from Investing Activities:    
Purchase of investments held in Trust Account (225,643,363) (221,493,000)
Disposal of investments held in Trust Account 225,644,000  
Cash deposited in Trust Account (637)  
Net cash used in investing activities   (221,493,000)
Cash Flows from Financing Activities:    
Proceeds from Initial Public Offering, net of underwriters' fees   216,894,000
Proceeds from private placement   7,379,000
Proceeds from anchor investor   14,272
Payment of promissory note   (275,000)
Payment of deferred offering costs   (243,099)
Net cash provided by financing activities   223,769,173
Net Change in Cash (151,869) 1,181,135
Cash - Beginning 288,081 131,912
Cash - Ending 136,212 1,313,047
Supplemental Disclosure of Non-cash Financing Activities:    
Deferred underwriting commissions charged to additional paid in capital   7,675,500
Initial value of Class A common stock subject to possible redemption   219,300,000
Re-measurement of carrying value of Class A ordinary shares subject to possible redemption to redemption value $ 2,441,165 2,250,527
Initial classification of warrant liability   8,988,560
Incentive to anchor investors   $ 10,290,473