Quarterly report pursuant to Section 13 or 15(d)

Significant Accounting Policies Basis of Presentation (Tables)

v3.23.3
Significant Accounting Policies Basis of Presentation (Tables)
 3 Months Ended
Mar. 31, 2023
Accounting Policies [Abstract]  
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.

 

 

For the Three Months Ended
March 31, 2023

 

 

For the Three Months Ended
March 31, 2022

 

 

Class A

 

 

Class B

 

 

Class A

 

 

Class B

 

Basic and diluted net income per ordinary share

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Allocation of net income

 

$

256,814

 

 

$

87,625

 

 

$

1,198,385.00

 

 

$

542,756

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding

 

 

21,930,000

 

 

 

7,482,500

 

 

 

16,154,111

 

 

 

7,316,306

 

Basic and diluted net income per ordinary share

 

$

0.01

 

 

$

0.01

 

 

$

0.07

 

 

$

0.07

 

 

 

 

 

 

 

 

 

 

 

 

 

 
Reconciliation of Class A Ordinary Shares

As of March 31, 2023, and 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 12/31/2022

 

 

225,084,808

 

Add:

 

 

 

Re-measurement of carrying value to redemption value

 

 

2,441,165

 

Class A ordinary shares subject to redemption 03/31/2023

 

$

227,525,973