| 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
September 30, 2023 |
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For the Three Months Ended
September 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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$ |
508,547 |
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$ |
333,440 |
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$ |
1,987,471 |
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$ |
678,124 |
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Denominator |
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Weighted-average shares outstanding |
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11,411,974 |
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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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$ |
0.04 |
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$ |
0.04 |
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$ |
0.09 |
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$ |
0.09 |
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For the Nine Months Ended
September 30, 2023 |
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For the Nine Months Ended
September 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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$ |
3,938,703 |
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$ |
1,602,970 |
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$ |
5,060,006 |
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$ |
1,876,787 |
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Denominator |
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Weighted-average shares outstanding |
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18,385,464 |
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7,482,500 |
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20,025,860 |
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7,427,711 |
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Basic and diluted net income per ordinary share |
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$ |
0.21 |
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$ |
0.21 |
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$ |
0.25 |
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$ |
0.25 |
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| Reconciliation of Class A Ordinary Shares |
As of September 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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Less: |
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Redemptions |
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(149,750,540 |
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Add: |
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Additional amount deposited into Trust Account |
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375,000 |
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Re-measurement of carrying value to redemption value |
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6,672,712 |
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Class A ordinary shares subject to redemption 09/30/2023 |
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$ |
82,381,980 |
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