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Basis of Presentation and Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2022

Accounting Policies [Abstract]

Summary of Reconciled of Class A Common Stock

At September 30, 2022, and December 31, 2021, the Class A common stock reflected in the Condensed Consolidated balance sheets is reconciled in the following table:

Gross Proceeds		$	345,000,000
Less:
Proceeds allocated to Public Warrants			(14,662,500	)
Proceeds allocated to FPA liability			(1,000,000	)
Class A common stock issuance costs			(18,978,817	)
Plus:
Remeasurement of carrying value to redemption value			34,641,317
Class A common stock subject to possible redemption December 31, 2021		$	345,000,000
Redemption of Class A common stock			(248,087,256	)
Remeasurement of carrying value to redemption value			184,052
Contribution to trust account			962,178
Class A common stock subject to possible redemption		$	98,058,974

Calculation of Basic and Diluted Net Income (loss) per Common Share

The following table reflects the calculation of basic and diluted net income (loss) per common share (in dollars, except per share amounts): 

		For the Three Months Ended September 30,				For the Three Months Ended September 30,				Nine Months Ended September 30,				Nine Months Ended September 30,
		2022				2021				2022				2021
Net earnings (loss)		$	(6,347,119	)		$	10,763,775			$	1,902,803			$	14,377,387
Net earnings attributable to shareholders		$	(6,347,119	)		$	10,763,775			$	1,902,803			$	14,377,387
Redeemable Class A Common Stock
Numerator: Earnings (loss) allocable to Redeemable Class A Common Stock		$	(4,140,468	)		$	8,611,020			$	1,458,673			$	11,501,910
Denominator: Basic and diluted weighted average shares outstanding, Redeemable Class A			16,183,588				34,500,000				28,327,436				34,500,000
Basic and diluted earnings (loss) per share, Redeemable Class A		$	(0.26	)		$	0.25			$	0.05			$	0.33
Non-Redeemable Class A and Class B Common Stock
Numerator: Earnings (loss) allocable to Non-Redeemable Class A and Class B Common Stock		$	(2,206,651	)		$	2,152,755			$	444,130			$	2,875,477
Denominator: Basic and diluted weighted average shares outstanding, Non-Redeemable Class A and Class B			8,625,000				8,625,000				8,625,000				8,625,000
Basic and diluted net earnings (loss) per share, Non-Redeemable Class A and Class B		$	(0.26	)		$	0.25			$	0.05			$	0.33

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Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
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Tabular disclosure of temporary equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
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