Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2023

Schedule of compute basic and diluted net income per share

The earnings per share presented in the statement of operations is based on the following:


	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2023			2022			2023			2022
Net (loss) income	$	(1,411,072	)	$	1,494,631		$	(2,857,183	)	$	7,375,172
Accretion of temporary equity to redemption value		8,522,150			(368,774	)		7,233,917			(386,945	)

Net income including accretion of temporary equity to redemption value	$	7,111,078		$	1,125,857		$	4,376,734		$	6,988,227


	For the Three Months Ended June 30,
	2023						2022
	Class A			Class B			Class A			Class B
Basic and diluted net (loss) income per share:
Numerator:
Allocation of net income including accretion of temporary equity	$	2,133,323		$	4,977,755		$	900,686		$	225,171
Allocation of accretion of temporary equity to redemption value		(8,522,150	)		—			368,774			—

Allocation of net (loss) income	$	(6,388,827	)	$	4,977,755		$	1,269,460		$	225,171

Denominator:
Weighted-average shares outstanding		2,896,555			6,900,000			27,600,000			6,900,000
Basic and diluted net (loss) income per share	$	(2.21	)	$	0.72		$	0.05		$	0.03

	For the Six Months Ended June 30,
	2023						2022
	Class A			Class B			Class A			Class B
Basic and diluted net (loss) income per share:
Numerator:
Allocation of net (loss) income including accretion of temporary equity	$	1,925,763		$	2,450,971		$	5,590,582		$	1,397,645
Allocation of accretion of temporary equity to redemption value		(7,233,917	)		—			386,945			—

Allocation of net (loss) income	$	(5,308,154	)	$	2,450,971		$	5,977,527		$	1,397,645

Denominator:
Weighted-average shares outstanding		5,489,734			6,900,000			27,600,000			6,900,000
Basic and diluted net (loss) income per share	$	(0.97	)	$	0.36		$	0.22		$	0.20

Net (loss) income per share is computed by dividing net (loss) income by the weighted average number of ordinary shares outstanding during the period. The Company has not considered the effect of the 27,840,000 ordinary shares issuable upon exercise of the Public Warrants and Private Placement Warrants in the calculation of diluted loss per share, since the exercise of such warrants are contingent upon the occurrence of future events and the inclusion of such warrants would be anti-dilutive.