XML 19 R7.htm IDEA: XBRL DOCUMENT v3.23.1
Statements of Cash Flows - USD ($)
 11 Months Ended 12 Months Ended
Dec. 31, 2021
Dec. 31, 2022
Cash Flows from Operating Activities:    
Net income (loss) $ (482,997) $ 1,059,800
Adjustments to reconcile net loss to net cash used in operating activities:    
Loss on sale of Private Placement Warrants 343,999 30,000
Gain on investments held in Trust Account (311) (2,542,494)
Realized gain on investments held in Trust Account (170) 0
Changes in operating assets and liabilities:    
Prepaid expenses (1,075,033) 560,833
Accounts payable 33,057 18,394
Due to Sponsor 2,284 0
Accrued expenses 79,875 429,305
Accrued offering costs 0 (8,755)
Accrued expenses - related party 0 39,000
Net cash used in operating activities (1,099,296) (413,917)
Cash Flows from Investing Activities:    
Cash deposited in Trust Account (202,000,000) (25,250,000)
Net cash used in investing activities (202,000,000) (25,250,000)
Cash Flows from Financing Activities:    
Proceeds from Initial Public Offering, net of underwriting discount paid 196,000,000 24,500,000
Proceeds from sale of Private Placement Warrants 8,600,000 750,000
Proceeds from issuance of Class B ordinary shares to Sponsor 25,000 0
Proceeds from issuance of Class B ordinary shares to Anchor Investors 6,750 0
Payment of offering costs (656,623) 0
Net cash provided by financing activities 203,975,127 25,250,000
Net Change in Cash 875,831 (413,917)
Cash - Beginning of period 0 875,831
Cash - End of period 875,831 461,914
Non-cash investing and financing activities:    
Deferred offering costs included in accrued offering costs 320,185  
Excess fair value of Founder Shares attributable to Anchor Investors 13,605,750 0
Accretion of Class A ordinary shares subject to redemption value 36,958,138 2,442,494
Initial accretion of Class A ordinary shares from issuance of over-allotment warrants 0 2,806,250
Deferred underwriting fee payable 7,000,000 875,000
Forfeiture of Class B ordinary shares by Sponsor $ 225 $ 13