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CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION
 3 Months Ended 12 Months Ended
Mar. 31, 2023
Dec. 31, 2022
Temporary Equity Disclosure [Abstract]    
CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION
NOTE 6. CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE
REDEMPTION
Some of the Company’s Class A ordinary shares feature certain redemption rights that are considered to be outside of the Company’s control and subject to the occurrence of future events. The Company is authorized to issue
200,000,000
shares of Class A ordinary shares with a par value of $
0.0001
per share. Holders of the Company’s Class A ordinary shares are entitled to
one
vote for each share. As of March 31, 2023 and December 31, 2022, there were
28,407,000
shares of Class A ordinary shares outstanding, of which
27,500,000
shares were subject to possible redemption and are classified outside of permanent equity in the condensed consolidated balance sheets.
As of March 31, 2023 and December 31, 2022, the Class A ordinary shares subject to possible redemption reflected on the condensed consolidated balance sheets are reconciled on the following table:
 
Gross proceeds
   
$
 
275,000,000
  
Less:
         
Offering costs allocated to Class A ordinary shares subject to possible redemption
     
(16,046,813
) 
Increase in redemption value of Class A ordinary shares subject to
possible redemption
     
(3,166,410
) 
Plus:
         
Accretion of carrying value to redemption value
     
16,046,813
  
Waiver of offering costs allocated to Class A ordinary shares subject to
possible redemption
     
6,015,625
  
    
 
 
  
Class A ordinary shares subject to possible redemption as of December 31,
2022
   
 
277,849,215
 
Plus:
         
Accretion of carrying value to redemption value
     
2,797,302
  
    
 
 
  
Class A ordinary shares subject to possible redemption as of March 31,
2023
   
$
 
 
280,646,517
 
    
 
 
  
NOTE 7
 
—
 
CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION
Some of the Company’s Class A ordinary shares feature certain redemption rights that are considered to be outside of the Company’s control and subject to the occurrence of future events. The Company is authorized to issue 200,000,000 shares of Class A ordinary shares with a par value of $0.0001 per share. Holders of the Company’s Class A ordinary shares are entitled to one vote for each share. As of December 31, 2022 and 2021,
 
there were
28,407,000
shares of Class A ordinary shares outstanding, of which
27,500,000
were subject to possible redemption and are classified outside of permanent equity in the consolidated balance sheets.
The Class A ordinary shares subject to possible redemption reflected on the consolidated balance sheets is reconciled on the following table:
 
Gross proceeds
    $ 275,000,000  
Less:
         
Offering costs allocated to Class A ordinary shares subject to possible
redemption
      (16,046,813 ) 
Plus:
         
Accretion of carrying value to redemption value
      16,046,813  
    
 
 
  
Class A ordinary shares subject to possible redemption as of December 31, 2021
      275,000,000  
Plus:
         
Waiver of offering costs allocated to Class A ordinary shares subject to
possible redemption
      6,015,625  
Less:
         
Increase in redemption value of Class A ordinary shares subject to possible redemption
      (3,166,410 )
    
 
 
  
Class A ordinary shares subject to possible redemption as of December 31, 2022
    $ 277,849,215