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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 3 Months Ended 12 Months Ended
Mar. 31, 2023
Dec. 31, 2022
SCHEDULE OF RECONCILIATION OF ORDINARY SHARE SUBJECT TO POSSIBLE REDEMPTION

The amounts of Class A ordinary shares reflected on the balance sheet are reconciled in the following table:

 

Class A ordinary shares subject to possible redemption at January 1, 2022  $202,998,782 
Accretion of carrying value to initial redemption value   5,934,098 
Class A ordinary shares subject to possible redemption at December 31, 2022  $208,932,880 
Accretion of carrying value to initial redemption value   2,211,158 
Redemption of Class A ordinary shares  $(109,309,854)
Class A ordinary shares subject to possible redemption at March 31, 2023  $101,834,184 

The amount of Class A ordinary shares reflected on the balance sheet are reconciled in the following table:

 

Gross proceeds  $199,998,800 
Less:     
Proceeds allocated to Public Warrants   (7,482,088)
Class A ordinary shares issuance costs   (9,351,106)
Plus:     
Offering costs allocated to public warrants   349,831 
Accretion of carrying value to initial redemption value   19,483,345 
Class A ordinary shares subject to possible redemption at December 31, 2021  $202,998,782 
Accretion of carrying value to initial redemption value   5,934,098 
Class A ordinary shares subject to possible redemption at December 31, 2022  $208,932,880 
SCHEDULE OF BASIS AND DILUTED NET LOSS PER ORDINARY SHARES

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

 

                 
  

For the three months ended
March 31

 
   2023   2022 
   Class A   Class B   Class A   Class B 
Basic and diluted net income (loss) per ordinary share                
Numerator:                
Allocation of net income (loss)  $712,719   $285,519   $(358,119)  $(104,448)
Denominator:                    
Basic and diluted weighted average common shares   14,560,700    5,833,083    19,999,880    5,833,083 
Basic and diluted net income (loss) per ordinary share  $0.05   $0.05   $(0.02)  $(0.02)

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

 

   Class A   Class B   Class A   Class B 
   For the year ended
December 31, 2022		   For the period from March 8, 2021 (inception) to
December 31, 2021		 
   Class A   Class B   Class A   Class B 
Basic and diluted net loss per ordinary share                    
Numerator:                    
Allocation of net loss  $(860,883)  $(251,081)  $(62,717)  $(118,978)
Denominator:                    
Basic and diluted weighted average common shares   19,999,880    5,833,083    2,550,320    4,838,142 
Basic and diluted net loss per ordinary share  $(0.04)  $(0.04)  $(0.02)  $(0.02)
Seamless Group Inc [Member]    
SCHEDULE OF DEPRECIATION OF EQUIPMENT AND SOFTWARE STRAIGHT LINE METHOD  

Depreciation of equipment and software is calculated using the straight-line method with no residual values over their estimated useful lives, as follows:

 

Office equipment 10%
Furniture and fittings 10%
Renovation 10%
Signboard 10%
Computer peripherals 33%
Electrical installation 10%
Mobile phone 33%
Motor vehicle 20%
Air conditioners 10%
Store equipment 20%