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v3.23.3

Statements of Cash Flows | 12 Months Ended
--- | ---
Dec. 31, 2022 USD ($)
Cash flows from Operating Activities: |
Net income | $ 24,256,284
Adjustments to reconcile net income to net cash used in operating activities: |
Income from investments held in Trust Account | (5,091,197)
Changes in fair value of warrant liability and sponsor loans | (21,332,800)
Changes in operating assets and liabilities: |
Prepaid expenses | 389,014
Due to related party | 7,297
Accrued income taxes | 485,207
Accounts payable and accrued expenses | (229,869)
Net cash used in operating activities | (1,516,064)
Cash flows from Investing Activities: |
Cash withdrawn from Trust Account to pay taxes | 822,658
Net cash provided by investing activities | 822,658
Cash flows from Financing Activities: |
Net change in cash | (693,406)
Cash, beginning of the period | 1,214,555
Cash, end of the period | 521,149
Non-cash financing transactions: |
Increase in redemption value of shares subject to possible redemption | 3,743,935
Federal income tax paid | $ 510,000

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