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Significant Accounting Policies (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2023
Dec. 31, 2022
Significant Accounting Policies    
Schedule of changes in Class A common stock subject to possible redemption

Shares

Amount

Class A common stock subject to possible redemption at January 1, 2022

    

34,500,000

    

$

351,900,000

Plus:

 

  

Increase in redemption value of shares subject to possible redemption

 

218,133

Class A common stock subject to possible redemption at June 30, 2022

34,500,000

$

352,118,133

Class A common stock subject to possible redemption at January 1, 2023

 

34,500,000

$

355,643,935

Plus:

 

Increase in redemption value of shares subject to possible redemption

 

4,450,363

Less:

Decrease due to share redemption

(30,460,066)

(317,387,323)

Class A common stock subject to possible redemption at June 30, 2023

4,039,934

$

42,706,975

At December 31, 2022 and 2021, the Class A common stock reflected in the balance sheets is reconciled in the following table:

Gross proceeds

    

$

345,000,000

Less:

 

  

Deferred underwriting costs, net of amounts attributable to warrant liability

(11,431,342)

Paid underwriting fees, net of amounts attributable to warrant liability

(6,532,196)

Proceeds allocated to Public Warrants

(18,390,225)

Other offering costs paid

 

(516,291)

Plus:

 

  

Remeasurement of shares subject to redemption

43,770,054

Class A common stock subject to possible redemption, December 31, 2021

351,900,000

Plus:

Increase in redemption value of shares subject to possible redemption

3,743,935

Class A common stock subject to possible redemption, December 31, 2022

$

355,643,935

Schedule of reconciliation of net (loss) income per common share

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 (loss) income

$

(17,308)

$

(9,681)

$

5,903,962

$

1,475,991

 

 

 

 

Denominator:

 

 

 

 

Weighted-average shares outstanding

15,420,618

8,625,000

34,500,000

8,625,000

Basic and diluted net (loss) income per share

$

(0.00)

$

(0.00)

$

0.17

$

0.17

For the Six Months Ended June 30,

2023

2022

    

Class A

    

Class B

    

Class A

    

Class B

Basic and diluted net income per share

Numerator:

Allocation of net income

$

1,389,063

$

481,005

$

12,445,575

$

3,111,393

Denominator:

 

  

 

  

 

  

 

  

Weighted-average shares outstanding

 

24,907,604

 

8,625,000

 

34,500,000

 

8,625,000

Basic and diluted net income per share

$

0.06

$

0.06

$

0.36

$

0.36

Net income per common share is as follows:

Period from February 18, 2021

(inception) through

Year ended December 31, 2022

December 31, 2021

    

Class A

    

Class B

     

Class A

Class B

Basic and diluted net income per share

 

  

 

  

Numerator:

 

  

 

  

Allocation of net income (Basic net income per share)

$

19,405,027

$

4,851,257

$

4,040,620

$

5,128,985

Dilutive effect of contingently issued stock

$

$

$

(47,817)

$

47,817

Allocation of net income (Diluted net income per share)

$

19,405,027

$

4,851,257

$

3,992,803

$

5,176,802

Denominator

 

  

 

  

Basic weighted-average shares outstanding

 

34,500,000

 

8,625,000

5,876,972

7,459,967

Dilutive effect of contingently issued stock

159,723

Diluted weighted-average shares outstanding

34,500,000

8,625,000

5,876,972

7,619,690

Basic net income per share

$

0.56

$

0.56

$

0.69

$

0.69

Diluted net income per share

$

0.56

$

0.56

$

0.68

$

0.68