XML 25 R15.htm IDEA: XBRL DOCUMENT

Restatement of Previously Issued Financial Statements (Unaudited)

9 Months Ended

Sep. 30, 2023

Restatement of Previously Issued Financial Statements (Unaudited)

Restatement of Previously Issued Financial Statements (Unaudited)

Note 8 — Restatement of Previously Issued Financial Statements (Unaudited)

In connection with the preparation of the Company’s financial statements as of December 31, 2022, management identified an error made in its historical financial statements where, certain accounting costs not direct or incremental to the preparation of the Company’s initial public offering were incorrectly accounted for as offering costs. The Company restated the Balance Sheets, Statements of Operations, and Statements of Cash Flows by reclassifying certain accounting costs not direct or incremental to the preparation of the Company’s initial public offering from deferred offering costs to formation and operating costs for the unaudited interim periods for the nine-months ended September 30, 2022, previously included in the Company’s Registration Statement on Form S-1.


	As Previously
	Reported	Adjustment	As Restated
As of September 30, 2022
Balance Sheet:
Deferred offering costs	602,384	(46,655)	555,729
Accrued offering costs	425,679	(46,655)	379,024
Accrued expenses	—	46,655	46,655
Accumulated deficit	(5,159)	(46,655)	(51,814)

For the nine months ended September 30, 2022
Statement of Operations:
Formation and operating costs	100	46,655	46,755
Net loss	(100)	(46,655)	(46,755)
Basic and diluted net loss per Class B ordinary share	(0.00)	(0.01)	(0.01)
Statement of Cash Flows
Net loss	(100)	(46,655)	(46,755)
Cash flow from operating activities
Accrued expenses	—	46,655	46,655
Supplemental disclosure of non-cash financing activities
Deferred offering costs included in accrued offering costs	602,384	(46,655)	555,729