XML 19 R11.htm IDEA: XBRL DOCUMENT v3.24.0.1
Statements of Cash Flows - USD ($)
 10 Months Ended 12 Months Ended
Dec. 31, 2021
Dec. 31, 2022
Cash Flows from Operating Activities    
Net income (loss) $ (2,633,699) $ 9,759,713
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Gain on marketable securities, dividends and interest, held in Trust Account (20,844) (2,395,202)
Transaction costs allocated to derivative warrant liability 396,497
Formation costs funded by note payable through Sponsor 22,347
Gain on settlement of underwriting fees (202,458)
Change in fair value of derivative liabilities 1,978,800 (11,625,960)
Formation costs paid in exchange for issuance of ordinary shares 20,421
Changes in operating assets and liabilities:    
Prepaid and other assets (702,920) 390,272
Accounts payable 2,810 673,842
Accrued expenses 97,074 2,953,176
Net cash provided by (used in) operating activities (839,514) (446,617)
Cash Flows from Investing Activities    
Investment of cash into Trust Account (232,300,000)
Net cash provided by investing activities (232,300,000)
Cash Flows from Financing Activities    
Proceeds from promissory note payable - related party 65,000
Repayment of promissory note payable - related party (5,000) (8,461)
Proceeds from sale of Class A ordinary shares, gross 230,000,000
Proceeds from sale of Private Placement Warrants 8,900,000
Offering costs paid (5,317,282)
Net cash used in financing activities 233,642,718 (8,461)
Net decrease in cash 503,204 (455,078)
Cash - beginning of period 503,204
Cash - end of period 503,204 48,126
Supplemental disclosure of noncash investing and financing activities:    
Initial Class A shares subject to possible redemption 202,381,098
Remeasurement of Class A shares to redemption value 29,918,902 2,316,046
Offering costs included in accrued expenses 83,237
Offering costs paid through promissory note - related party 126,114
Offering costs paid through prepaid legal expense funded by sponsor 4,579
Offering costs on Founder Shares offered to Anchor Investors 8,306,250
Deferred legal fees 343,437
Deferred underwriting fees payable 8,050,000
Initial derivative warrant liabilities 10,261,200
Gain on settlement of underwriting fees $ (7,847,542)