XML 11 R2.htm IDEA: XBRL DOCUMENT v3.23.2
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Current assets    
Cash $ 224,489 $ 406,126
Prepaid expenses 3,536 126,667
Total current assets 228,025 532,793
Cash and investments held in trust account 3,923,804 278,836,080
TOTAL ASSETS 4,151,829 279,368,873
Current liabilities    
Accrued expenses 2,833,412 767,253
Income taxes payable 49,175
Promissory note – related party 347,961
Total current liabilities 3,230,548 767,253
Derivative liabilities 722,400 11,275,369
Deferred underwriting fee payable 9,660,000
TOTAL LIABILITIES 3,952,948 21,702,622
Class A common stock subject to possible redemption, 387,551 and 27,600,000 shares at $10.10 per share redemption value as of December 31, 2022 and 2021, respectively 3,914,265 278,760,000
Stockholders’ Deficit    
Preferred stock, $0.0001 par value; 2,000,000 shares authorized; none issued or outstanding
Class B common stock, $0.0001 par value; 20,000,000 shares authorized; 6,900,000 shares issued and outstanding at December 31, 2022 and 2021 690 690
Additional paid-in capital
Accumulated deficit (3,716,074) (21,094,439)
Total Stockholders’ Deficit (3,715,384) (21,093,749)
TOTAL LIABILITIES, CLASS A COMMON STOCK SUBJECT TO POSSIBLE REDEMPTION AND STOCKHOLDERS’ DEFICIT $ 4,151,829 $ 279,368,873