XML 35 R25.htm IDEA: XBRL DOCUMENT v3.23.2
Derivative Warrant Liabilities (Details Narrative) - USD ($)
$ / shares in Units, $ in Millions
6 Months Ended
Aug. 16, 2021
Jun. 30, 2023
Jun. 30, 2022
Mar. 27, 2023
Dec. 31, 2022
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]          
Warrant description   The Public Warrants will become exercisable on the later of (a) 30 days after the consummation of a Business Combination or (b) 12 months from the closing of the IPO. The Public Warrants will expire five years from the consummation of a Business Combination or earlier upon redemption or liquidation.      
Public warrant price per share   $ 0.01      
Common stock par value   $ 18.00   $ 0.0001  
Derivative liability description   The Private Placement Warrants are identical to the Public Warrants underlying the Units sold in the IPO, except that the Private Placement Warrants and the ordinary shares issuable upon exercise of the Private Placement Warrants, so long as they are held by the Initial Shareholders or their permitted transferees, (i) will not be redeemable by the Company, (ii) may not (including the Class A ordinary shares issuable upon exercise of these warrants), subject to certain limited exceptions, be transferred, assigned or sold by the holders until 30 days after the completion of the initial Business Combination, (iii) may be exercised by the holders on a cashless basis and (iv) will be entitled to registration rights. If the Private Placement Warrants are held by holders other than the Sponsor or its permitted transferees, the Private Placement Warrants will be redeemable by the Company and exercisable by the holders on the same basis as the Public Warrants.      
Common Class A [Member]          
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]          
Common stock par value   $ 0.0001     $ 0.0001
Warrant agreement issuance   70.00%      
IPO [Member]          
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]          
Sale of stock description   the Company issues additional shares of Class A ordinary shares or equity-linked securities for capital raising purposes in connection with the closing of its initial Business Combination at an issue price or effective issue price of less than $9.20 per Class A ordinary share (with such issue price or effective issue price to be determined in good faith by the Company’s board of directors and, in the case of any such issuance to the Sponsor or its affiliates, without taking into account any Founder Shares held by the Sponsor or such affiliates, as applicable, prior to such issuance) (the “Newly Issued Price”), (y) the aggregate gross proceeds from such issuances represent more than 60% of the total equity proceeds, and interest thereon, available for the funding of the Company’s initial Business Combination on the date of the consummation of such initial Business Combination (net of redemptions), and (z) the volume weighted average trading price of the Company’s ordinary shares during the 20 trading day period starting on the trading day prior to the day on which the Company consummates its initial Business Combination (such price, the “Market Value”) is below $9.20 per share, the exercise price of the warrants will be adjusted (to the nearest cent) to be equal to 115% of the higher of the Market Value and the Newly Issued Price and the $18.00 per share redemption trigger price described above will be adjusted (to the nearest cent) to be equal to 180% of the greater of the Market Value and the Newly Issued Price.      
Number of warrants issued 17,260,000 17,260,000      
Public Warrant [Member]          
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]          
Warrants outstanding   11,500,000      
Common stock par value   $ 11.50      
Number of warrants issued   11,500,000      
Private Placement Warrants [Member]          
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]          
Warrants outstanding   5,760,000      
Number of warrants issued 5,760,000 5,760,000      
Warrant [Member]          
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]          
Gain on warrant liability revaluation   $ 0.2 $ 3.0