v3.23.1
STATEMENTS OF CASH FLOWS - USD ($)
10 Months Ended 12 Months Ended
Dec. 31, 2021
Dec. 31, 2022
Cash Flows from Operating Activities:    
Net income $ 9,844,647 $ 16,989,964
Adjustments to reconcile net income to net cash used in operating activities:    
General and administrative expenses paid in exchange for issuance of Class B ordinary shares to Sponsor 25,000 0
General and administrative expenses paid by Sponsor under working capital loan 0 24,014
General and administrative expenses paid by Sponsor under promissory note 48,086 0
Change in fair value of derivative warrant liabilities (15,378,000) (13,962,445)
Loss upon issuance of private placement warrants 4,368,000 0
Offering costs associated with derivative warrant liabilites 946,981 0
Change in fair value of working capital loan - related party 0 (729,377)
Income from investments held in Trust Account (723) (3,363,571)
Changes in operating assets and liabilities:    
Prepaid expenses (23,767) (539,618)
Accounts payable 6,000 9,803
Accrued expenses 72,111 (155,185)
Net cash used in operating activities (91,665) (1,726,415)
Cash Flows from Investing Activities:    
Cash deposited in Trust Account (234,600,000) 0
Net cash used in investing activities (234,600,000) 0
Cash Flows from Financing Activities:    
Repayment of promissory note to Sponsor (236,266) 0
Proceeds received from initial public offering, gross 230,000,000 0
Proceeds received from private placement 11,200,000 0
Offering costs paid (5,330,277) 0
Proceeds received from working capital loan - related party 0 784,623
Net cash provided by financing activities 235,633,457 784,623
Net change in cash 941,792 (941,792)
Cash - beginning of the period 0 941,792
Cash - end of the period 941,792 0
Supplemental disclosure of non-cash investing and financing activities:    
Deferred offering costs included in accrued expenses 85,000 0
Deferred offering costs paid by Sponsor under promissory note 188,180 0
Deferred underwriting fees 8,050,000 0
Accretion of Class A ordinary shares to redemption amount 32,256,476 0
Remeasurement of Class A ordinary shares to redemption value $ 0 $ 3,264,294