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RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENT (Tables)
12 Months Ended
Dec. 31, 2022
RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENT  
Schedule of impact of restatement on statements of operations, statements of changes in stockholders' deficit and statements of cash flows

For the Year Ended December 31, 2022

    

As

   

    

Previously

Restatement

As

Reported

Adjustment

Restated

Statement of Operations

Gain on forgiveness of deferred underwriting fee payable

    

3,767,400

    

3,604,829

    

162,571

Total other income (expenses)

 

14,189,108

 

(3,604,829)

 

10,584,279

Income before provision for income taxes

10,863,503

(3,604,829)

7,258,674

Net income

 

9,980,174

 

(3,604,829)

 

6,375,345

Basic and diluted weighted average shares outstanding — Class A ordinary shares

 

27,600,000

 

 

27,600,000

Basic and diluted earnings per share — Class A ordinary shares

$

0.29

$

(0.11)

 

$

0.18

Basic and diluted weighted average shares outstanding — Class B ordinary shares

 

6,900,000

 

 

6,900,000

Basic and diluted earnings per share — Class B ordinary shares

$

0.29

$

(0.11)

 

$

0.18

    

Additional Paid-in Capital

Accumulated Deficit

As Previously

   

    

As

    

As Previously

    

    

As

Reported

Adjustment

Restated

Reported

Adjustment

Restated

Statement of Changes in Stockholders’ Deficit

Balance – December 31, 2021

$

32,000

$

$

32,000

$

(16,962,545)

$

$

(16,962,545)

Net income

9,980,174

(3,604,829)

6,375,345

Accretion of Class A common stock to redemption value

 

 

(2,487,272)

3,604,829

 

1,117,557

Balance – December 31, 2022

 

$

32,000

 

$

$

32,000

$

(9,469,643)

$

 

$

(9,469,643)

For the Year Ended December 31, 2022

    

As Previously

    

Restatement

    

As

Reported

Adjustment

Restated

Statement of Cash Flow

Net Income

 

9,980,174

 

(3,604,829)

 

6,375,345

Gain on forgiveness of deferred underwriting fee payable

 

(3,767,400)

 

(3,604,829)

 

(162,571)

Supplemental disclosure of noncash activities:

Forgiveness of deferred underwriting fee payable allocated to Class A common stock

3,604,829

3,604,829