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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Jun. 30, 2023
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Schedule of common stock subject to possible redemption

Class A common stock subject to possible redemption, December 31, 2022

$

278,487,272

Plus:

Waiver of Class A shares issuance costs

 

4,436,712

Less:

Redemption

(258,999,909)

Accretion of carrying value to redemption value

(2,730,680)

Class A common stock subject to possible redemption, June 30, 2023

$

21,193,395

Schedule of reconciliation of the net income (loss) per share of common stock

For the Three Months Ended June 30,

For the Six Months Ended June 30,

2023

2022

2023

2022

    

Class A

    

Class B

    

Class A

    

Class B

    

Class A

    

Class B

    

Class A

    

Class B

Basic and diluted net (loss) income per common share

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

Allocation of net (loss) income

$

(886,698)

$

(3,055,639)

$

1,493,683

$

373,421

$

(2,264,201)

$

(2,066,651)

$

3,712,398

$

928,099

Denominator

 

 

 

 

 

 

 

 

Weighted-average shares outstanding

2,002,272

6,900,000

27,600,000

6,900,000

7,559,570

6,900,000

27,600,000

6,900,000

Basic and diluted net (loss) income per common share

$

(0.44)

$

(0.44)

$

0.05

$

0.05

$

(0.30)

$

(0.30)

$

0.13

$

0.13