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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

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

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$

278,487,272

Plus:

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Waiver of Class A shares issuance costs

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4,436,712

Less:

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Redemption

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(258,999,909)

Accretion of carrying value to redemption value

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(2,730,680)

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

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$

21,193,395

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

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For the Three Months Ended June 30,

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For the Six Months Ended June 30,

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2023

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2022

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2023

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2022

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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

 

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Numerator:

 

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Allocation of net (loss) income

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$

(886,698)

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$

(3,055,639)

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$

1,493,683

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$

373,421

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$

(2,264,201)

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$

(2,066,651)

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$

3,712,398

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$

928,099

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Denominator

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Weighted-average shares outstanding

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2,002,272

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6,900,000

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27,600,000

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6,900,000

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7,559,570

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6,900,000

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27,600,000

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6,900,000

Basic and diluted net (loss) income per common share

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$

(0.44)

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$

(0.44)

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$

0.05

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$

0.05

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$

(0.30)

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$

(0.30)

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$

0.13

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$

0.13

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