XML 28 R18.htm IDEA: XBRL DOCUMENT v3.23.2
Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2023
Accounting Policies [Abstract]  
Summary of Reconciliation of Class A common Stock Subject to Possible Redemption
At June 30, 2023 and December 31, 2022, the Class A common stock reflected in the balance sheets is reconciled in the following table:
 
Gross proceeds
   $ 300,000,000  
Less:
        
Proceeds allocated to Public Warrants
     (15,600,000
Class A common stock issuance costs
     (21,504,526
Redemption of Class A common stock
     (293,509,365
Plus:
        
Remeasurement of carrying value to redemption value
     41,003,672  
    
 
 
 
Class A common stock subject to possible redemption at December 31, 2022
  
 
10,389,781
 
Plus:
        
Remeasurement of carrying value to redemption value
     61,616  
    
 
 
 
Class A common stock subject to possible redemption at March 31, 2023
  
 
10,451,397
 
Less:
        
Redemption of Class A common stock
     (2,515,240
Plus:
        
Remeasurement of carrying value to redemption value
     8,202  
    
 
 
 
Class A common stock subject to possible redemption at June 30, 2023
  
$
7,944,359
 
    
 
 
 
Summary of Basic and Diluted Loss Per Share
The following table reflects the calculation of basic and diluted net (loss) income per share of common stock (in dollars, except per share amounts):
 
    
For the Three Months Ended June 30,
 
    
2023
    
2022
 
    
Class A
    
Class B and
non-redeemable

Class A
    
Class A
    
Class B
 
Basic and diluted net (loss) income per share of common stock
           
Numerator:
           
Allocation of net (loss) income, as adjusted
   $ (84,586 )    $ (946,276 )    $ 104,581      $ 39,090  
Denominator:
           
Basic and diluted weighted average shares outstanding
     1,002,336        11,213,333        30,000,000        11,213,333  
  
 
 
    
 
 
    
 
 
    
 
 
 
Basic and diluted net (loss) income per share of common stock
   $ (0.08    $ (0.08    $ 0.00      $ 0.00  
 
    
For the Six Months Ended June 30,
 
    
2023
    
2022
 
    
Class A
    
Class B and
non-redeemable

Class A
    
Class A
    
Class B
 
Basic and diluted net loss per share of common stock
           
Numerator:
           
Allocation of net loss, as adjusted
   $ (289,316 )    $ (3,223,749 )    $ (1,368    $ (511
Denominator:
           
Basic and diluted weighted average shares outstanding
     1,006,341        11,213,333        30,000,000        11,213,333  
  
 
 
    
 
 
    
 
 
    
 
 
 
Basic and diluted net loss per share of common stock
   $ (0.29    $ (0.29    $ (0.00    $ (0.00