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Restatement of Previously Issued Financial Statements (Tables)
12 Months Ended
Dec. 31, 2022
Restatement of Previously Issued Financial Statements [Abstract]  
Restatement of Previously Issued Financial Statements
The impact of the restatement on the statements of operations, statements of changes in shareholders’ deficit and statements of cash flows for the Affected Period is presented below. The restatement had no impact on net cash flows from operating, investing or financing activities.

Statements of Operations:


 
 
For the Three Months Ended September 30, 2022 (unaudited)
 
 
 
As Previously Reported
   
Restatement Adjustment
   
As Restated
 
 
                 
Loss from operations
  $
(180,405
)
  $
-
    $
(180,405
)
Gain from settlement of deferred underwriting commissions
   
2,616,250
     
(2,616,250
)
   
-
 
Unrealized gain on investments held in Trust Account
   
745,227
     
-
     
745,227
 
Net income
 
$
3,181,072
   
$
(2,616,250
)
 
$
564,822
 
 
                       
Basic and diluted weighted average shares outstanding of Class A ordinary shares
   
15,449,000
      -
     
15,449,000
 
Basic and diluted net income per share, Class A ordinary share
 
$
0.17
   
$
(0.14
)
 
$
0.03
 
Basic and diluted weighted average shares outstanding of Class B ordinary shares
   
3,737,500
      -      
3,737,500
 
Basic and diluted net income per share, Class B ordinary share
 
$
0.17
   
$
(0.14
)
 
$
0.03
 
 
                       


 
 
For the Nine Months Ended September 30, 2022 (unaudited)
 
 
 
As Previously Reported
   
Restatement Adjustment
   
As Restated
 
 
                 
Loss from operations
  $
(737,938
)
  $
-
    $
(737,938
)
Gain from settlement of deferred underwriting commissions
   
2,616,250
     
(2,616,250
)
   
-
 
Unrealized gain on investments held in Trust Account
   
895,570
     
-
     
895,570
 
Net income
 
$
2,773,882
   
$
(2,616,250
)
 
$
157,632
 
 
                       
Basic and diluted weighted average shares outstanding of Class A ordinary shares
   
15,449,000
      -      
15,449,000
 
Basic and diluted net income per share, Class A ordinary share
 
$
0.14
   
$
(0.13
)
 
$
0.01
 
Basic and diluted weighted average shares outstanding of Class B ordinary shares
   
3,737,500
      -      
3,737,500
 
Basic and diluted net income per share, Class B ordinary share
 
$
0.14
   
$
(0.13
)
 
$
0.01
 


Statements of Changes in Shareholders’ Deficit

For the three months ended September 30, 2022
 
 
                                                     
 
 
Ordinary Shares
   
Additional Paid-in Capital
   
Accumulated Deficit
   
Total Shareholder's Deficit
 
 
 
Class A
   
Class B
   
As Previously Reported
   
Restatement Adjustment
   
As Restated
 
 
 
Shares
   
Amount
   
Shares
   
Amount
 
Balance - June 30, 2022 (unaudited)
   
499,000
    $
50
     
3,737,500
    $
374
    $
-
    $
(10,805,600
)
  $
-
    $
(10,805,600
)
  $
(10,805,176
)
Adjustment of accretion of Class A ordinary shares subject to possible redemption
   
-
     
-
     
-
     
-
     
-
     
(745,227
)
   
2,616,250
     
1,871,023
     
1,871,023
 
Net income
   
-
     
-
     
-
     
-
     
-
     
3,181,072
     
(2,616,250
)
   
564,822
     
564,822
 
Balance - September 30, 2022 (unaudited)
   
499,000
   
$
50
     
3,737,500
   
$
374
   
$
-
   
$
(8,369,755
)
 
$
-
   
$
(8,369,755
)
 
$
(8,369,331
)

For the nine months ended September 30, 2022
 
 
                                                     
 
 
Ordinary Shares
   
Additional Paid-in Capital
   
Accumulated Deficit
   
Total Shareholder's Deficit
 
 
 
Class A
   
Class B
   
As Previously Reported
   
Restatement Adjustment
   
As Restated
 
 
 
Shares
   
Amount
   
Shares
   
Amount
 
Balance - December 31, 2021
   
499,000
    $
50
     
3,737,500
    $
374
    $
-
    $
(10,295,731
)
  $
-
    $
(10,295,731
)
  $
(10,295,307
)
Adjustment of accretion of Class A ordinary shares subject to possible redemption
   
-
     
-
     
-
     
-
     
-
     
(847,906
)
   
2,616,250
     
1,768,344
     
1,768,344
 
Net income
   
-
     
-
     
-
     
-
     
-
     
2,773,882
     
(2,616,250
)
   
157,632
     
157,632
 
Balance - September 30, 2022 (unaudited)
   
499,000
   
$
50
     
3,737,500
   
$
374
   
$
-
   
$
(8,369,755
)
 
$
-
   
$
(8,369,755
)
 
$
(8,369,331
)


Statements of Cash Flow

 
 
 
For the Nine Months Ended September 30, 2022 (unaudited)
 
 
 
As Previously Reported
   
Restatement Adjustment
   
As Restated
 
Cash Flows from Operating Activities:
                 
Net income
 
$
2,773,882
   
$
(2,616,250
)
 
$
157,632
 
Adjustments to reconcile net income to net cash used in operating activities:
                       
Gain from settlement of deferred underwriting commissions
   
(2,616,250
)
   
2,616,250
     
-
 
Unrealized gain on investments held in Trust Account
   
(895,570
)
   
-
     
(895,570
)
Changes in operating assets and liabilities
    304,828       -      
304,828
 
Net cash used in operating activities
   
(433,110
)
   
-
     
(433,110
)
 
                       
Net cash used in financing activities
   
(45,000
)
   
-
     
(45,000
)
 
                       
Net change in cash
   
(478,110
)
   
-
     
(478,110
)
 
                       
Cash - beginning of the period
   
501,242
     
-
     
501,242
 
Cash - end of the period
 
$
23,132
   
$
-
   
$
23,132
 
 
                       
Supplemental disclosure of noncash investing and financing activities:
                       
Extinguishment of deferred underwriting commissions allocated to public shares
 
$
-
   
$
2,616,250
   
$
2,616,250