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CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION (Tables)
9 Months Ended
Sep. 30, 2022
CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION  
Summary of reconciliation of Class A common stock reflected on the balance sheet

Gross proceeds

$

230,000,000

Less:

 

Proceeds allocated to public warrants

 

(8,050,000)

Class A ordinary shares issuance costs

 

(12,696,687)

Plus:

 

Accretion of carrying value to redemption value

 

20,746,687

Class A ordinary shares subject to possible redemption at December 31, 2021

$

230,000,000

Increase in redemption value of Class A ordinary shares subject to possible redemption

226,779

Class A ordinary shares subject to possible redemption at June 30, 2022

$

230,226,779

Increase in redemption value of Class A ordinary shares subject to possible redemption

969,796

Class A ordinary shares subject to possible redemption at September 30, 2022

$

231,196,575