Basis of Presentation and Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2023

Basis of Presentation and Summary of Significant Accounting Policies

Schedule of reconciliation of Class A ordinary shares reflected on the balance sheets

As of March 31, 2023 and December 31, 2022, the amounts of Class A ordinary shares reflected on the condensed balance sheets are reconciled in the following table:

Gross proceeds from Initial Public Offering	$	230,000,000
Less:
Fair value of Public Warrants at issuance		(8,740,000)
Offering costs allocated to Class A ordinary shares subject to possible redemption		(5,469,344)
Plus:
Deemed dividend - increase in redemption value of Class A ordinary shares subject to possible redemption		18,809,344
Class A ordinary shares subject to possible redemption, December 31, 2021		234,600,000
Plus:
Deemed dividend - increase in redemption value of Class A ordinary shares subject to possible redemption		3,096,114
Class A ordinary shares subject to possible redemption, December 31, 2022		237,696,114
Plus:
Deemed dividend - increase in redemption value of Class A ordinary shares subject to possible redemption		2,613,317
Class A ordinary shares subject to possible redemption, March 31, 2023	$	240,309,431

Schedule of reconciliation of the numerator and denominator used to compute basic and diluted net income (loss) per share

The table below presents a reconciliation of the numerator and denominator used to compute basic and diluted net income per share for each class of ordinary shares:

	For the three months ended March 31,
	2023				2022
	Class A		Class B		Class A		Class B
Basic and diluted net income per ordinary share:
Numerator:
Allocation of net income	$	2,246,509	$	561,627	$	1,977,543	$	494,386
Denominator:
Basic and diluted weighted average ordinary shares outstanding		23,000,000		5,750,000		23,000,000		5,750,000
Basic and diluted net income per ordinary share	$	0.10	$	0.10	$	0.09	$	0.09