SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2022

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Class A Ordinary Shares Subject to Possible Redemption

At December 31, 2022, the Class A ordinary shares reflected in the balance sheets are reconciled in the following table:

Gross proceeds	$	287,500,000
Less:
Proceeds allocated to Public Warrants		(7,043,750	)
Class A ordinary shares issuance costs		(20,235,416	)
Plus:
Accretion of carrying value to redemption value		33,029,166
Remeasurement of carrying value to redemption value		4,369,343
Class A ordinary shares subject to possible redemption, December 31, 2022	$	297,619,343

Basic and Diluted Net Income (Loss) per Ordinary Share

The following table reflects the calculation of basic and diluted net income (loss) per ordinary share (in dollars, except per share amounts):

	Year Ended December 31, 2022				For the Period from February 5, 2021 (inception) through December 31, 2021
	Class A		Class B		Class A		Class B
Basic and diluted net income (loss) per ordinary share
Numerator:
Allocation of net income (loss), as adjusted	$	10,772,030	$	4,011,273	$	—	$	(15,786	)
Denominator:
Basic and diluted weighted average shares outstanding		26,780,822		9,972,603		—		8,590,090
Basic and diluted net income (loss) per ordinary share	$	0.40	$	0.40	$	—	$	(0.00	)