XML 18 R8.htm IDEA: XBRL DOCUMENT v3.23.1
STATEMENTS OF CASH FLOWS - USD ($)
11 Months Ended 12 Months Ended
Dec. 31, 2021
Dec. 31, 2022
Cash Flows from Operating Activities:    
Net income (loss) $ (15,786) $ 14,783,303
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Formation cost paid by Sponsor in exchange for issuance of founder shares 5,000 0
Interest earned on marketable securities held in Trust Account 0 (4,308,298)
Unrealized loss on marketable securities held in Trust Account 0 (61,045)
Change in fair value of warrant liabilities 0 (12,866,250)
Transaction cost incurred in connection with IPO 0 536,190
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 0 (187,750)
Accrued expenses 0 1,213,665
Net cash used in operating activities (10,786) (890,185)
Cash Flows from Investing Activities:    
Investment of cash in Trust Account 0 (293,250,000)
Net cash used in investing activities 0 (293,250,000)
Cash Flows from Financing Activities:    
Proceeds from sale of Units, net of underwriting discounts paid 0 282,500,000
Proceeds from sale of Private Placements Warrants 0 13,000,000
Proceeds from promissory note - related party 208,500 41,615
Repayment of promissory note - related party 0 (250,115)
Payment of offering costs (197,556) (359,050)
Net cash provided by financing activities 10,944 294,932,450
Net Change in Cash 158 792,265
Cash - Beginning of period 0 158
Cash - End of period 158 792,423
Non-Cash investing and financing activities:    
Deferred offering costs included in accrued offering costs 124,308 70,000
Deferred offering costs paid by Sponsor in exchange for the issuance of Class B ordinary shares 20,000 0
Initial classification of Class A ordinary share subject to possible redemption 0 293,250,000
Change in value of Class A ordinary share subject to possible redemption 0 4,369,343
Deferred underwriting fee payable $ 0 $ 15,125,000