SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2023

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Class A Ordinary Shares Subject to Possible Redemption

At June 30, 2023 and December 31, 2022, the Class A ordinary shares reflected in the condensed 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
Less:
Redemption of Class A shares		(258,531,801	)
Plus:
Remeasurement of carrying value to redemption value		4,592,389
Class A ordinary shares subject to possible redemption, June 30, 2023	$	43,679,931

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):

	Three Months Ended June 30,								Six Months Ended June 30,
	2023				2022				2023				2022
	Class A		Class B		Class A		Class B		Class A		Class B		Class A		Class B
Basic and diluted net income per ordinary share
Numerator:
Allocation of net income	$	1,114,674	$	157,524	$	2,211,695	$	774,093	$	1,671,849	$	451,682	$	7,213,368	$	2,876,501
Denominator:
Basic and diluted weighted average shares outstanding		17,616,665		2,489,560		28,750,000		10,062,500		23,152,577		6,255,110		24,779,006		9,881,215
Basic and diluted net income per ordinary share	$	0.06	$	0.06	$	0.08	$	0.08	$	0.07	$	0.07	$	0.29	$	0.29