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Statement of Cash Flows
11 Months Ended 12 Months Ended
Dec. 31, 2021
USD ($)
Dec. 31, 2022
USD ($)
Cash flows from operating activities:    
Net income $ 4,347,000 $ 12,707,000
Adjustments to reconcile net income to net cash used in operating activities:    
Payment by Founders of formation costs 5,000 0
Income from cash and investments held in Trust Account (4,000) (2,942,000)
Warrant liability issuance costs 491,000 0
Change in fair value of warrant liability (5,125,000) (10,455,000)
Changes in operating assets and liabilities:    
Decrease (increase) in prepaid expenses (409,000) 242,000
Increase in accounts payable (excluding offering costs of $107,000 in 2021) 40,000 33,000
Increase (decrease) in accrued liabilities 79,000 (60,000)
Net cash used in operating activities (576,000) (475,000)
Cash flows used in investing activities:    
Cash deposited in Trust Account (204,000,000) (204,000,000)
Net cash used in operating activities (204,000,000)  
Cash flows from financing activities:    
Proceeds from Sponsor Note 240,000 0
Proceeds from sale of Units to the public 200,000,000 0
Proceeds from sale of Private Placement Warrants 10,500,000 0
Payment of underwriting discounts (4,000,000) 0
Payment of deferred offering costs (598,000) (107,000)
Payment of Note payable to Sponsor (240,000) 0
Net cash (used in) provided by financing activities 205,902,000 (107,000)
Net change in cash 1,326,000 (582,000)
Cash at beginning of period 0 1,326,000
Cash at end of period 1,326,000 744,000
Supplemental disclosure of non-cash financing activities:    
Deferred offering costs included in accounts payable 107,000 0
Deferred underwriters' compensation (reduction) 7,000,000 (3,325,000)
Remeasurement of carrying value to redemption value of Class A Ordinary shares subject to redemption $ 0 $ 2,942,000