XML 16 R6.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 $ 3,551,856 $ 6,166,615
Adjustments to reconcile net income to net cash used in operating activities:    
General and administrative expenses paid in exchange for issuance of Class B ordinary shares to Sponsor 25,000  
General and administrative expenses paid by related party under promissory note 15,009  
Offering costs associated with warrants 324,004  
Change in fair value of derivative liabilities (4,713,929) (5,658,011)
Change in fair value of forward purchase agreement 76,415 60,865
Loss on forward purchase agreement 3,062  
Income from investments held in Trust Account (25,705) (2,241,884)
Changes in operating assets and liabilities:    
Prepaid expenses (1,213,157) 831,216
Accounts payable (11,037) 334,643
Due to related party   20,401
Accrued expenses (177,909) (44,840)
Net cash used in operating activities (2,146,391) (530,995)
Cash Flows from Investing Activities:    
Cash deposited in Trust Account (145,187,500)  
Net cash used in investing activities (145,187,500)  
Cash Flows from Financing Activities:    
Proceeds from note payable to related party 25,000 0
Repayment of note payable to related party (191,287)  
Proceeds received from initial public offering, gross 143,750,000  
Proceeds received from private placement 8,012,500  
Offering costs paid (2,963,295) (90,000)
Net cash provided by financing activities 148,632,918 (90,000)
Net change in cash 1,299,027 (620,995)
Cash - beginning of the period 0 1,299,027
Cash - end of the period 1,299,027 $ 678,032
Supplemental disclosure of non-cash financing activities:    
Offering costs included in accrued expenses 90,000  
Offering costs paid by related party under promissory note 151,277  
Deferred underwriting commissions $ 5,031,250