SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 31, 2023

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Class A Ordinary Shares subject to Possible Redemption

At March 31, 2023 and December 31, 2022, the Class A ordinary shares reflected in the balance sheets is reconciled in the following table:

Gross proceeds	$	345,000,000
Less:
Issuance costs allocated to Class A ordinary shares		(32,658,945	)
Proceeds allocated to Public Warrants		(11,212,500	)
		(43,871,445	)
Plus:
Remeasurement adjustment of carrying value to redemption value		43,902,292
Balance, December 31, 2021	$	345,030,847
Remeasurement adjustment of carrying value to redemption value		5,137,492
Balance, December 31, 2022		350,168,339
Remeasurement adjustment of carrying value to redemption value		3,767,513
Balance, March 31, 2023	$	353,935,852

Basic and Diluted Net Income (Loss) Per Ordinary Share

The following table reflects the calculation of basic and diluted net income per ordinary share (in dollars, except per share amounts) for the three months ended March 31, 2023:

	For the Three Months Ended March 31, 2023
Net income	$	2,801,083
Accretion of temporary equity to redemption value		(3,767,513	)
Net loss including accretion of temporary equity to redemption value	$	(966,430	)

	For the Three Months Ended
	March 31, 2023
	Redeemable			Non-Redeemable
Basic and diluted net income per share:
Numerator:
Allocation of net loss including accretion of temporary equity	$	(773,144	)	$	(193,286	)
Allocation of accretion of temporary equity to Class A Ordinary shares		3,767,513			-
Allocation of net income (loss)	$	2,994,369		$	(193,286	)
Denominator:
Weighted-average shares outstanding		34,500,000			8,625,000
Basic and diluted net income (loss) per ordinary share	$	0.09		$	(0.02	)

The following table reflects the calculation of basic and diluted net loss per ordinary share (in dollars, except per share amounts) for the three months ended March 31, 2022:

	For the Three Months Ended March 31, 2022
Net income	$	5,657,484
Accretion of temporary equity to redemption value		(59,056	)
Net income including accretion of temporary equity to redemption value	$	5,598,428

	For the Three Months Ended
	March 31, 2022
	Redeemable		Non-Redeemable
Basic and diluted net income per share:
Numerator:
Allocation of net income including accretion of temporary equity	$	4,478,742	$	1,119,686
Allocation of accretion of temporary equity to Class A Ordinary shares		59,056		-
Allocation of net income	$	4,537,798	$	1,119,686
Denominator:
Weighted-average shares outstanding		34,500,000		8,625,000
Basic and diluted net income per ordinary share	$	0.13	$	0.13