XML 29 R18.htm IDEA: XBRL DOCUMENT v3.22.4
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2022
Accounting Policies [Abstract]  
Schedule of reconciliation of Class A Ordinary Shares Reflected in the Balance Sheet
At December 31, 2022 and 2021, the shares of Class A ordinary shares reflected in the balance sheet is reconciled in the following table:
 
Gross proceeds
   $ 169,000,000  
Less:
        
Proceeds allocated to the Public Warrants
     (11,914,500
Shares of Class A ordinary share issuance costs
     (9,329,478
    
 
 
 
       (21,243,978
Plus:
        
Measurement adjustment of carrying value to redemption value
     21,243,978  
    
 
 
 
Class A Ordinary Shares subject to possible redemption at December 31, 2021
   $ 169,000,000  
    
 
 
 
Measurement adjustment of carrying value to redemption value
     2,442,865  
    
 
 
 
Class A Ordinary Shares subject to possible redemption at December 31, 2022
   $ 171,442,865  
    
 
 
 
Schedule of Basic and Diluted Net Income Per Ordinary Share
The following table reflects the calculation of basic and diluted net income per ordinary share (in dollars, except per share amounts):
 
    
The Year
Ended
December 31,
2022
    
For the Period
f
rom March 3, 202
1
(inception)
through
December 31,
2021
 
Class A Redeemable ordinary shares
                 
Numerator: Income (loss) allocable to Class A ordinary shares
   $ 9,615,146      $ (2,432,229
Denominator: Basic and diluted weighted average shares
outstanding
     16,900,000        9,059,406  
    
 
 
    
 
 
 
Basic and diluted net income (loss) per share, Class A ordinary shares
   $ 0.57      $ (0.27
    
 
 
    
 
 
 
Class B
Non-redeemable
ordinary shares
                 
Numerator: Income (loss) allocable to Class B ordinary shares
   $ 2,403,787      $ (1,146,171
Denominator: Basic and diluted weighted average shares
outstanding
     4,225,000        4,269,183  
    
 
 
    
 
 
 
Basic and diluted net income (loss) per share, Class B ordinary shares
   $ 0.57      $ (0.27