XML 16 R6.htm IDEA: XBRL DOCUMENT v3.23.1
Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash Flows From Operating Activities:    
Net income $ 1,034,088 $ 7,622,890
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Investment income earned on treasury securities held in the Trust Account (1,819,095) (15,217)
Loss (Gain) on change in fair value of derivative liabilities 741,500 (9,897,542)
Gain on change in fair value of note payable – Sponsor (455,032) 0
Changes in operating assets and liabilities:    
Prepaid expenses 58,024 127,700
Accounts payable and accrued expenses 132,386 1,234,852
Net Cash Used In Operating Activities (308,129) (927,317)
Cash Flows From Financing Activities:    
Repayment of related party advances 0 (27,250)
Proceeds from note payable – Sponsor 550,000  
Proceeds from related party advances 16,197 0
Net Cash Provided by (Used in) Financing Activities 566,197 (27,250)
Net change in cash 258,068 (954,567)
Cash at beginning of year 27,316 1,569,803
Cash at end of year 285,384 615,236
Supplemental disclosure of non-cash financing activities:    
Measurement adjustment of carrying value to redemption value $ 1,819,095 $ 22,183