XML 12 R2.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Balance Sheets - USD ($)
Jun. 30, 2023
Dec. 31, 2022
Current Assets:    
Cash $ 75,489 $ 212,232
Prepaid expenses 188,713 379,264
Other investments held to maturity 475,918 0
Total Current Assets 740,120 591,496
Investments held in the Trust Account 17,256,161 237,373,538
Total Assets 17,996,281 237,965,034
Current Liabilities:    
Accounts payable and accrued expenses 167,287 101,396
Accrued Tax Payable – Franchise Tax 19,950 73,739
Accrued Tax Payable – Income Tax 515,061 295,065
Accrued Tax Payable – Excise Tax 2,224,846  
Other accrued expenses – deferred 121,734 12,815
Loan payable – Sponsor 530,000 175,000
Total Current Liabilities 3,673,881 673,227
Derivative warrant liabilities 940,000 2,350,000
Deferred underwriting commission 8,050,000 8,050,000
Total liabilities 12,663,881 11,073,227
COMMITMENTS AND CONTINGENCIES (Note 6)
Class A common stock subject to possible redemption; 1,577,478 and 23,000,000 shares at June 30, 2023 and December 31, 2022, respectively 17,096,912 236,385,597
Stockholders' deficit:    
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding 0 0
Additional paid-in capital 0 0
Accumulated deficit (11,765,087) (9,494,365)
Total Stockholders' Deficit (11,764,512) (9,493,790)
Total Liabilities, Common Stock Subject to Possible Redemption and Stockholders' Deficit 17,996,281 237,965,034
Related Party [Member]    
Current Liabilities:    
Due to related party 95,003 15,212
Class A common stock [Member]    
Stockholders' deficit:    
Common stock value 550 0
Class B common stock [Member]    
Stockholders' deficit:    
Common stock value $ 25 $ 575