Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2023

Significant Accounting Policies

Summary of ordinary shares subject to possible redemption

Gross proceeds from IPO	$	265,147,800
Less:
Proceeds allocated to Public Warrants, net of offering costs		(14,052,833)
Ordinary share issuance costs		(24,729,441)
Plus:
Remeasurement adjustment of carrying value to redemption value		42,543,190
Ordinary shares subject to possible redemption as of December 31, 2022		268,908,716
Plus:
Remeasurement adjustment of carrying value to redemption value		2,848,650
Ordinary shares subject to possible redemption as of March 31, 2023	$	271,757,366

Summary 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):

	Three Months Ended				Three Months Ended
	March 31, 2023				March 31, 2022 (1)
	Class A		Class B		Class A		Class B
Basic and diluted net loss per ordinary share
Numerator:
Allocation of net loss	$	2,848,650	$	(8,075,792)	$	17,415	$	(5,866,228)
Denominator:
Weighted average shares outstanding		26,514,780		6,628,695		26,514,780		6,628,695
Basic and diluted net income/(loss) per ordinary share	$	0.11	$	(1.22)	$	—	$	(0.88)

(1) Net loss per share for the three months ended March 31, 2022 for Class A Ordinary Shares and Class B Ordinary Shares have been revised to conform with current period presentation (See Note 2).