XML 14 R6.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Statements of Cash Flows - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Cash Flows from Operating Activities        
Net income $ 2,033,037 $ 6,174,392 $ 500,925 $ 9,974,146
Adjustments to reconcile net income to net cash used in operating activities:        
Gain on marketable securities (net), dividends and interest, held in Trust Account (1,711,537) (83,875) (4,080,757) (164,227)
Formation and operating expenses funded by note payable through Sponsor     78,413 (6,499)
Change in fair value of derivative warrant liabilities (1,797,240) (6,385,200) (167,280) (10,467,240)
Changes in operating assets and liabilities:        
Prepaid and other assets     156,406 169,552
Accounts payable     5,097,210 12,972
Accrued expenses     (1,517,762) 116,532
Net cash provided by (used in) operating activities     67,155 (364,764)
Cash Flows from Investing Activities:        
Trust account withdrawal for Class A share redemptions     189,434,603 0
Net cash provided by investing activities     189,434,603 0
Cash Flows from Financing Activities        
Redemption of Class A shares     (189,434,603) 0
Proceeds from note payable and advances from related party     270,000 0
Deferred legal fees paid     (343,437) 0
Net cash used in financing activities     (189,508,040) 0
Net decrease in cash     (6,282) (364,764)
Cash - beginning of period     48,126 503,204
Cash - end of period 41,844 138,440 41,844 138,440
Supplemental disclosure of noncash investing and financing activities:        
Remeasurement of Class A shares to redemption value $ 1,711,537 $ 85,071 4,080,757 85,071
Offering costs paid through promissory note - related party     $ 0 $ 201,962