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CONDENSED BALANCE SHEETS - USD ($)
Jun. 30, 2023
Dec. 31, 2022
Current Assets:    
Cash $ 2,520,846 $ 0
Prepaid expenses 719,261 1,200
Total current assets 3,240,107 1,200
Investments held in Trust Account 508,873,223 0
Deferred offering costs 0 511,395
Total assets 512,113,330 512,595
Current liabilities:    
Accrued expenses 279,412 270,391
Liabilities, Current 279,412 503,634
Overfunding Loans 5,000,000 0
Deferred underwriting and advisory fees 17,500,000 0
Total liabilities 22,779,412 503,634
Commitments and contingencies
Shareholders’ equity (deficit)    
Class A ordinary shares subject to possible redemption as of June 30, 2023 508,773,223 0
Preference shares, $0.0001 par value; 99,990,000 shares authorized(1); none issued or outstanding [1] 0 0
Additional paid-in capital 0 23,750
Accumulated deficit (19,440,555) (16,039)
Total shareholders’ equity (deficit) [2] (19,439,305) 8,961
Total liabilities and shareholders’ equity (deficit) 512,113,330 512,595
Related Party    
Current liabilities:    
Promissory Note 0 233,243
Common Class A    
Shareholders’ equity (deficit)    
Ordinary shares [1] 0 0
Common Class B    
Shareholders’ equity (deficit)    
Ordinary shares [1],[3] $ 1,250 $ 1,250
[1] On April 20, 2023, the Company increased the authorized share capital of the Company. All shares as of December 31, 2022 have been retroactively restated to reflect such increase (see Note 6).
[2] On April 25, 2023, the Company consummated the sale of Over-Allotment Units pursuant to the underwriters’ partial exercise of their over-allotment option. All share amounts have been retroactively restated to reflect the share surrender and share recapitalization events (see Note 4).
[3] (2) On April 25, 2023, the Company consummated the sale of Over-Allotment Units pursuant to the underwriters’ partial exercise of their over-allotment option. Share amounts as of December 31, 2022 have been retroactively restated to reflect the share surrender and share recapitalization events (see Note 4).