XML 19 R7.htm IDEA: XBRL DOCUMENT v3.23.1
STATEMENTS OF CASH FLOWS - USD ($)
10 Months Ended 12 Months Ended
Dec. 31, 2021
Dec. 31, 2022
Cash flows from operating activities:    
Net income $ 3,829,169 $ 11,530,114
Adjustments to reconcile net income to net cash used in operating activities:    
Transaction costs allocated to warrant liabilities 509,712 0
Change in fair value of warrant liability (4,767,000) (10,669,000)
Income from investments held in Trust Account (3,156) (3,433,975)
Changes in assets and liabilities:    
Prepaid expenses (819,534) 452,365
Accounts payable and accrued expenses 656,314 345,676
Due to Sponsor 0 120,000
Franchise tax payable 170,959 645,442
Marketing service fee 0 150,000
Income taxes payable 0 (107,676)
Net cash used in operating activities (423,536) (967,054)
Cash flows from investing activities:    
Proceeds from Trust Account 0 999,121
Investments in Trust Account (234,600,000) 0
Net cash provided by (used in) investing activities (234,600,000) 999,121
Cash flows from financing activities:    
Proceeds from sale of common stock to Sponsor 25,000 0
Proceeds from initial public offering, net of costs 229,192,475 0
Proceeds from private placement 11,200,000 0
Payment of underwriter discount (4,000,000) 0
Net cash provided by financing activities 236,417,475 0
Net change in cash 1,393,939 32,067
Cash, beginning of the period 0 1,393,939
Cash, end of the period 1,393,939 1,426,006
Supplemental disclosure of cash flow information:    
Accretion for Class A common stock to redemption amount 234,600,000 2,420,680
Deferred underwriters' discount changed to additional paid-in capital 8,650,000 0
Initial classification of warrant liability $ 16,571,000 $ 0