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Consolidated Statements of Cash Flows - USD ($)
10 Months Ended 12 Months Ended
Dec. 31, 2021
Dec. 31, 2022
Cash flows from operating activities:    
Net income $ 5,906,214 $ 5,940,296
Adjustments to reconcile net income to net cash used in operating activities:    
Formation costs paid by related party 10,000
Allocation of offering costs to warrant expense 741,209
Interest income earned (2,577) (1,515,362)
Change in fair value of warrant liabilities (7,205,376) (6,659,839)
Changes in current assets and liabilities:    
Prepaid expenses (603,711) 371,253
Other current liability – Advance from target 449,167
Due to sponsor (10,000)
Accrued offering costs and expenses 254,276 734,683
Income taxes payable 253,660
Net cash used in operating activities (899,965) (436,142)
Cash flows from investing activities:    
Investment of cash in Trust Account (128,397,500) (1,019,688)
Cash withdrawn from Trust Account in connection with redemption 120,804,392
Net cash provided by (used in) investing activities (128,397,500) 119,784,704
Cash flows from financing activities:    
Proceeds from initial public offering, net of costs 124,096,500
Proceeds from private placement warrants 6,027,500
Proceeds from convertible promissory note – related party 253,378 500,000
Proceeds from advance from target for extension notes   (166,675)
Payment of promissory note to related party (285,778) 1,265,000
Redemption of common stock   (120,804,392)
Payment of deferred offering costs (529,380)
Net cash (used in) provided by financing activities 129,562,220 (119,206,067)
Net change in cash 264,755 142,495
Cash – Beginning of the period 264,755
Cash – End of the period 264,755 407,250
Supplemental disclosure of non-cash financing activities:    
Deferred offering costs paid by promissory note – related party 32,400
Deferred offering costs paid by Sponsor in exchange for issuance of Class B common stock 25,000
Deferred underwriting fee charged temporary equity 4,554,000
Initial warrant liability 15,085,335
Initial value of Class A common stock subject to possible redemption $ 128,397,500