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Loss Per Share
 6 Months Ended
Jun. 30, 2023
Loss Per Share [Abstract]  
LOSS PER SHARE

NOTE 5 - LOSS PER SHARE:

 

a.Basic

 

As of June 30, 2023, and 2022 the Company had two classes of ordinary shares, Class A ordinary shares and Class B ordinary shares. In order to determine the net loss attributable to each class, the Company first considered the total earnings (loss) allocable to both sets of shares. This is calculated using the total earnings (loss) less any Interest Earned on Investments Held in Trust Account. The accretion to redemption value of the Class A ordinary shares subject to possible redemption is fully allocated to the Class A ordinary shares subject to redemption.

 

   Six months ended
June 30,
2023		   Three months ended
June 30,
2023		   Six months ended
June 30,
2022		   Three months ended
June 30,
2022		 
  

U.S. dollars in thousands

 
   (except share data) 
                 
Net earnings (loss) for the period   1,286    219    (289)   (33)
Less - interest earned on marketable securities held in trust account   2,089    700    472    204 
Net loss excluding interest   (803)   (481)   (183)   (171)
                     
Class A ordinary shares subject to possible redemption:                    
Numerator:                    
Net loss excluding interest   (591)   (298)   (378)   (164)
Accretion on Class A ordinary shares subject to possible redemption to redemption amount (“Accretion”)   2,353    964    183    171 
    1,762    666    (195)   7 
Denominator:                    
Weighted average of class A ordinary shares subject to possible redemption   9,000,141    5,350,282    12,650,000    12,650,000 
Basic and diluted earnings per Class A ordinary share subject to possible redemption
   0.20    0.12    (0.02)   0.001 
                     
Class B ordinary shares:                    
Numerator:                    
Net loss excluding interest   (210)   (181)   (94)   (41)
Accretion   (264)   (264)   
-
    
-
 
    (474)   (445)   (94)   (41)
Denominator:                    
Weighted average of Class B ordinary shares outstanding   3,162,500    (3,162,500)   3,162,500    3,162,500 
Basic and diluted loss per Class B ordinary share
   (0.15)   (0.14)   (0.03)   (0.01)

  

b.Diluted

 

As of June 30, 2023, the Company did not have any dilutive securities or any other contracts which could, potentially, be exercised or converted into ordinary shares and then share in the earnings of the Company.