Annual report pursuant to Section 13 and 15(d)

STATEMENTS OF CASH FLOWS

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STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash Flows from Operating Activities:    
Net income $ 11,699,648 $ 13,840,189
Adjustments to reconcile net income to net cash used in operating activities:    
Change in fair value of warrant liabilities (10,061,333) (16,349,666)
Interest earned on marketable securities held in Trust Account (4,708,761) (34,441)
Transaction costs incurred in connection with derivative warrant liabilities   974,164
Changes in operating assets and liabilities:    
Prepaid expenses (340,377) 398,253
Accounts payable and accrued expenses 1,626,074 967,453
Net cash used in operating activities (1,103,995) (1,000,554)
Cash Flows from Investing Activities:    
Investment of cash in Trust Account   (345,000,000)
Net cash used in investing activities   (345,000,000)
Cash Flows from Financing Activities:    
Proceeds from sale of Units, net of underwriting discounts paid   338,100,000
Proceeds from sale of Private Placement Warrants   9,700,000
Advances from related party 9,533 360
Repayment of promissory note - related party   (89,889)
Payment of offering costs   (486,260)
Net cash provided by financing activities 9,533 347,224,211
Net Change in Cash (1,094,462) 1,223,657
Cash - Beginning of period 1,223,657  
Cash - End of period $ 129,195 1,223,657
Non-Cash investing and financing activities:    
Offering costs included in accrued offering costs   375,000
Offering costs paid through promissory note   89,889
Deferred underwriting fee payable   $ 12,075,000