Annual report pursuant to Section 13 and 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.23.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2022
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Schedule of reconciliation of class A ordinary shares

At December 31, 2022 and 2021, the Class A ordinary shares reflected in the balance sheets are reconciled in the following table:

Gross proceeds

    

$

345,000,000

Less:

 

  

Proceeds allocated to Public Warrants

(16,905,000)

Class A ordinary shares issuance costs

(18,596,985)

Plus:

  

Accretion of carrying value to redemption value

35,501,985

Class A ordinary shares subject to possible redemption as of December 31, 2021

$

345,000,000

Plus:

Accretion of carrying value to redemption value

4,743,202

Class A ordinary shares subject to possible redemption as of December 31, 2022

$

349,743,202

Schedule of basic and diluted net income per ordinary share

The following table reflects the calculation of basic and diluted net income per ordinary share (in dollars, except per share amounts):

Year Ended December 31, 

    

2022

    

2021

    

Class A

    

Class B

    

Class A

    

Class B

Basic net income per ordinary share

Numerator:

Allocation of net income

$

9,359,718

$

2,339,930

$

10,754,434

$

3,085,755

Denominator:

Basic weighted average shares outstanding

34,500,000

8,625,000

29,490,411

8,461,644

Basic net income per ordinary share

$

0.27

$

0.27

$

0.36

$

0.36

Diluted net income per ordinary share

Numerator:

Allocation of net income

$

9,359,718

$

2,339,930

$

10,708,342

$

3,131,847

Denominator:

Diluted weighted average shares outstanding

34,500,000

8,625,000

29,490,411

8,625,000

Diluted net income per ordinary share

$

0.27

$

0.27

$

0.36

$

0.36