Quarterly report pursuant to Section 13 or 15(d)

Class A Ordinary Shares Subject to Possible Redemption

v3.23.1
Class A Ordinary Shares Subject to Possible Redemption
3 Months Ended
Mar. 31, 2023
Temporary Equity Disclosure [Abstract]  
Class A Ordinary Shares Subject to Possible Redemption
Note 8—Class A Ordinary Shares Subject to Possible Redemption
The Company’s Class A ordinary shares feature certain redemption rights that are considered to be outside of the Company’s control and subject to the occurrence of future events. The Company is authorized to issue 200,000,000 shares of Class A ordinary shares with a par value of $0.0001 per share. As of March 31, 2023 and December 31, 2022, there
were
6,794,168 Class A ordinary shares outstanding, which were all subject to possible redemption and are classified outside of permanent equity in the condensed balance sheets.
The Class A ordinary shares subject to possible redemption reflected on the condensed balance sheets are reconciled on the following table:
 
Class A ordinary shares subject to possible redemption, December 31, 2021
  
$
324,084,140
 
Plus:
        
Increase in redemption value of Class A ordinary shares subject to redemption
due to extension
     1,460,746  
Waiver of Class A shares issuance costs
     10,889,227  
Less:
        
Redemption of Class A ordinary shares subject to redemption
     (257,490,115
Remeasurement of redemption value of Class A ordinary shares subject to redemption
     (9,264,478
    
 
 
 
Class A ordinary shares subject to possible redemption, December 31, 2022
  
 
69,679,520
 
Less:
        
Redemption of Class A ordinary shares subject to redemption
     (22,434,736
Plus:
        
Increase in redemption value of Class A ordinary shares subject to redemption due to extension and Remeasurement of redemption value
     1,203,176  
    
 
 
 
Class A ordinary shares subject to possible redemption, March 31, 2023
  
$
48,447,960