Annual report pursuant to Section 13 and 15(d)

STATEMENTS OF CASH FLOWS

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STATEMENTS OF CASH FLOWS - USD ($)
 11 Months Ended 12 Months Ended
Dec. 31, 2021
Dec. 31, 2022
Cash flow from operating activities:    
Net income $ 9,486,606 $ 9,891,490
Adjustments to reconcile net income to net cash used in operating activities:    
Change in fair value of warrant liabilities (12,039,966) (8,419,283)
Loss on issuance of private warrants 1,322,010 0
Transaction costs associated with issuance of warrants 781,595 0
Interest earned on marketable securities held in Trust Account (3,712) (3,274,564)
Changes in operating assets and liabilities:    
Prepaid expenses (1,273,852) 692,444
Accounts payable and accrued expenses 196,929 571,407
Net cash used in operating activities (1,530,390) (538,506)
Cash flow from investing activities:    
Investment of cash in Trust Account (232,300,000) 0
Net cash used in investing activities (232,300,000) 0
Cash flows from financing activities:    
Proceeds from sale of Initial Public Offering Units, net of underwriting fees 227,554,000 0
Proceeds from sale of private placement warrants 7,146,000 0
Proceeds from promissory note - related party 300,000 0
Proceeds from convertible promissory note - related party 0 1,050,000
Repayment of promissory note - related party (300,000) 0
Payment of offering costs (632,247) 0
Net cash provided by financing activities 234,067,753 1,050,000
Net change in cash 237,363 511,494
Cash at the beginning of the period 0 237,363
Cash at the end of the period 237,363 748,857
Supplemental Disclosure of Non-Cash Investing and Financing Activities:    
Deferred offering costs included in accrued expenses 273,439 0
Deferred offering costs paid by Sponsor in exchange for the issuance of Class B ordinary shares 25,000 0
Accretion of Class A ordinary shares subject to possible redemption 0 3,278,276
Deferred underwriting fee payable 9,780,500 0
Initial measurement of warrants issued in connection with the Initial Public Offering accounted for as liabilities $ 21,578,010 $ 0