v3.23.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash Flows from Operating Activities:    
Net income $ 8,346,820 $ 9,207,884
Adjustments to reconcile net income to net cash used in operating activities:    
Interest earned on cash and investments held in Trust Account (421,504) (68,295)
Change in fair value of derivative liability (10,552,969) (10,637,431)
Gain on forgiveness of deferred underwriting fee (371,910)
Changes in operating assets and liabilities:    
Prepaid expenses 123,131 329,967
Income tax payable 49,175
Accounts payable and accrued expenses 2,066,159 572,554
Net cash used in operating activities (761,098) (595,321)
Cash Flows from Investing Activities:    
Cash withdrawn from trust account to pay franchise tax 231,500
Cash withdrawn from trust account in connection with redemptions 275,102,280
Net cash provided by investing activities 275,333,780
Cash Flows from Financing Activities:    
Redemptions of common stock (275,102,280)
Borrowings under promissory note 347,961
Payment of offering costs (17,579)
Net cash used in financing activities (274,754,319) (17,579)
Net Change in Cash (181,637) (612,900)
Cash – Beginning of period 406,126 1,019,026
Cash – End of period 224,489 406,126
Non-cash investing and financing activities:    
Change in value of Class A common stock subject to possible redemption 256,545
Forgiveness of deferred underwriting fee payable allocated to Class A common stock (9,288,090)
Deferred underwriting fee payable $ 9,660,000