| Schedule of Class A Common Stock Subject to Redemption |
At June 30, 2023 and December 31, 2022, the Class A common stock subject to redemption reflected in the condensed consolidated balance sheets is reconciled in the following table:
|
Gross proceeds
|
|
$
|
287,500,000 |
|
|
Less:
|
|
|
|
|
|
Proceeds allocated to Public Warrants
|
|
|
(13,081,250 |
)
|
|
Class A common stock issuance costs
|
|
|
(15,632,692 |
)
|
|
Plus:
|
|
|
|
|
|
Remeasurement of carrying value to redemption value
|
|
|
31,531,449 |
|
|
Class A common stock subject to possible redemption at December 31, 2022
|
|
|
290,317,507 |
|
|
Less:
|
|
|
|
|
|
Redemption
|
|
|
(247,259,068 |
)
|
|
Plus:
|
|
|
|
|
|
Remeasurement of carrying value to redemption value
|
|
|
2,355,234 |
|
|
Class A common stock subject to possible redemption at March 31, 2023
|
|
|
45,413,673 |
|
|
Less:
|
|
|
|
|
|
Remeasurement of carrying value to redemption value
|
|
|
(121,070 |
)
|
|
Class A common stock subject to possible redemption at June 30, 2023
|
|
$
|
45,292,603 |
|
|
|
Gross proceeds
|
|
$
|
287,500,000 |
|
|
Less:
|
|
|
|
|
|
Proceeds allocated to Public Warrants
|
|
|
(13,081,250 |
)
|
|
Class A common stock issuance costs
|
|
|
(15,632,692 |
)
|
|
Plus:
|
|
|
|
|
|
Accretion of carrying value to redemption value
|
|
|
28,713,942 |
|
| |
|
|
|
|
|
Class A common stock subject to possible redemption at December 31, 2021
|
|
$
|
287,500,000 |
|
|
Plus:
|
|
|
|
|
|
Accretion of carrying value to redemption value
|
|
|
2,817,507 |
|
|
Class A common stock subject to possible redemption at December 31, 2022
|
|
$
|
290,317,507 |
|
|
| Schedule of Calculation of Basic and Diluted Net (Loss) Income Per Common Share |
The following table reflects the calculation of basic and diluted net (loss) income per common share (in dollars, except per share amounts):
|
|
|
For the Three Months Ended
June 30,
|
|
For the Six Months Ended
June 30,
|
| |
|
2023
|
|
2022
|
|
2023
|
|
2022
|
| |
|
Class A
|
|
Class B
|
|
Class A
|
|
Class B
|
|
Class A
|
|
Class B
|
|
Class A
|
|
Class B
|
|
Basic and diluted net (loss) income per common stock
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Numerator:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allocation of net (loss) income, as adjusted
|
|
$
|
(2,055,713 |
)
|
|
$
|
(3,323,451 |
)
|
|
$
|
3,590,951 |
|
$
|
897,738 |
|
$
|
(4,526,404 |
)
|
|
$
|
(2,547,452 |
)
|
|
$
|
8,328,395 |
|
$
|
2,082,091 |
| Denominator: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basic and diluted weighted average shares outstanding |
|
|
4,445,813 |
|
|
|
7,187,500 |
|
|
|
28,750,000 |
|
|
7,187,500 |
|
|
12,771,004 |
|
|
|
7,187,500 |
|
|
|
28,750,000 |
|
|
7,187,500 |
| Basic and diluted net (loss) income per common stock |
|
$ |
(0.46 |
) |
|
$ |
(0.46 |
) |
|
$ |
0.12 |
|
$ |
0.12 |
|
$ |
(0.35 |
) |
|
$ |
(0.35 |
) |
|
$ |
0.29 |
|
$ |
0.29 |
|
|
|
|
Year Ended
December 31, 2022
|
|
Year Ended
December 31, 2021
|
| |
|
Class A
|
|
Class B
|
|
Class A
|
|
Class B
|
|
Basic net income per common stock
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Numerator:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allocation of net income, as adjusted
|
|
$
|
10,817,039 |
|
$
|
2,704,260 |
|
$
|
3,723,509 |
|
$
|
1,101,850 |
|
Denominator:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic weighted average shares outstanding
|
|
|
28,750,000 |
|
|
7,187,500 |
|
|
23,866,438 |
|
|
7,025,685 |
|
Basic net income per common share
|
|
$
|
0.38 |
|
$
|
0.38 |
|
$
|
0.16 |
|
$
|
0.16 |
|
|
|
Year Ended
December 31, 2022
|
|
Year Ended
December 31, 2021
|
| |
|
Class A
|
|
Class B
|
|
Class A
|
|
Class B
|
|
Diluted net income per common stock
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Numerator:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allocation of net income, as adjusted
|
|
$
|
10,817,039 |
|
$
|
2,704,260 |
|
$
|
3,723,509 |
|
$
|
1,121,354 |
|
Denominator:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted weighted average shares outstanding
|
|
|
28,750,000 |
|
|
7,187,500 |
|
|
23,866,438 |
|
|
7,187,500 |
|
Diluted net income per common share
|
|
$
|
0.38 |
|
$
|
0.38 |
|
$
|
0.16 |
|
$
|
0.16 |
|