Quarterly report pursuant to Section 13 or 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.23.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Jun. 30, 2023
Accounting Policies [Abstract]  
Schedule of redemption of Class A ordinary shares
       
Gross proceeds   $ 199,952,460  
Less:        
Proceeds allocated to Public Warrants     (9,797,808 )
Issuance costs allocated to Class A ordinary shares     (29,576,119 )
Plus:        
Remeasurement of carrying value to redemption value     43,962,630  
Class A ordinary shares subject to possible redemption as of December 31, 2022     204,541,163  
Plus:        
Remeasurement of carrying value to redemption value     2,197,722  
Class A ordinary shares subject to possible redemption as of March 31, 2023     206,738,885  
Plus:        
Remeasurement of carrying value to redemption value     2,463,687  
Class A ordinary shares subject to possible redemption as of June 30, 2023   $ 209,202,572  
Schedule of basic and diluted net income per ordinary share
                                                               
    Three Months Ended
June 30,
2023
    Three Months Ended
June 30,
2022
    Six Months Ended
June 30,
2023
    Six Months Ended
June 30,
2022
 
    Class A     Class B     Class A     Class B     Class A     Class B     Class A     Class B  
Basic and diluted net income per share:                                                                
Numerator:                                                                
Net income   $ 2,124,378     $ 531,095     $ 1,119,384     $ 279,845     $ 2,362,766     $ 590,691     $ 2,610,449     $ 652,612  
Denominator:                                                                
Weighted Average Ordinary Shares     19,995,246       4,998,811       19,995,246       4,998,811       19,995,246       4,998,811       19,995,246       4,998,811  
Basic and diluted net income per ordinary share   $ 0.11     $ 0.11     $ 0.06     $ 0.06     $ 0.12     $ 0.12     $ 0.13     $ 0.13