SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2022

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of Class A common stock subject to possible redemption reflected in the balance sheets reconciled

Class A common stock subject to possible redemption, January 1, 2021	$	250,000,000
Plus:
Accretion of carrying value to redemption value
Class A common stock subject to possible redemption, December 31, 2021		250,000,000
Less:
Redemptions of Class A common stock		(232,371,273)
Plus:
Accretion of carrying value to redemption value		2,093,167
Extension Deposit		78,136
Class A common stock subject to possible redemption, December 31, 2022	$	19,800,030

Schedule of basic and diluted net income per common stock

The following table reflects the calculation of basic and diluted net income per common stock (in dollars, except share and per share amounts):

	For the Year Ended December 31,
	2022				2021
	Class A		Class B		Class A		Class B
Basic and diluted net income per share of common stock
Numerator:
Allocation of net income	$	4,369,839	$	1,169,240	$	3,813,826	$	953,457
Denominator:
Basic and diluted weighted average shares outstanding		23,358,326		6,250,000		25,000,000		6,250,000
Basic and diluted net income per share of common stock	$	0.19	$	0.19	$	0.15	$	0.15