Summary of reconciliation of common stock subject to possible redemption |
At June 30, 2023 and December 31, 2022, the Class A common stock reflected in the condensed balance sheets is reconciled in the following table: | | | | Gross proceeds | | $ | 333,500,000 | Less: | | | | Proceeds allocated to Public Warrants | | | (11,639,150) | Class A common stock issuance costs | | | (18,244,148) | Plus: | | | | Remeasurement of carrying value to redemption value | | | 33,741,754 | Class A common stock subject to possible redemption, December 31, 2022 | | | 337,358,456 | Less: | | | | Redemptions | | | (321,160,140) | Plus: | | | | Remeasurement of carrying value to redemption value | | | 2,422,374 | Class A common stock subject to possible redemption, March 31, 2023 | | | 18,620,690 | Plus: | | | | Remeasurement of carrying value to redemption value | | | 50,000 | Class A common stock subject to possible redemption, June 30, 2023 | | $ | 18,670,690 |
|
Summary of reconciliation of net income per common share |
| | | | | | | | | | | | | | | For the Three Months | | For the Six Months | | | Ended June 30, | | Ended June 30, | | | 2023 | | 2022 | | 2023 | | 2022 | Class A Common Stock subject to possible redemption | | | | | | | | | | | | | Numerator: Net (loss) income allocable to Class A common stock | | $ | (310,554) | | $ | 1,489,501 | | $ | (943,206) | | $ | 4,306,855 | Denominator: Weighted Average Class A common stock | | | | | | | | | | | | | Basic and diluted weighted average shares outstanding | | | 1,847,069 | | | 33,350,000 | | | 13,334,326 | | | 33,350,000 | Basic and diluted net (loss) income per share | | $ | (0.17) | | $ | 0.04 | | $ | (0.07) | | $ | 0.13 | | | | | | | | | | | | | | Class A Common Stock | | | | | | | | | | | | | Numerator: Net loss allocable to Class A common stock | | | (1,389,205) | | | — | | | (371,335) | | | — | Denominator: | | | | | | | | | | | | | Weighted Average Class A common stock - Basic and diluted weighted average shares outstanding | | | 8,262,500 | | | — | | | 5,249,655 | | | — | Basic and diluted net loss per share | | $ | (0.17) | | $ | — | | $ | (0.07) | | $ | — | | | | | | | | | | | | | | Class B Common Stock | | | | | | | | | | | | | Numerator: Net (loss) income allocable to Class B common stock | | | (12,610) | | | 372,375 | | | (218,419) | | | 1,076,714 | Denominator: | | | | | | | | | | | | | Weighted Average Class B common stock - Basic and diluted weighted average shares outstanding | | | 75,000 | | | 8,337,500 | | | 3,087,845 | | | 8,337,500 | Basic and diluted net (loss) income per share | | $ | (0.17) | | $ | 0.04 | | $ | (0.07) | | $ | 0.13 |
|