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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2022
Summary of Significant Accounting Policies  
Summary of basic and diluted income (loss) per share

    

    

For the Period From

For the Year

February 25, 2021

Ended

(Inception) through

December 31, 2022

December 31, 2021

Redeemable Common Stock

 

  

 

  

Allocation of net income (loss)

$

47,447

$

(105,734)

Denominator:

 

  

 

  

Weighted average shares of redeemable common stock outstanding

19,193,054

7,032,258

Basic and Diluted Net Income (Loss) per Common Share, Redeemable Common Stock

$

0.00

$

(0.02)

Non-Redeemable Common Stock

 

  

 

  

Allocation of net income (loss)

$

12,360

$

(75,177)

Denominator:

 

  

 

  

Weighted average shares of non-redeemable common stock outstanding

 

5,000,000

 

5,000,000

Basic and Diluted Net Income (Loss) per Common Share, Non-Redeemable Common Stock

$

0.00

$

(0.02)

Adjustments of the value of common stock reflected in the balance sheets

At December 31, 2022 and December 31, 2021, the adjustments of the value of common stock reflected in the balance sheets are reconciled in the following table:

Gross proceeds

    

$

200,000,000

Less:

 

  

Proceeds allocated to Public Warrants

 

(5,000,000)

Common stock issuance costs

 

(21,514,584)

Plus:

 

Remeasurement of carrying value to redemption value

 

27,514,584

Common stock subject to possible redemption, December 31, 2021

$

201,000,000

Less:

Redemption of common stock

(186,626,233)

Plus:

Remeasurement of carrying value to redemption value

1,957,482

Common stock subject to possible redemption, December 31, 2022

$

16,331,249