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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2023
Summary of Significant Accounting Policies  
Summary of basic and diluted income (loss) per share

For the Three Months

For the Six Months

Ended June 30,

Ended June 30,

    

2023

    

2022

    

2023

    

2022

Redeemable Common Stock

 

  

 

  

 

  

 

  

Allocation of net income (loss)

$

11,462

$

(660,806)

$

(13,604)

$

(782,854)

Denominator:

 

Weighted average shares of redeemable common stock outstanding

 

1,591,537

20,000,000

1,591,537

20,000,000

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

$

0.01

$

(0.03)

$

(0.01)

$

(0.04)

Non-Redeemable Common Stock

 

Allocation of net income (loss)

$

36,010

$

(165,201)

$

(42,738)

$

(195,714)

Denominator:

 

Weighted average shares of non-redeemable common stock outstanding

 

5,000,000

5,000,000

5,000,000

5,000,000

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

$

0.01

$

(0.03)

$

(0.01)

$

(0.04)

Summary of adjustments of the value of common stock reflected in the balance sheets

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

Plus:

 

  

Remeasurement of carrying value to redemption value

 

369,255

Common stock subject to possible redemption, June 30, 2023

$

16,700,504