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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
3 Months Ended
Mar. 31, 2023
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Schedule of reconciled Class A ordinary share of reflected in balance sheet

Gross Proceeds from IPO

$

230,000,000

Proceeds allocated to Public Warrants

 

(7,475,000)

Issuance costs related to Class A ordinary shares

 

(16,099,160)

Accretion of carrying value to redemption value

 

28,178,166

Ending Balance, December 31, 2021

$

234,604,006

Accretion of carrying value to redemption value

3,383,887

Ending Balance, December 31, 2022

$

237,987,893

Redemptions

 

(206,479,033)

Accretion of carrying value to redemption value

 

1,549,190

Ending Balance, March 31, 2023

$

33,058,050

Schedule of basic and diluted net loss per ordinary share

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

    

For the three months ended

    

March 31, 2023

Non-

Redeemable

redeemable

Class A

Class A and B

ordinary

ordinary

    

shares

    

shares

Basic and diluted net loss per ordinary share

 

  

 

  

Numerator:

 

  

 

  

Allocation of net loss, as adjusted

$

(27,343)

$

(31,508)

Denominator:

 

  

 

  

Basic and diluted weighted average shares outstanding

 

7,905,891

 

9,110,000

Basic and diluted net loss per ordinary share

$

(0.00)

$

(0.00)

    

For the three months ended

    

March 31, 2022

    

    

Non-

Redeemable

redeemable

Class A

Class A and B

ordinary

ordinary

    

shares

    

shares

Basic and diluted net loss per ordinary share

 

  

 

  

Numerator:

 

  

 

  

Allocation of net loss, as adjusted

$

(1,979,816)

$

(784,179)

Denominator:

 

  

 

  

Basic and diluted weighted average shares outstanding

 

23,000,000

 

9,110,000

Basic and diluted net loss per ordinary share

$

(0.09)

$

(0.09)