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SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Jun. 30, 2023
SIGNIFICANT ACCOUNTING POLICIES  
Schedule of Class A ordinary shares subject to possible redemption reflected on the balance sheets

June 30,

December 31,

    

2023

    

2022

Proceeds from IPO

$

230,000,000

$

230,000,000

Less:

Proceeds allocated to Public Warrants

 

(6,900,000)

 

(6,900,000)

Class A ordinary shares issuance costs

 

(12,963,555)

 

(12,963,555)

Redemptions

(113,049,318)

Plus:

 

  

 

  

Fair value of over-allotment option

 

60,000

 

60,000

Remeasurement of Class A ordinary shares to redemption value

 

34,929,579

 

29,234,274

Class A ordinary shares subject to possible redemption

$

132,076,706

$

239,430,719

Schedule of calculation of basic and diluted loss per share

For the Three Months Ended

For the Six Months Ended

June 30, 

June 30, 

2023

2022

2023

2022

    

Class A

    

Class B

    

Class A

    

Class B

    

Class A

    

Class B

    

Class A

    

Class B

Basic and diluted net income (loss) per share:

 

Numerator:

 

Allocation of net income (loss)

$

551,796

$

259,747

$

(167,004)

$

(48,014)

$

1,816,390

$

612,790

$

(588,197)

$

(169,107)

Denominator:

Weighted-average shares outstanding including ordinary shares subject to redemption

 

12,215,038

5,750,000

20,000,000

5,750,000

17,043,767

5,750,000

20,000,000

5,750,000

Basic and diluted net income (loss) per share

$

0.05

$

0.05

$

(0.01)

$

(0.01)

$

0.11

$

0.11

$

(0.03)

$

(0.03)