XML 16 R6.htm IDEA: XBRL DOCUMENT v3.23.1
Statement of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net income (loss) $ 225,923 $ (365,765)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Interest earned on marketable securities held in Trust Account (886,003) (28,052)
Interest withdraw from the Trust Account 190,207
Changes in operating assets and liabilities:    
Accounts payable (13,773) 31,658
Accrued expenses 252,150
Prepaid expenses (23,044) (30,000)
Franchise tax payable (140,207)
Income tax payable 175,561
Net cash used in operating activities (219,186) (392,159)
Cash flows from investing activities:    
Investment of cash in Trust Account (87,571,802)
Net cash used in investing activities (87,571,802)
Cash flows from financing activities:    
Proceeds from working capital loan 400,000
Proceeds from sale of Units, net of IPO costs 84,660,072
Proceeds from sale of private placement units 3,900,000
Repayment of promissory note – related party (193,535)
Net cash provided by financing activities 400,000 88,366,537
Net change in cash 180,814 402,576
Cash at the beginning of the period 27,066 25,000
Cash at the end of the period 207,880 427,576
Supplemental disclosure of non-cash investing and financing activities:    
Deferred underwriting fee payable 2,587,500
Initial Classification of Class A ordinary shares subject to redemption 87,543,750
Deferred offering costs paid for by Promissory note – related party $ 3,058