INITIAL PUBLIC OFFERING |
9 Months Ended |
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Aug. 31, 2023 | |
Initial Public Offering | |
INITIAL PUBLIC OFFERING | NOTE 3 — INITIAL PUBLIC OFFERING
Pursuant to the Initial Public Offering, the Company sold 75,000,000. Each Unit consists of one share of Class A common stock, one-half of one redeemable warrant (“Public Warrant”) and one right. Each whole Public Warrant entitles the holder to purchase one share of Class A common stock at a price of $ per share, subject to adjustment (see Note 7). Each right entitles the holder thereof to receive one-tenth (1/10) of one share of Class A common stock upon the consummation of an initial Business Combination. Units at a price of $ per Unit generating gross proceeds to the Company in the amount of $
On February 3, 2022, the underwriters purchased an additional 11,250,000. Units pursuant to the full exercise of the over-allotment option. The Units were sold at an offering price of $ per Unit, generating additional gross proceeds to the Company of $
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