Gross proceeds

$

115,000,000

Less:

Proceeds allocated to Public Warrants

(9,917,024

)

Proceeds allocated to Public Rights

(8,744,042

)

Offering costs of Public Shares

(6,901,405

)

Plus:

Accretion of carrying value to redemption value

29,388,057

Class A Common stock subject to possible redemption– December 31, 2022

$

117,361,652

Plus:

Accretion of carrying value to redemption value – three months period ended March 31, 2023

1,322,195

Redeemed common stock payable to public stockholders

(63,169,451

)

Class A Common stock subject to possible redemption– March 31, 2023

$

55,514,396