Annual report pursuant to Section 13 and 15(d)

Balance Sheets

v3.23.1
Balance Sheets - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash $ 1,052,953 $ 2,020
Prepaid expenses 187,048 35
Prepaid Consulting Services 434,868 0
Total Current Assets 1,674,869 2,055
Deferred offering costs 0 429,168
Investments held in the Trust Account 239,149,497 0
Total Assets 240,824,366 431,223
Current Liabilities:    
Accounts payable and accrued expenses 252,593 5,975
Accrued offering costs 0 305,000
Advances from related party 0 101,326
Franchise tax payable 200,000 0
Income tax payable 707,005 0
Note payable—Sponsor 0 86,000
Total Current Liabilities 1,159,598 498,301
Other long-term liabilities 1,380,500 0
Deferred underwriting commission 6,900,000 0
Total Liabilities 9,440,098 498,301
COMMITMENTS AND CONTINGENCIES (Note 6)
Class A common stock subject to possible redemption; 23,000,000 and no shares outstanding as of December 31, 2022 and December 31, 2021, respectively (at redemption price) 238,242,492 0
Stockholders' deficit:    
Preferred shares, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding 0 0
Additional paid-in capital 444,735 24,425
Accumulated deficit (7,303,534) (92,078)
Total Stockholders' Deficit (6,858,224) (67,078)
Total Liabilities, Common Stock subject to Possible Redemption and Stockholders' Deficit 240,824,366 431,223
Common Class A [Member]    
Stockholders' deficit:    
Common Stock, Value, Issued 0 0
Common Class B [Member]    
Stockholders' deficit:    
Common Stock, Value, Issued $ 575 $ 575