Quarterly report pursuant to Section 13 or 15(d)

CONDENSED STATEMENTS OF CASH FLOWS

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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Cash Flows from Operating Activities:        
Net (loss) income     $ (1,238,844) $ 4,297,675
Adjustments to reconcile net (loss) income to net cash used in operating activities:        
Income from cash and investments held in Trust Account $ (179,734) $ (130,279) (1,585,936) (137,369)
Change in fair value of derivative warrant liabilities (73,875) (1,379,000) 98,500 (4,826,500)
Change in fair value of working capital loan - related party (5,340) 0 (800) 0
Stock Compensation Expense     1,701,444  
Changes in operating assets and liabilities:        
Prepaid expenses     (22,895) 22,916
Accounts payable     304,788 (32,081)
Accrued expenses     282,979 217,093
Deferred legal fees       8,210
Net cash used in operating activities     (460,764) (450,056)
Cash Flows from Investing Activities:        
Cash withdrawn from Trust Account in connection with redemption     271,939,156  
Net cash provided by investing activities     271,939,156  
Cash Flows from Financing Activities:        
Redemption of Class A ordinary shares     (271,939,156)  
Proceeds from issuance of working capital loan to related party     545,000  
Offering costs paid       (75,000)
Net cash used in financing activities     (271,394,156) (75,000)
Net change in cash     84,236 (525,056)
Cash - beginning of the period     21,548 562,346
Cash - end of the period $ 105,784 $ 37,290 $ 105,784 $ 37,290