Annual report pursuant to Section 13 and 15(d)

Statements Of Cash Flows

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Statements Of Cash Flows - USD ($)
 5 Months Ended 12 Months Ended
Dec. 31, 2021
Dec. 31, 2022
Cash Flows from Operating Activities:    
Net income $ 6,375,125 $ 21,252,998
Adjustments to reconcile net income to net cash used in operating activities:    
Interest earned on investments held in Trust Account (888) (5,075,607)
Change in fair value of warrant liabilities (6,884,712) (17,743,846)
Transaction costs 321,236 0
Changes in operating assets and liabilities:    
Prepaid expenses (437,985) 48,402
Prepaid expenses – non-current portion (414,521) 414,521
Accounts payable and accrued expenses 137,916 476,923
Due to related party 11,820 0
Net cash used in operating activities (892,009) (626,609)
Cash Flows from Investing Activities:    
Investment of cash in Trust Account (351,900,000) 0
Net cash used in investing activities (351,900,000) 0
Cash Flows from Financing Activities:    
Proceeds from sale of 34,500,000 Units, net of underwriting discounts paid 338,100,000 0
Proceeds from sale of 16,300,000 Private Placement Warrants 16,300,000 0
Payments of offering costs (682,233) 0
Net cash provided by financing activities 353,717,767 0
Net Change in Cash 925,758 (626,609)
Cash – Beginning of the period 0 925,758
Cash – Ending of the period 925,758 299,149
Non-Cash Investing and Financing Activities:    
Deferred offering costs paid by Sponsor in exchange for issuance of Class B ordinary shares 25,000 0
Costs paid by Sponsor in exchange for credit toward the purchase price of the Private Placement Warrants purchased at closing $ 1,498,810 $ 0