Battery Future Acquisition Corp. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2023

Schedule of Basic and Diluted Net Income (Loss) Per Ordinary Share

As a result, diluted income per Class B ordinary share is the same as basic income per Class B ordinary share for the periods presented.


	For the Three Months Ended June 30,								For the Six Months Ended June 30,
	2023				2022				2023				2022
	Class A		Class B		Class A		Class B		Class A		Class B		Class A		Class B
Basic and diluted net income per share:
Numerator:
Allocation of net income	$	1,259,627	$	365,990	$	2,078,155	$	519,539	$	2,996,677	$	805,709	$	10,501,148	$	2,625,287
Denominator
Weighted-average shares outstanding		29,684,633		8,625,000		34,500,000		8,625,000		32,079,014		8,625,000		34,500,000		8,625,000

Basic and diluted net income per share	$	0.04	$	0.04	$	0.06	$	0.06	$	0.09	$	0.09	$	0.30	$	0.30

Class A Ordinary Shares Subject To Possible Redemption [Member]

Summary of Class A Ordinary Shares Temporary Equity

As of June 30, 2023 and December 31, 2022, the Class A ordinary shares reflected in the condensed balance sheets are reconciled in the following table:


Gross Proceeds	$	345,000,000
Less:
Proceeds Allocated to Public Warrants		(13,631,224	)
Class A ordinary shares issuance cost		(7,285,997	)
Add:
Accretion of carrying value of redemption value		32,892,828

Class A ordinary shares subject to redemption, December 31, 2022		356,975,607
Add:
Accretion of carrying value to redemption value		3,787,699

Class A ordinary shares subject to redemption, March 31, 2023		360,763,306
Less:
Redemptions		(243,268,708	)
Add:
Accretion of carrying value to redemption value		3,372,942

Class A ordinary shares subject to redemption, June 30, 2023	$	120,867,540