Registration of securities issued in business combination transactions

STATEMENTS OF CHANGES IN STOCKHOLDERS' (DEFICIT) EQUITY

v3.23.2
STATEMENTS OF CHANGES IN STOCKHOLDERS' (DEFICIT) EQUITY - USD ($)
Class A Common Stock Subject to Possible Redemption
Common Stock
Initial Public Offering
Class A Common Stock Subject to Possible Redemption
Common Stock
Class A Common Stock Subject to Possible Redemption
Class B common stock
Common Stock
Additional Paid-in Capital
Initial Public Offering
Additional Paid-in Capital
Accumulated Deficit
Initial Public Offering
Accumulated Deficit
Initial Public Offering
Total
Beginning balance at Mar. 09, 2021   $ 0                
Beginning balance (in shares) at Mar. 09, 2021   0                
Ending balance at Dec. 31, 2021   $ 0                
Ending balance (in shares) at Dec. 31, 2021   0 0              
Beginning balance at Mar. 09, 2021       $ 0   $ 0   $ 0   $ 0
Beginning balance (in shares) at Mar. 09, 2021       0            
Increase (Decrease) in Stockholders' Equity                    
Issuance of Class B common stock to Sponsor [1]       $ 725   24,275       25,000
Amount of financing [1]       7,245,000            
Net (loss) income               (22,252)   (22,252)
Ending balance at Dec. 31, 2021       $ 725   24,275   (22,252)   2,748
Ending balance (in shares) at Dec. 31, 2021       7,245,000            
Increase (Decrease) in Temporary Equity                    
Issuance of Units in IPO   $ 219,353,777                
Issuance of Units in IPO (in shares)   24,150,000                
Remeasurement of Class A common stock to redemption value $ 26,976,223 $ 65,397                
Ending balance at Mar. 31, 2022   $ 246,395,397                
Ending balance (in shares) at Mar. 31, 2022   24,150,000                
Increase (Decrease) in Stockholders' Equity                    
Deemed capital contribution from issuance of private warrants           4,504,363       4,504,363
Remeasurement of Class A common stock to redemption value at IPO         $ (4,528,638)   $ (22,447,585) (65,397) $ (26,976,223) (65,397)
Net (loss) income               9,442,637   9,442,637
Ending balance at Mar. 31, 2022       $ 725       (13,092,597)   (13,091,872)
Ending balance (in shares) at Mar. 31, 2022       7,245,000            
Beginning balance at Dec. 31, 2021   $ 0                
Beginning balance (in shares) at Dec. 31, 2021   0 0              
Ending balance at Jun. 30, 2022   $ 246,749,249                
Ending balance (in shares) at Jun. 30, 2022   24,150,000                
Beginning balance at Dec. 31, 2021       $ 725   24,275   (22,252)   2,748
Beginning balance (in shares) at Dec. 31, 2021       7,245,000            
Increase (Decrease) in Stockholders' Equity                    
Net (loss) income     $ 8,106,757             10,892,813
Ending balance at Jun. 30, 2022       $ 725       (11,996,274)   (11,995,549)
Ending balance (in shares) at Jun. 30, 2022       7,245,000            
Beginning balance at Dec. 31, 2021   $ 0                
Beginning balance (in shares) at Dec. 31, 2021   0 0              
Increase (Decrease) in Temporary Equity                    
Issuance of Units in IPO   $ 219,353,777                
Issuance of Units in IPO (in shares)   24,150,000                
Remeasurement of Class A common stock to redemption value $ 26,976,223 $ 3,996,857                
Ending balance at Dec. 31, 2022   $ 250,326,857 $ 250,326,857              
Ending balance (in shares) at Dec. 31, 2022   24,150,000 24,150,000              
Beginning balance at Dec. 31, 2021       $ 725   24,275   (22,252)   2,748
Beginning balance (in shares) at Dec. 31, 2021       7,245,000            
Increase (Decrease) in Stockholders' Equity                    
Deemed capital contribution from issuance of private warrants           $ 4,504,363       4,504,363
Remeasurement of Class A common stock to redemption value at IPO         $ (4,528,638)   $ (22,447,585) (3,996,857) $ (26,976,223) (3,996,857)
Net (loss) income     $ 11,937,823         15,763,981   15,763,981
Ending balance at Dec. 31, 2022       $ 725       (10,702,713)   (10,701,988)
Ending balance (in shares) at Dec. 31, 2022       7,245,000            
Beginning balance at Mar. 31, 2022   $ 246,395,397                
Beginning balance (in shares) at Mar. 31, 2022   24,150,000                
Increase (Decrease) in Temporary Equity                    
Remeasurement of Class A common stock to redemption value   $ 353,852                
Ending balance at Jun. 30, 2022   $ 246,749,249                
Ending balance (in shares) at Jun. 30, 2022   24,150,000                
Beginning balance at Mar. 31, 2022       $ 725       (13,092,597)   (13,091,872)
Beginning balance (in shares) at Mar. 31, 2022       7,245,000            
Increase (Decrease) in Stockholders' Equity                    
Remeasurement of Class A common stock to redemption value at IPO               (353,852)   (353,852)
Net (loss) income     1,115,519         1,450,175   1,450,175
Ending balance at Jun. 30, 2022       $ 725       (11,996,274)   (11,995,549)
Ending balance (in shares) at Jun. 30, 2022       7,245,000            
Beginning balance at Dec. 31, 2022   $ 250,326,857 $ 250,326,857              
Beginning balance (in shares) at Dec. 31, 2022   24,150,000 24,150,000              
Increase (Decrease) in Temporary Equity                    
Remeasurement of Class A common stock to redemption value   $ 813,105                
Ending balance at Mar. 31, 2023   $ 251,139,962 $ 251,139,962              
Ending balance (in shares) at Mar. 31, 2023   24,150,000                
Beginning balance at Dec. 31, 2022       $ 725       (10,702,713)   (10,701,988)
Beginning balance (in shares) at Dec. 31, 2022       7,245,000            
Increase (Decrease) in Stockholders' Equity                    
Remeasurement of Class A common stock to redemption value at IPO               (813,105)   (813,105)
Net (loss) income               1,319,136   1,319,136
Ending balance at Mar. 31, 2023       $ 725       (10,196,682)   (10,195,957)
Ending balance (in shares) at Mar. 31, 2023       7,245,000            
Beginning balance at Dec. 31, 2022   $ 250,326,857 $ 250,326,857              
Beginning balance (in shares) at Dec. 31, 2022   24,150,000 24,150,000              
Ending balance at Jun. 30, 2023   $ 42,190,562 $ 42,190,562              
Ending balance (in shares) at Jun. 30, 2023   3,998,687 3,998,687              
Beginning balance at Dec. 31, 2022       $ 725       (10,702,713)   (10,701,988)
Beginning balance (in shares) at Dec. 31, 2022       7,245,000            
Increase (Decrease) in Stockholders' Equity                    
Net (loss) income     $ (3,647,509)             (5,263,131)
Ending balance at Jun. 30, 2023       $ 525       (13,924,182)   (13,923,457)
Ending balance (in shares) at Jun. 30, 2023       5,245,000            
Beginning balance at Mar. 31, 2023   $ 251,139,962 251,139,962              
Beginning balance (in shares) at Mar. 31, 2023   24,150,000                
Increase (Decrease) in Temporary Equity                    
Remeasurement of Class A common stock to redemption value   $ 1,082,415                
Ending balance at Jun. 30, 2023   $ 42,190,562 $ 42,190,562              
Ending balance (in shares) at Jun. 30, 2023   3,998,687 3,998,687              
Beginning balance at Mar. 31, 2023       $ 725       (10,196,682)   (10,195,957)
Beginning balance (in shares) at Mar. 31, 2023       7,245,000            
Increase (Decrease) in Stockholders' Equity                    
Remeasurement of Class A common stock to redemption value at IPO               (1,082,415)   (1,082,415)
Net (loss) income     $ (3,581,854)         (6,582,267)   (6,582,267)
Ending balance at Jun. 30, 2023       $ 525       $ (13,924,182)   $ (13,923,457)
Ending balance (in shares) at Jun. 30, 2023       5,245,000            
[1] Includes up to 1,125,000 shares of Class B common stock subject to forfeiture if the over-allotment option was not exercised in full or in part by the underwriters. The Company surrendered 1,725,000 shares of Class B Common Stock on November 30, 2021 and issued an additional 345,000 shares of Class B common stock on January 19, 2022 pursuant to a stock split by way of a stock dividend for no additional consideration. The underwriters exercised the over-allotment option in full on January 24, 2022. See Note 6.