Annual report pursuant to Section 13 and 15(d)

STATEMENTS OF CASH FLOWS

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STATEMENTS OF CASH FLOWS - USD ($)
 11 Months Ended 12 Months Ended
Dec. 31, 2021
Dec. 31, 2022
Cash Flows from Operating Activities:    
Net income $ 8,180,210 $ 14,866,187
Adjustments to reconcile net income to net cash used in operating activities:    
Change in fair value of derivative warrant liabilities (10,285,670) (14,992,660)
Offering costs associated with derivative liabilities 997,440 0
Income from investments held in Trust Account (71,635) (5,260,726)
General and administrative expenses paid by related party in exchange for issuance of Class B ordinary shares 25,000 0
Changes in operating assets and liabilities:    
Prepaid expenses (17,017) (22,983)
Accounts payable 961,390 619,118
Accrued expenses (181,526) 3,689,066
Net cash used in operating activities (391,808) (1,101,998)
Cash Flows from Investing Activities:    
Cash deposited in Trust Account (345,000,000) 0
Net cash used in investing activities (345,000,000) 0
Cash Flows from Financing Activities:    
Repayment of promissory note to related party (89,890) 0
Proceeds received from initial public offering, gross 345,000,000 0
Proceeds received from private placement 8,900,000 0
Offering costs paid (7,284,600) 0
Net cash provided by financing activities 346,525,510 0
Net change in cash 1,133,702 (1,101,998)
Cash - beginning of the period 0 1,133,702
Cash - end of the period 1,133,702 31,704
Supplemental disclosure of noncash financing activities:    
Offering costs included in accounts payable 233,706 0
Offering costs included in accrued expenses 225,094 0
Offering costs paid by related party under promissory note 89,890 0
Deferred underwriting commissions $ 12,075,000 $ 0