Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows - USD ($)
 11 Months Ended 12 Months Ended
Dec. 31, 2021
Dec. 31, 2022
Cash Flows from Operating Activities:    
Net Income (Loss) $ (281,753) $ 1,207,341
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Interest and dividend income on investments held in Trust Account (1,459) (3,320,716)
Changes in operating assets and liabilities:    
Prepaid expenses (708,821) 381,561
Accounts payable 4,129 (779)
Accrued expenses 1,704 433,561
Income tax payable   617,905
Franchise tax payable 178,142 23,484
Net cash used in operating activities (808,058) (657,643)
Cash Flows from Investing Activities:    
Cash deposited into Trust Account (234,625,500)  
Net cash used in investing activities (234,625,500)  
Cash Flows from Financing Activities:    
Proceeds from Promissory Note - related party 256,359  
Repayment of Promissory Note - related party (256,359)  
Due to Sponsor   1,425
Advance from related party 118,328 2,168
Repayment of advance from related party (118,242) (2,146)
Proceeds from issuance of Class V common stock and Units to Opco to an affiliate of the Sponsor and the Sponsor 25,000  
Proceeds from Initial Public Offering, net of underwriting discount paid 225,400,000  
Proceeds from sale of Private Placement Warrants 12,225,000  
Payment of offering costs (483,754)  
Net cash provided by financing activities 237,166,332 1,447
Net Change in Cash 1,732,774 (656,196)
Cash - Beginning of period   1,732,774
Cash - End of period 1,732,774 1,076,578
Supplemental disclosures of non-cash investing and financing activities:    
Initial accretion of common stock subject to redemption to redemption value 30,362,644  
Deferred underwriting fee payable 8,050,000  
Offering costs included in accrued offering costs 175,000  
Subsequent accretion of Class A common stock subject to redemption amount as of December 31, 2022 $ 1,459 $ 3,320,717