Quarterly report pursuant to Section 13 or 15(d)

CONDENSED BALANCE SHEETS (Unaudited)

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CONDENSED BALANCE SHEETS (Unaudited) - USD ($)
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash $ 382,132 $ 610,971
Prepaid insurance and other current assets 304,990 345,166
Total current assets 687,122 956,137
Investments and cash held in trust account 206,838,885 204,641,162
TOTAL ASSETS 207,526,007 205,597,299
Current liabilities:    
Accounts payable 175,642 81,076
Accrued expenses 184,633 181,633
Accrued contingent legal costs 2,382,673 2,066,035
Due to Sponsor 34,652 37,628
Total current liabilities 2,777,600 2,366,372
Warrant liabilities 3,609,277 3,039,391
TOTAL LIABILITIES 6,386,877 5,405,763
Class A ordinary shares subject to possible redemption; 19,995,246 shares at redemption value of $10.34 per share and $10.23 per share at March 31, 2023 and December 31, 2022 respectively 206,738,885 204,541,163
Shareholders’ Deficit    
Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued and outstanding
Additional paid-in capital 3,284,138 2,634,528
Accumulated deficit (8,884,393) (6,984,655)
Total Shareholders’ Deficit (5,599,755) (4,349,627)
TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT 207,526,007 205,597,299
Class A Ordinary Shares [Member]    
Shareholders’ Deficit    
Common Stock, Value, Issued
Class B Ordinary Shares [Member]    
Shareholders’ Deficit    
Common Stock, Value, Issued $ 500 $ 500