Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets

v3.23.1
Condensed Balance Sheets - USD ($)
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash $ 273,963 $ 409,725
Prepaid expenses 236,380 244,688
Total current assets 510,343 654,413
Investments held in Trust Account 312,929,167 309,744,280
Total Assets 313,439,510 310,398,693
Current liabilities:    
Accounts payable 610,139 552,059
Franchise tax payable 50,000 100,882
Income tax payable 1,094,237 414,724
Due to related party 31,772 28,043
Total current liabilities 1,786,148 1,095,708
Deferred underwriting commissions 11,200,000 11,200,000
Total liabilities 12,986,148 12,295,708
Commitments and Contingencies
Class A common stock subject to possible redemption, $0.0001 par value; 30,000,000 shares issued and outstanding at redemption value of approximately $10.39 and $10.30 per share as of March 31, 2023 and December 31, 2022, respectively 311,686,788 309,130,532
Stockholders’ Deficit:    
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding
Class A common stock, $0.0001 par value; 300,000,000 shares authorized; 1,350,000 shares issued and outstanding (excluding 30,000,000 shares subject to possible redemption) 135 135
Class B common stock, $0.0001 par value; 20,000,000 shares authorized; 10,450,000 shares issued and outstanding 1,045 1,045
Additional paid-in capital
Subscription receivable (600,000) (600,000)
Accumulated deficit (10,634,606) (10,428,727)
Total stockholders’ deficit (11,233,426) (11,027,547)
Total Liabilities, Class A Common Stock Subject to Possible Redemption, and Stockholders’ Deficit $ 313,439,510 $ 310,398,693