Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of Gross Unrealized Holding Loss and Fair Value of Held to Maturity Securities

The carrying value, excluding gross unrealized holding loss and fair value of held to maturity securities on December 31, 2022 are as follows :


	Carrying Value as of December 31, 2022		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value as of December 31, 2022
Cash	$	1,051	$	—	$	—	$	1,051
U.S. Treasury Securities		618,143,315		401,259		—		618,544,573

	$	618,144,365	$	401,259	$	—	$	618,545,624

The carrying value, excluding gross unrealized holding loss and fair value of held to maturity securities on December 31, 2021 are as follows:


	Carrying Value as of December 31, 2021		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value as of December 31, 2021
Cash	$	1,396	$	—	$	—		$	1,396
U.S. Treasury Securities		609,609,233		—		(30,488	)		609,578,745

	$	609,610,629	$	—	$	(30,488	)	$	609,580,141

Schedule of Reconciliation of Class A Ordinary Shares Subject to Possible Redemption Reflected on the Balance Sheet

The Class A ordinary shares subject to possible redemption reflected on the balance sheet as of December 31, 2022 and 2021 is reconciled in the following table :


Gross Proceeds from IPO	$	609,500,000
Less:
Proceeds allocated to public warrants		(17,852,479	)
Class A ordinary shares issuance costs		(33,791,129	)
Plus:
Remeasurement of carrying value to redemption value		51,643,608

Class A ordinary shares subject to possible redemption, December 31, 2021	$	609,500,000
Remeasurement of carrying value to redemption value		9,045,624

Class A ordinary shares subject to possible redemption, December 31, 2022	$	618,545,624

Schedule of Earnings Per Share Basic and Diluted

The tables below presents a reconciliation of the numerator and denominator used to compute basic and diluted net income per share for each class of ordinary share:


	For the Year Ended December 31, 2022				For the period from February 1, 2021 (Inception) to December 31, 2021
	Class A		Class B		Class A		Class B
Basic and diluted net income per share:
Numerator:
Allocation of net income	$	27,088,964	$	6,772,241	$	1,993,167	$	904,508
Denominator:
Weighted-average shares outstanding		60,950,000		15,237,500		33,577,246		15,237,500
Basic and diluted net income per share	$	0.44	$	0.44	$	0.06	$	0.06

Elliott Opportunity II Corp. 10-K