Class A Common Stock Subject to Possible Redemption (Tables)

3 Months Ended

Mar. 31, 2023

Class A Common Stock Subject to Possible Redemption [Abstract]

Schedule of Class A common stock subject to possible redemption reflected on the balance sheet

Gross proceeds	$	168,515,980
Less:
Fair value of Public Warrants at issuance		(3,827,481	)
Fair value of over-allotment option liabilities		(16,852	)
Offering costs allocated to Class A common stock subject to possible redemption		(9,725,650	)
Plus:
Accretion on Class A common stock subject to possible redemption amount		13,569,983
Class A common stock subject to possible redemption, December 31, 2021		168,515,980
Increase in redemption value of Class A common stock subject to possible redemption amount		259,578
Class A common stock subject to possible redemption, December 31, 2022		168,775,558
Increase in redemption value of Class A common stock subject to possible redemption amount		1,217,867
Class A common stock subject to possible redemption, March 31, 2023	$	169,993,425

- Definition

Tabular disclosure of the nature and terms of the financial instruments and the rights and obligations embodied in those instruments, information about settlement alternatives, if any, in the contract and identification of the entity that controls the settlement alternatives including: a. The amount that would be paid, or the number of shares that would be issued and their fair value, determined under the conditions specified in the contract if the settlement were to occur at the reporting date b. How changes in the fair value of the issuer's equity shares would affect those settlement amounts (for example, "the issuer is obligated to issue an additional x shares or pay an additional y dollars in cash for each $1 decrease in the fair value of one share") c. The maximum amount that the issuer could be required to pay to redeem the instrument by physical settlement, if applicable d. The maximum number of shares that could be required to be issued, if applicable e. That a contract does not limit the amount that the issuer could be required to pay or the number of shares that the issuer could be required to issue, if applicable f. For a forward contract or an option indexed to the issuer's equity shares, the forward price or option strike price, the number of issuer's shares to which the contract is indexed, and the settlement date or dates of the contract, as applicable. g. The components of the liability that would otherwise be related to shareholders' interest and other comprehensive income (if any) subject to the redemption feature (for example, par value and other paid in amounts of mandatorily redeemable instruments are disclosed separately from the amount of retained earnings or accumulated deficit).

+ References + Details

Bilander Acquisition Corp. 10-Q