Subsequent Events	6 Months Ended
Jun. 30, 2023
Subsequent Events [Abstract]
Subsequent Events	Note 10 — Subsequent Events The Company evaluated subsequent events and transactions that occurred after the condensed balance sheet date up to the date that the condensed financial statements were issued. The Company, other than below, did not identify any subsequent events that would have required adjustment or disclosure in the condensed financial statements. On July 20, 2023, in connection with the Extension, the Company deposited $275,000 into the Trust Account. On August 2 2023, the Company issued a convertible promissory notes (the “Convertible Promissory Note 3 - Shares”) to Spring Owl Asset Management LLC, an affiliate of the Sponsor (“Spring Owl”), pursuant to which the Company may borrow up to an aggregate maximum amount of $1,000,000 on such convertible promissory notes from Spring Owl to pay fees and expenses and for other general corporate purposes. Any advances under the Convertible Promissory Note 3 – Shares shall be made at the sole discretion of Spring Owl. The Convertible Promissory Note 3 - Shares matures upon the earlier of (a) the Pre-Closing Satisfaction Date and (b) the date that the winding up of the Company is effective. The Convertible Promissory Note 3 - Shares does not bear interest. Subject to the prior receipt of stockholder approval, and provided that the Company has not deposited an amount equal to the unpaid principal of the advances outstanding under the Convertible Promissory Note 3 - Shares to an account designated for the benefit of Spring Owl, then upon the occurrence of the Pre-Closing Satisfaction Date, the unpaid principal amount of advances under the Convertible Promissory Note 3 - Shares will convert into a number of shares of Class A common stock at a conversion price per share equal to (i) portion of the principal amount of the Convertible Promissory Notes - Shares being converted divided by (ii) the average closing price of the Class A Common Stock for the 30 consecutive trading days immediately preceding the Pre-Closing Satisfaction Date. On July 19, 2023, July 25, 2023, August 3, 2023 and August 8, 2023, the Company borrowed $200,000, $150,000, $110,000 and $100,000, respectively, available to it under the Convertible Note. On August 8, 2023, the Company entered into an amendment (the “Amendment”) of the existing Secured Convertible Promissory Note – Shares, pursuant to which, the parties agreed to amend the Secured Convertible Promissory Note – Shares by terminating the remaining $700,000 of undrawn amounts available to the Company to borrow under the Secured Convertible Promissory Note – Shares. Accordingly, pursuant to the Amendment, no additional amounts may be borrowed by the Company under the Secured Convertible Promissory Note – Shares beyond the $1,300,000 borrowed prior to date of the Amendment.

Subsequent Events

6 Months Ended

Jun. 30, 2023

Note 10 — Subsequent Events

The Company evaluated subsequent events and transactions that occurred after the condensed balance sheet date up to the date that the condensed financial statements were issued. The Company, other than below, did not identify any subsequent events that would have required adjustment or disclosure in the condensed financial statements.

On July 20, 2023, in connection with the Extension, the Company deposited $275,000 into the Trust Account.

On August 2 2023, the Company issued a convertible promissory notes (the “Convertible Promissory Note 3 - Shares”) to Spring Owl Asset Management LLC, an affiliate of the Sponsor (“Spring Owl”), pursuant to which the Company may borrow up to an aggregate maximum amount of $1,000,000 on such convertible promissory notes from Spring Owl to pay fees and expenses and for other general corporate purposes. Any advances under the Convertible Promissory Note 3 – Shares shall be made at the sole discretion of Spring Owl. The Convertible Promissory Note 3 - Shares matures upon the earlier of (a) the Pre-Closing Satisfaction Date and (b) the date that the winding up of the Company is effective. The Convertible Promissory Note 3 - Shares does not bear interest. Subject to the prior receipt of stockholder approval, and provided that the Company has not deposited an amount equal to the unpaid principal of the advances outstanding under the Convertible Promissory Note 3 - Shares to an account designated for the benefit of Spring Owl, then upon the occurrence of the Pre-Closing Satisfaction Date, the unpaid principal amount of advances under the Convertible Promissory Note 3 - Shares will convert into a number of shares of Class A common stock at a conversion price per share equal to (i) portion of the principal amount of the Convertible Promissory Notes - Shares being converted divided by (ii) the average closing price of the Class A Common Stock for the 30 consecutive trading days immediately preceding the Pre-Closing Satisfaction Date. On July 19, 2023, July 25, 2023, August 3, 2023 and August 8, 2023, the Company borrowed $200,000, $150,000, $110,000 and $100,000, respectively, available to it under the Convertible Note.

On August 8, 2023, the Company entered into an amendment (the “Amendment”) of the existing Secured Convertible Promissory Note – Shares, pursuant to which, the parties agreed to amend the Secured Convertible Promissory Note – Shares by terminating the remaining $700,000 of undrawn amounts available to the Company to borrow under the Secured Convertible Promissory Note – Shares. Accordingly, pursuant to the Amendment, no additional amounts may be borrowed by the Company under the Secured Convertible Promissory Note – Shares beyond the $1,300,000 borrowed prior to date of the Amendment.

26 Capital Acquisition Corp. 10-Q