Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2023

Schedule of reconciled balance sheet
Gross proceeds	$	258,750,000
Less:
Fair value of Public Warrants at issuance		(6,727,500	)
Class A Common Stock issuance costs		(14,621,728	)
Plus:
Remeasurement of carrying value to redemption value		26,524,228
Class A Common Stock subject to possible redemption at December 31, 2021		263,925,000
Plus:
Remeasurement of carrying value to redemption value		2,671,313
Class A Common Stock subject to possible redemption at December 31, 2022		266,596,313
Less:
Redemptions		(150,738,777	)
Plus:
Remeasurement of Class A ordinary shares to redemption value		2,500,216
Class A Common Stock subject to possible redemption at March 31, 2023		118,357,752
Less:
Redemptions (paid on July 5, 2023)		(59,958,158	)
Plus:
Remeasurement of Class A ordinary shares to redemption value		2,469,478
Class A Common Stock subject to possible redemption at June 30, 2023	$	60,869,072


	For the Three Months Ended June 30,
	2023						2022

	Class A- redeemable common stock			Class A and Class B non- redeemable Common stock			Class-A redeemable common stock			Class-B non- redeemable common stock
Basic and diluted net income (loss) per share:
Numerator:
Allocation of net income (loss)	$	(67,679	)	$	(39,614	)	$	(123,847	)		(30,962	)
Remeasurement for Class A Common Stock to redemption value		2,469,478			—			38,065			—
Net income (loss)	$	2,401,799		$	(39,614	)	$	(85,782	)		(30,962	)
Denominator:
Weighted average shares outstanding		11,051,573			6,468,750			25,875,000			6,468,750

Basic and dilution net income (loss) per share	$	0.22		$	(0.01	)	$	(0.00	)		(0.00	)


	For the Six Months Ended June 30,
	2023				2022
			Class A
	Class A-redeemable common stock		and Class B non- redeemable Common stock		Class-A redeemable common stock			Class-B non-redeemable common stock
Basic and diluted net income (loss) per share:
Numerator:
Allocation of net income (loss)	$	522,989	$	225,816	$	(377,890	)		(94,473	)
Remeasurement for Class A Common Stock to redemption value		4,969,694		—		38,065			—
Net income (loss)	$	5,492,683	$	225,816	$	(339,825	)		(94,473	)
Denominator:
Weighted average shares outstanding		14,981,581		6,468,750		25,875,000			6,468,750

Basic and dilution net income (loss) per share	$	0.37	$	0.03	$	(0.01	)		(0.01	)

LF Capital Acquisition Corp. II 10-Q