Note 6 - Class A Ordinary Shares Subject to Possible Redemption

The Company’s Class A ordinary shares feature certain redemption rights that are considered to be outside of the Company’s control and subject to the occurrence of future events. The Company is authorized to issue 100,000,000 Class A ordinary shares with a par value of $0.0001 per share. Holders of the Company’s Class A ordinary shares are entitled to one vote for each share. In connection with the vote to approve the First Extension Amendment Proposal, the holders of 28,119,098 Class A ordinary shares of the Company properly exercised their right to redeem their shares for cash at a redemption price of approximately $10.23 per share, for an aggregate redemption amount of approximately $287.7 million. As of September 30, 2023 and December 31, 2022, there were 5,041,098 and 34,500,000 Class A ordinary shares outstanding, which were all subject to possible redemption and are classified outside of permanent equity in the condensed consolidated balance sheets, respectively.

Class A ordinary shares subject to possible redemption as of December 31, 2022		$	350,232,362
Less:
Redemptions			(287,733,456	)
Plus:
Increase in redemption value of Class A ordinary shares subject to possible redemption			(1,812,770	)
Gain of Waiver of Deferred Underwriting Fees			5,579,875
Class A ordinary shares subject to possible redemption as of March 31, 2023 (restated) (unaudited)			66,266,011
Plus:
Increase in redemption value of Class A ordinary shares subject to possible redemption			1,312,516
Class A ordinary shares subject to possible redemption as of June 30, 2023 (unaudited)			67,578,527
Less:
Redemptions			(14,419,056	)
Plus:
Increase in redemption value of Class A ordinary shares subject to possible redemption			1,068,148
Class A ordinary shares subject to possible redemption as of September 30, 2023 (unaudited)		$	54,227,619