NOTE 8. CLASS A ORDINARY SHARES SUBJECT TO REDEMPTION

Class A ordinary shares — The Company is authorized to issue up to 500,000,000 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. As of March 31, 2023 and December 31, 2022, there were 6,595,117 and 20,000,000 Class A ordinary shares issued, respectively, and no shares outstanding, excluding 6,595,117 and 20,000,000 Class A ordinary shares, respectively, subject to possible redemption which are presented as temporary equity.