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Stock Warrants (Tables)
12 Months Ended
Dec. 31, 2022
Stock Warrants [Abstract]  
Schedule of quantitative information regarding level 3 fair value measurement

The following table presents the quantitative information regarding Level 3 fair value measurement of warrants:

 

 

December 31,

 

 

2022

 

 

2021

 

Strike price

$11.50

 

 

$11.50

 

Expected Volatility

 

79

%

 

 

61

%

Expected Dividend - Class A Common Stock

 

 

 

 

 

Expected Term in Years

 

3.73

 

 

 

4.73

 

Risk Free Interest Rate

 

4.14

%

 

 

1.22

%

Warrant Value Per Share

$0.62

 

 

$1.02

 

Schedule of changes in fair value of the warrants

The following table presents the changes in the fair value of the warrants:

 

 

 

Private Placement

 

 

 

Warrants

 

Initial Measurement, September 22, 2021

 

$

29,466

 

Mark-to-market adjustment

 

 

(21,206

)

Warrants payable balance, December 31, 2021

 

 

8,260

 

Mark-to-market adjustment

 

 

(7,923

)

Warrants payable balance, December 31, 2022

 

$

337