XML 31 R20.htm IDEA: XBRL DOCUMENT v3.23.1
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2022
Fair Value Disclosures [Abstract]  
Schedule of assets and liabilities that are measured at fair value on a recurring basis
   December 31,   Quoted
Prices In
Active
Markets
   Significant
Other
Observable
Inputs
   Significant
Other
Unobservable
Inputs
 
   2022   (Level 1)   (Level 2)   (Level 3) 
Assets:                
Marketable Securities held in Trust Account  $153,980,991   $153,980,991   $
   $
 
   $153,980,991   $153,980,991   $
   $
 
Liabilities:                    
Public Warrants Liability  $74,750   $
   $74,750   $
 
Private Placement Warrants Liability   70,575    
    
    70,575 
   $145,325   $
   $74,750   $70,575 

 

   December 31,   Quoted
Prices In
Active
Markets
   Significant
Other
Observable
Inputs
   Significant
Other
Unobservable
Inputs
 
   2021   (Level 1)   (Level 2)   (Level 3) 
Assets:                
Marketable Securities held in Trust Account  $151,775,132   $151,775,132   $
   $
 
   $151,775,132   $151,775,132   $
   $
 
                     
Liabilities:                    
Public Warrants Liability  $3,588,000   $3,588,000   $
   $
 
Private Placement Warrants Liability   3,394,658    
    
    3,394,658 
   $6,982,658   $3,588,000   $
   $3,394,658 

 

Schedule of changes in the fair value of level 3 warrant liabilities
   Level 3
Warrant
Liabilities
 
Fair value as of December 31, 2021  $3,394,658 
Change in fair value   (3,324,083)
Fair value as of December 31, 2022  $70,575 

 

   Level 3
Warrant
Liabilities
 
Fair Value as of December 31, 2020  $
-
 
Initial measurement on January 20, 2021   15,026,525 
Change in valuation as of December 31, 2021   (6,474,118)
Transfer of Public Warrants to Level 1   (5,157,749)
Fair Value as of December 31, 2021  $3,394,658 

 

Schedule of inputs into the modified black scholes
   December 31,
2022
   December 31,
2021
 
Inputs        
Risk-free interest rate   4.73%   1.31%
Expected term (years)      1.00    5.50 
Expected volatility   4.14%   8.46%
Exercise price  $11.50   $11.50 
Stock price  $10.27   $9.92