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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2023
Fair Value Measurements [Abstract]  
Schedule of Assets and Liabilities that are Measured at Fair Value on a Recurring Basis The following table presents information about the Company’s assets and liabilities that are measured at fair value on a recurring basis at June 30, 2023, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:
   June 30,   Quoted
Prices In
Active
Markets
   Significant
Other
Observable
Inputs
   Significant
Other
Unobservable
Inputs
 
   2023   (Level 1)   (Level 2)   (Level 3) 
Liabilities:                
Public Warrants Liability  $299,000   $
   $299,000   $
 
Private Placement Warrants Liability   282,300    
    
    282,300 
   $581,300   $
   $299,000   $282,300 
The following table presents information about the Company’s assets and liabilities that are measured at fair value on a recurring basis at December 31, 2022, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:
   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 

 

Schedule of Changes in the Fair Value of Level 3 Warrant Liabilities The following table presents the changes in the fair value of Level 3 warrant liabilities for the three and six months ended June 30, 2023 and 2022:
   Level 3
Warrant
Liabilities
 
Fair value as of December 31, 2022  $70,575 
Change in fair value   494,025 
Fair value as of March 31, 2023  $564,600 
Change in fair value   (282,300)
Fair value as of June 30, 2023  $282,300 
   Level 3
Warrant
Liabilities
 
Fair Value as of December 31, 2021  $3,394,658 
Change in fair value   (2,265,458)
Fair Value as of March 31, 2022   1,129,200 
Change in fair value   (776,325)
Fair Value as of June 30, 2022  $352,875 
Schedule of Inputs into the Modified Black Scholes The key inputs into the modified Black Scholes calculation as of June 30, 2023 and December 31, 2022 were as follows:
   June 30,
2023
   December 31,
2022
 
Inputs        
Risk-free interest rate   5.12%   4.73%
Expected term (years)   1.24    1.00 
Expected volatility   3.19%   4.14%
Exercise price  $11.50   $11.50 
Stock price  $10.48   $10.27