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Fair Value Measurements (Tables)
9 Months Ended
Sep. 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 September 30, 2023, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:
   September 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  $373,750   $
   $373,750   $
 
Private Placement Warrants Liability   352,875    
    
    352,875 
   $726,625   $
   $373,750   $352,875 
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 There were no transfers to/from Level 1, 2, or 3 during the three months ended September 30, 2023. The following table presents the changes in the fair value of Level 3 warrant liabilities for the three and nine months ended September 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 
Change in fair value   70,575 
Fair value as of September 30, 2023  $352,875 
   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 
Change in fair value   
 
Fair value as of September 30, 2022  $352,875 
Schedule of Inputs into the Modified Black Scholes The key inputs into the modified Black Scholes calculation as of September 30, 2023 and December 31, 2022 were as follows:
   September 30,
2023
   December 31,
2022
 
Inputs        
Risk-free interest rate   5.50%   4.73%
Expected term (years)   0.69    1.00 
Expected volatility   5.49%   4.14%
Exercise price  $11.50   $11.50 
Stock price  $10.64   $10.27