FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Sep. 30, 2023

FAIR VALUE MEASUREMENTS

Schedule of company's liabilities that are measured at fair value on a recurring basis

	Amount at Fair
Description	Value		Level 1		Level 2		Level 3
September 30, 2023
Assets
Investments held in Trust Account:
Money Market investments	$	21,355,330	$	21,355,330	$	—	$	—
Liabilities
Warrant liability - Private Warrants	$	15,938	$	—	$	—	$	15,938

Summary of significant inputs to the Black-Scholes method for the fair value of the Private Warrants

	As of August 2021 (Initial			As of September 30,			As of September 30,
	Measurement)			2023			2022
Unit price	$	10.00		$	10.00		$	10.00
Common stock price	$	9.44		$	11.36		$	10.15
Dividend yield	—%			—%			—%
Term to Business Combination (years)		1.00			0.00			0.34
Volatility		16.0	%		0.00	%		0.00	%
Risk-free rate		0.88	%		5.25	%		4.00	%
Fair value	$	0.58		$	0.02		$	0.03

Summary of changes in the fair value of the Company's Level 3 financial instruments that are measured at fair value on a recurring basis

Fair value as of January 15, 2021 (inception)	$	—
Initial measurement as of August 2, 2021		414,352
Additional warrants issued in over-allotment		47,850
Fair value as of August 2, 2021		462,202
Change in valuation inputs or other assumptions		(438,295	)
Fair value as of September 30, 2022		23,907
Change in valuation inputs or other assumptions		-
Fair value as of March 31, 2023	$	23,907
Change in valuation inputs or other assumptions		(7,969	)
Fair value as of September 30, 2023	$	15,938