FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Dec. 31, 2023

FAIR VALUE MEASUREMENTS

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

Description	Amount at Fair Value		Level 1		Level 2		Level 3
December 31, 2023
Assets
Investments held in Trust Account:
Money Market investments	$	22,027,582	$	22,027,582	$	-	$	-
Liabilities
Warrant liability - Private Warrants	$	28,688	$	-	$	-	$	28,688

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

	As of August 2021 (Initial			As of December 31,			As of December 31,
	Measurement)			2023			2022
Unit price	$	10.00		$	10.00		$	10.00
Common stock price	$	9.44		$	11.32		$	10.20
Dividend yield	-%			-%			-%
Term to Business Combination (years)		1.00			0.00			0.25
Volatility		16.0	%		3.51	%		0.00	%
Risk-free rate		0.88	%		3.84	%		3.95	%
Fair value	$	0.58		$	0.036		$	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
Change in valuation inputs or other assumptions		12,750
Fair value as of December 31, 2023	$	28,688