Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2022

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Summary Of Held To Maturity Securities

The carrying value, excluding gross unrealized holding losses and fair value of held to maturity securities December 31, 2021 are as follows:

		Amortized Cost and Carrying Value		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
December 31, 2021	U.S. Treasury Securities	$	116,733,409		—	$	(16,360	)	$	116,716,698

Summary of Assets and Liabilities that are measured at fair value on a recurring basis

The following table sets forth by level within the fair value hierarchy the Company’s assets and liabilities that were accounted for at fair value on a recurring basis at September 30, 2022:

	Level 1		Level 2		Level 3
Assets
Investments held in Trust Account	$	116,898,425	$	—	$	—
Liabilities
FPA	$	—	$	—	$	2,041,573

The following table sets forth by level within the fair value hierarchy the Company’s assets and liabilities that were accounted for at fair value on a recurring basis at December 31, 2021:

	Level 1		Level 2		Level 3
Assets
Investments held in Trust Account	$	116,716,698	$	—	$	—
Liabilities
FPA	$	—	$	—	$	1,007,934

FPA liability [Member]

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Summary of model for the FPA liability

The key inputs into the modified PWER model for the FPA liability were as follows:

Input	September 30, 2022			December 31, 2021
Probability of successful business combination		85	%		85	%
Likelihood by 4/30/2022		—	%		5	%
Likelihood by 10/31/2023		—	%		15	%
Likelihood by 01/31/2023		5	%		—	%
Likelihood by 04/30/2023		95	%		80	%
Risk-free rate		3.94	%		0.51	%
Stock price	$	9.90		$	10.00
Estimated term remaining (years)		0.57			1.35

Summary of reconciliation of changes in fair value for the FPA liability classified as Level 3

The following table provides a reconciliation of changes in fair value of the beginning and ending balances for the FPA liability classified as Level 3:

Fair Value at December 31, 2021	$	1,007,934
Change in fair value		1,005,557
Fair Value at March 31, 2022	$	2,013,491
Change in fair value		(15,945	)
Fair Value at June 30, 2022	$	1,997,996
Change in fair value		43,577
Fair Value at September 30, 2022	$	2,041,573