Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v3.23.2
FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Jun. 30, 2023
Fair value, assets and liabilities measured on recurring basis  
Schedule of changes in the fair value of derivative warrant liabilities

Private

Public

Placement

Warrant

    

Warrants

    

Warrants

    

Liability

Derivative warrant liabilities as of December 31, 2022

$

301,875

$

298,000

$

599,875

Change in fair value

 

212,520

 

240,000

 

452,520

Derivative warrant liabilities as of March 31, 2023

514,395

538,000

1,052,395

Change in fair value

 

2,142,105

 

2,082,000

 

4,224,105

Derivative warrant liabilities as of June 30, 2023

$

2,656,500

$

2,620,000

$

5,276,500

Schedule of company's assets and liabilities that were accounted for at fair value on a recurring basis

    

(Level 1)

    

(Level 2)

    

(Level 3)

Assets

 

  

 

  

 

  

Treasury securities held in trust account

$

42,190,562

$

$

Liabilities

 

  

 

  

 

  

Public Warrants

$

2,656,500

$

$

Private Placement Warrants

$

$

$

2,620,000

Schedule of key inputs into the calculation at the measurement on recurring and non-recurring

Class B

 

Input

    

Common Stock

 

Common stock price

$

10.41

Exercise price

$

11.50

Risk-free rate of interest

 

4.060

%

Volatility

 

0.001

%

Term

 

5.34

Value of one warrant

$

0.220

Dividend yield

 

0.000

%

January 24, 2022

 

Public

Private

 

Input

    

Warrants

    

Warrants

 

Common stock price

 

$

9.69

$

9.69

Exercise price

 

$

11.50

$

11.50

Risk-free rate of interest

 

 

1.61

%  

1.61

%

Volatility

10.85

%  

10.86

%

Term

    

6.00

6.00

Value of one warrant

 

$

0.62

 

$

0.62

Dividend yield

 

 

0.00

%  

0.00

%

Private

 

Input

    

Warrants

 

Common stock price

$

10.41

Estimated probability of the Initial Business Combination

 

10.00

%

Volatility

 

40.00

%

Risk-free rate

 

4.25

%

Time to expiration

 

1.50

Level 3  
Fair value, assets and liabilities measured on recurring basis  
Schedule of changes in the fair value of derivative warrant liabilities

    

Public

    

Private Placement

    

Total Level 3

    

Warrants

    

Warrants

    

Financial Instruments

Derivative warrant liabilities at December 31, 2022

$

$

298,000

$

298,000

Change in fair value

 

 

240,000

 

240,000

Level 3 derivative warrant liabilities at March 31, 2023

 

 

538,000

 

538,000

Change in fair value

 

 

2,082,000

 

2,082,000

Level 3 derivative warrant liabilities at June 30, 2023

$

$

2,620,000

$

2,620,000