XML 29 R20.htm IDEA: XBRL DOCUMENT v3.24.1
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2023
Fair Value Measurements  
Schedule of assets and liabilities that are measured at fair value on a recurring basis

    

December 31, 2023

    

(Level 1)

    

(Level 2)

    

(Level 3)

Assets

 

  

 

  

 

  

Marketable securities held in trust account

$

44,709,805

$

$

Liabilities

 

 

 

  

Public Warrants

$

287,500

$

$

Private Placement Warrants

$

$

293,000

$

    

December 31,2022

    

(Level 1)

    

(Level 2)

    

(Level 3)

Assets

 

  

 

  

 

  

Marketable securities held in trust account

 

$

237,984,513

 

$

 

$

Liabilities

 

 

 

 

 

 

Public Warrants

 

$

261,050

 

$

 

$

Private Placement Warrants

 

$

 

$

266,000

 

$

Schedule of changes in fair value of warrant liabilities

Private

Share

Public

Placement

Warrant

Redemptions

    

Warrants

    

Warrants

    

Liability

    

Payable

Derivative warrant liabilities as of December 31,2021

$

8,521,000

$

8,695,000

$

17,216,000

$

Change in fair value

 

(8,259,950)

 

(8,429,000)

(16,688,950)

 

Derivative warrant liabilities as of December 31, 2022

 

261,050

 

266,000

527,050

 

Establishment of share repurchase liability

197,694,657

Share repurchase payment

(197,694,657)

Change in fair value

26,450

27,000

53,450

Derivative warrant liabilities as of December 31, 2023

$

287,500

$

293,000

$

580,500

$

Schedule of quantitative information regarding Level 3 fair value measurements inputs

December 31,

Inputs:

    

2023

    

2022

 

Common stock price

$

10.64

$

10.18

 

Exercise price

$

11.50

$

11.50

Risk-free rate of interest

 

3.81

%  

 

3.95

%  

Volatility

 

0.00

%  

 

0.00

%  

Term

 

5.21

 

5.25

Warrant to buy one share (adjusted for the probability of dissolution)

$

0.03

$

0.02

Dividend yield

 

0.00

%  

 

0.00

%  

Schedule of quantitative information regarding Level 3 fair value measurements inputs date

    

June 9,

    

September 30,

    

October 11,

    

November 14,

    

December 13,

 

Inputs:

2023

2023

2023

2023

2023

 

Common stock price

$

10.54

$

10.56

$

10.57

$

10.60

$

10.62

Estimated probability of an Initial Business Combination

 

10.00

%  

 

10.00

%  

 

10.00

%  

 

10.00

%  

 

10.00

%

Estimated volatility

 

76.56

%  

 

65.96

%  

 

64.90

%  

 

63.91

%  

 

65.52

%

Risk-free rate

 

5.10

%  

 

5.39

%  

 

5.31

%  

 

5.17

%  

 

4.88

%

Time to expiration

 

1.00

 

1.00

 

1.00

 

1.00

 

1.00