XML 90 R55.htm IDEA: XBRL DOCUMENT v3.23.2

FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2023

Dec. 31, 2022

FAIR VALUE MEASUREMENTS

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

​

​	​	​	​	​	​	​	​	​	​
​	​	March 31, 2023
​	​	Quoted Prices in		​	Significant Other		​	Significant Other
​	​	Active Markets		​	Observable Inputs		​	Unobservable Inputs
Description		(Level 1)			(Level 2)			(Level 3)
Asset:		​			​			​
Investments held in Trust Account	​	$	29,725,574	​	$	—	​	$	—
​	​	​	​	​	​	​	​	​	​
Warrant Liabilities:	​		​	​	​	​	​	​	​
Public Warrants	​	$	345,000	​	$	—	​	$	—
Private Placement Warrants	​	$	—	​	$	—	​	$	17,558

​

​	​	​	​	​	​	​	​	​	​
​	​	December 31, 2022
​		Quoted Prices in			Significant Other			Significant Other
​	​	Active Markets		​	Observable Inputs		​	Unobservable Inputs
Description	​	(Level 1)		​	(Level 2)		​	(Level 3)
Asset:	​	​	​	​	​	​	​	​	​
Investments held in Trust Account	​	$	29,029,416	​	$	—	​	$	—
​	​	​	​	​	​	​	​	​	​
Warrant Liabilities:	​	​	​	​	​	​	​	​	​
Public Warrants	​	$	345,000	​	$	—	​	$	—
Private Placement Warrants	​	$	—	​	$	—	​	$	17,558

​

​	​	​	​	​	​	​	​	​	​
​	​	December 31, 2022
​		Quoted Prices in			Significant Other			​	Significant Other
​	​	Active Markets		​	Observable Inputs		​	​	Unobservable Inputs
Description	​	(Level 1)		​	(Level 2)		​	​	(Level 3)
Asset:	​	​	​	​	​	​	​	​	​
Investments  held in Trust Account		$	29,029,416		$	—		$	—
​	​	​	​	​	​	​	​	​	​
Warrant Liabilities:	​	​	​	​	​	​	​	​	​
Public Warrants		$	345,000		$	—		$	—
Private Placement Warrants		$	—		$	—		$	17,558

​

​	​	​	​	​	​	​	​	​	​
​	​	December 31, 2021
​		Quoted Prices in			Significant Other			Significant Other
​	​	Active Markets		​	Observable Inputs		​	Unobservable Inputs
Description	​	(Level 1)		​	(Level 2)		​	(Level 3)
Asset:	​	​	​	​	​	​	​	​	​
Investments held in Trust Account	​	$	117,320,973	​	$	—	​	$	—
​	​	​	​	​	​	​	​	​	​
Warrant Liabilities:	​	​	​	​	​	​	​	​	​
Public Warrants	​	$	4,600,000	​	$	—	​	$	—
Private Placement Warrants	​	$	—	​	$	—	​	$	251,668

Schedule of quantitative information regarding Level 3 fair value measurements inputs

​

​	​	​	​	​	​	​	​
​		March 31, 2023			December 31, 2022		​
​	​	(Private Warrants)			(Private Warrants)		​
Exercise price		$	11.50	​	$	11.50	​
Share price	​	$	10.69		$	10.44	​
Expected term (years)	​	​	5.18		​	5.12	​
Probability of Acquisition	​	​	2.65	%	​	2.75	%
Volatility	​	​	3.2	%	​	4.2	%
Risk-free rate	​	​	3.53	%	​	3.91	%
Dividend yield (per share)	​	$	0.00	​	$	0.00	​

​

​

​	​	​	​	​	​	​	​
​	​	December 31,2022		​	December 31,2021		​
​		(Private Warrants)			(Private Warrants)		​
Exercise price		$	11.50	​	$	11.50	​
Share price	​	$	10.44		$	10.10	​
Expected term (years)	​	​	5.12		​	5.36	​
Probability of Acquisition	​	​	2.75	%	​	100.0	%
Volatility	​	​	4.2	%	​	7.4	%
Risk-free rate	​	​	3.91	%	​	1.28	%
Dividend yield (per share)	​	$	0.00	​	$	0.00	​

​

Schedule of change in the fair value of the warrant liabilities

​

​	​	​	​	​	​	​	​	​	​
​		Private Warrants			Public Warrants			Total Warrant Liability
Fair value as of December 31, 2022	​	$	17,558	​	$	345,000	​	$	362,558
Change in valuation inputs or other assumptions(1)	​		—	​	​	—	​	​	—
Fair value as of March 31, 2023	​	$	17,558	​	$	345,000	​	$	362,558

​

​	​	​	​	​	​	​	​	​	​
​		Private Warrants			Public Warrants			Total Warrant Liability
Fair value as of December 31, 2021	​	$	251,668	​	$	4,600,000	​	$	4,851,668
Change in valuation inputs or other assumptions(1)	​		(117,640)	​		(2,645,000)	​		(2,762,640)
Fair value as of March 31, 2022	​	$	134,028	​	$	1,955,000	​	$	2,089,028

(1) Changes in valuation inputs or other assumptions are recognized in the change in fair value of warrant liability in the consolidated statement of operations.

​

​	​	​	​	​	​	​	​	​	​
​		Private Warrants			Public Warrants			Total Warrant Liability
Fair value as of February 8, 2021(inception)	​	$	—	​	$	—	​	$	—
Change in valuation inputs or other assumptions(1)	​	​	251,668	​	​	4,600,000	​	​	4,851,668
Fair value as of December 31, 2021	​	​	251,668	​	​	4,600,000	​	​	4,851,668
Change in valuation inputs or other assumptions(1)	​	​	(234,110)	​		(4,255,000)		​	(4,489,110)
Fair value as of December 31, 2022	​	$	17,558	​	$	345,000		$	362,558

(1) Changes in valuation inputs or other assumptions are recognized in the change in fair value of warrant liability in the consolidated statement of operations.

X

- Definition

Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

+ Details

Name:	us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

+ Details

Name:	us-gaap_FairValueAssetsMeasuredOnRecurringBasisTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_FairValueDisclosuresAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19279-110258

+ Details

Name:	us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration