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FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 2023

Fair Value Disclosures [Abstract]

SCHEDULE OF FAIR VALUE HIERARCHY OF VALUATION TECHNIQUES

 SCHEDULE OF FAIR VALUE HIERARCHY OF VALUATION TECHNIQUES

Description		(Level 1)				(Level 2)				(Level 3)
		September 30, 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		$	19,308,261			$	—			$	—
Warrant Liabilities:
Public Warrants		$	575,000			$	—			$	—
Private Placement Warrants		$	—			$	—			$	29,849

Description		(Level 1)				(Level 2)				(Level 3)
		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

SCHEDULE OF FAIR VALUE MEASUREMENTS INPUTS AS THEIR MEASUREMENT DATES

The following table provides quantitative information regarding Level 3 fair value measurements inputs as their measurement dates:

 SCHEDULE OF FAIR VALUE MEASUREMENTS INPUTS AS THEIR MEASUREMENT DATES

		September 30, 2023				December 31, 2022
		(Private Warrants)				(Private Warrants)
Exercise price		$	11.50			$	11.50
Share price		$	11.26			$	10.44
Expected term (years)			5.61				5.12
Probability of Acquisition			2.10	%			2.75	%
Volatility			7.9	%			4.2	%
Risk-free rate			4.50	%			3.91	%
Dividend yield (per share)		$	0.00			$	0.00

SCHEDULE OF CHANGES IN FAIR VALUE OF DERIVATIVE WARRANT LIABILITIES

The change in the fair value of the derivative warrant liabilities for the three months ended September 30, 2023 and 2022 is as follows:

 SCHEDULE OF CHANGES IN FAIR VALUE OF DERIVATIVE 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)			12,291				230,000				242,291
Fair value as of September 30, 2023		$	29,849			$	575,000			$	604,849

		Private Warrants				Public Warrants				Total Warrant Liability
Fair value as of December 31, 2021		$	251,668			$	4,600,000			$	4,851,668
Fair value, beginning balance		$	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 September 30, 2022		$	134,028			$	1,955,000			$	2,089,028
Fair value, ending balance		$	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.

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.

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-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-SubTopic 10
-Topic 820
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

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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

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-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
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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
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-SubTopic 10
-Topic 820
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

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