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FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2022

FAIR VALUE MEASUREMENTS

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

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​	​	​	​	​	​	​	​	​	​	​
​		December 31,					December 31,
​	​	2022				​	2021
Description		Level		Fair Value			Level		Fair Value
Assets:				​	​	​		​	​
Money Market Funds		1	​	​	—	​	1	​	$	278,835,182
Liabilities:	​	​	​	​	​	​	​	​	​	​
Warrant liabilities – public warrants		1		$	414,000	​	1	​	$	6,461,798
Warrant liabilities – private placement warrants	​	2	​	$	308,400	​	2	​	$	4,813,571

​

Schedule of change in the fair value of the Level 3 warrant liabilities

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​	​	​	​	​	​	​	​	​	​
​		Private Placement			Public			Warrant Liabilities
Fair value as of December 31, 2020	​	$	9,354,800	​	$	12,558,000	​	$	21,912,800
Change in fair value	​		(2,672,800)	​		(3,588,000)	​		(6,260,800)
Transfer to Level 1	​	​	—	​	​	(8,970,000)	​	​	(8,970,000)
Transfer to Level 2	​	​	(6,682,000)	​	​	—	​	​	(6,682,000)
Fair value as of December 31, 2021	​	$	—	​	$	—	​	$	—

​

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- 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

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- References

No definition available.

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- 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

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