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Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2023

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Schedule of Fair Value Liabilities Measured on Recurring Basis

The following table presents information about the Company’s financial assets and liabilities that are measured at fair value on a recurring basis as of June 30, 2023 and December 31, 2022, by level within the fair value hierarchy:

 Schedule of Fair Value Liabilities Measured on Recurring Basis

		Fair Value Measurements Using
At June 30, 2023		(Level 1)				(Level 2)				(Level 3)				Total
Description
Assets
Marketable securities held in Trust Account		$	13,125,461			$	-			$	-			$	13,125,461
Liabilities:
Warrant liabilities - public warrants		$	575,000			$	-			$	-			$	575,000
Warrant liabilities - private warrants		$	-			$	-			$	739			$	739

		Fair Value Measurements Using
At December 31, 2022		(Level 1)				(Level 2)				(Level 3)				Total
Description
Assets
Marketable securities held in trust account		$	12,834,629			$	-			$	-			$	12,834,629
Liabilities:
Warrant liabilities - public warrants		$	368,000			$	-			$	-			$	368,000
Warrant liabilities - private warrants		$	-			$	-			$	1,902			$	1,902

Schedule of Fair Value Measurements

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

 Schedule of Fair Value Measurements

		At June 30, 2023				At December 31, 2022
Share price		$	10.87			$	10.45
Exercise price		$	11.5			$	11.5
Expected dividend yield			0	%			0	%
Expected volatility			4.96	%			2.97	%
Risk-free interest rate			5.31	%			4.85	%
Expected life (in years)			0.13				0.67

Schedule of Fair Value Warrant Liabilities

The following table presents the changes in the fair value of derivative warrant liabilities:

 Schedule of Fair Value Warrant Liabilities

		Private Placement Warrants				Public Warrants				Total Warrant Liabilities
Fair value as of January 1, 2023		$	1,902			$	368,000			$	369,902
Change in valuation inputs or other assumptions			(1,163	)			207,000				205,837
Fair value as of June 30, 2023		$	739			$	575,000			$	575,739

Fair Value, Inputs, Level 3 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Schedule of Fair Value Warrant Liabilities

The following table provides a reconciliation of changes in fair value of the beginning and ending balances for the liabilities classified as Level 3:

 Schedule of Fair Value Warrant Liabilities

		Private Placement Warrants				Public Warrants				Warrant Liabilities
Fair value of Level 3 warrants at January 1, 2023		$	1,902			$	-			$	1,902
Change in valuation inputs or other assumptions			(1,163	)			-				(1,163	)
Fair value of Level 3 warrants at June 30, 2023		$	739			$	-			$	739

X

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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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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Tabular disclosure of liabilities, 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). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

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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.

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