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Fair Value Measurements (Tables)
3 Months Ended
Sep. 30, 2022
Fair Value Disclosures [Abstract]  
Schedule of financial assets and liabilities that are measured at fair value on a recurring basis
   Quoted
Prices in
Active
   Significant
Other
Observable
   Significant
Other
Unobservable
 
   Markets   Inputs   Inputs 
Description  (Level 1)   (Level 2)   (Level 3) 
Assets:            
Investments held in Trust Account - U.S. Treasury Securities  $23,797,700   $
-
   $
-
 
Liabilities:               
Derivative warrant liabilities - Public  $-   $345,000   $
-
 
Derivative warrant liabilities - Private  $
-
   $
-
   $386,750 

 

Description  Quoted
Prices in
Active
Markets
(Level 1)
   Significant
Other
Observable
Inputs
(Level 2)
   Significant
Other
Unobservable
Inputs
(Level 3)
 
Assets:            
Investments held in Trust Account - U.S. Treasury Securities  $23,454,494   $
                -
   $
-
 
Liabilities:               
Derivative warrant liabilities - Public  $402,500   $
-
   $
-
 
Derivative warrant liabilities - Private  $
-
   $
-
   $663,000 

 

Schedule of regarding level 3 fair value measurements
   As of
June 30,
2022
   As of
September 30,
2022
 
Volatility   2.9%   n/a 
Stock price  $10.15   $10.23 
Probability of Business Combination   40%   10%
Expected life of the options to convert   5.46    5.21 
Risk-free rate   3.0%   4.0%
Dividend yield   0.0%   0.0%

 

Schedule of fair value of the derivative warrant liabilities
Derivative warrant liabilities - Level 3, at June 30, 2022 - Level 3  $663,000 
Change in fair value of derivative warrant liabilities, Level 3   (276,250)
Derivative warrant liabilities - Level 3, at September 30, 2022 - Level 3  $386,750 

 

Derivative warrant liabilities - Level 3, at June 30, 2021 - Level 3  $3,635,450 
Change in fair value of derivative warrant liabilities, Level 3   (723,770)
Derivative warrant liabilities - Level 3, at September 30, 2021 - Level 3  $2,911,680