XML 31 R21.htm IDEA: XBRL DOCUMENT v3.22.4
Fair Value Measurements (Tables)
6 Months Ended
Dec. 31, 2022
Fair Value Disclosures [Abstract]  
Schedule of financial assets and liabilities that are measured at fair value on a recurring basis
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  $2,899,400   $
         -
   $
-
 
Liabilities:               
Derivative warrant liabilities - Private  $
-
   $
-
   $221,000 

 

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 December 31,
2022
 
Volatility   n/a   n/a 
Stock price  $10.15   $10.18 
Probability of Business Combination   40%   7%
Expected life of the options to convert   5.46    5.12 
Risk-free rate   3.0%   3.9%
Dividend yield   0.0%   0.0%

 

Schedule of fair value of the derivative warrant liabilities
Derivative warrant liabilities - Level 3, at June 30, 2021 - 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 
Change in fair value of derivative warrant liabilities, Level 3   (165,750)
Derivative warrant liabilities - Level 3, at December 31, 2022 - Level 3  $ 221,000 
      
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 
Change in fair value of derivative warrant liabilities, Level 3   (132,600)
Derivative warrant liabilities - Level 3, at December 31, 2021 - Level 3  2,779,080