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Fair Value Measurements (Tables)
9 Months Ended
Mar. 31, 2023
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  $2,926,030   $
   $
 
Liabilities:               
Derivative warrant liabilities - Private  $
   $
   $154,700 

 

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
March 31,
2023
 
Volatility   n/a    n/a 
Stock price  $10.15   $10.89 
Probability of Business Combination   40%   2.25%
Expected life of the options to convert   5.46    5.11 
Risk-free rate   3.0%   3.5%
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 
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 
Change in fair value of derivative warrant liabilities, Level 3   (66,300)
Derivative warrant liabilities - Level 3, at March 31, 2023 - Level 3  $154,700 
      
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 
Change in fair value of derivative warrant liabilities, Level 3   (1,950,330)
Derivative warrant liabilities - Level 3, at March 31, 2022 - Level 3   828,750