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Fair Value Measurements (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2023
Dec. 31, 2022
Statement [Line Items]    
Schedule of quantitative information regarding Level 3 fair value measurements inputs

    

March 31, 2023

    

March 30, 2023

 

Risk-free interest rate

 

3.70

%  

3.80

%

Expected volatility

 

40

%  

40

%

Expected dividend yield

 

%  

%

 
Schedule of change in the derivative fair value of the warrant liabilities

    

    

Derivative

    

private

Derivative

Contingent

placement

stock

earnout

warrant

option

liability

liability

liability

Liability at January 1, 2023

$

$

$

Recognition

 

242,211,404

 

625,370

 

1,189,685

Forfeitures

 

 

(890,001)

 

Change in fair value

 

203,418,892

 

1,213,963

 

922,263

Liability at March 31, 2023

$

445,630,296

$

949,332

$

2,111,948

 
DiamondHead Holdings Corp.    
Statement [Line Items]    
Schedule of company's financial assets and liabilities that are measured at fair value on a recurring basis  

Fair Value Measured as of December 31, 2022

    

Level 1

    

Level 2

    

Level 3

    

Total

Assets:

Investments held in Trust Account – Money Market Funds

$

349,152,086

$

$

$

349,152,086

Liabilities:

 

  

 

  

 

  

 

  

Derivative public warrant liabilities

$

905,630

$

$

$

905,630

Derivative private warrant liabilities

$

$

$

625,370

$

625,370

Fair Value Measured as of December 31, 2021

    

Level 1

    

Level 2

    

Level 3

    

Total

Assets

Investments held in Trust Account – Money Market Funds

 

$

345,020,717

$

 

$

$

345,020,717

Liabilities:

Derivative public warrant liabilities

$

5,175,000

$

$

$

5,175,000

Derivative private warrant liabilities

$

$

$

3,619,330

$

3,619,330

Schedule of quantitative information regarding Level 3 fair value measurements inputs  

    

As of December 31,

    

As of December 31,

 

2022

2021

 

Exercise price

$

11.50

$

11.50

Stock Price

$

10.05

$

9.74

Option term (in years)

5.00

4.82

Volatility

40

%  

12

%

Risk-free interest rate

4.1

%  

1.3

%

Schedule of change in the derivative fair value of the warrant liabilities  

Derivative warrant liabilities at January 1, 2022 – Level 3

    

$

3,619,330

Change in fair value of derivative warrant liabilities – Level 3

(2,993,960)

Derivative warrant liabilities at December 31, 2022 – Level 3

$

625,370

Derivative warrant liabilities at January 1, 2021 – Level 3

   

$

Issuance of Derivative Warrants – Level 3

 

13,161,830

Transfer of Public Warrants to Level 1

(7,762,500)

Change in fair value of derivative warrant liabilities – Level 3

(1,780,000)

Derivative warrant liabilities at December 31, 2021 – Level 3

$

3,619,330