FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 2023

FAIR VALUE MEASUREMENTS

Schedule of company's financial assets and liabilities that were measured at fair value on a recurring basis

The following table presents information about the Company’s financial assets and liabilities that were measured at fair value on a recurring basis at September 30, 2023, by level within the fair value hierarchy:

	Quoted Prices in		Significant Other		Significant Other
	Active Markets		Observable Inputs		Unobservable Inputs
Description	(Level 1)		(Level 2)		(Level 3)
Liabilities:
Derivative warrant liabilities - Private	$	—	$	—	$	30,516
	$	—	$	—	$	30,516

At September 30, 2023, assets held in the Trust Account comprised of approximately $54.20 million in an interest-bearing demand deposit account.

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

			Significant		Significant
	Quoted Prices		Other		Other
	in Active		Observable		Unobservable
	Markets		Inputs		Inputs
Description	(Level 1)		(Level 2)		(Level 3)
Assets:
Treasury Bills	$	129,951,121	$	—	$	—
	$	129,951,121	$	—	$	—
Liabilities:
Derivative warrant liabilities - Private	$	—	$	—	$	14,241
	$	—	$	—	$	14,241

Schedule of quantitative information regarding Level 3 fair value measurements inputs

	September 30, 2023			December 31, 2022
Exercise price	$	11.50		$	11.50
Stock price		10.50			10.01
Volatility		6.1	%		5.2	%
Probability of completing a Business Combination		9.8	%		8.3	%
Term (in years)		5.26			5.21
Risk-free rate		4.50	%		3.91	%

Schedule of change in the fair value of the warrant liabilities

Derivative warrant liabilities at December 31, 2022	$	14,241
Change in fair value of derivative warrant liabilities		24,413
Derivative warrant liabilities at June 30, 2023		38,654
Change in fair value of derivative warrant liabilities		(8,138)
Derivative warrant liabilities at September 30, 2023	$	30,516