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FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended
Mar. 31, 2024
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 March 31, 2024, 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

8,138

8,138

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, 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

14,241

14,241

Schedule of quantitative information regarding Level 3 fair value measurements inputs

December 31,

    

March 31, 2024

    

2023

Exercise price

11.50

11.50

Stock price

10.85

10.64

Volatility

9.4

%

10.1

%

Probability of completing a Business Combination

2.1

%

4.2

%

Term (in years)

5.42

5.25

Risk-free rate

4.1

%

3.8

%

Schedule of change in the fair value of the warrant liabilities

Derivative warrant liabilities at December 31, 2023

    

$

14,241

Change in fair value of derivative warrant liabilities

(6,103)

Derivative warrant liabilities at March 31, 2024

$

8,138