FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2022

FAIR VALUE MEASUREMENTS [Abstract]

Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table presents information about the Company’s assets and liabilities that are measured at fair value on a recurring basis at December 31, 2022 and 2021 and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value.

Description	Level		December 31, 2022		December 31, 2021
Assets:
Investments held in Trust Account		1	$	290,737,917	$	287,523,555
Liabilities:
Warrant Liabilities – Public Warrants		1	$	70,000	$	7,618,750
Warrant Liabilities – Private Placement Warrants		3	$	40,000	$	4,372,500

Key Inputs into Modified Black Scholes Model for Level 3 Warrants

The key inputs into the Modified Black Scholes model for the Level 3 Warrants were as follows:

Input	December 31, 2022			December 31, 2021
Market price of public shares	$	10.04		$	9.70
Risk-free rate		3.94	%		1.30	%
Dividend yield		0.00	%		0.00	%
Exercise price	$	11.50		$	11.50
Volatility		0.0	%		9.50	%
Term to expiration (years)		0.42			5.0

Change in Fair Value of Warrant Liabilities

The following tables present the changes in the fair value of Level 3 warrant liabilities:

	Private Placement
Fair value as of January 1, 2022	$	4,372,500
Change in fair value		(4,332,500	)
Fair value as of December 31, 2022	$	40,000

	Private Placement			Public			Warrant Liabilities
Fair value as of January 1, 2021	$	—		$	—		$	—
Initial measurement on March 4, 2021		7,590,000			13,081,250			20,671,250
Change in fair value		(3,217,500	)		(1,581,250	)		(4,798,750	)
Transfers to Level 1		—			(11,500,000	)		(11,500,000	)
Fair value as of December 31, 2021	$	4,372,500		$	—		$	4,372,500