Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2023

Fair Value Disclosures [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 March 31, 2023 and December 31, 2022, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

	March 31, 2023		Quoted Prices In Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)
Liabilities:
Public Warrants Liability	$	1,552,787	$	1,552,787	$	—	$	—
Private Placement Warrants Liability		976,753		—		—		976,753
	$	2,529,540	$	1,552,787	$	—	$	976,753

	December 31, 2022		Quoted Prices In Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)
Assets:
U.S. Money Market Funds held in Trust Account	$	320,678,313	$	320,678,313	$	—	$	—
Liabilities:
Public Warrants Liability	$	632,500	$	632,500	$	—	$	—
Private Placement Warrants Liability		414,314		—		—		414,314
	$	1,046,814	$	632,500	$	—	$	414,314

Changes in Level 3 Liabilities

The following table presents the changes in Level 3 liabilities for the period ended March 31, 2023 and December 31, 2022:

Fair Value at January 1, 2022	$	5,550,399
Change in fair value of private warrants		(5,136,085	)
Fair Value of private warrants at December 31, 2022	$	414,314
Change in fair value of private warrants		562,439
Fair Value of private warrants at March 31, 2023	$	976,753

Key Inputs into Monte Carlo Simulation

The key inputs into the Monte Carlo simulation as of March 31, 2023 and December 31, 2022 were as follows:

Inputs	December 31, 2022			March 31, 2023
Risk-free interest rate		4.74	%		4.52	%
Expected term remaining (years)		0.89			1.21
Expected volatility		7.8	%		8.0	%
Stock price	$	10.06		$	10.09