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RECURRING FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Dec. 31, 2022
RECURRING FAIR VALUE MEASUREMENTS  
Schedule of Company's gross holding gains and fair value of held-to-maturity securities

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Gross

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Amortized

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Holding

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Held-To-Maturity

    

Level

    

Cost

    

Gain

    

Fair Value

December 31, 2022

 

U.S. Treasury Bill (Matures on 01/05/2023)

 

1

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$

279,339,034

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$

40,537

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$

279,379,571

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December 31, 2021

 

U.S. Treasury Bill (Matures on 01/06/2022)

 

1

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$

276,079,635

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$

1,273

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$

276,080,908

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Schedule of Company's liabilities that were measured at fair value on a recurring basis

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Level 1

    

Level 2

    

Level 3

Liabilities:

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Private Placement Warrants

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$

—

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$

—

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$

250,239

Public Warrants

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$

—

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$

419,520

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$

—

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Level 1

    

Level 2

    

Level 3

Liabilities:

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Private Placement Warrants

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$

—

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$

—

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$

2,692,800

Public Warrants

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$

4,692,000

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$

—

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$

—

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Schedule of key inputs

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December 31, 

    

December 31, 

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Input

    

2021

    

2022

 

Risk-free interest rate

 

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1.26

%

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4.75

%

Expected term (years)

 

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5.0

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5.71

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Expected volatility

 

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10.50

%

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9.8

%

Dividend rate

 

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0.0

%

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0.0

%

Exercise price

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$

11.50

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$

11.50

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Market implied likelihood of Initial Business Combination

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​

—

%

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8.9

%

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Schedule of reconciliation of changes in fair value of the assets and liabilities classified as level 3

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Fair value at issuance February 11, 2021

    

$

18,028,933

Public Warrants reclassified to level 1

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(9,200,000)

Issuance of Private Placement Warrants upon conversion of Working Capital Loans

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68,000

Change in fair value

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(6,204,133)

Fair Value at December 31, 2021

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$

2,692,800

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Fair Value at December 31, 2021

    

$

2,692,800

Change in fair value

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(2,442,561)

Fair Value at December 31, 2022

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$

250,239