Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2023

Fair Value Disclosures [Abstract]

Summary of Assets and Liabilities that are Measured at Fair Value on a 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 June 30, 2023 and December 31, 2022, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

	June 30, 2023				December 31, 2022
	Level		Amount		Level		Amount
Assets:
Marketable securities held in Trust Account		1	$	10,453,981		1	$	10,325,848
Liabilities:
Warrant Liability – Private Placement Warrants		3	$	22,750		3	$	16,380

Summary of Fair Value Measurements Inputs

The following table provides quantitative information regarding Level 3 fair value measurements:

	June 30, 2023			December 31, 2022
Stock price	$	10.42		$	9.96
Exercise price	$	11.50		$	11.50
Expected term (in years)		0.60			0.59
Volatility		37.5	%		32.00	%
Risk-free rate		n/a			5.60	%
Dividend yield		0.0	%		0.00	%

Summary of Change in the Fair Value of Warrant Liabilities

The following table presents the changes in the fair value of Level 3 warrant liabilities:

	Warrant Liabilities
Fair value as of December 31, 2022	$	16,380
Change in fair value		42,770
Fair value as of March 31, 2023	$	59,150
Change in fair value		(36,400	)
Fair value as of June 30, 2023	$	22,750

	Warrant Liabilities
Fair value as of December 31, 2021	$	250,250
Change in fair value		(54,600	)
Fair value as of March 31, 2022	$	195,650
Change in fair value		(118,300	)
Fair value as of June 30, 2022	$	77,350