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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 indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

Description
  
Level
    
December 31, 2022
  
Assets:
            
Marketable securities held in Trust Account
    
1
    
$
297,619,343
  
 
                
Liabilities:
                
Warrant liability – Public Warrants
    
1
      
287,500
  
Warrant liability – Private Placement Warrants
    
3
      
260,000
  
Level 3 Fair Value Measurement Inputs

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

 
  
January 25, 2022
(Initial
Measurement)
    
December 31, 2022
  
Stock price
  
$
9.77
    
$
10.26
  
Exercise price
  
$
11.50
    
$
11.50
  
Expected term (in years)
    
5.0
      
5.0
  
Volatility
    
9.80
%
    
5.9
%
Risk-free rate
    
1.53
%
    
4.69
%
Dividend yield
    
0.0
%
    
0.0
%
Changes in Fair Value of Level 3 Warrant Liabilities

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

 
  
Private
 Placement
    
Public
    
Warrant Liabilities
  
Initial measurement on January 25, 2022
  
$
6,370,000
    
$
7,043,750
    
$
13,413,750
  
Change in fair value
    
(6,110,000
)
    
(4,168,750
)
    
(10,278,750
)
Transfer to Level 1
    
—
      
(2,875,000
)
    
(2,875,000
)
Fair value as of December 31, 2022
  
$
260,000
    
$
—
    
$
260,000