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FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended
Mar. 31, 2023
FAIR VALUE MEASUREMENTS  
Schedule of Company's assets and liabilities that are measured at fair value on a recurring basis

March 31, 2023

    

Quoted Prices in Active

    

Significant Other

    

Significant Other

Markets

Observable Inputs

Unobservable Inputs

Description

    

(Level 1)

    

(Level 2)

    

(Level 3)

Assets:

Investments held in Trust Account - U.S. Treasury Securities

$

148,987,403

$

$

Liabilities:

Derivative liabilities - Public Warrants

$

$

191,667

$

Derivative liabilities - Private Placement Warrants

$

$

211,805

$

Derivative liabilities - Forward Purchase Agreement

$

$

$

164,325

December 31, 2022

Quoted Prices in Active

Significant Other

Significant Other

Markets

Observable Inputs

Unobservable Inputs

Description

    

(Level 1)

    

(Level 2)

    

(Level 3)

Assets:

 

  

 

  

 

  

Investments held in Trust Account - U.S. Treasury Securities

$

147,455,089

$

$

Liabilities:

 

  

 

  

 

  

Derivative liabilities - Public Warrants

$

$

191,667

$

Derivative liabilities - Private Placement Warrants

$

$

211,805

$

Derivative liabilities - Forward Purchase Agreement

$

$

$

140,342

Schedule of quantitative information regarding Level 3 fair value measurements inputs

    

March 31, 2023

    

December 31, 2022

Share price

10.37

10.15

Term (years)

0.5

0.5

Risk-free rate

    

3.53

%

4.64

%

Schedule of change in fair value of derivative liabilities measured with Level 3 inputs

Derivative liabilities at January 1, 2022

    

$

Transfer of Forward Purchase Agreement to Level 3

140,342

Derivative liabilities at December 31, 2022

140,342

Change in fair value of derivative liabilities

23,983

Derivative liabilities at March 31, 2023

$

164,325