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INCOME TAXES (Tables)
12 Months Ended
Dec. 31, 2022
INCOME TAX  
Schedule of income tax provision

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​

​

​

​

​

​

​

​

​

​

​

​

For the period from

​

​

​

​

​

February 8, 2021

​

​

​

​

​

(inception)

​

​

Year Ended

​

Through

​

​

December 31,

​

December 31, 

​

    

2022

    

2021

Federal

​

​

​

​

​

​

Current

​

$

214,850

​

$

—

Deferred

​

​

(715,345)

​

​

(118,531)

State and Local

​

​

​

​

​

​

Current

​

$

—

​

$

—

Deferred

​

​

—

​

​

—

Change in valuation allowance

​

​

715,345

​

​

118,531

Income tax provision

​

$

214,850

​

$

—

​

Schedule of significant components of the Company's deferred tax assets

​

​

​

​

​

​

For the period from

​

​

​

​

​

February 8, 2021

​

​

​

​

​

(inception)

​

​

Year Ended

​

Through

​

​

December 31,

​

December 31, 

​

    

2022

    

2021

Deferred Tax Assets

 

​

​

​

​

  

Net Operating Loss

​

$

—

​

$

31,893

Sec. 195 Start-up Costs

​

​

833,875

​

​

88,493

Total Deferred Tax Assets

​

​

833,875

​

​

120,386

Deferred Tax Liability

​

​

—

​

​

—

Unrealized gain on Investment in Trust Account

​

​

—

​

​

(1,855)

Total Deferred Tax Assets

​

​

833,875

​

​

(1,855)

Less: Valuation allowance

​

​

(833,875)

​

 

(118,531)

Deferred Tax Assets, net of allowance

​

$

—

​

$

—

Schedule of reconciliation of the federal income tax rate to the Company's effective tax rate

​

​

​

​

​

​

​

​

    

​

​

For the period from

 

​

​

​

​

February 8, 2021

​

​

​

​

​

(inception)

​

​

​

Year Ended

​

Through

​

​

​

December 31,

​

December 31,

 

​

​

2022

​

2021

 

Statutory federal income tax rate

​

21.00

%

21.00

%

State taxes, net of federal tax benefit

​

—

%

—

%

Change in fair value of derivative liabilities

​

(170.93)

%

(25.89)

%

Transaction costs

​

59.18

%

—

%

Transaction costs allocated to warrant issuance

​

—

%

2.57

%

Change in valuation allowance

​

129.71

%

2.32

%

Income tax provision

​

38.96

%

—

%

​