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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]  
Summary Of Company's Assets And Liabilities That Are Measured At Fair Value
The following table presents information about the Company’s assets and liabilities that are measured at fair value at December 31, 2022 and December 31, 2021, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Description:
  
Level
    
December 31,
2022
    
December 31,
2021
 
Assets:
                          
Investments held in Trust Account
     1      $ 237,373,538        234,616,116  
Liabilities:
                          
Warrant liability – Private Placement Warrants
     3      $ 732,000        7,320,000  
Warrant liability – Public Warrants
     1        667,000        6,670,000  
Summary Of The Changes In The Fair Value Of The Company's Financial Instruments That Are Measured At Fair Value On A Recurring Basis
The following table provides a summary of the changes in the fair value of the Company’s financial instruments that are measured at fair value on a recurring basis:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
    
Private
Placement
Warrants
    
Public
Warrants
    
Total
 
Fair value at December 31, 2021
   $ 7,320,000      $ 6,670,000      $ 13,990,000  
Change in fair value
     (6,588,000      (6,003,000      (12,591,000
    
 
 
    
 
 
    
 
 
 
Fair value at December 31, 2022
   $ 732,000      $ 667,000      $ 1,399,000  
    
 
 
    
 
 
    
 
 
 
Summary Of Fair Value Of The Derivative Feature Of The Warrants Was Calculated Using The Following Range Of Weighted Average Assumptions
As of December 31, 2022 and December 31, 2021, the fair value of the derivative feature of the Warrants was calculated using the following range of weighted average assumptions:
 
 
 
 
 
 
 
 
 
 
    
December 31,
2022
   
December 31,
2021
 
Risk-free interest rate
     3.99     1.26
Expected volatility of underlying shares
     2.00     12.0
Dividend yield
     0     0
Probability of business combination
     12     90
Level 3 [Member]  
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]  
Summary Of The Changes In The Fair Value Of The Company's Financial Instruments That Are Measured At Fair Value On A Recurring Basis
The table below provides a summary of the changes in fair value, including net transfers in and/or out, of all financial assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the years ended December 31, 2022 and 2021:
 
 
 
 
 
 
    
Fair Value
Measurement
Using Level 3
Inputs Total
 
Balance, November 2, 2021
   $ —    
Derivative liabilities recorded on issuance of derivative warrants
     31,260,000  
Transfer to Level 1
     (15,180,000
Change in fair value of derivative liabilities
     (8,760,000
    
 
 
 
Balance, December 31, 2021
   $ 7,320,000  
    
 
 
 
 
 
 
 
 
 
    
Fair Value
Measurement
Using Level 3
Inputs Total
 
Balance, fair value at December 31, 2021
   $ 7,320,000  
Change in fair value of derivative warrant liabilities
     (6,588,000
    
 
 
 
Balance, fair value at December 31, 2022
   $ 732,000