Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2023

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 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:

Description:	Level		June 30, 2023		December 31, 2022
Assets:
Investments in Treasury Bills		1	$	475,918		—
Investments held in Trust Account		1	$	17,256,161	$	237,373,538
Liabilities:
Warrant liability – Private Placement Warrants		3	$	480,000	$	1,200,000
Warrant liability – Public Warrants		1	$	460,000	$	1,150,000

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, 2022	$	1,200,000		$	1,150,000		$	2,350,000
Change in fair value		(720,000	)		(690,000	)		(1,410,000	)
Fair value at June 30, 2023	$	480,000		$	460,000		$	940,000

Summary Of Fair Value Of The Derivative Feature Of The Warrants Was Calculated Using The Following Range Of Weighted Average Assumptions

As of June 30, 2023 and December 31, 2022, the fair value of the derivative feature of the Warrants was calculated using the following range of weighted average assumptions:

	June 30, 2023			December 31, 2022
Risk-free interest rate		4.13	%		3.99	%
Expected volatility of underlying shares		2.00	%		2.00	%
Dividend yield		0	%		0	%
Probability of business combination		4.00	%		12.00	%

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 three and six months ended June 30, 2023:

	Fair Value Measurement Using Level 3 Inputs Total
Balance, fair value at March 31, 2023	$	960,000
Change in fair value of derivative warrant liabilities		(480,000	)
Balance, fair value at June 30, 2023	$	480,000

	Fair Value Measurement Using Level 3 Inputs Total
Balance, fair value at December 31, 2022	$	1,200,000
Change in fair value of derivative warrant liabilities		(720,000	)
Balance, fair value at June 30, 2023	$	480,000