Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2023

Fair Value Measurements

Fair Value, of Assets and Liabilities Measured on Recurring Basis

	As of September 30, 2023
	Level 1		Level 2		Level 3		Total
Assets:
Investments held in Trust Account	$	113,450,197	$	—	$	—	$	113,450,197
Total	$	113,450,197	$	—	$	—	$	113,450,197
	As of December 31, 2022
	Level 1		Level 2		Level 3		Total
Assets:
Investments held in Trust Account	$	235,933,496	$	—	$	—	$	235,933,496
Total	$	235,933,496	$	—	$	—	$	235,933,496

	As of September 30, 2023
	Level 1		Level 2		Level 3		Total
Liabilities:
Warrant liability – Public Warrants	$	805,000	$	—	$	—	$	805,000
Warrant liability - Private Placement Warrants		—		—		514,150		514,150
Total	$	805,000	$	—	$	514,150	$	1,319,150

	As of December 31, 2022
	Level 1		Level 2		Level 3		Total
Liabilities:
Warrant liability – Public Warrants	$	345,000	$	—	$	—	$	345,000
Warrant liability - Private Placement Warrants		—		—		220,350		220,350
Total	$	345,000	$	—	$	220,350	$	565,350

Schedule Of fair value of private warrants Black Scholes method

	September 30, 2023			December 31, 2022
Stock price	$	10.69		$	10.11
Exercise price	$	11.50		$	11.50
Dividend yield		-	%		-	%
Expected term (in years)		5			5
Volatility		3.3	%		2.3	%
Risk-free rate		4.60	%		3.99	%
Fair value	$	0.07		$	0.03

Schedule Of fair value of the Prior Sponsor Working Capital Loan

	July 6, 2023			July 7, 2023			July 13, 2023			July 13, 2023
Conversion price	$	1.00		$	1.00		$	1.00		$	1.00
Private warrant price	$	0.03		$	0.03		$	0.03		$	0.03
Volatility		3.20	%		3.20	%		3.20	%		3.20	%
Term		1.29			1.28			1.27			1.27
Risk-free rate		5.31	%		5.28	%		5.09	%		5.43	%
Dividend yield		0.00	%		0.00	%		0.00	%		0.00	%
Number of steps		50			50			50			50
Drawdown amount – cash value	$	39,585		$	19,602		$	98,089		$	1,692
Fair value	$	1,090		$	540		$	2,717		$	47

	September 6, 2023
Conversion price	$	1.00
Private warrant price	$	0.07
Volatility		3.30	%
Term		1.12
Risk-free rate		5.39	%
Dividend yield		0.00	%
Number of steps		50
Total drawdowns date of forgiveness – cash value	$	158,968
Fair value	$	58,992

Fair Value of financial instruments

	Convertible promissory note – Prior Sponsor Working Capital Loan			Private Placement Warrants		Total
Fair value at  January 1, 2023	$	-		$	220,350	$	220,350
Change in fair value of Private Warrants		-			293,800		293,800
Proceeds from drawdown – cash value		158,968			-		158,968
Change in fair value of convertible note		(99,976	)		-		(99,976	)
Forgiveness of convertible note moved to additional paid in capital		(58,992	)		-		(58,992	)
Fair value at September 30, 2023	$	-		$	514,150	$	514,150

	Private Placement Warrants
Fair value at  January 1, 2022	$	3,819,400
Change in fair value of Private Warrants		(3,231,800	)
Fair value at September 30, 2022	$	587,600