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Recurring Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2023
Recurring Fair Value Measurements  
Summary of assets and liabilities that were measured at fair value on a recurring basis

The following table presents information about the Company’s assets and liabilities that were measured at fair value on a recurring basis as of March 31, 2023 and indicates the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value.

    

Level 1

    

Level 2

    

Level 3

Assets:

 

  

 

  

 

  

U.S. Money Market held in Trust Account

$

271,757,366

$

$

$

271,757,366

$

$

Liabilities:

 

 

  

 

  

Public Warrants

$

6,319,356

$

$

Private Placement Warrants

4,672,742

$

6,319,356

$

4,672,742

$

The following table presents information about the Company’s assets and liabilities that were measured at fair value on a recurring basis as of December 31, 2022 and indicates the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value.

    

Level 1

    

Level 2

    

Level 3

Assets:

U.S. Money Market held in Trust Account

$

268,908,716

$

$

$

268,908,716

$

$

Liabilities:

 

 

  

 

  

Public Warrants

$

4,335,166

$

$

Private Placement Warrants

3,107,467

$

4,335,167

$

3,107,467

$

Summary of reconciliation of changes in fair value liability of the beginning and ending balances for the Company's Warrants

Fair value at December 31, 2021

    

$

3,265,830

Promissory note conversion

480,000

Change in fair value

 

(324,766)

Private Placement Warrants reclassified to level 2

(3,421,064)

Fair Value at December 31, 2022

$