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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2023
Fair Value Disclosures [Abstract]  
Summary of Assets That Are Measured at Fair Value on a Recurring Basis
The following table presents information about the Company’s assets that are measured at fair value on a recurring basis as of June 30, 2023 and December 31, 2022 including the fair value hierarchy of the valuation techniques that the Company utilized to determine such fair value.
 
     Description    Level    Fair Value  
June 30, 2023
   Marketable securities    1    $ 49,362,200  
December 31, 2022
   Marketable securities    1    $ 234,716,046  
Summary of Liabilities Measured at Fair Value on a Recurring Basis
The following tables present information about the Company’s liabilities that are measured at fair value on a recurring basis as of June 30, 2023 and December 31, 2022, including the fair value hierarchy of the valuation techniques that the Company utilized to determine such fair value.
 
June 30, 2023
  
Level 1
 
  
Level 2
 
  
Level 3
 
  
Total
 
Liabilities:
  
  
  
  
Public Warrants
  
$
251,850
 
  
$
—  
 
  
$
—  
 
  
$
251,850
 
Private Placement Warrants
  
 
—  
 
  
 
194,910
 
  
 
—  
 
  
 
194,910
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Total liabilities
  
$
251,850
 
  
$
194,910
 
  
$
—  
 
  
$
446,760
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
December 31, 2022
  
Level 1
 
  
Level 2
 
  
Level 3
 
  
Total
 
Liabilities:
  
  
  
  
Public Warrants
  
$
346,150
 
  
$
—  
 
  
$
—  
 
  
$
346,150
 
Private Placement Warrants
  
 
—  
 
  
 
267,890
 
  
 
—  
 
  
 
267,890
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Total liabilities
  
$
346,150
 
  
$
267,890
 
  
$
—  
 
  
$
614,040
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Summary of The Changes In The Fair Value of Derivative Warrant Liabilities
The following table presents a summary of the changes in the fair value of Derivative Warrant Liabilities:

 
  
Public
Warrant
Liability
 
  
Public
Warrant
Liability
 
  
Total
 
Fair value at January 1, 2023
  
$
346,150
 
  
$
267,890
 
  
$
614,040
 
Change in fair value (gain)
  
 
(94,300
)
 
  
 
(72,980
)
 
  
 
(167,280
)
 
  
 
 
 
  
 
 
 
  
 
 
 
Fair value as of June 30, 2023
  
$
251,850
 
  
$
194,910
 
  
$
446,760