Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENTS (Tables)

v3.23.3
FAIR VALUE MEASUREMENTS (Tables)
 9 Months Ended
Sep. 30, 2023
Fair Value Disclosures [Abstract]  
Schedule of fair value warrant liability
                               
    Amount at
Fair Value		     Level 1     Level 2     Level 3  
September 30, 2023                                
Assets                                
Investments held in Trust Account:                                
Money Market investments   $ 212,046,647     $ 212,046,647     $ -     $ -  
Liabilities                                
Warrant liability – Public Warrants     999,762       999,762       -       -  
Warrant liability – Private Placement Warrants     899,857       -       -       899,857  
    $ 1,899,619     $ 999,762     $ -     $ 899,857  
December 31, 2022                                
Assets                                
Investments held in Trust Account:                                
Money Market investments   $ 204,641,162     $ 204,641,162     $ -     $ -  
Liabilities                                
Warrant liability – Public Warrants     1,599,620       1,599,620       -       -  
Warrant liability – Private Placement Warrants     1,439,771       -       -       1,439,771  
    $ 3,039,391     $ 1,599,620     $ -     $ 1,439,771  
Schedule of fair value of the private placement warrants
               
    As of
September 30,
2023 		    As of
December 31,
2022		  
Stock price   $ 9.80     $ 10.06  
Exercise price   $ 11.50     $ 11.50  
Dividend yield     - %     - %
Expected term (in years)     5.38       5.34  
Volatility     6.4 %     5.0 %
Risk-free rate     4.50 %     3.91 %
Fair value   $ 0.10     $ 0.16  
Schedule of fair value financial instruments
       
Fair value as of December 31, 2022 - private placement warrants   $ 1,439,771  
Change in fair value     269,958  
Fair value as of March 31, 2023 - private placement warrants     1,709,729  
Change in fair value     (809,872 )
Fair value as of June 30, 2023 - private placement warrants     899,857  
Change in fair value     -  
Fair value as of September 30, 2023 - private placement warrants   $ 899,857