Registration of securities issued in business combination transactions

Fair Value Measurements (Tables)

v3.23.3
Fair Value Measurements (Tables)
 9 Months Ended 12 Months Ended
Sep. 30, 2023
Dec. 31, 2022
Fair Value Measurements [Abstract]    
Schedule of Company's Financial Assets and Liabilities that are Measured at Fair Value   The following table presents information about the Company’s financial assets and liabilities that are measured at fair value on a recurring basis as of December 31, 2022 and 2021 and indicates the fair value hierarchy of the valuation techniques that the Company utilized to determine such fair value.

Description

  

Quoted Prices
in Active
Markets
(Level 1)

  

Significant Other
Observable
Inputs
(Level 2)

  

Significant Other
Unobservable
Inputs
(Level 3)

Assets:

  

 

    

 

    

 

  

Investments held in Trust Account – US Treasury securities

  

$

291,525,100

  

$

—

  

$

—

Liabilities:

  

 

    

 

    

 

  

Derivative warrant liabilities – Public Warrants

  

$

—

  

$

191,667

  

$

—

Derivative warrant liabilities – Private Placement Warrants

  

$

—

  

$

5,333

  

$

—

Working capital loan – related party

  

$

—

  

$

100,800

  

$

—

Description

  

Quoted Prices
in Active
Markets
(Level 1)

  

Significant Other
Observable
Inputs
(Level 2)

  

Significant Other
Unobservable
Inputs
(Level 3)

Assets:

  

 

    

 

    

 

  

Investments held in Trust Account – U.S. Treasury securities

  

$

287,520,384

  

$

—

  

$

—

Liabilities:

  

 

    

 

    

 

  

Derivative warrant liabilities – Public Warrants

  

$

5,750,000

  

$

—

  

$

—

Derivative warrant liabilities – Private Placement Warrants

  

$

—

  

$

160,000

  

$

—
Schedule of Change in the Fair value of the Derivative Warrant Liabilities   There were no derivative assets and liabilities, measured with Level 3 inputs, for the year ended December 31, 2022. The change in the fair value of the derivative warrant liabilities, measured using Level 3 inputs, for the year ended December 31, 2021 is summarized as follows:

Derivative warrant liabilities at January 1, 2021

  

$

—

 

Issuance of Public and Private Warrants

  

 

10,638,000

 

Transfer of Public Warrants to Level 1

  

 

(10,350,000

)

Transfer of Private Warrants to Level 2

  

 

(288,000

)

Change in fair value of derivative warrant liabilities

  

 

—

 

Derivative warrant liabilities at December 31, 2021

  

$

—

 
Schedule of Financial Assets and Liabilities that are Measured at Fair Value on a Recurring Basis

The following table presents information about the Company’s financial assets and liabilities that are measured at fair value on a recurring basis as of September 30, 2023 and December 31, 2022 and indicates the fair value hierarchy of the valuation techniques that the Company utilized to determine such fair value.

Description

  

Quoted Prices
in Active
Markets
(Level 1)

  

Significant
Other
Observable
Inputs
(Level 2)

  

Significant
Other
Unobservable
Inputs
(Level 3)

Liabilities:

  

 

    

 

    

 

  

Derivative warrant liabilities – Public Warrants

  

$

—

  

$

479,167

  

$

—

Derivative warrant liabilities – Private Placement Warrants

  

$

—

  

$

13,333

  

$

—

Description

  

Quoted Prices
in Active
Markets
(Level 1)

  

Significant
Other
Observable
Inputs
(Level 2)

  

Significant
Other
Unobservable
Inputs
(Level 3)

Assets:

  

 

    

 

    

 

  

Investments held in Trust Account – US Treasury securities

  

$

291,525,100

  

$

—

  

$

—

Liabilities:

  

 

    

 

    

 

  

Derivative warrant liabilities – Public Warrants

  

$

—

  

$

191,667

  

$

—

Derivative warrant liabilities – Private Placement Warrants

  

$

—

  

$

5,333

  

$

—

Working capital loan – related party

  

$

—

  

$

100,800

  

$

—