Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements (Tables)

v3.24.1.1.u2
Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 2024
Schedule of Information about Company's Asset And Liabilities Measured at Fair Value

The following table presents information about the Company’s assets and liabilities that are measured at fair value on March 31, 2024 and December 31, 2023, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

 

March 31, 2024

 

 

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

 

$

85,325,190

 

 

$

85,325,190

 

 

$

—

 

 

$

—

 

 

 

$

85,325,190

 

 

$

85,325,190

 

 

$

—

 

 

$

—

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Warrant liability—Public Warrants

 

$

877,200

 

 

$

877,200

 

 

$

—

 

 

$

—

 

Warrant liability—Private Warrants

 

 

590,320

 

 

 

—

 

 

 

590,320

 

 

 

—

 

 

$

1,467,520

 

 

$

877,200

 

 

$

590,320

 

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2023

 

 

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

 

$

83,854,821

 

 

$

83,854,821

 

 

$

—

 

 

$

—

 

 

 

$

83,854,821

 

 

$

83,854,821

 

 

$

—

 

 

$

—

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Warrant liability—Public Warrants

 

$

328,950

 

 

$

328,950

 

 

$

—

 

 

$

—

 

Warrant liability—Private Warrants

 

 

221,370

 

 

 

—

 

 

 

221,370

 

 

 

—

 

 

$

550,320

 

 

$

328,950

 

 

$

221,370

 

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
Lattice Model  
Summary of Key Inputs for Warrants Liability

The key inputs into the Lattice Model for the Public Warrants liability were as follows at initial measurement:

Input

 

January 24,
2022

 

Risk-free interest rate

 

 

1.37

%

Expected term (years)

 

 

5.33

 

Expected volatility

 

 

9.2

%
Black-Scholes Model  
Summary of Key Inputs for Warrants Liability

The key inputs into the Black-Scholes model for the Private Warrants liability were as follows at initial measurement:

 

Input

 

January 24,
2022

 

Risk-free interest rate

 

 

1.37

%

Expected term (years)

 

 

5.33

 

Expected volatility

 

 

9.2

%

Exercise price

 

$

11.5

 

Dividend yield

 

 

0.00

%