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 Measurements [Abstract]  
Schedule of Fair Value Hierarchy In accordance with the fair value hierarchy described above, the following tables show the fair value of the Company’s financial liabilities that are required to be measured at fair value on a recurring basis and the related activity for the periods presented:
    Fair Value as of September 30, 2023  
    Carrying Value     Level 1     Level 2     Level 3  
Financial liabilities:                        
Warrant liability - Public Warrants   $ 1,897,500     $ 1,897,500     $
   -
    $
-
 
Warrant liability - Private Warrants     1,636,052      
-
     
-
      1,636,052  
Warrant liability - SPA Warrants     10,969,897      
-
     
-
      10,969,897  
Total   $ 14,503,449     $ 1,897,500     $
-
    $ 12,605,949  

 

Schedule of Changes in Fair Value The following table sets forth a summary of the changes in fair value of the Company’s financial liabilities:
    Warrant  
    Liability  
Balance, December 31, 2022   $ 32,688,341  
Loss on exchange of warrants     590,266  
Change in fair value of warrant liabilities     (18,775,158 )
Balance, September 30, 2023   $ 14,503,449