Fair Value Measurements
|3 Months Ended|
Mar. 31, 2023
|Fair Value Disclosures [Abstract]|
|Fair value measurements||
Note 8. Fair Value Measurements
The fair value of the Company’s financial assets and liabilities reflects management’s estimate of amounts that the Company would have received in connection with the sale of the assets or paid in connection with the transfer of the liabilities in an orderly transaction between market participants at the measurement date. In connection with measuring the fair value of its assets and liabilities, the Company seeks to maximize the use of observable inputs (market data obtained from independent sources) and to minimize the use of unobservable inputs (internal assumptions about how market participants would price assets and liabilities). The following fair value hierarchy is used to classify assets and liabilities based on the observable inputs and unobservable inputs used in order to value the assets and liabilities:
At March 31, 2023 and December 31, 2022, assets held in the Trust Account were comprised of $287,938,283 and $284,892,172 in money market funds which are invested primarily in U.S. Treasury Securities and are reported as a Level 1 valuation in the fair value hierarchy.