Registration of securities issued in business combination transactions

Related Party Transactions (Tables)

v3.23.4
Related Party Transactions (Tables)
9 Months Ended
Sep. 30, 2023
Related Party Transactions [Abstract]  
Schedule of Fair Value of the Founders Shares The fair value of the founders shares was based on the following significant inputs:
 

January 25,
2023

Share price at grant date

 

$

10.03

 

Risk-free interest rate

 

 

4.67

%

Remaining life of SPAC (assuming the Extended Date)

 

 

0.52

 

Value in no De-SPAC scenario

 

$

10.39

 

Probability of transaction

 

 

50

%

Discount rate

 

 

5

%

 

July 25,
2023

Share price at grant date

 

$

10.71

 

Risk-free interest rate

 

 

5.43

%

Remaining life of SPAC (assuming the Extended Date)

 

 

0.53

 

Value in no De-SPAC scenario

 

$

10.60

 

Probability of transaction

 

 

50

%

Discount rate

 

 

5

%