Recurring Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2023

Recurring Fair Value Measurements [Abstract]

Schedule of Assets and Liabilities That Were Accounted For at Fair Value on a Recurring Basis

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

	Carrying Value		(Level 1)		(Level 2)		(Level 3)
Assets:
Investments held in Trust Account - U.S. Treasury Securities
U.S. Treasury Securities	$	47,762,784	$	47,762,784		—		—
Liabilities:
Private Placement Warrants		—		—		—		—
Public Warrants		606,667		606,667		—		—

	Carrying Value		(Level 1)		(Level 2)		(Level 3)
Assets:
Investments held in Trust Account - U.S. Treasury Securities
U.S. Treasury Securities	$	404,097,322	$	404,097,322		—		—
Liabilities:
Private Placement Warrants		—		—		—		—
Public Warrants		725,333		725,333		—		—

Schedule of Monte Carlo Simulation Model for the Warrants

The key inputs into the Monte Carlo simulation model for the Warrants were as follows at December 31, 2022 for the private warrants:

	December 31, 2022
Risk-free interest rate		4.63	%
Expected term (years)		1.30
Expected volatility		6.3	%
Exercise price	$	11.50
Probability of completing a business combination		15	%
Dividend yield		0

M3-Brigade Acquisition II Corp. 10-Q