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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2023

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of reconciliation of Class A common stock reflected in the condensed balance sheets

​

​	​	​	​
Gross proceeds		$	500,000,000
Less:	​
Class A common stock issuance costs	​	​	(26,652,125)
Plus:	​
Remeasurement of carrying value to redemption value	​	​	31,196,812
Class A common stock subject to possible redemption, December 31, 2022	​	​	504,544,687
Less:	​	​	​
Redemptions	​	​	(215,914,673)
Plus:	​	​	​
Remeasurement of carrying value to redemption value	​	​	14,785,760
Class A common stock subject to possible redemption, December 31, 2023	​	$	303,415,774

Schedule of calculation of basic and diluted net income per share of common stock

The following table reflects the calculation of basic and diluted net income per common share (in dollars, except per share amounts):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

For the Year Ended December 31,

​

​

2023

​

2022

​

​

Redeemable

​

Non-redeemable

​

Redeemable

​

Non-Redeemable

Basic and diluted net income per common share

​

​

​

​

Numerator:

​

​

​

​

Allocation of net income, as adjusted

​

$

9,079,458

​

$

2,788,747

​

$

3,069,406

​

$

856,364

Denominator:

​

​

​

​

Basic and diluted weighted average shares outstanding

​

45,417,697

​

13,950,000

​

50,000,000

​

13,950,000

Basic and diluted net income per common share

​

$

0.20

​

$

0.20

​

$

0.06

​

$

0.06

X

- Definition

Tabular disclosure of information on reconciliation of common stock reflected in the condensed balance sheets.

+ References

No definition available.

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

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