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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2023
Summary of Significant Accounting Policies  
Schedule of class A common stock, classified as temporary equity in the condensed balance sheets

As of December 31, 2023 and 2022, the Class A common stock, classified as temporary equity in the balance sheets reconciled in the following table:

Class A common stock subject to possible redemption, December 31, 2021

    

$

234,600,690

Remeasurement of Class A common stock subject to possible redemption

3,383,823

Class A common stock subject to possible redemption, December 31, 2022

237,984,513

Remeasurement of Class A common stock subject to possible redemption

 

6,707,678

Share redemptions payable

(197,694,657)

Trust Account withdrawal for tax payments

(2,287,729)

Class A common stock subject to possible redemption, December 31, 2023

$

44,709,805

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

    

For the Year Ended

    

December 31, 2023

Net income

$

2,729,602

Plus: Trust Account withdrawals for tax payments

2,287,729

Less: Remeasurement of Class A redeemable shares to redemption value

 

(6,707,678)

Net loss including accretion of Class A redeemable shares to redemption value

$

(1,690,348)

For the Year Ended

 

December 31, 2023

 

    

Class A

    

Class A and Class B

    

 

Redeemable Shares

Non-redeemable Shares

Total

Total number of shares

    

4,150,065

    

5,750,000

    

9,900,065

Weighted average shares ratio

 

68

%

32

%

100

%

Net income allocated based on ownership percentage

$

1,865,473

$

864,129

$

2,729,602

Plus: Trust Account withdrawals for tax payments based on weighted average shares ratio

1,563,487

724,242

2,287,729

Less: Remeasurement of Class A redeemable shares to redemption value based on weighted average shares ratio

(4,584,183)

(2,123,495)

(6,707,678)

Less: Accretion applicable to Trust Account withdrawals for tax payments

 

(2,287,729)

 

 

(2,287,729)

Plus: Accretion applicable to remeasurement of Class A redeemable shares to redemption value

 

6,707,678

 

 

6,707,678

Total income (loss) based on ownership percentage

$

3,264,726

$

(535,124)

$

2,729,602

Weighted average shares outstanding

 

12,413,050

 

5,750,000

 

Basic and diluted net income (loss) per share

$

0.26

$

(0.09)

 

For the Year Ended

    

December 31, 2022

Net income

$

18,132,948

Less: Remeasurement of Class A redeemable shares to redemption value

(3,383,823)

Net income including accretion of Class A redeemable shares to redemption value

$

14,749,125

For the Year Ended

December 31, 2022

 

Class A

Class A and Class B

 

Redeemable Shares

Non-redeemable Shares

Total

Total number of shares

    

23,000,000

    

5,750,000

    

28,750,000

Ownership percentage

 

80

%  

20

%  

100

%

Net income allocated based on ownership percentage

 

$

14,506,359

 

$

3,626,589

 

$

18,132,948

Less: Remeasurement of Class A redeemable shares to redemption value based on ownership percentage

 

(2,707,058)

 

(676,765)

 

(3,383,823)

Plus: Accretion applicable to remeasurement of Class A redeemable shares to redemption value

 

3,383,823

 

 

3,383,823

Total income (loss) based on ownership percentage

$

15,183,124

$

2,949,824

$

18,132,948

Weighted average shares outstanding

 

23,000,000

 

5,750,000

 

Basic and diluted net income per share

$

0.66

$

0.51