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Fair Value Measurement (Tables)
9 Months Ended
Sep. 30, 2024
Fair Value Measurement [Abstract]  
Schedule of Company’s Assets that are Measured at Fair Value on a Recurring Basis The following table presents information about the Company’s assets that are measured at fair value on a recurring basis at September 30, 2024 and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value. The gross holding gains and fair value of held-to-maturity securities at September 30, 2024 are as follows:
   Held-To-Maturity  Level  Amortized
Cost
   Gross
Holding
Loss
   Fair Value 
September 30, 2024  U.S. Treasury Securities (Mature on 10/17/2024)  1  $293,245,166   $89,408   $293,334,573 
Schedule of Quantitative Information Regarding Market Assumptions The following table presents the quantitative information regarding market assumptions used in the valuation of the public warrants:
   May 13,
2024
 
Market price of public stock  $10.00 
Term (years)   6.0 
Risk-free rate   4.5%
Volatility   4.0%
Market pricing adjustment   20.0%
At issuance, the Founder Shares issued to the directors and director nominees were valued using a Monte Carlo model. The public warrants have been classified within shareholders’ deficit and will not require remeasurement after issuance. The following criteria presents the quantitative information regarding market assumptions used in the Founder Share valuations:
   May 13,
2024
 
Market pricing adjustment   20.0%
Spot price  $10.00 
Discount of lack of marketability (DLOM)   13.0%