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Condensed Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
General and administrative expenses $ 143,462 $ 616 $ 380,614 $ 1,933
Loss from operations (143,462) (616) (380,614) (1,933)
Other income:        
Interest earned on marketable securities held in Trust Account 3,799,919 5,747,982
Total other income 3,799,919 5,747,982
Net income (loss) $ 3,656,457 $ (616) $ 5,367,368 $ (1,933)
Class A Ordinary Shares        
Other income:        
Basic weighted average shares outstanding (in Shares) 28,750,000 14,794,708
Diluted weighted average shares outstanding (in Shares) 28,750,000 14,794,708
Basic net income per share (in Dollars per share) $ 0.1 $ 0.25
Diluted net income per share (in Dollars per share) $ 0.1 $ 0.25
Class B Ordinary Shares        
Other income:        
Basic weighted average shares outstanding (in Shares) [1] 7,187,500 6,250,000 6,732,436 6,250,000
Diluted weighted average shares outstanding (in Shares) [1] 7,187,500 6,250,000 6,732,436 6,250,000
Basic net income per share (in Dollars per share) $ 0.1 $ 0.25
Diluted net income per share (in Dollars per share) $ 0.1 $ 0.25
[1] Excludes an aggregate of up to 937,500 Class B ordinary shares subject to forfeiture by the holders thereof depending on the extent to which the underwriter’s over-allotment option is exercised (see Note 5). On February 1, 2021, the Company effected a share surrender pursuant to which 4,312,500 Class B ordinary shares were canceled, resulting in an aggregate of 7,187,500 Class B ordinary shares outstanding. On December 17, 2021, the Company effected a share capitalization with respect to Class B ordinary shares of 2,395,834 shares, resulting in the GPIAC II, LLC (the “GP sponsor”), IDS III LLC (the “Act III sponsor” and prior to March 7, 2024, together with GP sponsor, the “Co-sponsors”) and the Company’s independent directors at the time holding an aggregate of 9,583,334 Class B ordinary shares. On December 29, 2023, the Company effected a share surrender pursuant to which 2,395,834 Class B ordinary shares were canceled, resulting in an aggregate of 7,187,500 Class B ordinary shares outstanding. All share and per-share amounts have been retroactively restated to reflect the share capitalizations (see Note 5). On May 13, 2024, as a result of the underwriter’s election to fully exercise its over-allotment option, the 937,500 shares are no longer subject to forfeiture.