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Subsequent Events | 9 Months Ended
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Sep. 30, 2024
Subsequent Events [Abstract] |
SUBSEQUENT EVENTS | NOTE 9. SUBSEQUENT EVENTS The Company evaluated subsequent events and transactions that occurred after the balance sheet date up to the date that the financial statements were issued. Other than the developments described below, the Company did not identify any subsequent events that have occurred that would have required adjustment or disclosure in the unaudited condensed consolidated financial statements. On October 4, 2024, the Company and Rowdeston Capital Corp. (“Rowdeston”) entered into an amendment to the advisory serves agreement (the “Amended Advisory Agreement”). Per the Amended Advisory Agreement, Rowdeston has agreed to decrease the fees payable and already invoiced to the Company as of September 30, 2024. The Company agrees to pay Rowdeston a minimum fee of $117,000 on completion of the Business Combination and an additional fee up to a maximum of $83,600 being the remaining amounts invoiced to Swiftmerge to the end of September 30, 2024 that Rowdeston has agreed to forgo subject to the availability of funds within the $5.75 million expense agreed to be funded by the surviving company on completion of the Merger.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/855/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483399/855-10-50-2 + Details
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