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Initial Public Offering (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2024

Dec. 31, 2023

Initial Public Offering [Abstract]

Schedule of Common Stock Subject to Redemption Reflected on the Condensed Balance Sheets

As of September 30, 2024 and December 31, 2023, the common stock subject to possible redemption reflected on the condensed balance sheets is reconciled in the following table:

Gross proceeds, including over-allotment		$	248,693,420
Less:
Proceeds allocated to Public Warrants			(8,264,360	)
Class A common stock issuance costs			(13,734,146	)
Plus:
Accretion of carrying value to redemption value			27,119,341
Class A common stock subject to possible redemption, December 31, 2022			253,814,255
Less:
Redemption of shares			(96,791,644	)
Plus:
Accretion of carrying value to redemption value			8,699,271
Class A common stock subject to possible redemption, December 31, 2023		$	165,721,882
Less:
Redemption of shares			(115,489,643	)
Plus:
Accretion of carrying value to redemption value			1,764,032
Class A common stock subject to possible redemption, September 30, 2024 (unaudited)		$	51,996,271

As of December 31, 2023 and 2022, the common stock subject to redemption reflected on the balance sheets is reconciled in the following table:

Gross proceeds, including over-allotment		$	248,693,420
Less:
Proceeds allocated to Public Warrants			(8,264,360	)
Class A common stock issuance costs			(13,734,146	)
Plus:
Accretion of carrying value to redemption value			27,119,341
Class A common stock subject to possible redemption, December 31, 2022			253,814,255
Less:
Redemption of shares			(96,791,644	)
Plus:
Accretion of carrying value to redemption value			8,699,271
Class A common stock subject to possible redemption, December 31, 2023		$	165,721,882

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- References

No definition available.

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- Definition

Tabular disclosure of temporary equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(27))
-SubTopic 10
-Topic 210
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 480
-SubTopic 10
-Section S99
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480244/480-10-S99-1

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