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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2023

SCHEDULE OF RECONCILIATION OF ORDINARY SHARE SUBJECT TO POSSIBLE REDEMPTION

The amount of Class A ordinary shares reflected on the balance sheet are reconciled in the following table:

Class A ordinary shares subject to possible redemption at January 1, 2022		$	202,998,782
Accretion of carrying value to initial redemption value			5,934,098
Class A ordinary shares subject to possible redemption at December 31, 2022		$	208,932,880
Accretion of carrying value to initial redemption value			7,715,207
Redemption of Class A Ordinary Shares			(133,124,975	)
Class A ordinary shares subject to possible redemption at December 31, 2023		$	83,523,112

SCHEDULE OF BASIS AND DILUTED NET LOSS PER ORDINARY SHARES

The following table reflects the calculation of basic and diluted net loss per ordinary share (in dollars, except per share amounts):

		Class A				Class B				Class A				Class B
		For the year ended December 31, 2023								For the year ended December 31, 2022
		Class A				Class B				Class A				Class B
Basic and diluted net income (loss) per ordinary share
Numerator:
Allocation of net income (loss)		$	2,003,234			$	1,165,646			$	(860,883	)		$	(251,081	)
Denominator:
Basic and diluted weighted average common shares			10,024,516				5,833,083				19,999,880				5,833,083
Basic and diluted net income (loss) per ordinary share		$	0.20			$	0.20			$	(0.04	)		$	(0.04	)

Seamless Group Inc [Member]

SCHEDULE OF DEPRECIATION OF EQUIPMENT AND SOFTWARE STRAIGHT LINE METHOD

Depreciation of equipment is calculated using the straight-line method with no residual values over their estimated useful lives, as follows:

Office equipment	10%
Furniture and fittings	10%
Renovation	10%
Signboard	10%
Computer peripherals	33%
Electrical installation	10%
Mobile phone	33%
Motor vehicle	20%
Air conditioners	10%
Store equipment	20%

SCHEDULE OF FAIR ASSUMPTIONS OF AWARDS GRANTED

The Company estimates the fair value of awards using a binomial pricing model. The Company accounts forfeitures as they occur. For the awards granted on July 29, 2022, the following assumptions were used in the model:

Expected Volatility (39.84% to 43.74%)

Expected Dividend Yield (0%)

Expected Time to Liquidity (0.92 years to 2.92 years)

Exercise Price ($Nil)

Stock price at grant date ($6.55)

Weighted Average Fair Value of 1 Share ($5.73)

The fair value of the awards granted on July 29, 2022 is $32,790,450, after accounting for the forfeiture of 77,261 shares as of December 31, 2023. This also represents the unrecognized compensation, as the performance condition of the completion of an IPO or de-SPAC is not within the Company’s control.