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Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2023

Significant Accounting Policies

Schedule of condensed balance sheet are reconciled

The Class A ordinary shares subject to possible redemption is reflected on the balance sheet at September 30, 2023 as follows:

​

​	​	​	​
Gross proceeds from initial public offering		$	143,750,000
Less:	​
Proceeds allocated to public warrants	​		(354,359)
Offering costs allocated to Class A ordinary shares subject to possible redemption	​		(8,642,235)
Plus:	​
Accretion of Class A ordinary shares subject to possible redemption	​		16,919,175
Class A ordinary shares subject to possible redemption	​	$	151,672,581

Schedule of Reconciliation of net loss per common share

​

​	​	​	​
​		Three Months Ended
​	​	September 30, 2023
Net income	​	$	1,769,706
Accretion of temporary equity to redemption value	​		(1,944,687)
Net loss including accretion of temporary equity to redemption value	​	$	(174,981)

​

​	​	​	​	​	​	​	​	​	​
​	​	Three Months Ended
​	​	September 30, 2023
​	​	​	​	​	​	​	​	Class B Non-
​		Class A Redeemable			Class A Non-redeemable			redeemable
Basic and diluted net income (loss) per share:		​			​			​
Numerator:		​			​			​
Allocation of net income by class	​	$	1,276,497	​	$	67,710	​	$	425,499
​	​	​	​	​	​	​	​	​	​
Less: Accretion allocation based on ownership percentage	​	$	(1,402,711)	​	$	(74,405)	​		(467,571)
Allocation of accretion of temporary equity to redeemable shares	​		1,944,687	​		—	​		—
Total net income (loss) by class	​	$	1,818,473	​	$	(6,695)	​		(42,072)
​	​	​	​	​	​	​	​	​	​
Denominator:	​			​			​
Weighted average shares outstanding	​		14,375,000	​		762,500	​		4,791,667
Basic and diluted net income (loss) per share	​	$	0.13	​	$	(0.01)	​		(0.01)

​

​

The following tables reflect the calculation of basic and diluted net income (loss) per ordinary share for the nine months ended September 30, 2023 (in dollars, except share amounts):

​

​	​	​	​
​		Nine Months Ended
​	​	September 30, 2023
Net loss from beginning on the year to date of initial public offering	​	$	(6,646)
Net income from date of initial public offering to period end	​		4,356,123
Total income for the three months ended September 30, 2023	​		4,349,477
Accretion of temporary equity to redemption value	​		(16,919,175)
Net loss including accretion of temporary equity to redemption value	​	$	(12,569,698)

​

​	​	​	​	​	​	​	​	​	​
​		Nine Months Ended
​	​	September 30, 2023
​	​	​	​	​	​	​	​	Class B Non-
​		Class A Redeemable			Class A Non-redeemable			redeemable
Basic and diluted net income (loss) per share:		​		​	​			​
Numerator:		​		​	​			​
Allocation of net loss from inception to date of initial public offering	​	$	—	​	$	—	​	$	(6,646)
Allocation of net income from date of initial public offering to period end	​		3,142,092	​		166,667	​		1,047,364
Total income allocated by class	​		3,142,092	​		166,667	​		1,040,718
​	​	​	​	​	​	​	​	​	​
Less: Accretion allocation based on ownership percentage	​	$	(12,203,879)	​	$	(647,336)	​	​	(4,067,960)
Allocation of accretion of temporary equity to redeemable shares	​		16,919,175	​		—	​		—
Total net income (loss) by class	​	$	7,857,388	​	$	(480,669)	​	​	(3,027,242)
​	​	​	​	​	​	​	​	​	​
Denominator:	​		​	​		​	​		​
Weighted average shares outstanding	​		13,479,853	​		715,018	​		4,791,667
Basic and diluted net income (loss) per share	​	$	0.58	​	$	(0.67)	​	​	(0.63)

​

​

​	​	​	​	​	​	​
​		Three Months Ended			Nine Months Ended
​	​	September 30, 2022		​	September 30, 2022
Net loss	​	$	(10,508)	​	$	(46,755)
Weighted average Class B ordinary shares outstanding	​		4,791,667	​		4,791,667
Basic and diluted net loss per share	​	$	(0.00)	​	$	(0.01)

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

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