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Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2024

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 March 31, 2024 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	​		18,948,600
Class A ordinary shares subject to possible redemption at December 31, 2023	​	​	153,702,006
Redemption of Class A ordinary shares	​	​	(75,921,158)
Re-measurement of Class A ordinary shares subject to possible redemption	​	​	1,351,832
Class A ordinary shares subject to possible redemption at March 31, 2024	​	$	79,132,680

Schedule of Reconciliation of net loss per common share

​

​	​	​	​
​		Three Months Ended
​	​	March 31, 2024
Net income	​	$	575,856
Accretion of temporary equity to redemption value	​		(1,351,832)
Net loss including accretion of temporary equity to redemption value	​	$	(775,976)

​

​	​	​	​	​	​	​	​	​	​
​	​	Three Months Ended
​	​	March 31, 2024
​	​	​	​	​	​	​	​	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	​	$	326,250	​	$	34,267	​	$	215,339
​	​	​	​	​	​	​	​	​	​
Less: Accretion allocation based on ownership percentage	​	$	(765,877)	​	$	(80,442)	​		(505,513)
Allocation of accretion of temporary equity to redeemable shares	​		1,351,832	​		—	​		—
Total net income (loss) by class	​	$	912,205	​	$	(46,175)	​		(290,173)
​	​	​	​	​	​	​	​	​	​
Denominator:	​		​	​		​	​		​
Weighted average shares outstanding	​		7,885,143	​		762,500	​		4,791,667
Basic and diluted net income (loss) per share	​	$	0.12	​	$	(0.06)	​		(0.06)

​

​

The following tables reflect the calculation of basic and diluted net income (loss) per ordinary share for the three months ended March 31, 2023 (in dollars, except share amounts):

​

​	​	​	​
​		Three Months Ended
​	​	March 31, 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	​		1,150,611
Total income for the three months ended March 31, 2023	​		1,143,965
Accretion of temporary equity to redemption value	​		(13,230,909)
Net loss including accretion of temporary equity to redemption value	​	$	(12,086,944)

​

​	​	​	​	​	​	​	​	​	​
​		Three Months Ended
​	​	March 31, 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	​		829,941	​		44,023	​		276,647
Total income allocated by class	​		829,941	​		44,023	​		270,001
​	​	​	​	​	​	​	​	​	​
Less: Accretion allocation based on ownership percentage	​	$	(9,543,516)	​	$	(506,221)	​	​	(3,181,172)
Allocation of accretion of temporary equity to redeemable shares	​		13,230,909	​		—	​		—
Total net income (loss) by class	​	$	4,517,334	​	$	(462,198)	​	​	(2,911,171)
​	​	​	​	​	​	​	​	​	​
Denominator:	​		​	​		​	​		​
Weighted average shares outstanding	​		11,659,722	​		618,472	​		4,791,667
Basic and diluted net income per share	​	$	0.39	​	$	(0.75)	​	​	(0.61)

​

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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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