XML 120 R20.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Significant Accounting Policies (Tables) | 3 Months Ended | 12 Months Ended
--- | --- | ---
Mar. 31, 2024 | Dec. 31, 2023
Significant Accounting Policies [Abstract] |  |
Schedule of Ordinary Shares Subject to Possible Redemption | As of March 31, 2024 and December 31, 2023, the amount of Class A ordinary shares subject to possible redemption reflected in the balance sheet are reconciled in the following table:
Gross proceeds |  | $ | 57,500,000 |
Less: |  |  |  |
Proceeds allocated to public warrants |  |  | (1,003,390 | )
Proceeds allocated to public rights |  |  | (1,293,815 | )
Allocation of offering costs related to redeemable shares |  |  | (3,623,315 | )
Plus |  |  |  |
Accretion of carrying value to redemption value |  |  | 7,418,245 |
Class A ordinary shares subject to possible redemption as of December 31, 2023 |  | $ | 58,997,725 |
Plus |  |  |  |
Accretion of carrying value to redemption value |  |  | 2,553,357 |
Class A ordinary shares subject to possible redemption as of March 31, 2024 |  | $ | 61,551,082 |
| As of December 31, 2023, the amount of Class A ordinary shares subject to possible redemption reflected in the balance sheet are reconciled in the following table:
Gross proceeds |  | $ | 57,500,000 |
Less: |  |  |  |
Proceeds allocated to public warrants |  |  | (1,003,390 | )
Proceeds allocated to public rights |  |  | (1,293,815 | )
Allocation of offering costs related to redeemable shares |  |  | (3,623,315 | )
Plus |  |  |  |
Accretion of carrying value to redemption value |  |  | 7,418,245 |
Class A ordinary shares subject to possible redemption |  | $ | 58,997,725 |
Schedule of Net Income (Loss) Per Share Presented in the Unaudited Condensed Consolidated Statements of Operations | The net income (loss) per share presented in the unaudited condensed consolidated statements of operations is based on the following:
|  | For the Three Months Ended March 31,
|  | 2024 |  | 2023
Net income (loss) |  | $ | 143,504 |  |  | $ | (17,984 | )
Accretion of redeemable ordinary shares to redemption value |  |  | (2,553,357 | ) |  |  | (89,802 | )
Net loss including accretion of redeemable ordinary shares to redemption value |  | $ | (2,409,853 | ) |  | $ | (107,786 | )
|  | For the Three Months Ended March 31, 2024 |  | For the Three Months Ended March 31, 2023
Redeemable Class A Shares |  | Non-Redeemable Class A and Class B Shares |  | Redeemable Class A Shares |  | Non-Redeemable Class A and Class B Shares
Basic and diluted net income (loss) per ordinary shares |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allocation of net loss |  | $ | (1,840,042 | ) |  | $ | (569,811 | ) |  | $ | (12,593 | ) |  | $ | (95,193 | )
Accretion of redeemable ordinary shares to redemption value |  |  | 2,553,357 |  |  |  | — |  |  |  | 89,802 |  |  |  | — |
Allocation of net income (loss) |  | $ | 713,315 |  |  | $ | (569,811 | ) |  | $ | 77,209 |  |  | $ | (95,193 | )
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic and diluted weighted average shares outstanding |  |  | 5,750,000 |  |  |  | 1,780,625 |  |  |  | 191,667 |  |  |  | 1,448,938 |
Basic and diluted net income (loss) per ordinary share |  |  | 0.12 |  |  |  | (0.32 | ) |  |  | 0.40 |  |  |  | (0.07 | )
| The net income (loss) per share presented in the consolidated statements of operations is based on the following:
|  | For the Year Ended December 31, 2023 |  | For the Period from March 11, 2022 (Inception) through December 31, 2022
Net income (loss) |  | $ | 1,308,097 |  |  | $ | (66,302 | )
Accretion of redeemable ordinary shares to redemption value |  |  | (7,418,245 | ) |  |  | — |
Net loss including accretion of redeemable ordinary shares to redemption value |  | $ | (6,110,148 | ) |  | $ | (66,302 | )
|  | For the Year Ended December 31, 2023 |  | For the period from March 11, 2022 (inception) through December 31, 2022
|  | Redeemable Class A Shares |  | Non-Redeemable Class A and Class B Shares |  | Redeemable Class A Shares |  | Non-Redeemable Class A and Class B Shares
Basic and diluted net income (loss) per ordinary shares |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allocation of net loss |  | $ | (4,402,405 | ) |  | $ | (1,707,743 | ) |  | $ | — |  | $ | (66,302 | )
Accretion of redeemable ordinary shares to redemption value |  |  | 7,418,245 |  |  |  | — |  |  |  | — |  |  | — |
Allocation of net income (loss) |  | $ | 3,015,840 |  |  | $ | (1,707,743 | ) |  | $ | — |  | $ | (66,302 | )
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic and diluted weighted average shares outstanding |  |  | 4,379,452 |  |  |  | 1,698,839 |  |  |  | — |  |  | 1,250,000 |
Basic and diluted net income (loss) per ordinary share |  |  | 0.69 |  |  |  | (1.01 | ) |  |  | — |  |  | (0.05 | )

X
- References No definition available. + Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 + Details
Name: | us-gaap_TemporaryEquityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration