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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	)

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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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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

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-Name Accounting Standards Codification
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-Section S99
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480244/480-10-S99-1

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