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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
6 Months Ended 12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Dec. 31, 2022
Cash Flows from Operating Activities:        
Net (loss) income $ (2,422,087) $ 512,010 $ (651,138) $ 11,907,434
Adjustments to reconcile net (loss) income to net cash provided by used in operating activities:        
Change in value of derivative liabilities 184,210 596,160 538,200 (10,711,300)
Interest expense – debt discount 456,449 112,054
Gain on investments held in Trust Account (280,590) (2,514,748) (3,117,552) (3,332,546)
Interest earned on investments held in Trust Account (280,590) (2,514,748)    
Gain on forgiveness of deferred underwriting fee payable (273,110) (273,110)
Change in fair value of forward purchase agreement (78,334) (86,369)
Stock compensation expense 1,109,250    
Deferred tax benefit (2,346) (156,593) (146,658) 156,593
Changes in operating assets and liabilities:        
Prepaid expenses (37,928) 282,218 261,651 509,098
Accounts payable 323,644 (37,780) (39,524) 94,503
Accrued expenses     900,093
Accrued expenses – related party 96,256 481,053 72,253
Due to related party (5,500) 150,000 300,000
Due from related party 26,822 (195,000)
Due from sponsor (225,000)    
Due to investors 25,000 600,000
Income tax payable (22,304) 152,043 (367,955) 467,991
Franchise tax payable (49,041) (149,041) 8,767
Net cash used in operating activities (774,124) (936,122) (2,914,349) (827,207)
Cash Flows from Investing Activities:        
Cash withdrawn from Trust Account to pay franchise and income taxes 193,228 1,446,650 2,497,248 205,853
Cash withdrawn from Trust Account in connection with redemption 6,071,725 215,621,388 234,830,236
Cash deposited in Trust Account (1,196,026) (80,000) (560,000)
Net cash provided by investing activities 5,068,927 216,988,038 236,767,484 205,853
Cash Flows from Financing Activities:        
Due to related party     420,000
Offering costs paid     (85,000)
Contributions from Sponsor 100,000 100,000
Proceeds from related party 65,000    
Proceeds pursuant to subscription agreement 350,000    
Capital contribution from Sponsor 1,090,000 1,074,015
Proceeds from loan payable 40,000    
Due to shareholders (650,402)    
Redemption of common stock (5,421,323) (215,621,388) (234,830,236)
Net cash used in financing activities (4,526,725) (215,521,388) (233,710,236) (85,000)
Net change in cash and restricted cash (231,922) 530,528 142,899 (706,354)
Cash and restricted cash – beginning of the period 314,482 171,583 171,583 877,937
Total cash and restricted cash – end of the period 82,560 702,111 314,482 171,583
Cash 82,560 144,592 171,583
Restricted Cash 557,519 314,482
Income taxes 71,772 590,000    
Franchise taxes 121,456 150,089    
Supplemental disclosure of noncash activities:        
Forgiveness of deferred underwriting fee payable 5,126,890 5,126,890
Class B common converted to Class A common on a one for one basis 510    
Value of excise tax liability 54,214 2,156,214 $ 2,348,302
Initial value of forward purchase agreement liability $ 83,369