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Balance Sheets - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Current assets    
Cash $ 1,879,227 $ 44,963
Prepaid expenses 18,082
Short-term prepaid insurance 281,681
Total Current Assets 2,204,786 44,963
Deferred offering costs 414,030
Long-term prepaid insurance 127,539
Investments held in Trust Account 120,000,366
TOTAL ASSETS 122,332,691 458,993
Current liabilities    
Accounts payable and accrued expenses 107,954 203,265
Franchise tax payable 112,343 1,500
Income taxes payable 819,453
Promissory note – related party 249,560
TOTAL LIABILITIES 1,039,750 454,325
Commitments and Contingencies
COMMON STOCK SUBJECT TO POSSIBLE REDEMPTION    
Class A common stock subject to possible redemption, 11,500,000 shares at redemption value of approximately $10.35 per share at December 31, 2023 and none at 2022 119,068,570
STOCKHOLDERS’ EQUITY    
Preferred Stock, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding
Additional paid-in capital 297,488 24,712
Retained earnings (accumulated deficit) 1,926,567 (20,332)
TOTAL STOCKHOLDERS’ EQUITY 2,224,371 4,668 [1]
TOTAL LIABILITIES, COMMON STOCK SUBJECT TO POSSIBLE REDEMPTION, AND STOCKHOLDERS’ EQUITY 122,332,691 458,993
Class A Common Stock    
STOCKHOLDERS’ EQUITY    
Common stock, value [2] 28
Class B Common Stock    
STOCKHOLDERS’ EQUITY    
Common stock, value [2] 288 288
Related Party    
Current assets    
Due from Sponsor $ 25,796
[1] Included up to 375,000 shares subject to forfeiture if the over-allotment option was not exercised in full or in part by the underwriters (see Note 5).
[2] At December 31, 2022, included up to 375,000 shares subject to forfeiture if the over-allotment option was not exercised in full or in part by the underwriters (see Note 5).