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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 6 Months Ended 12 Months Ended
Jun. 30, 2024
Dec. 31, 2023
Accounting Policies [Abstract]    
SCHEDULE OF NET INCOME (LOSS) PER SHARE

The net income (loss) per share presented in the statements of operations is based on the following:

  

   2024   2023   2024   2023 
  

Three Months Ended

June 30,

  

Six Months Ended

June 30,

 
   2024   2023   2024   2023 
Net income  $382,746   $704,555   $731,987   $1,349,454 
Accretion of temporary equity into redemption value (interest earned)   (530,141)   (834,681)   (1,116,305)   (1,675,901)
Accretion of temporary equity into redemption value (extension deposit)   (110,000)   -    (165,000)   - 
Net loss including accretion of equity into redemption value  $(257,395)  $(130,126)  $(549,318)  $(326,447)

 

 

Particulars  Shares   Shares   Shares   Shares   Shares   Shares   Shares   Shares 
   For Three Months Ended
June 30, 2024		   For Six Months Ended
June 30, 2024		   For Three Months Ended
June 30, 2023		   For Six Months Ended
June 30, 2023		 
   Redeemable   Non-Redeemable   Redeemable   Non-Redeemable   Redeemable   Non-Redeemable   Redeemable   Non-Redeemable 
Particulars  Shares   Shares   Shares   Shares   Shares   Shares   Shares   Shares 
Basic and diluted net income/(loss) per share:                                                                                             
Weighted-average shares outstanding   

4,725,829

    

2,280,500

    

     4,725,829

    

2,280,500

    

6,900,000

    

2,280,500

    

6,900,000

    

2,280,500

 
Ownership percentage   

67

%   

33

%   

67

%   

33

%   

75

%   

25

%   

75

%   

25

%
Numerators:                                        
Allocation of net loss including accretion of temporary equity   

(173,615

)   

(101,682

)   

(370,520

)   

(178,798

)   

(97,802

)   

(32,324

)   

(245,355

)   

(81,092

)
Interest earned on investment held in trust account   

530,141

    

-

    

1,116,305

    

-

    

834,681

    

-

    

1,675,901

    

-

 
Accretion of temporary equity into redemption value (extension deposit)   

110,000

    

-

    

165,000

    

-

    

-

    

-

    

-

    

-

 
Allocation of net income/(loss)   

466,526

    

(101,682

)   

910,785

    

(178,798

)   

736,879

    

(32,324

)   

1,430,546

    

(81,092

)
Denominators:                                        
Weighted-average shares outstanding   

4,725,829

    

2,280,500

    

4,725,829

    

2,280,500

    

6,900,000

    

2,280,500

    

6,900,000

    

2,280,500

 
Basic and diluted net income/(loss) per share $

0.10

  $

(0.04

) $

0.19

  $

(0.08

) $

0.11

  $

(0.01

) $

0.21

  $

(0.04

)

 

   Redeemable   Non-Redeemable   Redeemable   Non-Redeemable 
  

For the Year Ended

December 31, 2023

  

For the Period from January 14, 2022 (Inception) Through

December 31, 2022

 
   Redeemable   Non-Redeemable   Redeemable   Non-Redeemable 
Particulars  Shares   Shares   Shares   Shares 
Basic and diluted net income/(loss) per share:                    
Weighted-average shares outstanding   6,870,217    2,280,500    191,159    1,862,261 
Ownership percentage   75%   25%   9%   91%
Numerators:                    
Allocation of net loss including accretion of temporary equity   (631,513)   (209,624)   (7,523)   (73,284)
Interest earned on investment held in trust account   3,580,311    -    38,228    - 
Accretion of temporary equity to redemption value (extension deposit)   165,000    -    -    - 
Allocation of net income/(loss)   3,113,798    (209,624)   (30,705)   (73,284)
Denominators:                    
Weighted-average shares outstanding   6,870,217    2,280,500    191,159    1,862,261 
Basic and diluted net income/(loss) per share   0.45    (0.09)   0.16    (0.04)
SCHEDULE OF INITIAL PUBLIC OFFERING PROCEEDS TO COMMON STOCK SUBJECT TO POSSIBLE REDEMPTION

At June 30, 2024, the ordinary shares reflected in the balance sheets are reconciled in the following table:

 

      
Ordinary shares subject to possible redemption at December 31, 2023  $50,880,604 
Plus:     
Accretion for ordinary shares subject to redemption (income earned on investment held in trust account)   586,164 
Accretion for ordinary shares subject to redemption (extension deposit)   55,000 
Ordinary shares subject to possible redemption at March 31, 2024   51,521,768 
Plus:     
Accretion for ordinary shares subject to redemption (income earned on investment held in trust account)   530,141 
Accretion for ordinary shares subject to redemption (extension deposit)   110,000 
Ordinary shares subject to possible redemption at June 30, 2024  $52,161,909 

At December 31, 2023, the ordinary shares reflected in the balance sheets are reconciled in the following table:

SCHEDULE OF INITIAL PUBLIC OFFERING PROCEEDS TO COMMON STOCK SUBJECT TO POSSIBLE REDEMPTION

 

      
Gross Proceeds  $69,000,000 
Less:     
Cash to the operating account   (657,285)
Underwriting expenses   (1,725,000)
Other offering expenses   (263,675)
Amount held back for Sponsor portion of risk capital in event of full exercise of the over-allotment   (279,040)
Plus:     
Private Placement   4,305,000 
      
Ordinary Shares subject to possible redemption, December 31, 2022  $70,380,000 
Less:     
Withdrawn in connection with redemption   (23,282,936)
Plus:     
Accretion for ordinary shares subject to redemption (income earned on investment held in trust account)   3,618,540 
Accretion for ordinary shares subject to redemption (extension deposit)   165,000 
      
Ordinary shares subject to possible redemption, December 31, 2023  $50,880,604