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COMMON STOCK SUBJECT TO POSSIBLE REDEMPTION
 3 Months Ended 12 Months Ended
Mar. 31, 2024
Dec. 31, 2023
Common Stock Subject To Possible Redemption Abstract    
COMMON STOCK SUBJECT TO POSSIBLE REDEMPTION
NOTE 6–COMMON STOCK SUBJECT TO POSSIBLE REDEMPTION
The Company’s common stock features certain redemption rights that are considered to be outside of the Company’s control and subject to occurrence of uncertain future events. Accordingly, common stock subject to possible redemption is presented at redemption value as temporary equity, outside of the stockholders’ deficit section of the Company’s condensed balance sheets.
The following is a reconciliation of the Company’s common stock subject to possible redemption as of March 31, 2024:
 
 
  
Common
Stock
Subject to
Possible
Redemption
 
Gross proceeds from Initial Public Offering
   
$
69,000,000
  
Less: Proceeds allocated to public warrants and rights
     
(1,236,527
) 
Offering costs allocated to common stock subject to possible redemption
     
(4,791,126
) 
Less: Redemption of common stock in connection with Trust extension
     
(35,995,728
) 
Plus: Accretion on common stock subject to possible redemption
     
9,449,634
  
  
 
 
  
Balance, December 31, 2023
     
36,426,253
  
Plus: Accretion on common stock subject to possible redemption
     
340,351
  
  
 
 
  
Balance, March 31, 2024
   
$
36,766,604
  
  
 
 
  
NOTE 6–COMMON STOCK SUBJECT TO POSSIBLE REDEMPTION
The Company’s common stock features certain redemption rights that are considered to be outside of the Company’s control and subject to occurrence of uncertain future events. Accordingly, common stock subject to
 
possible redemption is presented at redemption value as temporary equity, outside of the stockholders’ deficit section of the Company’s balance sheets.
The following is a reconciliation of the Company’s common stock subject to possible redemption as of December 31, 2023:
 
    
Common

Stock

Subject to

Possible

Redemption
  
Gross proceeds from Initial Public Offering
   
$
69,000,000
  
Less: Proceeds allocated to public warrants and rights
     
(1,236,527
) 
Offering costs allocated to common stock subject to possible redemption
     
(4,791,126
) 
Less: Redemption of common stock in connection with Trust extension
     
(35,995,728
) 
Plus: Accretion on common stock subject to possible redemption
     
9,449,634
  
  
 
 
  
Balance, December 31, 2023
   
$
36,426,253