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DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS - Transition Period Comparative Data - Statements of consolidated cash flow (Details) - USD ($)
3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2025
Jun. 30, 2025
Jun. 30, 2024
Cash Flows from Operating Activities:              
Net income (loss) $ (31,629,530) $ 485,559 $ (120,206,947) $ 677,930   $ 5,750,293  
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:              
Change in fair value of warrant liability (307,656) 184,594   123,062   (184,594)  
Change in fair value of non-redemption agreement liability     164,626        
Loss on AtlasClear asset acquisition     86,392,769        
Change in fair value, convertible note derivative     3,585,904     (3,990,385)  
Change in fair value, long-term and short-term note derivative 3,101,057   11,208,055     (12,369,120)  
Interest expense on convertible notes     1,896,714     7,276,092  
Transaction costs paid with stock     1,401,937        
Stock based compensation     1,462,650     83,745  
Change in fair value, earnout liability 1,115,000   1,335,000     (929,000)  
Fee on Secured convertible note     1,500,000        
Change in operating lease expense     68,727        
Change in fair value, contingent guarantee 3,256,863   3,256,863   $ 839,775 839,775  
Interest earned on marketable securities held in Trust Account     (251,569) (2,028,921)      
Change in fair value, subscription agreement 4,413,946   38,796     64,298  
Depreciation expense     7,565     16,080  
Amortization of intangibles 337,911   791,375     1,362,446  
Bad debt     2,474     398,826  
Changes in operating assets and liabilities:              
Payable to brokers & dealers     (12,903)     492,745  
Income taxes payable       44,118      
Marketable securities     6,820        
Receivables from brokers & dealers     2,203,271     (2,846,319)  
Receivables from customers     (303,486)     104,143  
Receivables from others     (59,043)     18,981  
Advances and Prepaid expenses     133,158 4,194   3,222  
Cash deposits with clearing organization & other B/Ds     21,664     (750,000)  
Change in operating lease right-of-use asset     (11,713)        
Other assets     49,041     (255,231)  
Payables to customers     (5,124,740)     3,772,375  
Payables to officers & directors     98,048     (487,491)  
Deferred tax liability     (43,484)        
Accounts payable and accrued expenses     (1,066,430) 443,812   1,862,062  
Commissions and payroll taxes payable     39,638     121,828  
Stock Loan     259,893        
Change in operatin lease right-of-use asset     (56,900)        
Net cash provided by (used in) operating activities     (11,212,227) (785,611)   822,027  
Cash Flows from Investing Activities:              
Cash withdrawn from Trust Account to pay franchise and income taxes     68,418        
Investment of cash into Trust Account     (160,000) (875,000)      
Cash withdrawn from Trust Account in connection with redemption     53,947,064 1,015,001      
Cash paid for purchase of Pacsquare     (500,000)     (125,000)  
Cash received from acquisition of Wilson-Davis     33,333,876        
Cash withdrawn from Trust Account for working capital purposes     1,195,565 148,523,642      
Cash paid to Wilson Davis shareholders     (8,092,568)        
Net cash provided by (used in) investing activities     79,792,355 148,663,643   (145,000)  
Cash Flows from Financing Activities:              
Proceeds from secured convertible note     6,000,000        
Transaction costs financed     5,002,968        
Repayment of advances from related party       (300,000)      
Advances from related party     1,052,300 1,948,950      
Redemption of common stock     (53,947,064) (148,523,642)      
Net cash provided by (used in) financing activities     (41,891,796) (146,874,692)   1,624,306  
Net Change in Cash     26,688,332 1,003,340   2,301,333  
Cash - Beginning     619,554     27,307,886 $ 1,132,900
Cash - Ending $ 27,307,886 $ 1,132,900 27,307,886 1,132,900 $ 29,609,219 29,609,219 $ 27,307,886
Supplemental cash flow information:              
Cash paid for income taxes       537,000      
Supplemental disclosure of non-cash investing and financing activities:              
Shares issued to settled advances from related party and notes payable related party     4,577,569        
Transaction cost settled with subscription payable     2,386,851        
Fair value of equity treated earnout in AtlasClear, Inc asset acquisition     31,347,000        
Fair value of shares issued in AtlasClear, Inc asset acquisition     44,400,000        
Fair value of liability treated earnout in AtlasClear, Inc asset acquisition     10,963,000        
Fair value of shares transferred to Wilson Davis shareholders     6,000,000        
Short term notes issued to Wilson Davis shareholders     5,000,000        
Long term notes issued to Wilson Davis shareholders     7,971,197        
Common stock issued to settled vendor obligations     64,376        
Fair value of shares transferred to Secured convertible note holders     1,250,698        
Redeemable shares transferred to permanent equity     1,195,566        
Non-redemption agreement re-classed to permanent equity     1,606,279        
Shares issued to purchase Pacsquare     1,226,500        
Shares issued as deposit for Commercial bank acquisition     91,200        
Initial value of derivative liability on convertible notes     1,668,731        
Interest settled with shares     210,550        
Interest settled with shares transferred by related party     48,750        
Cancellation of admin fees       120,000      
Excise tax related to redemptions     539,471 1,485,236      
Accretion of common stock subject to possible redemption     $ 592,577 2,217,201      
ATLASCLEAR, INC              
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:              
Amortization of intangibles           (317,231)  
Changes in operating assets and liabilities:              
Payable to brokers & dealers       $ (49,806)      
Supplemental disclosure of non-cash investing and financing activities:              
Fair value of equity treated earnout in AtlasClear, Inc asset acquisition           31,347,000  
Fair value of liability treated earnout in AtlasClear, Inc asset acquisition           $ 10,963,000