XML 13 R2.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 22,000
Prepaid expenses 405,000 14,000
Total current assets 405,000 36,000
Cash held in trust account 1,531,000 43,704,000
Total assets 1,936,000 43,740,000
Current liabilities    
Accounts payable 1,937,000 64,000
Accrued liabilities 5,730,000 4,327,000
Total current liabilities 11,794,000 7,872,000
Other liabilities    
Warranty liability 1,906,000 337,000
Deferred underwriting commission 10,500,000 10,500,000
Total liabilities 24,200,000 18,709,000
Commitments and contingencies
Class A ordinary shares subject to possible redemption; 134,550 and 3,931,719 shares, respectively (at approximately $11.38 and $11.12 per share at June 30, 2024 and December 31, 2023, respectively) 1,531,000 43,704,000
Shareholders’ Deficit:    
Preference shares, $0.0001 par value; 5,000,000 shares authorized, none issued or outstanding at June 30, 2024 and December 31, 2023
Additional paid-in capital
Accumulated deficit (23,796,000) (18,674,000)
Total shareholders’ deficit (23,795,000) (18,673,000)
Total liabilities, Class A ordinary shares subject to possible redemption and shareholders’ deficit 1,936,000 43,740,000
Common Class A [Member]    
Shareholders’ Deficit:    
Ordinary shares 1,000
Common Class B [Member]    
Shareholders’ Deficit:    
Ordinary shares 1,000
Related Party [Member]    
Current liabilities    
Promissory note – related party 755,000 755,000
Extension promissory notes – related party $ 3,372,000 $ 2,726,000