XML 58 R5.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Condensed Consolidated Statements of Changes in Shareholders' Deficit - USD ($)
Common Stock [Member]
Common Class A [Member]
Common Stock [Member]
Common Class B [Member]
Common Stock [Member]
Aspire Biopharma Inc [Member]
Additional Paid-in Capital [Member]
Additional Paid-in Capital [Member]
Aspire Biopharma Inc [Member]
Retained Earnings [Member]
Retained Earnings [Member]
Aspire Biopharma Inc [Member]
Total
Aspire Biopharma Inc [Member]
Balance at Dec. 31, 2020         $ (47,000)   $ (47,000)
Balance, shares at Dec. 31, 2020                
Net income (loss)         (464,173)   (464,173)
Issuance of common stock for cash     $ 45,000   34,500     79,500
Issuance of common stock for cash, shares     90,000,000            
Issuance of common stock for services     $ 137,650   (137,650)     0
Issuance of common stock for services, shares     275,300,000            
Issuance of common stock for cash     $ 1,000   49,000     50,000
Issuance of common stock for cash, shares     2,000,000            
Issuance of common stock for services     $ 700   (700)     0
Issuance of common stock for services, shares     1,400,000            
Issuance of common stock for cash     $ 1,000   49,000     50,000
Issuance of common stock for cash, shares     2,000,000            
Issuance of common stock for cash     $ 3,000   147,000     150,000
Issuance of common stock for cash, shares     6,000,000            
Issuance of common stock for cash     $ 5,000   245,000     250,000
Issuance of common stock for cash, shares     10,000,000            
Issuance of common stock for subscription receivable     $ 8,000   392,000     400,000
Issuance of common stock for subscription receivable, shares     16,000,000            
Balance at Dec. 31, 2021 $ 719 $ 201,350 $ 24,281 778,150 $ (25,475) (511,173) $ (475) 468,327
Balance, shares at Dec. 31, 2021 7,187,500 402,700,000            
Remeasurement for Class A shares to redemption value   (19,955,941)   (13,253,382)   (33,209,323)  
Net income (loss) 3,340,238 (597,117) 3,340,238 (597,117)
Proceeds from Initial Public Offering Costs allocated to Public Warrants (net of offering costs)   5,286,660     5,286,660  
Proceeds from issuance of Private Placement Warrants to Sponsor   14,645,000     14,645,000  
Issuance of common stock for services     $ 100   (100)    
Issuance of common stock for services, shares     200,000            
Issuance of common stock for services     $ 50   (50)    
Issuance of common stock for services, shares     100,000            
Issuance of common stock for assets     $ 20,000   980,000     1,000,000
Issuance of common stock for assets, shares     40,000,000            
Balance at Dec. 31, 2022 $ 719 $ 221,500 1,758,000 (9,938,620) (1,108,290) (9,937,901) 871,210
Balance, shares at Dec. 31, 2022 7,187,500 443,000,000            
Remeasurement for Class A shares to redemption value     (3,196,998)   (3,196,998)  
Net income (loss)     2,872,433   2,872,433  
Balance at Mar. 31, 2023 $ 719     (10,263,185)   (10,262,466)  
Balance, shares at Mar. 31, 2023 7,187,500              
Balance at Dec. 31, 2022 $ 719 $ 221,500 1,758,000 (9,938,620) (1,108,290) (9,937,901) 871,210
Balance, shares at Dec. 31, 2022 7,187,500 443,000,000            
Net income (loss)               4,684,250 (216,751)
Balance at Jun. 30, 2023 $ 719   10,812,500   (10,551,431)   261,788  
Balance, shares at Jun. 30, 2023 7,187,500              
Balance at Dec. 31, 2022 $ 719 $ 221,500 1,758,000 (9,938,620) (1,108,290) (9,937,901) 871,210
Balance, shares at Dec. 31, 2022 7,187,500 443,000,000            
Remeasurement for Class A shares to redemption value     (5,813,213)   (5,813,213)  
Net income (loss) 4,464,079 (359,071) 4,464,079 (359,071)
Contribution - shareholder non-redemption agreements   118,298     118,298  
Shareholder non-redemption agreements   (118,298)     (118,298)  
Conversion of Class B shares to Class A $ 719 $ (719)        
Conversion of Class B shares to Class A, shares 7,187,500 (7,187,500)              
Reduction of U/W Fee Payable   10,812,500     10,812,500  
Face value of convertible note in excess of fair value   152,430     152,430  
Balance at Dec. 31, 2023 $ 719 $ 221,500 10,964,930 1,758,000 (11,287,754) (1,467,361) (322,105) 512,139
Balance, shares at Dec. 31, 2023 7,187,500 443,000,000            
Balance at Mar. 31, 2023 $ 719     (10,263,185)   (10,262,466)  
Balance, shares at Mar. 31, 2023 7,187,500              
Remeasurement for Class A shares to redemption value     (2,100,063)   (2,100,063)  
Net income (loss)     1,811,817   1,811,817 (90,272)
Contribution - shareholder non-redemption agreements   118,298     118,298  
Shareholder non-redemption agreements   (118,298)     (118,298)  
Conversion of Class B shares to Class A $ 719 $ (719)        
Conversion of Class B shares to Class A, shares 7,187,500 (7,187,500)              
Reduction of U/W Fee Payable   10,812,500     10,812,500  
Balance at Jun. 30, 2023 $ 719   10,812,500   (10,551,431)   261,788  
Balance, shares at Jun. 30, 2023 7,187,500              
Balance at Dec. 31, 2023 $ 719 $ 221,500 10,964,930 1,758,000 (11,287,754) (1,467,361) (322,105) 512,139
Balance, shares at Dec. 31, 2023 7,187,500 443,000,000            
Remeasurement for Class A shares to redemption value     (234,853)   (234,853)  
Face value of convertible note in excess of fair value   242,489     242,489  
Issuance of subscription shares   213,764     213,764  
Net income (loss)     (2,467,101)   (2,467,101)  
Balance at Mar. 31, 2024 $ 719   11,421,183   (13,989,708)   (2,567,806)  
Balance, shares at Mar. 31, 2024 7,187,500              
Balance at Dec. 31, 2023 $ 719 $ 221,500 10,964,930 1,758,000 (11,287,754) (1,467,361) (322,105) 512,139
Balance, shares at Dec. 31, 2023 7,187,500 443,000,000            
Remeasurement for Class A shares to redemption value               (404,765)  
Net income (loss)         (327,743) (3,069,359) (327,743)
Issuance of common stock for cash     $ 161   257,484     257,645
Issuance of common stock for cash, shares     322,059            
Balance at Jun. 30, 2024 $ 719 $ 221,661 8,863,852 2,015,484 (14,761,878) (1,795,104) (5,897,307) 442,041
Balance, shares at Jun. 30, 2024 7,187,500 443,322,059            
Balance at Mar. 31, 2024 $ 719   11,421,183   (13,989,708)   (2,567,806)  
Balance, shares at Mar. 31, 2024 7,187,500              
Remeasurement for Class A shares to redemption value     (169,912)   (169,912)  
Face value of convertible note in excess of fair value   26,967     26,967  
Issuance of subscription shares   (2,584,298)     (2,584,298)  
Net income (loss)     (602,258)   (602,258) (96,923)
Contribution - shareholder non-redemption agreements   784,302     784,302  
Shareholder non-redemption agreements   (784,302)     (784,302)  
Balance at Jun. 30, 2024 $ 719 $ 221,661 $ 8,863,852 $ 2,015,484 $ (14,761,878) $ (1,795,104) $ (5,897,307) $ 442,041
Balance, shares at Jun. 30, 2024 7,187,500 443,322,059