SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2023

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Shares Subject to Possible Redemption

As of December 31, 2023, and 2022, the Class A ordinary shares subject to possible redemption reflected on the balance sheets are reconciled in the following table:

Gross Proceeds	$	230,000,000
Less:
Proceeds allocated to Public Warrants		(13,110,000	)
Class A ordinary shares issuance costs		(12,375,591	)
Plus:
Accretion of carrying value to redemption value		31,063,866
Class A ordinary shares subject to possible redemption as of December 31, 2022	$	235,578,275
Plus:
Redemption		(145,222,585	)
Shareholder redemption payable		(249,339	)
Accretion of carrying value to redemption value		9,948,542
Class A ordinary shares subject to possible redemption as of December 31, 2023	$	100,054,892

Reconciliation of Net Income Per Ordinary Share

A reconciliation of net income per ordinary share is as follows:

	For the year ended December 31, 2023				For the year ended December 31, 2022
	Class A		Class B		Class A		Class B
Basic and diluted net income per share
Numerator:
Allocation of net income as adjusted	$	3,125,914	$	781,478	$	7,913,192	$	1,978,298
Denominator:
Basic and diluted weighted average ordinary shares outstanding		23,000,000		5,750,000		23,000,000		5,750,000
Basic and diluted net income per ordinary share	$	0.14	$	0.14	$	0.34	$	0.34