SUBSEQUENT EVENTS	3 Months Ended
Mar. 31, 2024
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	NOTE 11. SUBSEQUENT EVENTS The Company evaluated subsequent events and transactions that occurred after the balance sheet date through the date that the financial statements were issued. Based upon this review, the Company did not identify any subsequent events that would have required adjustment or disclosure in the financial statements, except for the following. On April 12, 2024, $149,535 was withdrawn from the Trust Account for tax purposes. An aggregate amount of $200,000 was paid to the U.S. Treasury department for the purpose of 2023 yearly income tax filing and 2024 Q1 income tax estimates on April 15, 2024. On April 25, 2024, and May 24, 2024, an amount of $75,000 was made on each day from GCL for the purposes of extending the file date of the Company’s Form 10-Q documents. On April 29, 2024, Nasdaq issued a notice with regard to the Company’s non-compliance with Nasdaq Minimum Total Holders Rule which requires at least 400 total holders for continued listing on the Nasdaq. The Notice is only a notification of deficiency, not of imminent delisting, and has no current effect on the listing or trading of the Company’s securities on the Nasdaq Global Market. The Notice states that the Company has 45 calendar days, or until June 13, 2024, to submit a plan to regain compliance with the Minimum Total Holders Rule. The Company submitted to Nasdaq a plan to regain compliance with the Minimum Total Holders Rule within the required timeframe. If Nasdaq accepts the Company’s plan, Nasdaq may grant the Company an extension of up to 180 calendar days from the date of the Notice, or until October 26, 2024, to evidence compliance with the Minimum Total Holders Rule. If Nasdaq does not accept the Company’s plan, the Company will have the opportunity to appeal the decision to a Nasdaq Hearings Panel. On May 29, 2024, the Company drew an aggregate amount of $179,766 from the Director of the Company, Melvin Xeng Thou Ong’s agreed-upon note (the “Director Promissory Note”) for the use of working capital requirements. On May 30, 2024, Nasdaq issued a notice with regard to the Company’s non-compliance with Nasdaq Listing Rule as a result of the Company’s failure to timely file March 31, 2024, Form 10-Q. The Notice is only a notification of deficiency, not of imminent delisting, and has no current effect on the listing or trading of the Company’s securities on the Nasdaq Global Market. The Notice states that the Company has 60 calendar days, or until July 29, 2024, to submit a plan to regain compliance with the Listing Rule. The Company intends to submit to Nasdaq a plan to regain compliance with the Listing Rule within the required timeframe. If Nasdaq accepts the Company’s plan, Nasdaq may grant the Company an extension of up to 180 calendar days from the date of the Notice, or until November 18, 2024, to evidence compliance with the Listing Rule. If Nasdaq does not accept the Company’s plan, the Company will have the opportunity to appeal the decision to a Nasdaq Hearings Panel. On June 21, 2024, Nasdaq issued a notice granting the Company an extension of time to regain compliance with Nasdaq Minimum Total Holders Rule for 180 calendar days, or until October 26, 2024. The terms of the extension are as follows: on or before October 28, 2024, the Company must file with Nasdaq documentation from its transfer agent, or independent source, that demonstrates that its Class A Common has a minimum of 400 Total Holders. However, the Company must file the registration statement for its contemplated Business Combination Agreement by September 28, 2024, or it will not be eligible to receive the remainder of its extension period until October 28, 2024. In the event the Company does not satisfy the terms, Nasdaq will provide written notification that its securities will be delisted. At that time, the Company may appeal Nasdaq's determination to a Nasdaq Listing Qualifications Panel.

SUBSEQUENT EVENTS

3 Months Ended

Mar. 31, 2024

NOTE 11. SUBSEQUENT EVENTS

The Company evaluated subsequent events and transactions that occurred after the balance sheet date through the date that the financial statements were issued. Based upon this review, the Company did not identify any subsequent events that would have required adjustment or disclosure in the financial statements, except for the following.

On April 12, 2024, $149,535 was withdrawn from the Trust Account for tax purposes. An aggregate amount of $200,000 was paid to the U.S. Treasury department for the purpose of 2023 yearly income tax filing and 2024 Q1 income tax estimates on April 15, 2024.

On April 25, 2024, and May 24, 2024, an amount of $75,000 was made on each day from GCL for the purposes of extending the file date of the Company’s Form 10-Q documents.

On April 29, 2024, Nasdaq issued a notice with regard to the Company’s non-compliance with Nasdaq Minimum Total Holders Rule which requires at least 400 total holders for continued listing on the Nasdaq. The Notice is only a notification of deficiency, not of imminent delisting, and has no current effect on the listing or trading of the Company’s securities on the Nasdaq Global Market. The Notice states that the Company has 45 calendar days, or until June 13, 2024, to submit a plan to regain compliance with the Minimum Total Holders Rule. The Company submitted to Nasdaq a plan to regain compliance with the Minimum Total Holders Rule within the required timeframe. If Nasdaq accepts the Company’s plan, Nasdaq may grant the Company an extension of up to 180 calendar days from the date of the Notice, or until October 26, 2024, to evidence compliance with the Minimum Total Holders Rule. If Nasdaq does not accept the Company’s plan, the Company will have the opportunity to appeal the decision to a Nasdaq Hearings Panel.

On May 29, 2024, the Company drew an aggregate amount of $179,766 from the Director of the Company, Melvin Xeng Thou Ong’s agreed-upon note (the “Director Promissory Note”) for the use of working capital requirements.

On May 30, 2024, Nasdaq issued a notice with regard to the Company’s non-compliance with Nasdaq Listing Rule as a result of the Company’s failure to timely file March 31, 2024, Form 10-Q. The Notice is only a notification of deficiency, not of imminent delisting, and has no current effect on the listing or trading of the Company’s securities on the Nasdaq Global Market. The Notice states that the Company has 60 calendar days, or until July 29, 2024, to submit a plan to regain compliance with the Listing Rule. The Company intends to submit to Nasdaq a plan to regain compliance with the Listing Rule within the required timeframe. If Nasdaq accepts the Company’s plan, Nasdaq may grant the Company an extension of up to 180 calendar days from the date of the Notice, or until November 18, 2024, to evidence compliance with the Listing Rule. If Nasdaq does not accept the Company’s plan, the Company will have the opportunity to appeal the decision to a Nasdaq Hearings Panel.

On June 21, 2024, Nasdaq issued a notice granting the Company an extension of time to regain compliance with Nasdaq Minimum Total Holders Rule for 180 calendar days, or until October 26, 2024. The terms of the extension are as follows: on or before October 28, 2024, the Company must file with Nasdaq documentation from its transfer agent, or independent source, that demonstrates that its Class A Common has a minimum of 400 Total Holders. However, the Company must file the registration statement for its contemplated Business Combination Agreement by September 28, 2024, or it will not be eligible to receive the remainder of its extension period until October 28, 2024. In the event the Company does not satisfy the terms, Nasdaq will provide written notification that its securities will be delisted. At that time, the Company may appeal Nasdaq's determination to a Nasdaq Listing Qualifications Panel.