SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 31, 2024

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Summary of class A common stock subject to possible redemption reflected in the balance sheet

At March 31, 2024, the Class A common stock subject to possible redemption reflected in the balance sheet is reconciled in the following table:

Class A common stock subject to possible redemption at December 31, 2022	$	117,146,232
Less:
Stockholder redemption of 7,391,973 shares at redemption value		(76,054,240)
Stockholder redemption of 1,363,378 shares at redemption value		(14,619,421)
Add:
Accretion of carrying value to redemption value		3,056,238
Class A common stock subject to possible redemption at December 31, 2023	$	29,528,809
Add:
Accretion of carrying value to redemption value		378,094
Class A common stock subject to possible redemption at March 31, 2024	$	29,906,903

Summary of basic and diluted net income (loss) per common share

The following table reflects the calculation of basic and diluted net income (loss) per common share (in dollars, except share amounts) for the three months ended March 31, 2024, and March 31, 2023:

	For the Three Months Ended				For the Three Months Ended
	March 31, 2024				March 31, 2023
	Class A,		Class A and Class B,		Class A,		Class A and Class B,
	redeemable		Non-redeemable		redeemable		Non-redeemable
Basic and diluted net loss per common share
Numerator:
Allocation of net income (loss), as adjusted	$	19,395	$	21,729	$	118,659	$	31,729
Denominator:
Basic and diluted weighted average shares outstanding		2,744,649		3,075,000		11,500,000		3,075,000
Basic and diluted net income (loss) per common share	$	0.01	$	0.01	$	0.01	$	0.01