XML 37 R26.htm IDEA: XBRL DOCUMENT v3.25.0.1
DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS, AND GOING CONCERN (Details)
12 Months Ended
Sep. 30, 2024
USD ($)
Sep. 28, 2024
USD ($)
Sep. 25, 2024
USD ($)
shares
Sep. 23, 2024
$ / shares
shares
Feb. 17, 2024
USD ($)
Dec. 26, 2023
USD ($)
Dec. 20, 2023
USD ($)
item
$ / shares
shares
Jul. 07, 2023
$ / shares
shares
Jun. 26, 2023
Apr. 03, 2023
USD ($)
shares
Mar. 24, 2023
USD ($)
item
$ / shares
shares
Mar. 30, 2022
USD ($)
$ / shares
shares
Mar. 28, 2022
USD ($)
$ / shares
shares
Dec. 31, 2024
USD ($)
item
$ / shares
shares
Jul. 24, 2024
USD ($)
Dec. 31, 2023
USD ($)
$ / shares
shares
Dec. 27, 2023
USD ($)
Jun. 24, 2023
USD ($)
Mar. 13, 2023
USD ($)
Apr. 12, 2021
$ / shares
DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS, AND GOING CONCERN                                        
Condition for future business combination number of businesses minimum | item                           1            
Investments maximum maturity term                           185 days            
Initial extension period to consummate a business combination             3 months       3 months                  
Number of subsequent extensions to consummate a business combination | item             6       6                  
Period for each subsequent extension to consummate a business combination             1 month       1 month                  
Total extension period to consummate a business combination                     9 months                  
Deposit trust account                           $ 18,084,445   $ 29,718,024        
Common shares, shares outstanding | shares                           3,075,000            
Aggregate expenses incurred   $ 500,000                                    
Percentage of expenses, reimbursement by Sponsor   5.00%                       5.00%            
Minimum market value of acquiree to net asset held in Trust Account (as a percent)                         80.00%              
Minimum post-business combination ownership (as a percent)                         50.00%              
Price per share | $ / shares                         $ 10.1              
Minimum net tangible asset upon consummation of business combination                         $ 5,000,001              
Redemption of shares calculated based on business days prior to consummation of business combination (in days)                         10 days              
Maximum net interest to pay dissolution expenses                         $ 100,000              
Cash                           $ 40,511            
Working capital                           7,519,823            
Outstanding under working capital loans                           1,545,279   $ 1,392,629        
GCL Global Limited                                        
DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS, AND GOING CONCERN                                        
Outstanding under working capital loans                           $ 903,652            
Class A common stock not subject to redemption                                        
DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS, AND GOING CONCERN                                        
Redemption value for three-month extension             $ 225,000       $ 300,000                  
Redemption price for three-month extension (per share) | $ / shares             $ 0.09                          
Redemption value for six subsequent one-month extension             $ 75,000       $ 100,000                  
Redemption price six subsequent one-month extension (per share)             $ 0.03                          
Common share redemption price (per share) | $ / shares       $ 0.03                   $ 0.03            
Common shares, shares outstanding | shares                           3,075,000   3,075,000        
Class A common stock not subject to redemption | Initial three-month extension                                        
DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS, AND GOING CONCERN                                        
Common share redemption price (per share) | $ / shares                     $ 0.12                  
Class A common stock not subject to redemption | Each six subsequent one-month extensions                                        
DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS, AND GOING CONCERN                                        
Common share redemption price (per share) | $ / shares       $ 0.03             $ 0.04                  
Class A Common Stock                                        
DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS, AND GOING CONCERN                                        
Number of shares redeemed | shares       1,170,280     1,363,378       7,391,973                  
Common share redemption price (per share) | $ / shares       $ 11.23     $ 10.72       $ 10.29                  
Aggregate redemption amount     $ 13,136,586     $ 14,619,421 $ 14,619,421     $ 76,054,240                    
Common shares, shares outstanding | shares     4,649,369       5,819,649 3,075,000   4,108,027       3,075,000   3,075,000        
Number of shares issued | shares               2,875,000                        
Common stock, par value, (per share) | $ / shares               $ 0.0001           $ 0.0001   $ 0.0001       $ 0.0001
Price per share | $ / shares                           $ 9.2            
Class A Common Stock | Board of Directors Chairman                                        
DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS, AND GOING CONCERN                                        
Combination on a one-for-one basis                 1                      
Class B Common Stock                                        
DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS, AND GOING CONCERN                                        
Common shares, shares outstanding | shares                           0   0        
Number of shares issued | shares               2,875,000                        
Common stock, par value, (per share) | $ / shares               $ 0.0001           $ 0.0001   $ 0.0001        
Director Promissory Note | Director | Melvin Xeng Thou Ong                                        
DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS, AND GOING CONCERN                                        
Maximum borrowing capacity of related party promissory note         $ 2,000,000                         $ 1,200,000 $ 600,000  
Interest rate         0.00%                              
Sponsor                                        
DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS, AND GOING CONCERN                                        
Maximum borrowing capacity of related party promissory note                           $ 300,000            
Payment from the sponsor                           25,000            
Outstanding under working capital loans                           1,545,279   $ 1,392,629        
Sponsor | Director Promissory Note | Melvin Xeng Thou Ong                                        
DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS, AND GOING CONCERN                                        
Maximum borrowing capacity of related party promissory note                                     $ 600,000  
RF Dynamic LLC | Class B Common Stock                                        
DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS, AND GOING CONCERN                                        
Combination on a one-for-one basis                 1                      
Related Party Loans                                        
DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS, AND GOING CONCERN                                        
Outstanding under working capital loans                           $ 0            
Promissory note - extension one | Sponsor                                        
DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS, AND GOING CONCERN                                        
Principal sum           675,000         $ 900,000                  
Promissory note - extension two | Sponsor                                        
DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS, AND GOING CONCERN                                        
Principal sum           $ 675,000                     $ 225,000      
Deposit trust account                             $ 75,000          
Private Placement Warrants | Early Bird Capital                                        
DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS, AND GOING CONCERN                                        
Sale of private placement units (in shares) | shares                       49,500                
Price of warrant | $ / shares                       $ 1 $ 1              
Proceeds from sale of Private Placement Warrants                       $ 49,500                
Minimum                                        
DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS, AND GOING CONCERN                                        
Tangible asset net             $ 5,000,000                          
Maximum                                        
DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS, AND GOING CONCERN                                        
Aggregate expenses incurred $ 500,000                                      
IPO                                        
DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS, AND GOING CONCERN                                        
Number of units issued | shares                       11,500,000 10,000,000              
Price per unit | $ / shares                       $ 10 $ 10              
Proceeds from issuance of units                         $ 100,000,000              
Proceeds from initial public offering                       $ 116,150,000                
Private Placement                                        
DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS, AND GOING CONCERN                                        
Sale of private placement units (in shares) | shares                         4,550,000              
Price of warrant | $ / shares                         $ 1              
Proceeds from sale of Private Placement Warrants                         $ 4,550,000              
Private Placement | Sponsor                                        
DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS, AND GOING CONCERN                                        
Sale of private placement units (in shares) | shares                       400,500 4,050,000              
Price of warrant | $ / shares                       $ 1 $ 1              
Proceeds from sale of Private Placement Warrants                       $ 400,500 $ 4,050,000              
Private Placement | Early Bird Capital                                        
DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS, AND GOING CONCERN                                        
Sale of private placement units (in shares) | shares                       49,500 500,000              
Price of warrant | $ / shares                       $ 1                
Proceeds from sale of Private Placement Warrants                       $ 49,500 $ 500,000              
Over Allotment                                        
DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS, AND GOING CONCERN                                        
Number of units issued | shares                       1,500,000                
Price per unit | $ / shares                       $ 10                
Proceeds from issuance of units                       $ 15,000,000                
Over Allotment | Private Placement Warrants                                        
DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS, AND GOING CONCERN                                        
Sale of private placement units (in shares) | shares                       400,500                
Price of warrant | $ / shares                       $ 1                
Proceeds from sale of Private Placement Warrants                       $ 400,500                
Public Share                                        
DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS, AND GOING CONCERN                                        
Price per share | $ / shares                         $ 10.1              
Minimum percentage of shares requiring prior consent by entity                         15              
Public shares to be redeemed if business combination is not completed (as a percent)                         100.00%