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Summary of Significant Accounting Policies (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2024
Dec. 31, 2023
Accounting Policies [Abstract]    
Schedule of Net Income Per Share after Allocating Income Between the Shares Based on Outstanding Shares

The following table reflects the net income per share after allocating income between the shares based on outstanding shares.

 

  

For the three months ended

March 31, 2024

  

For the three months ended

March 31, 2023

 
    Class A    Class B    Class A    Class B 
Numerator:                    
Allocation of income – basic and diluted  $-   $-   $438,000   $110,000 
Denominator:                    
Basic and diluted weighted average ordinary shares outstanding   3,390,000    3,700,000    20,000,000    5,000,000 
Basic and diluted net income per ordinary share  $0.00   $0.00   $0.02   $0.02 

The following table reflects the net income per share after allocating income between the shares based on outstanding shares.

  

For the

year ended

December 31, 2023

  

For the

year ended

December 31, 2022

 
   Class A   Class B   Class A   Class B 
Numerator:                    
Allocation of income – basic and diluted  $1,402,000   $930,000   $10,166,000   $2,541,000 
Denominator:                    
Basic and diluted weighted average ordinary shares outstanding   7,332,000    4,861,000    20,000,000    5,000,000 
Basic and diluted net income per ordinary share  $0.19   $0.19   $0.51   $0.51 

 

Schedule of Class A Ordinary Shares Subject to Redemption

 

   Dollars   Shares 
Gross proceeds of Public Offering  $200,000,000    20,000,000 
Less: Proceeds allocated to Public Warrants   (7,900,000)   - 
Offering costs   (11,234,000)   - 
Plus: Remeasurement of carrying value to redemption value at Public Offering date   23,134,000    - 
Subtotal at the date of the Public Offering and at December 31, 2021   204,000,000    20,000,000 
Plus: Remeasurement of carrying value to redemption value at December 31, 2022   2,946,000    - 
Subtotal at December 31, 2022   206,946,000    20,000,000 
Less: Payments to shareholders who elected to redeem 17,910,004 Class A ordinary shares in connection with the Extension (as defined below) on or around April 21, 2023   (187,475,000)   (17,910,004)
Plus: Remeasurement of carrying value to redemption value at December 31, 2023   3,419,000      
Subtotal at December 31, 2023   22,890,000    2,089,996 
Plus: Remeasurement of carrying value to redemption value at March 31, 2024   261,000    - 
Class A ordinary shares subject to redemption at March 31, 2024 (unaudited)  $23,151,000    2,089,996 

 

   Dollars .   Shares 
Gross proceeds of Public Offering  $200,000,000    20,000,000 
Less: Proceeds allocated to Public Warrants   (7,900,000)    
Offering costs   (11,234,000)    
Plus: Remeasurement of carrying value to redemption value at Public Offering date   23,134,000     
Subtotal at the date of the Public Offering and at December 31, 2021   204,000,000    20,000,000 
Plus: Remeasurement of carrying value to redemption value at December 31, 2022   2,946,000     
Subtotal at December 31, 2022   206,946,000    20,000,000 
Less: Payments to shareholders who elected to redeem 17,910,004 Class A ordinary shares in connection with the Extension (as defined below) on or around April 21, 2023   (187,475,000)   (17,910,004)
Plus: Remeasurement of carrying value to redemption value at December 31, 2023   3,419,000     
Class A ordinary shares subject to redemption at December 31, 2023  $22,890,000    2,089,996