XML 13 R2.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Balance Sheets - USD ($)
Sep. 30, 2024
Dec. 31, 2023
Current Assets:    
Cash $ 86,320 $ 79,974
Prepaid expenses – Short-Term 64,331 153,498
Income tax receivable 13,223 23,527
Other investments held for trading (Restricted) 100,632 108,610
Total Current Assets 264,506 360,609
Investments held in the Trust Account 8,493,268 17,591,536
Total Assets 8,757,774 17,952,145
Current Liabilities:    
Accounts payable and accrued expenses 376,736 127,368
Accrued Tax Payable - Excise Tax 2,319,976 2,224,846
Other accrued expenses - deferred 1,776,913 340,791
Loan payable- Sponsor 2,135,000 1,000,000
Total Current Liabilities 7,366,078 4,126,409
Derivative warrant liabilities 235,000 940,000
Deferred underwriting commission 8,050,000 8,050,000
Total liabilities 15,651,078 13,116,409
COMMITMENTS AND CONTINGENCIES (Note 6)
Class A common stock subject to possible redemption; 738,146 and 1,577,478 shares at September 30, 2024 and December 31, 2023, respectively – approximately $11.64 and $11.22 per share, respectively 8,593,900 17,700,146
Stockholders' deficit:    
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding 0 0
Additional paid-in capital 0 0
Accumulated deficit (15,487,779) (12,864,985)
Total Stockholders' Deficit (15,487,204) (12,864,410)
Total Liabilities, Common Stock Subject to Possible Redemption and Stockholders' Deficit 8,757,774 17,952,145
Related Party [Member]    
Current Liabilities:    
Due to related party 757,453 433,404
Class A common stock [Member]    
Stockholders' deficit:    
Common stock value 550 550
Class B common stock [Member]    
Stockholders' deficit:    
Common stock value $ 25 $ 25