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Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2023
Significant Accounting Policies  
Ordinary Shares subject to possible redemption

Gross proceeds from Initial Public Offering, including sale of the Over-Allotment Option

 

$230,000,000

 

Less:

 

 

 

 

Fair value of Public Warrants at issuance

 

 

(10,695,000 )

Offering costs allocated to Class A Ordinary Shares subject to possible redemption, net of reimbursement from underwriters

 

 

(24,329,399 )

Plus:

 

 

 

 

Initial accretion on Class A Ordinary Shares subject to possible redemption amount

 

 

37,324,399

 

Class A Ordinary Shares subject to possible redemption, December 31, 2021

 

 

232,300,000

 

Plus:

 

 

 

 

Remeasurement on Class A Ordinary Shares subject to possible redemption amount

 

 

3,631,005

 

Class A Ordinary Shares subject to possible redemption, December 31, 2022

 

 

235,931,005

 

Less:

 

 

 

 

Redemption of Class A Ordinary Shares

 

 

(130,320,660 )

Plus:

 

 

 

 

Accretion on Class A Ordinary Shares subject to possible redemption amount

 

 

9,554,011

 

Class A Ordinary Shares subject to possible redemption, December 31, 2023

 

$115,164,356

 

Schedule of Earnings Per Share, Basic and Diluted

 

 

For the year ended

December 31,

 

 

For the year ended December 31,

 

 

 

2023

 

 

2022

 

Ordinary Shares subject to possible redemption

 

 

 

 

 

 

Numerator: Earnings allocable to Redeemable Class A Ordinary Shares

 

 

 

 

 

 

Net income allocable to Class A Ordinary Share subject to possible redemption

 

$5,349,279

 

 

$9,406,826

 

Denominator: Redeemable Class A Ordinary Shares,

 

 

 

 

 

 

 

 

Basic and diluted weighted average shares outstanding

 

 

17,364,551

 

 

 

23,000,000

 

Basic and diluted net income per share, Redeemable Class A Ordinary Shares

 

$0.31

 

 

$0.41

 

Non-redeemable ordinary shares

 

 

 

 

 

 

 

 

Numerator: Net income allocable to Class B Ordinary Shares not subject to redemption

 

 

 

 

 

 

 

 

Net income allocable to Class B Ordinary Shares not subject to redemption

 

$1,771,330

 

 

$2,351,707

 

Denominator: Weighted Average non-redeemable Class B Ordinary Shares

 

 

 

 

 

 

 

 

Basic and diluted weighted average shares outstanding

 

 

5,750,000

 

 

 

5,750,000

 

Basic and diluted net income per share

 

$0.31

 

 

$0.41