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CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
General and administrative expenses $ 373,422 $ 307,287 $ 828,934 $ 307,587
Operating Income (Loss), Total (373,422) (307,287) (828,934) (307,587)
Investment income on investments held in Trust Account 6,958,789 3,873,223 13,807,691 3,873,223
Total other income 6,958,789 3,873,223 13,807,691 3,873,223
Net income $ 6,585,367 $ 3,565,936 $ 12,978,757 $ 3,565,636
Common Class A        
Weighted average shares outstanding, basic (in shares) 50,000,000 36,813,187 50,000,000 18,508,287
Weighted average shares outstanding, diluted (in shares) 50,000,000 36,813,187 50,000,000 18,508,287
Basic net loss per share (in USD per share) $ 0.11 $ 0.07 $ 0.21 $ 0.11
Diluted net loss per share (in USD per share) $ 0.11 $ 0.07 $ 0.21 $ 0.11
Common Class B        
Weighted average shares outstanding, basic (in shares) [1] 12,500,000 12,500,000 12,500,000 12,500,000
Weighted average shares outstanding, diluted (in shares) [1] 12,500,000 12,500,000 12,500,000 12,500,000
Basic net loss per share (in USD per share) $ 0.11 $ 0.07 $ 0.21 $ 0.11
Diluted net loss per share (in USD per share) $ 0.11 $ 0.07 $ 0.21 $ 0.11
[1]
(1) On April 25, 2023, the Company consummated the sale of Over-Allotment Units pursuant to the underwriters’ partial exercise of their over-allotment option. All share and per share amounts have been retroactively restated to reflect the share surrender and share recapitalization events and the share forfeitures (see Note 4).