XML 47 R23.htm IDEA: XBRL DOCUMENT v3.23.4
Description of Organization, Business Operations and Liquidity (Details) - USD ($)
1 Months Ended 9 Months Ended 12 Months Ended
Sep. 08, 2023
Aug. 07, 2023
Dec. 14, 2021
Aug. 16, 2022
Sep. 30, 2023
Dec. 31, 2021
Dec. 31, 2022
Nov. 09, 2023
Sep. 29, 2023
Aug. 10, 2023
Jul. 10, 2023
Jun. 15, 2023
Jun. 09, 2023
Description of Organization, Business Operations and Liquidity (Details) [Line Items]                          
Price per share (in Dollars per share)         $ 10                
Offering costs     $ 20,700,000                    
Deferred underwriting fees     10,100,000                    
Aggregate fair market value percentage             80.00%            
Public price per share (in Dollars per share)         $ 10.1   $ 10.1            
Net tangible assets             $ 5,000,001            
Aggregate public shares, percentage         15.00%   15.00%            
Residual assets remaining description         In the event of such distribution, it is possible that the per share value of the residual assets remaining available for distribution (including Trust Account assets) will be only $10.10, or $10.20 or $10.30 per Public Share, as applicable, if the Company extends the period of time the Company will have to complete an initial Business Combination. In order to protect the amounts held in the Trust Account, the Sponsor agreed to be liable to the Company if and to the extent any claims by a third party (except for the Company’s independent registered public accounting firm) for services rendered or products sold to the Company, or a prospective target business with which the Company has discussed entering into a transaction agreement (a “Target”), reduce the amount of funds in the Trust Account to below (i) $10.10 per Public Share, or $10.20 or $10.30 per public share, as applicable, if the Company extends the period of time it will have to complete an initial Business Combination, or (ii) the lesser amount per Public Share held in the Trust Account as of the date of the liquidation of the Trust Account due to reductions in the value of the Trust assets, in each case net of interest which may be withdrawn to pay taxes, provided that such liability will not apply to any claims by a third party or Target that executed a waiver of any and all rights to seek access to the Trust Account nor will it apply to any claims under the Company’s indemnity of the underwriters of the Initial Public Offering against certain liabilities, including liabilities under the Securities Act of 1933, as amended (the “Securities Act”).   In the event of such distribution, it is possible that the per share value of the residual assets remaining available for distribution (including Trust Account assets) will be only $10.10, or $10.20 or $10.30 per Public Share, as applicable, if the Company extends the period of time the Company will have to complete an initial Business Combination. In order to protect the amounts held in the Trust Account, the Sponsor agreed to be liable to the Company if and to the extent any claims by a third party (except for the Company’s independent registered public accounting firm) for services rendered or products sold to the Company, or a prospective target business with which the Company has discussed entering into a transaction agreement (a “Target”), reduce the amount of funds in the Trust Account to below (i) $10.10 per Public Share, or $10.20 or $10.30 per public share, as applicable, if the Company extends the period of time it will have to complete an initial Business Combination, or (ii) the lesser amount per Public Share held in the Trust Account as of the date of the liquidation of the Trust Account due to reductions in the value of the Trust assets, in each case net of interest which may be withdrawn to pay taxes, provided that such liability will not apply to any claims by a third party or Target that executed a waiver of any and all rights to seek access to the Trust Account nor will it apply to any claims under the Company’s indemnity of the underwriters of the Initial Public Offering against certain liabilities, including liabilities under the Securities Act of 1933, as amended (the “Securities Act”).            
Cash             $ 1,300,000            
Working capital             660,000            
Investment income             $ 875,000            
Loan amount     $ 115,000                    
Percentage of excise tax       1.00%                  
Aggregate fair market value percentage       1.00% 80.00%                
Percentage of ownership         100.00%                
Net tangible assets         $ 5,000,001                
Redemption price per share (in Dollars per share)         $ 18   $ 18           $ 10.37
Redemption balance in trust account         $ 113,045,191                
Common stock outstanding (in Dollars per share)         $ 0.03                
Deposited in the trust account         $ 300,000     $ 300,000   $ 300,000 $ 300,000 $ 300,000  
Business combination value $ 200,000 $ 300,000                      
Net of taxes payable         100,000                
Aggregate transaction         $ 421,900,000                
Additional shares of common stock (in Dollars per share)         $ 10                
Annualized amount         $ 150,000,000                
Annualized, description         (i) the ratio of (x) (1) the Annualized EBITDA that is expected from such new production capacity (the “Expected Annualized EBITDA”) less (2) (A) the Threshold Annualized EBITDA plus (B) all previously Expected Annualized EBITDA amounts associated with previous new production capacities for which previous earnouts were achieved, divided by (y) $150,000,000 multiplied by (ii) $200,000,000, provided that the aggregate Expected Annualized EBITDA may not exceed $300,000,000.                
Earning amount         $ 200,000,000                
Sponsor agreement (in Shares)         1,380,736                
Percentage of vesting         20.00%                
Interest rate percentage                 9.80%        
Percentage of issued and outstanding         2.00%                
Stock Issued         $ 300,000 $ 25,000              
Working Capital Deficit         7,900,000                
IPO [Member]                          
Description of Organization, Business Operations and Liquidity (Details) [Line Items]                          
Net proceeds         $ 290,400,000   $ 290,400,000            
Share price per unit (in Dollars per share)         $ 10.1   $ 10.1            
Over-Allotment Option [Member]                          
Description of Organization, Business Operations and Liquidity (Details) [Line Items]                          
Purchase additional units (in Shares)     3,750,000                    
Price per share (in Dollars per share)     $ 10                    
Generated gross proceeds     $ 287,500,000                    
Gross proceeds     $ 287,500,000                    
Private Placement Warrants [Member]                          
Description of Organization, Business Operations and Liquidity (Details) [Line Items]                          
Private placement warrants (in Shares)         11,125,000   11,125,000            
Price per share (in Dollars per share)         $ 1   $ 1            
Generating proceeds         $ 11,100,000   $ 11,100,000            
Gross proceeds         11,100,000   11,100,000            
Founder Shares [Member]                          
Description of Organization, Business Operations and Liquidity (Details) [Line Items]                          
Sponsor payment         25,000   25,000            
Loan amount         $ 115,000   $ 115,000            
Class A Common Stock [Member]                          
Description of Organization, Business Operations and Liquidity (Details) [Line Items]                          
Common stock, par value (in Dollars per share)     $ 0.0001   $ 0.0001 $ 0.0001 $ 0.0001            
Percentage of ownership         72.70%                
Stockholders elected to redeem shares (in Shares)                         18,141,822
Redemption amount                         $ 188,132,132
Shares issued redemption (in Shares)         10,608,178                
Shares outstanding redemption (in Shares)         10,608,178                
Class A Common Stock [Member] | IPO [Member]                          
Description of Organization, Business Operations and Liquidity (Details) [Line Items]                          
Shares issued (in Shares)     28,750,000                    
Class B Common Stock [Member]                          
Description of Organization, Business Operations and Liquidity (Details) [Line Items]                          
Common stock, par value (in Dollars per share)         $ 0.0001 $ 0.0001 $ 0.0001            
Percentage of ownership         76.60%                
Common stock, shares issued (in Shares)         7,187,500 7,187,500 7,187,500            
Common stock, shares outstanding (in Shares)         7,187,500 7,187,500 7,187,500            
Class B Common Stock [Member] | Minimum [Member]                          
Description of Organization, Business Operations and Liquidity (Details) [Line Items]                          
Percentage of ownership         80.00%                
Merger Agreement [Member] | Class B Common Stock [Member]                          
Description of Organization, Business Operations and Liquidity (Details) [Line Items]                          
Common stock, par value (in Dollars per share)         $ 0.0001                
Business Combination [Member]                          
Description of Organization, Business Operations and Liquidity (Details) [Line Items]                          
Percentage of voting power                 9.80%        
Percentage of ownership         50.00%                
Business Combination [Member] | Maximum [Member]                          
Description of Organization, Business Operations and Liquidity (Details) [Line Items]                          
Percentage of voting power             100.00%            
Percentage of redemption public shares         100.00%                
Business Combination [Member] | Minimum [Member]                          
Description of Organization, Business Operations and Liquidity (Details) [Line Items]                          
Percentage of voting power             50.00%