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CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
EXPENSES        
Administrative fee – related party $ 30,000 $ 30,000 $ 90,000 $ 90,000
General and administrative 328,944 267,126 926,980 902,279
TOTAL EXPENSES 358,944 297,126 1,016,980 992,279
OTHER INCOME (EXPENSE)        
Income earned on Investments held in Trust Account 3,443,700 1,383,654 10,481,777 1,843,236
Change in fair value of convertible notes payable – related party 98,889 (9,118) 72,097 65,159
Change in fair value of derivative liabilities (3,390,376) (1,694,688) (5,177,713) 9,561,599
TOTAL OTHER INCOME, NET 152,213 (320,152) 5,376,161 11,469,994
Net (loss) income $ (206,731) $ (617,278) $ 4,359,181 $ 10,477,715
Weighted average number of shares of Class A common stock outstanding, basic and diluted 27,016,502 30,000,000 29,005,501 30,000,000
Basic and diluted net (loss) income per share of Class A common stock $ (0.01) $ (0.05) $ 0.12 $ 0.23
Weighted average number of shares of Class B common stock outstanding, basic and diluted 7,500,000 7,500,000 7,500,000 7,500,000
Basic and diluted net (loss) income per share of Class B common stock $ (0.01) $ (0.05) $ 0.12 $ 0.23