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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
3 Months Ended
Mar. 31, 2024
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Summary of Class A Ordinary Shares Temporary Equity

Gross proceeds 

 

$345,000,000

 

Less: 

 

 

 

 

Proceeds allocated to Public Warrants 

 

 

(13,631,224 )

Class A ordinary shares issuance cost 

 

 

(7,285,997 )

Add: 

 

 

 

 

Accretion of carrying value of redemption value 

 

 

32,892,828

 

Class A ordinary shares subject to redemption, December 31, 2022

 

 

356,975,607

 

Add: 

 

 

 

 

Accretion of carrying value to redemption value 

 

 

11,203,661

 

Less: 

 

 

 

 

Redemptions 

 

 

(311,471,428 )

Class A ordinary shares subject to redemption, December 31, 2023

 

$56,707,840

 

Add: 

 

 

 

 

Accretion of carrying value to redemption value 

 

 

669,171

 

Class A ordinary shares subject to redemption, March 31, 2024

 

$57,377,011

 

Schedule of Basic and Diluted Net Income (Loss) Per Ordinary Share

 

 

Three Months Ended

March 31, 2024

 

 

Three Months Ended

March 31, 2023

 

 

 

Class A

 

 

Class B

 

 

Class A

 

 

Class B

 

Basic and diluted net income per share:

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Allocation of net income

 

$1,294,187

 

 

$2,158,814

 

 

$1,741,415

 

 

$435,354

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding

 

 

5,170,599

 

 

 

8,625,000

 

 

 

34,500,000

 

 

 

8,625,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted net income per share

 

$0.25

 

 

$0.25

 

 

$0.05

 

 

$0.05