XML 74 R18.htm IDEA: XBRL DOCUMENT v3.24.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2023
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Summary of Class A Ordinary Shares Temporary Equity

Class A ordinary shares subject to redemption, December 31, 2021

 

$351,900,000

 

Add:

 

 

 

 

Accretion of carrying value of redemption value

 

 

5,075,607

 

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

 

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

 

 

For the year Ended

December 31,

 

 

 

2023

 

 

2022

 

 

 

Class A

 

 

Class B

 

 

Class A

 

 

Class B

 

Basic and diluted net income per share:

 

 

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Allocation of net income

 

$3,716,834

 

 

$1,549,140

 

 

$17,002,398

 

 

$4,250,600

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding

 

 

20,693,851

 

 

 

8,625,000

 

 

 

34,500,000

 

 

 

8,625,000

 

Basic and diluted net income per share

 

$0.18

 

 

$0.18

 

 

$0.49

 

 

$0.49