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Initial Public Offering (Tables)
9 Months Ended
Sep. 30, 2023
Initial Public Offering  
Schedule of reconcillation of ordinary shares reflected on the blance sheet

Gross proceeds

 

$69,000,000

 

Less:

 

 

 

 

Proceeds allocated to public rights and warrants

 

 

(8,694,000 )

Offering costs of public shares

 

 

(4,712,045 )

Plus:

 

 

 

 

Initial accretion of carrying value to redemption value

 

 

14,613,545

 

Subsequent accretion of carrying value to redemption value

 

 

13,351

 

Ordinary shares subject to possible redemption, December 31, 2022

 

 

70,220,851

 

Plus:

 

 

 

 

Subsequent accretion of carrying value to redemption value

 

 

2,647,275

 

Ordinary shares subject to possible redemption, September 30. 2023

 

$72,868,126