Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

v3.24.1.u1
Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2023
Fair Value Measurements [Abstract]  
Schedule of Company’s Assets that are Measured at Fair Value The following tables present information about the Company’s assets that are measured at fair value on a recurring basis as of December 31, 2023 and 2022, and indicate the fair value hierarchy of the valuation techniques that the Company utilized to determine such fair value:
Description   Quoted
Prices in
Active
Markets
(Level 1)		     Significant
Other
Observable
Inputs
(Level 2)		     Significant
Other
Unobservable
Inputs
(Level 3)		  
Liabilities:                  
Non-redemption agreements derivative liability   $     —     $      —     $ 6,646,080  
Description   Quoted
Prices in
Active
Markets
(Level 1)		     Significant
Other
Observable
Inputs
(Level 2)		     Significant
Other
Unobservable
Inputs
(Level 3)		  
Assets:                  
Investments held in Trust Account - Money Market Fund   $ 309,744,280     $      —     $
     —
  
Schedule of Non-Redemption Agreements Derivative Liability The key inputs into the monte-carlo simulation model for the Non-Redemption Agreements derivative liability were as follows:
Input   December 31,
2023		     Issuance Date
November 21,
2023		     Issuance Date
April 28,
2023		  
Market price of Class A common stock   $ 10.72     $ 10.58     $ 10.38  
Risk-free rate     4.56 %     5.04 %     4.28 %
Volatility     39.9 %     44.2 %     54.3 %
Term     1.41       1.52       1.68  
Probability of successful business combination     50.0 %     50.0 %     20.0 %
Discount for lack of marketability     9.9 %     11.4 %     14.7 %
Threshold price   $ 12.00     $ 12.00     $ 12.00  
Schedule of Table Presents the Changes in the Fair Value of the Non-Redemption Agreements The following table presents the changes in the fair value of the Non-Redemption Agreements derivative liability:
Fair value as of December 31, 2022   $
—
  
Initial measurement    

3,533,440

  
Change in valuation inputs or other assumptions    

3,112,640

  
Fair value as of December 31, 2023   $

6,646,080