Condensed Consolidated Statements of Operations (Unaudited) - USD ($) |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2024 |
Jun. 30, 2023 |
Jun. 30, 2024 |
Jun. 30, 2023 |
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General and administrative expenses | $ 333,599 | $ 271,900 | $ 691,362 | $ 477,786 |
Franchise tax expense | (1,411) | 50,000 | 51,295 | 100,400 |
Loss from operations | (332,188) | (321,900) | (742,657) | (578,186) |
Other income (expense): | ||||
Interest income from operating account | 2,156 | 63 | 6,791 | 70 |
Income from cash and investments held in Trust Account | 227,832 | 1,514,844 | 485,344 | 4,801,013 |
Change in fair value of derivative liability | (72,000) | (30,000) | (319,680) | (30,000) |
Total other income, net | 157,988 | 1,484,907 | 172,455 | 4,771,083 |
Net (loss) income before income taxes | (174,200) | 1,163,007 | (570,202) | 4,192,897 |
Income tax expense | (48,593) | (307,630) | (92,576) | (987,143) |
Net (loss) income | $ (222,793) | $ 855,377 | $ (662,778) | $ 3,205,754 |
Redeemable Class A Common Stock | ||||
Other income (expense): | ||||
Weighted average shares outstanding of basic (in Shares) | 1,440,537 | 12,959,058 | 1,712,553 | 21,432,455 |
Basic net (loss) income per share (in Dollars per share) | $ (0.02) | $ 0.03 | $ (0.05) | $ 0.1 |
Non-Redeemable Class B Common Stock | ||||
Other income (expense): | ||||
Weighted average shares outstanding of basic (in Shares) | 11,800,000 | 11,800,000 | 11,800,000 | 11,800,000 |
Basic net (loss) income per share (in Dollars per share) | $ (0.02) | $ 0.03 | $ (0.05) | $ 0.1 |
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- Definition Represent the amount of change in fair value of derivative liability. No definition available.
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- Definition Franchise tax expense. No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of operating interest income, including, but not limited to, amortization and accretion of premiums and discounts on securities. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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