Restatement of Previously Issued Financial Statements (Tables)
|
6 Months Ended |
Jun. 30, 2024 |
|---|
| Restatement of Previously Issued Financial Statements [Abstract] |
|
| Schedule of Statement of Operation |
Statement
of Operation For the Three Months Ended June 30, 2024
| |
|
As
Previously |
|
|
|
|
|
As |
|
| |
|
Reported |
|
|
Adjustments |
|
|
Restated |
|
| Other income (expense): |
|
|
|
|
|
|
|
|
|
| Change in fair value of derivative liability |
|
|
(72,000 |
) |
|
|
48,000 |
|
|
|
(24,000 |
) |
| Total other income, net |
|
|
157,988 |
|
|
|
48,000 |
|
|
|
205,988 |
|
| Net (loss) income before income taxes |
|
|
(174,200 |
) |
|
|
48,000 |
|
|
|
(126,200 |
) |
| Net (loss) income |
|
$ |
(222,793 |
) |
|
$ |
48,000 |
|
|
$ |
(174,793 |
) |
| Basic and diluted net (loss) income per share, redeemable Class A common stock |
|
$ |
(0.02 |
) |
|
$ |
0.01 |
|
|
$ |
(0.01 |
) |
| Basic and diluted net (loss) income per share, non-redeemable Class A and Class B common stock |
|
$ |
(0.02 |
) |
|
$ |
0.01 |
|
|
$ |
(0.01 |
) |
Statement
of Operation For the Six Months Ended June 30, 2024
| |
|
As
Previously |
|
|
|
|
|
As |
|
| |
|
Reported |
|
|
Adjustments |
|
|
Restated |
|
| Other income (expense): |
|
|
|
|
|
|
|
|
|
| Change in fair value of derivative liability |
|
|
(319,680 |
) |
|
|
48,000 |
|
|
|
(271,680 |
) |
| Total other income, net |
|
|
172,455 |
|
|
|
48,000 |
|
|
|
220,455 |
|
| Net (loss) income before income taxes |
|
|
(570,202 |
) |
|
|
48,000 |
|
|
|
(522,202 |
) |
| Net (loss) income |
|
$ |
(662,778 |
) |
|
$ |
48,000 |
|
|
$ |
(614,778 |
) |
| Basic and diluted net (loss) income per
share, redeemable Class A common stock |
|
$ |
(0.05 |
) |
|
$ |
0.00 |
|
|
$ |
(0.05 |
) |
| Basic and diluted net (loss) income per
share, non-redeemable Class A and Class B common stock |
|
$ |
(0.05 |
) |
|
$ |
0.00 |
|
|
$ |
(0.05 |
) |
|
| Schedule of Balance Sheet |
Balance
Sheet at June
30, 2024
| |
|
As
Previously |
|
|
|
|
|
As |
|
| |
|
Reported |
|
|
Adjustments |
|
|
Restated |
|
| Non-redemption agreements derivative liability |
|
|
10,901,760 |
|
|
|
(2,672,003 |
) |
|
|
8,229,757 |
|
| Total liabilities |
|
$ |
26,969,809 |
|
|
$ |
(2,672,003 |
) |
|
$ |
24,297,806 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Accumulated deficit |
|
|
(26,008,636 |
) |
|
|
2,672,003 |
|
|
|
(23,336,633 |
) |
| Total stockholders’ deficit |
|
$ |
(26,607,456 |
) |
|
$ |
2,672,003 |
|
|
$ |
(23,935,453 |
) |
|
| Schedule of Statement of Changes in Stockholders’ Deficit |
Statement
of Changes in Stockholders’ Deficit For the Three Months Ended June 30, 2024
| |
|
As
Previously |
|
|
|
|
|
As |
|
| |
|
Reported |
|
|
Adjustments |
|
|
Restated |
|
| Fair value of non-redemption agreements liability
at issuance |
|
|
(3,936,000 |
) |
|
|
2,624,003 |
|
|
|
(1,311,997 |
) |
| Net loss |
|
|
(222,793 |
) |
|
|
48,000 |
|
|
|
(174,793 |
) |
| Total Stockholders’ Deficit |
|
$ |
(26,607,456 |
) |
|
$ |
2,672,003 |
|
|
$ |
(23,935,453 |
) |
|
| Schedule of Statements of Cashflows |
Statements
of Cash Flows for the six months ended June 30, 2024
| |
|
As
Previously |
|
|
|
|
|
As |
|
| |
|
Reported |
|
|
Adjustments |
|
|
Restated |
|
| Net loss |
|
|
(662,778 |
) |
|
|
48,000 |
|
|
|
(614,778 |
) |
| Change in fair value of derivative liability |
|
|
319,680 |
|
|
|
(48,000 |
) |
|
|
271,680 |
|
|