Annual report pursuant to Section 13 and 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.24.1
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

Gross proceeds

 

 $ 345,000,000

 

Less:

 

 

 

 

Proceeds allocated to Public Warrants

 

 

 (13,631,224 )

Class A ordinary shares issuance cost

 

 

 (7,285,997 )

Add:

 

 

 

 

Accretion of carrying value of redemption value

 

 

 32,892,828

 

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

 

 

 20,693,862

 

 

 

 8,625,000

 

 

 

 34,500,000

 

 

 

 8,625,000

 

Basic and diluted net income per share

 

 $ 0.18

 

 

 $ 0.18

 

 

 $ 0.49

 

 

 $ 0.49