Quarterly report pursuant to Section 13 or 15(d)

RECURRING FAIR VALUE MEASUREMENTS (Tables)

v3.24.2.u1
RECURRING FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Jun. 30, 2024
RECURRING FAIR VALUE MEASUREMENTS  
Summary of assets and liabilities that are measured at fair value on a recurring basis

June 30, 2024

 

Level 1

 

 

Level 2

 

 

Level 3

 

Liabilities

 

 

 

 

 

 

 

 

 

Public Warrants

 

$ 363,975

 

 

$ -

 

 

$ -

 

Private Warrants

 

$ -

 

 

$ -

 

 

$ -

 

Total Liabilities

 

$ 363,975

 

 

$ -

 

 

$ -

 

December 31, 2023

 

Level 1

 

 

Level 2

 

 

Level 3

 

Liabilities:

 

 

 

 

 

 

 

 

 

Public Warrants

 

$ 1,725,000

 

 

$ -

 

 

$ -

 

Private Warrants

 

$ -

 

 

$ -

 

 

$ 1,754,807

 

Total Liabilities

 

$ 1,725,000

 

 

$ -

 

 

$ 1,754,807

 

Summary of simulation model for the private placement warrants and public warrants

 

 

January 16,

2024

 

 

December 31,

2023

 

 

 

 

 

 

 

 

Share price

 

$ 10.88

 

 

$ 10.85

 

Strike price

 

$ 11.50

 

 

$ 11.50

 

Term (in years)

 

 

6.41

 

 

 

1.48

 

Volatility

 

 

0.4 %

 

 

0.7 %

Risk-free rate

 

 

4.5 %

 

 

4.52 %

Dividend yield

 

 

0

 

 

 

0

 

Summary Of Reconciliation Of Changes In Fair Value Of warrant Liabilities

 

 

Private

Placement

 

 

Public

 

 

Warrant

Liabilities

 

Fair value as of December 31, 2023

 

$ 1,754,807

 

 

$ 1,725,000

 

 

$ 3,479,807

 

Change in fair value

 

 

(153,294 )

 

 

(1,119,525 )

 

 

(1,272,819 )

Cancellation of private warrants

 

 

(1,601,513 )

 

 

-

 

 

 

(1,601,513 )

Fair value as of March 31, 2024

 

$ -

 

 

$ 605,475

 

 

 

605,475

 

Change in fair value

 

 

-

 

 

 

(241,500 )

 

 

(241,500 )

Fair value as of June 30, 2024

 

$ -

 

 

$ 363,975

 

 

 

363,975