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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Jun. 30, 2024
Accounting Policies [Abstract]  
SCHEDULE OF NET INCOME (LOSS) PER SHARE PRESENTED STATEMENTS OF OPERATIONS

The net income (loss) per share presented in the statements of operations is based on the following:

 

   For The
Three Months
   For The
Three Months
   For The
Six Months
   For the period
From February 16, 2023 (inception)
 
   Ended   Ended   Ended   through 
   June 30,   June 30,   June 30,   June 30, 
   2024   2023   2024   2023 
Net income (loss)  $592,289   $-   $1,187,666   $(3,105)
Interest earned from trust account   (713,793)   -    (1,468,106)   - 
Net loss including accretion of temporary equity to redemption value  $(121,504)  $-   $(280,440)  $(3,105)
SCHEDULE OF EARNINGS PER SHARE BASIC AND DILUTED

 

   Shares   Shares   Shares   Shares 
  

For the Three Months Ended

June 30, 2024

  

For the Three Months Ended

June 30, 2023

 
   Redeemable  

Non-

Redeemable

   Redeemable  

Non-

Redeemable

 
   Shares   Shares   Shares   Shares 
Basic and diluted net income (loss) per share:                               
                     
Numerators:                    
Allocation of net loss including accretion of temporary equity  $(94,280)  $(27,224)  $-   $- 
Income earned on investment held in Trust Account   713,793    -    -     
Allocation of net income (loss)  $619,513   $(27,224)  $-   $- 
                     
Denominators:                    
Weighted-average shares outstanding   6,000,000    1,732,500    -    1,500,000 
Basic and diluted net income (loss) per share  $0.10   $(0.02)  $-   $- 

 

   Shares   Shares   Shares   Shares 
  

For the Six months Ended

June 30, 2024

  

For the period from February 16, 2023 (inception) through

June 30, 2023

 
   Redeemable  

Non-

Redeemable

   Redeemable  

Non-

Redeemable

 
   Shares   Shares   Shares   Shares 
Basic and diluted net income (loss) per share:                              
                     
Numerators:                    
Allocation of net loss including accretion of temporary equity  $(216,671)  $(63,769)  $-   $(3,105)
Income earned on investment held in Trust Account   1,468,106        -     
Allocation of net income (loss)  $1,251,435   $(63,769)  $-   $(3,105)
                     
Denominators:                    
Weighted-average shares outstanding   6,000,000    1,765,879    -    1,500,000 
Basic and diluted net income (loss) per share  $0.21   $(0.04)  $-   $(0.00)
SCHEDULE OF ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION REFLECTED IN THE BALANCE SHEET

At June 30, 2024, the ordinary shares subject to possible redemption reflected in the balance sheet are reconciled in the following table:

 

Public offering proceeds  $60,000,000 
Less:     
Proceeds allocated to Public Rights   (2,460,000)
Allocation of offering costs related to redeemable shares   (4,163,327)
Plus:     
Accretion of carrying value to redemption value   6,623,327 
Ordinary shares subject to possible redemption  $60,000,000 
Plus:     
Subsequent measurement of ordinary shares subject to possible redemption (income earned on trust account)   107,055 
Ordinary shares subject to possible redemption as of December 31, 2023  $60,107,055 
Plus:     
Subsequent measurement of ordinary shares subject to possible redemption (income earned on trust account)   1,468,106 
Ordinary shares subject to possible redemption as of June 30, 2024  $61,575,161