Private Placement |
6 Months Ended |
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Jun. 30, 2024 | |
Private Placement | |
Private Placement | Note 4 — Private Placement
Simultaneously with the closing of the IPO, The Sponsor purchased an aggregate of 2,530,450 in a private placement. The Private Units are identical to the Public Units except with respect to certain registration rights and transfer restrictions. Each Private Unit consists of one share of common stock (“Private Share”) and one-tenth (1/10) of one right (“Private Right”). Each Private Right will convert into one share of common stock upon the consummation of a Business Combination. If the Company does not complete a Business Combination within the Combination Period, the proceeds from the sale of the Private Units will be used to fund the redemption of the Public Shares (subject to the requirements of applicable law), and the Private Units and all underlying securities will expire worthless. Private Units at a price of $ per Private Unit for an aggregate purchase price of $
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