RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) |
1 Months Ended | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Nov. 02, 2023 |
Jul. 14, 2021 |
Feb. 23, 2021 |
Oct. 28, 2022 |
Nov. 16, 2021 |
Oct. 28, 2021 |
Jun. 30, 2024 |
Jun. 30, 2023 |
Jun. 30, 2024 |
Jun. 30, 2023 |
Dec. 31, 2023 |
Jun. 27, 2024 |
Jun. 24, 2024 |
Jun. 18, 2024 |
May 31, 2024 |
May 14, 2024 |
Apr. 29, 2024 |
Dec. 18, 2023 |
Dec. 14, 2023 |
Nov. 13, 2023 |
Oct. 10, 2023 |
Oct. 04, 2023 |
Oct. 02, 2023 |
Sep. 29, 2023 |
Sep. 08, 2023 |
Nov. 02, 2021 |
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Related Party Transaction [Line Items] | ||||||||||||||||||||||||||
Converted basis percentage of common stock | 20.00% | |||||||||||||||||||||||||
Founder shares forfeited | 32,439 | |||||||||||||||||||||||||
Share price | $ 11.16 | $ 11.16 | ||||||||||||||||||||||||
Administrative support agreement | $ 234,652 | $ 234,652 | $ 134,652 | |||||||||||||||||||||||
Advisory fee | $ 20,000 | |||||||||||||||||||||||||
Administrative support expenses | 60,000 | 120,000 | ||||||||||||||||||||||||
Founder shares | 659,844 | |||||||||||||||||||||||||
Payments for Rent | $ 20,000 | |||||||||||||||||||||||||
Compensation expense granted shares | 659,844 | |||||||||||||||||||||||||
Cost of revenue | $ 0 | $ 0 | ||||||||||||||||||||||||
Warrants exercise price share | $ 0.24 | $ 0.24 | $ 0.03 | |||||||||||||||||||||||
Convertible promissory notes | $ 168,100 | $ 168,100 | $ 55,500 | |||||||||||||||||||||||
Fair value of promissory notes | 166,389 | $ 166,389 | ||||||||||||||||||||||||
non-interest bearing deposits | the Sponsor will fund non-interest bearing deposits of $174,116 into the Trust Account. On the Maturity Date, the Company will pay the Sponsor an amount equal to the aggregate amount funded. In the event that the Company winds up or liquidates prior to the Maturity Date, the Sponsor will have no claims under this agreement and the Company has no obligation to pay the Sponsor under this agreement. As of June 30, 2024 and December 31, 2023, $1,392,928 and $348,232, respectively, was outstanding under this note. | |||||||||||||||||||||||||
Class A ordinary shares | 1,650 | |||||||||||||||||||||||||
Initial fair value measurement | the Company first allocated the proceeds from the issuance of the note to the redemption feature based on their initial fair value measurement of $1,593 as of November 7, 2023, $1,596 as of December 4, 2023, $1,604 as of January 1, 2024, $1,614 as of February 1, 2024, $1,622 as of March 5, 2024, $1,989 as of April 3, 2024, $2,364 as of April 30, 2024, and $2,379 as of May 30, 2024. The measurement of the fair value of the redemption feature was determined by applying a probability weighted adjustment for a successful Business Combination to the trading value of the Class A ordinary shares on the date of each draw. See Note 9 for additional details on the assumptions used. As of June 30, 2024 and December 31, 2023 the discount is $16,175 and $2,841, respectively, with the change in fair value of $1,762 included in the accompanying unaudited condensed statements of operations. | |||||||||||||||||||||||||
Debt discount | 6,732 | $ 0 | $ 11,572 | $ 0 | ||||||||||||||||||||||
Net discount on promissory note | 1,390,935 | 1,390,935 | 345,608 | |||||||||||||||||||||||
Amortization of the discount | 9,143 | $ 0 | $ 12,203 | $ 0 | ||||||||||||||||||||||
Non-interest bearing deposits | the first business day of each month thereafter until the earliest to occur of (i) the Maturity Date, (ii) the date the winding up or liquidation of the Company becomes effective, and (iii) July 2, 2024, Seaside will fund non-interest bearing deposits of $37,942 into the Trust Account. On the Maturity Date, the Company will pay Seaside an amount equal to the aggregate amount funded. In the event that the Company winds up or liquidates prior to the Maturity Date, Seaside will have no claims under this agreement and the Company has no obligation to pay Seaside under this agreement. Deposits were made into the Trust Account on each of November 7, 2023, December 4, 2023, December 28, 2023, January 30, 2024, February 28, 2024, March 28, 2024, April 29, 2024, May 28, 2024, and June 28, 2024. As of June 30, 2024 and December 31, 2023, $341,641 and $113,808, respectively, was outstanding under this note. | |||||||||||||||||||||||||
Deposits | $ 37,942 | |||||||||||||||||||||||||
Outstanding Amount | $ 303,536 | $ 303,536 | $ 113,826 | |||||||||||||||||||||||
Description of interest rate | The interest rate on the dates of funding of November 7, 2023, December 4, 2023, December 28, 2023, January 30, 2024, February 28, 2024, March 28, 2024, April 29, 2024, May 31, 2024, and June 28, 2024, were 16.48%, 16.19%, 14.13%, 11.12%, 12.19%, 16.49%, 20.39%, 19.49%, and 20.52%, respectively. The discount recorded on the notes for the three and six months ended June 30, 2024 was $8,332 and $17,990, respectively. The carrying value of the promissory notes, net of discount was $640,125 and $210,483 as of June 30, 2024 and December 31, 2023, respectively. For the three and six months ended June 30, 2024, the amortization of the discount resulted in interest expense of $19,549 and $30,089, respectively. For the three and six months ended June 30, 2023 there was $0 amortization of the discount. | |||||||||||||||||||||||||
A Anchor Investors [Member] | ||||||||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||||||||
Number of shares purchased | 4,000,000 | |||||||||||||||||||||||||
Anchor Investors [Member] | ||||||||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||||||||
Anchor investors, description | In addition to the A Anchor Investors, two qualified institutional buyers or accredited investors not affiliated with the Company, the Sponsor, the Company’s directors or any member of management (the “3.6% B Anchor Investors”), purchased 1,575,000 Units each in the Initial Public Offering at the offering price of $10.00 per Unit, three qualified institutional buyers or accredited investors not affiliated with the Company, the Sponsor, the Company’s directors or any member of management (the “4.0% B Anchor Investors”), purchased 1,749,999 Units each in the Initial Public Offering at the offering price of $10.00 per Unit, and two qualified institutional buyers or accredited investors not affiliated with the Company, the Sponsor, the Company’s directors or any member of management (the “Additional 4.0% B Anchor Investors” and, together with the 3.6% B Anchor Investors and the 4.0% B Anchor Investors, the “B Anchor Investors”), purchased 1,732,500 Units each in the Initial Public Offering at the offering price of $10.00 per Unit, or an aggregate of 15,864,997 Units for all anchor investors (the “Anchor Investors” which includes the A Anchor Investors and the B Anchor Investors). | |||||||||||||||||||||||||
Common Class A [Member] | ||||||||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||||||||
Warrants exercise price share | $ 11.50 | |||||||||||||||||||||||||
Class A Ordiary Share [Member] | ||||||||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||||||||
Ordinary shares | 13,200 | 13,200 | 3,300 | |||||||||||||||||||||||
Sponsor [Member] | ||||||||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||||||||
Founder shares forfeited | 17,125 | |||||||||||||||||||||||||
Sponsor [Member] | Common Class B [Member] | ||||||||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||||||||
Stock Issued During Period, Shares, New Issues | 7,187,500 | |||||||||||||||||||||||||
Aggregate of shares value | $ 25,000 | |||||||||||||||||||||||||
Founder [Member] | ||||||||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||||||||
Repurchase of shares | 2,156,250 | |||||||||||||||||||||||||
Aggregate of shares | 5,031,250 | |||||||||||||||||||||||||
Founder shares forfeited | 32,439 | 2,359,436 | ||||||||||||||||||||||||
Aggregate of shares value | $ 11,725 | |||||||||||||||||||||||||
Share price | $ 0.005 | $ 0.005 | ||||||||||||||||||||||||
Founder [Member] | Anchor Investors [Member] | ||||||||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||||||||
Stock Issued During Period, Shares, New Issues | 1,006,250 | |||||||||||||||||||||||||
Aggregate of shares value | $ 5,000 | |||||||||||||||||||||||||
Founder shares forfeited | 6,488 | |||||||||||||||||||||||||
Aggregate of shares value | $ 18,969,890 | |||||||||||||||||||||||||
Share price | 8.04 | $ 8.04 | ||||||||||||||||||||||||
Founder [Member] | Second Anchor Investors [Member] | ||||||||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||||||||
Stock Issued During Period, Shares, New Issues | 503,125 | |||||||||||||||||||||||||
Aggregate of shares value | $ 2,500 | |||||||||||||||||||||||||
Founder [Member] | 3.6% B First Anchor Investors [Member] | ||||||||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||||||||
Stock Issued During Period, Shares, New Issues | 181,125 | |||||||||||||||||||||||||
Aggregate of shares value | $ 900 | |||||||||||||||||||||||||
Founder shares forfeited | 1,168 | |||||||||||||||||||||||||
Founder [Member] | 3.6% B Anchor Investors [Member] | ||||||||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||||||||
Stock Issued During Period, Shares, New Issues | 362,250 | |||||||||||||||||||||||||
Aggregate of shares value | $ 1,800 | |||||||||||||||||||||||||
Founder shares forfeited | 2,336 | |||||||||||||||||||||||||
Founder [Member] | 4.0% B Second Anchor Investors [Member] | ||||||||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||||||||
Stock Issued During Period, Shares, New Issues | 201,250 | |||||||||||||||||||||||||
Aggregate of shares value | $ 1,000 | |||||||||||||||||||||||||
Founder [Member] | 4.0% B Anchor Investors [Member] | ||||||||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||||||||
Stock Issued During Period, Shares, New Issues | 603,750 | |||||||||||||||||||||||||
Aggregate of shares value | $ 3,000 | |||||||||||||||||||||||||
Founder shares forfeited | 3,894 | |||||||||||||||||||||||||
Founder [Member] | 4.0% B Third Anchor Investors [Member] | ||||||||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||||||||
Stock Issued During Period, Shares, New Issues | 201,250 | |||||||||||||||||||||||||
Aggregate of shares value | $ 1,000 | |||||||||||||||||||||||||
Founder [Member] | 4.0% B Anchor Investor [Member] | ||||||||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||||||||
Stock Issued During Period, Shares, New Issues | 402,500 | |||||||||||||||||||||||||
Aggregate of shares value | $ 2,000 | |||||||||||||||||||||||||
Founder shares forfeited | 2,596 | |||||||||||||||||||||||||
Founder [Member] | All Anchor Investors [Member] | ||||||||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||||||||
Stock Issued During Period, Shares, New Issues | 2,374,750 | |||||||||||||||||||||||||
Aggregate of shares value | $ 11,800 | |||||||||||||||||||||||||
Founder [Member] | First Anchor Investors [Member] | ||||||||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||||||||
Founder shares forfeited | 3,244 | |||||||||||||||||||||||||
Founder [Member] | 4.0% B Fourth Anchor Investors [Member] | ||||||||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||||||||
Founder shares forfeited | 1,298 | |||||||||||||||||||||||||
Founder [Member] | 4.0% B Fifth Anchor Investors [Member] | ||||||||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||||||||
Founder shares forfeited | 1,298 | |||||||||||||||||||||||||
Founder [Member] | Common Class B [Member] | ||||||||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||||||||
Aggregate of shares | 656,250 | |||||||||||||||||||||||||
Founder [Member] | Common Class A [Member] | ||||||||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||||||||
Price per share | 12.00 | $ 12.00 | ||||||||||||||||||||||||
Anchor Investors [Member] | ||||||||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||||||||
Founder shares forfeited | 15,314 | |||||||||||||||||||||||||
Lender [Member] | ||||||||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||||||||
Debt converted to warrants | 1,500,000 | |||||||||||||||||||||||||
Warrants exercise price share | $ 1.00 | $ 1.00 | ||||||||||||||||||||||||
Sponsor Loan [Member] | ||||||||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||||||||
Warrants exercise price share | $ 1.00 | |||||||||||||||||||||||||
Promissory note | $ 1,200,000 | |||||||||||||||||||||||||
Loan payable | $ 300,000 | $ 300,000 | $ 300,000 | $ 300,000 | ||||||||||||||||||||||
Outstanding balance | $ 1,200,000 | $ 1,200,000 | $ 600,000 | |||||||||||||||||||||||
Seaside Loan [Member] | ||||||||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||||||||
Warrants exercise price share | $ 1.00 | |||||||||||||||||||||||||
Promissory note | $ 150,000 | |||||||||||||||||||||||||
Loan payable | $ 37,500 | $ 37,500 | $ 37,500 | $ 37,500 | ||||||||||||||||||||||
Outstanding balance | 150,000 | 150,000 | 75,000 | |||||||||||||||||||||||
Capricorn Loan [Member] | ||||||||||||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||||||||||||
Warrants exercise price share | $ 1.00 | |||||||||||||||||||||||||
Promissory note | $ 150,000 | |||||||||||||||||||||||||
Loan payable | $ 37,500 | $ 37,500 | $ 37,500 | $ 37,500 | ||||||||||||||||||||||
Outstanding balance | $ 150,000 | $ 150,000 | $ 37,500 |