v3.25.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2024
Accounting Policies [Abstract]  
SCHEDULE OF FAIR VALUE MEASUREMENT OF INVESTMENTS HELD IN TRUST ACCOUNT

The following table details the fair value measurement of investments held in the Trust Account that were measured at fair value on a recurring basis based on the following first-tiered fair value hierarchy per ASC 820, Fair Value Measurement, as of December 31, 2024 and 2023.

 

   Level 1   Level 2   Level 3   Total fair
value
 
   Fair Value Measurement 
   Level 1   Level 2   Level 3   Total fair
value
 
Investments held in Trust Account:                    
As of December 31, 2024  $10,208,877   $-   $-   $10,208,877 
As of December 31, 2023  $51,200,344   $-   $-   $51,200,344 
SCHEDULE OF POSSIBLE REDEMPTION

As of December 31, 2024 and 2023, the Class A Ordinary Shares subject to possible redemption reflected in the balance sheet is reconciled in the following table:

 

   December 31, 2024   December 31, 2023 
As of beginning of the year  $51,200,344   $178,531,059 
Plus:          
Remeasurement of carrying value to redemption value   1,406,139    4,486,207 
Extension Contributions   668,264    800,000 
Less:          
Redemptions of Class A ordinary shares subject to possible redemption   (43,065,870)   (132,616,922)
As of ending of the year  $10,208,877   $51,200,344 
SCHEDULE OF BASIC AND DILUTED LOSS PER ORDINARY SHARE

Accordingly, basic and diluted income per ordinary share for the years ended December 31, 2024 and 2023 is calculated as follows:

 

   Redeemable
Ordinary Shares
   Non-Redeemable
Ordinary Shares
   Redeemable
Ordinary Shares
   Non-Redeemable
Ordinary Shares
 
   For the Year ended   For the Year ended 
   December 31, 2024   December 31, 2023 
   Redeemable
Ordinary Shares
   Non-Redeemable
Ordinary Shares
   Redeemable
Ordinary Shares
   Non-Redeemable
Ordinary Shares
 
Basic and diluted net (loss)/income per share:                    
Numerator:                    
Allocation of net (loss)/income  $(83,595)  $(131,891)  $1,666,806   $828,103 
                     
Denominator:                    
Weighted-average shares outstanding   2,828,475    4,462,500    8,982,127    4,462,500 
Basic and diluted net (loss)/income per share  $(0.03)  $(0.03)  $0.19   $0.19