Annual report pursuant to Section 13 and 15(d)

FAIR VALUE MEASUREMENTS (Tables)

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FAIR VALUE MEASUREMENTS (Tables)
 12 Months Ended
Dec. 31, 2023
Fair Value Disclosures [Abstract]  
Schedule of fair value warrant liability
                               
    Amount at Fair Value     Level 1     Level 2     Level 3  
December 31, 2023                                
Liabilities                                
Warrant liability – Public Warrants   $ 299,929     $ 299,929     $ -     $ -  
Warrant liability – Private Placement Warrants     269,957       -       -       269,957  
Convertible promissory notes – related party     55,500       -       -       55,500  
Derivative liability - promissory note - related party redemption feature     2,841       2,841       -       -  
    $ 628,227     $ 302,770     $ -     $ 325,457  
December 31, 2022                                
Assets                                
Investments held in Trust Account:                                
Money market investments   $ 204,641,162     $ 204,641,162     $ -     $ -  
Liabilities                                
Warrant liability – Public Warrants     1,599,620       1,599,620       -       -  
Warrant liability – Private Placement Warrants     1,439,771       -       -       1,439,771  
    $ 3,039,391     $ 1,599,620     $ -     $ 1,439,771  
Schedule of fair value of the private placement warrants
               
    As of
December 31,
2023		     As of
December 31,
2022		  
Stock price   $ 10.76     $ 10.06  
Exercise price   $ 11.50     $ 11.50  
Dividend yield     - %     - %
Expected term (in years)     5.50       5.34  
Volatility     5.9 %     5.0 %
Risk-free rate     3.78 %     3.91 %
Fair value   $ 0.03     $ 0.16  
Schedule of fair value of the Promissory Notes
                               
    As of
October 4,
2023
(Initial Measurement)		     As of
November 13,
2023
(Initial Measurement)		     As of
December 18,
2023
(Initial Measurement)		     As of
December 31,
2023		  
Warrant fair value   $ 0.10     $ 0.10     $ 0.03     $ 0.03  
Exercise price   $ 1.00     $ 1.00     $ 1.00     $ 1.00  
Dividend yield     - %     - %     - %     - %
Expected term (in years)     0.75       0.64       0.51       0.51  
Warrant volatility     275.7 %     291.4 %     283.1 %     283.1 %
Risk-free rate     5.50 %     5.50 %     5.30 %     5.30 %
Schedule of fair value financial instruments
       
Fair value as of December 31, 2022 - Level 3 investment   $ 1,439,771  
Change in fair value of private placement warrants     (1,169,814 )
Initial value of draw on convertible promissory note - related party on October 4, 2023     36,600  
Initial value of draw on convertible promissory note - related party on November 13, 2023     3,400  
Initial value of draw on convertible promissory note - related party December 18, 2023     26,289  
Change in fair value of convertible promissory notes     (10,789 ) 
Fair value as of December 31, 2023 - Level 3 investments   $ 325,457