2024 Q4 Form 10-Q Financial Statement
#000182912624006727 Filed on October 09, 2024
Income Statement
Concept | 2024 Q4 | 2024 Q3 |
---|---|---|
Revenue | ||
YoY Change | ||
Cost Of Revenue | ||
YoY Change | ||
Gross Profit | ||
YoY Change | ||
Gross Profit Margin | ||
Selling, General & Admin | ||
YoY Change | ||
% of Gross Profit | ||
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | ||
YoY Change | ||
% of Gross Profit | ||
Operating Expenses | ||
YoY Change | ||
Operating Profit | -$284.9K | |
YoY Change | ||
Interest Expense | ||
YoY Change | ||
% of Operating Profit | ||
Other Income/Expense, Net | ||
YoY Change | ||
Pretax Income | ||
YoY Change | ||
Income Tax | ||
% Of Pretax Income | ||
Net Earnings | $2.573M | |
YoY Change | ||
Net Earnings / Revenue | ||
Basic Earnings Per Share | ||
Diluted Earnings Per Share | ||
COMMON SHARES | ||
Basic Shares Outstanding | 25.80M shares | 25.80M shares |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2024 Q4 | 2024 Q3 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | ||
YoY Change | ||
Cash & Equivalents | $1.738M | |
Short-Term Investments | ||
Other Short-Term Assets | ||
YoY Change | ||
Inventory | ||
Prepaid Expenses | $277.1K | |
Receivables | ||
Other Receivables | ||
Total Short-Term Assets | $2.015M | |
YoY Change | ||
LONG-TERM ASSETS | ||
Property, Plant & Equipment | ||
YoY Change | ||
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | ||
YoY Change | ||
Total Long-Term Assets | $207.5M | |
YoY Change | ||
TOTAL ASSETS | ||
Total Short-Term Assets | $2.015M | |
Total Long-Term Assets | $207.5M | |
Total Assets | $209.5M | |
YoY Change | ||
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | ||
YoY Change | ||
Accrued Expenses | ||
YoY Change | ||
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | ||
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $37.04K | |
YoY Change | ||
LONG-TERM LIABILITIES | ||
Long-Term Debt | ||
YoY Change | ||
Other Long-Term Liabilities | ||
YoY Change | ||
Total Long-Term Liabilities | ||
YoY Change | ||
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $37.04K | |
Total Long-Term Liabilities | ||
Total Liabilities | $7.081M | |
YoY Change | ||
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$4.966M | |
YoY Change | ||
Common Stock | $568.00 | |
YoY Change | ||
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | -$4.966M | |
YoY Change | ||
Total Liabilities & Shareholders Equity | $209.5M | |
YoY Change |
Cashflow Statement
Concept | 2024 Q4 | 2024 Q3 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $2.573M | |
YoY Change | ||
Depreciation, Depletion And Amortization | ||
YoY Change | ||
Cash From Operating Activities | ||
YoY Change | ||
INVESTING ACTIVITIES | ||
Capital Expenditures | ||
YoY Change | ||
Acquisitions | ||
YoY Change | ||
Other Investing Activities | ||
YoY Change | ||
Cash From Investing Activities | ||
YoY Change | ||
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | ||
YoY Change | ||
NET CHANGE | ||
Cash From Operating Activities | ||
Cash From Investing Activities | ||
Cash From Financing Activities | ||
Net Change In Cash | ||
YoY Change | ||
FREE CASH FLOW | ||
Cash From Operating Activities | ||
Capital Expenditures | ||
Free Cash Flow | ||
YoY Change |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
CY2024Q3 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
usd | |
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Document Quarterly Report
DocumentQuarterlyReport
|
true | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2024-08-31 | ||
dei |
Document Transition Report
DocumentTransitionReport
|
false | ||
dei |
Entity File Number
EntityFileNumber
|
001-41945 | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
LEGATO MERGER CORP. III | ||
dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
E9 | ||
dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
98-1761148 | ||
dei |
Entity Address Address Line1
EntityAddressAddressLine1
|
777 Third Avenue | ||
dei |
Entity Address Address Line2
EntityAddressAddressLine2
|
37th Floor | ||
dei |
Entity Address City Or Town
EntityAddressCityOrTown
|
New York | ||
dei |
Entity Address State Or Province
EntityAddressStateOrProvince
|
NY | ||
dei |
Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
10017 | ||
dei |
City Area Code
CityAreaCode
|
(212) | ||
dei |
Local Phone Number
LocalPhoneNumber
|
319-7676 | ||
dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | ||
dei |
Entity Interactive Data Current
EntityInteractiveDataCurrent
|
Yes | ||
dei |
Entity Filer Category
EntityFilerCategory
|
Non-accelerated Filer | ||
dei |
Entity Small Business
EntitySmallBusiness
|
true | ||
dei |
Entity Emerging Growth Company
EntityEmergingGrowthCompany
|
true | ||
dei |
Entity Ex Transition Period
EntityExTransitionPeriod
|
false | ||
dei |
Entity Shell Company
EntityShellCompany
|
true | ||
CY2024Q4 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
25799375 | shares |
CY2023Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
15738 | usd |
CY2024Q3 | CIK0002002038 |
Deferred Underwriting Commissions
DeferredUnderwritingCommissions
|
7043750 | usd |
CY2024Q3 | us-gaap |
Liabilities
Liabilities
|
7080794 | usd |
CY2023Q4 | us-gaap |
Liabilities
Liabilities
|
15738 | usd |
CY2024Q3 | us-gaap |
Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
|
0.0001 | |
CY2024Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
CY2023Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
CY2024Q3 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2024Q3 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2023Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2023Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2024Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2024Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
200000000 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
200000000 | shares |
CY2024Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
5118750 | shares |
CY2024Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
5118750 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
5118750 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
5118750 | shares |
CY2024Q3 | us-gaap |
Common Stock Value
CommonStockValue
|
568 | usd |
CY2023Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
512 | usd |
CY2023Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
24988 | usd |
CY2024Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-4966109 | usd |
CY2023Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-17632 | usd |
CY2024Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-4965541 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
7868 | usd |
CY2024Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
209520940 | usd |
CY2023Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
23606 | usd |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
506106 | usd | |
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2024 | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--11-30 | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0002002038 | ||
CY2023Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
usd | |
CY2024Q3 | us-gaap |
Deferred Offering Costs
DeferredOfferingCosts
|
usd | |
CY2023Q4 | us-gaap |
Assets Held In Trust Noncurrent
AssetsHeldInTrustNoncurrent
|
usd | |
CY2024Q3 | CIK0002002038 |
Notes Payable To Shareholder
NotesPayableToShareholder
|
usd | |
CY2023Q4 | CIK0002002038 |
Deferred Underwriting Commissions
DeferredUnderwritingCommissions
|
usd | |
CY2023Q4 | us-gaap |
Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
|
usd | |
CY2023Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
usd | |
CY2024Q3 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
usd | |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
usd | |
CY2024Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1738180 | usd |
CY2024Q3 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
277073 | usd |
CY2023Q4 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
19868 | usd |
CY2023Q4 | us-gaap |
Deferred Offering Costs
DeferredOfferingCosts
|
3738 | usd |
CY2024Q3 | us-gaap |
Assets Current
AssetsCurrent
|
2015253 | usd |
CY2023Q4 | us-gaap |
Assets Current
AssetsCurrent
|
23606 | usd |
CY2024Q3 | us-gaap |
Assets Held In Trust Noncurrent
AssetsHeldInTrustNoncurrent
|
207505687 | usd |
CY2024Q3 | us-gaap |
Assets
Assets
|
209520940 | usd |
CY2023Q4 | us-gaap |
Assets
Assets
|
23606 | usd |
CY2024Q3 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
37044 | usd |
CY2023Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
3238 | usd |
CY2023Q4 | CIK0002002038 |
Notes Payable To Shareholder
NotesPayableToShareholder
|
12500 | usd |
CY2024Q3 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
37044 | usd |
CY2023Q4 | us-gaap |
Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
|
0.0001 | |
CY2024Q3 | us-gaap |
Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
|
200000000 | shares |
CY2023Q4 | us-gaap |
Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
|
200000000 | shares |
CY2024Q3 | us-gaap |
Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
|
20125000 | shares |
CY2023Q4 | us-gaap |
Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
|
0 | shares |
CY2024Q3 | us-gaap |
Temporary Equity Redemption Price Per Share
TemporaryEquityRedemptionPricePerShare
|
10.31 | |
CY2023Q4 | us-gaap |
Temporary Equity Redemption Price Per Share
TemporaryEquityRedemptionPricePerShare
|
0 | |
CY2024Q3 | us-gaap |
Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
|
207405687 | usd |
CY2024Q3 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2023Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2023Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2024Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
284948 | usd |
CY2024Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-284948 | usd |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-506106 | usd | |
CY2024Q3 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
2842357 | usd |
us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
6255687 | usd | |
CY2024Q3 | CIK0002002038 |
Investment Income On Cash Accounts
InvestmentIncomeOnCashAccounts
|
16083 | usd |
CIK0002002038 |
Investment Income On Cash Accounts
InvestmentIncomeOnCashAccounts
|
36247 | usd | |
CY2024Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
2573492 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
5785828 | usd | |
CY2024Q3 | CIK0002002038 |
Weighted Average Shares Outstanding Of Ordinary Shares Basic And Dilutedpublic Shares
WeightedAverageSharesOutstandingOfOrdinarySharesBasicAndDilutedpublicShares
|
20680625 | shares |
CIK0002002038 |
Weighted Average Shares Outstanding Of Ordinary Shares Basic And Dilutedpublic Shares
WeightedAverageSharesOutstandingOfOrdinarySharesBasicAndDilutedpublicShares
|
20680625 | shares | |
CY2024Q3 | CIK0002002038 |
Basic And Diluted Net Income Per Share Public Shares
BasicAndDilutedNetIncomePerSharePublicShares
|
0.10 | |
CIK0002002038 |
Basic And Diluted Net Income Per Share Public Shares
BasicAndDilutedNetIncomePerSharePublicShares
|
0.22 | ||
CY2024Q3 | CIK0002002038 |
Weighted Average Shares Outstanding Of Ordinary Shares Basic And Dilutedfounders Shares1
WeightedAverageSharesOutstandingOfOrdinarySharesBasicAndDilutedfoundersShares1
|
5118750 | shares |
CIK0002002038 |
Weighted Average Shares Outstanding Of Ordinary Shares Basic And Dilutedfounders Shares1
WeightedAverageSharesOutstandingOfOrdinarySharesBasicAndDilutedfoundersShares1
|
5118750 | shares | |
CY2024Q3 | CIK0002002038 |
Basic And Diluted Net Income Per Share Founders Shares
BasicAndDilutedNetIncomePerShareFoundersShares
|
0.10 | |
CIK0002002038 |
Basic And Diluted Net Income Per Share Founders Shares
BasicAndDilutedNetIncomePerShareFoundersShares
|
0.22 | ||
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
7868 | usd |
CY2024Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
5556250 | usd |
CY2024Q1 | CIK0002002038 |
Initial Classification Of Warrants Included In Units Sold In Initial Public Offering
InitialClassificationOfWarrantsIncludedInUnitsSoldInInitialPublicOffering
|
1308125 | usd |
CY2024Q1 | CIK0002002038 |
Ordinary Shares Accretion To Redemption Value
OrdinarySharesAccretionToRedemptionValue
|
-11932673 | usd |
CY2024Q1 | us-gaap |
Profit Loss
ProfitLoss
|
530107 | usd |
CY2024Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-4530323 | usd |
CY2024Q2 | CIK0002002038 |
Ordinary Shares Accretion To Redemption Value
OrdinarySharesAccretionToRedemptionValue
|
-2848581 | usd |
CY2024Q2 | us-gaap |
Profit Loss
ProfitLoss
|
2682228 | usd |
CY2024Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-4696676 | usd |
CY2024Q3 | CIK0002002038 |
Ordinary Shares Accretion To Redemption Value
OrdinarySharesAccretionToRedemptionValue
|
-2842357 | usd |
CY2024Q3 | us-gaap |
Profit Loss
ProfitLoss
|
2573492 | usd |
CY2024Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-4965541 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
5785828 | usd | |
CIK0002002038 |
Investment Income On Trust
InvestmentIncomeOnTrust
|
6255687 | usd | |
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
257205 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-727064 | usd | |
CIK0002002038 |
Cash Deposited Into Trust Account
CashDepositedIntoTrustAccount
|
201250000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-201250000 | usd | |
CIK0002002038 |
Note Payable Related Party
NotePayableRelatedParty
|
146785 | usd | |
CIK0002002038 |
Payment Of Offering Costs
PaymentOfOfferingCosts
|
121785 | usd | |
CIK0002002038 |
Issuance Of Representative Shares
IssuanceOfRepresentativeShares
|
500 | usd | |
us-gaap |
Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
|
5556250 | usd | |
us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
201250000 | usd | |
CIK0002002038 |
Payment Of Offering Costs Net Of Reimbursement From Underwriter Associated With Initial Public Offering
PaymentOfOfferingCostsNetOfReimbursementFromUnderwriterAssociatedWithInitialPublicOffering
|
3116506 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
203715244 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
1738180 | usd | |
CY2024Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1738180 | usd |
CIK0002002038 |
Deferred Underwriting Commission
DeferredUnderwritingCommission
|
7043750 | usd | |
CIK0002002038 |
Accretion Of Carrying Value To Redemption Value
AccretionOfCarryingValueToRedemptionValue
|
17623612 | usd | |
CIK0002002038 |
Deferred Offering Costs Paid By Sponsor In Exchange For Issuance Of Founder Shares
DeferredOfferingCostsPaidBySponsorInExchangeForIssuanceOfFounderShares
|
25000 | usd | |
CIK0002002038 |
Deferred Offering Costs Paid Through Prepaid Expenses
DeferredOfferingCostsPaidThroughPrepaidExpenses
|
12500 | usd | |
us-gaap |
Nature Of Operations
NatureOfOperations
|
<p id="xdx_809_eus-gaap--NatureOfOperations_zc3TS4dUK7ca" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>Note 1 — <span id="xdx_82C_zyxaBuJXGOu4">Organization and Plan of Business Operations</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Legato Merger Corp. III (the “Company”) was incorporated as an exempted company in the Cayman Islands on November 6, 2023 with the objective to acquire, through a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or other similar business combination, one or more businesses or entities (a “Business Combination”).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company is not limited to a particular industry or sector for purposes of consummating a Business Combination, although it has focused its search on target businesses in the infrastructure, engineering and construction, industrial and renewables industries. The Company is an early stage and emerging growth company and, as such, the Company is subject to all of the risks associated with early stage and emerging growth companies.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">At August 31, 2024, the Company had not yet commenced any operations. All activity through August 31, 2024 relates to the Company’s formation, the public offering described below and the search for a target business with which to consummate a Business Combination.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The registration statement for the Company’s Initial Public Offering was declared effective on February 5, 2024. On February 8, 2024, the Company consummated the Initial Public Offering of <span id="xdx_905_ecustom--UnitsIssuedDuringPeriodSharesNewIssues_c20240201__20240208__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember_zD8J7NkmEVa2" title="Number of units sold">20,125,000</span> units (which included <span id="xdx_90A_ecustom--UnitsIssuedDuringPeriodSharesNewIssues_c20240201__20240208__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--OverAllotmentOptionMember_zdRZuwXoG2Ah" title="Number of units sold">2,625,000</span> units subject to the underwriters’ over-allotment option which was exercised in full on February 6, 2024) at $<span id="xdx_90E_eus-gaap--SharesIssuedPricePerShare_iI_c20240208__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--OverAllotmentOptionMember_zw4JDjpts0cl" title="Purchase price, per Unit">10.00</span> per Unit, generating gross proceeds of $<span id="xdx_90B_eus-gaap--ProceedsFromIssuanceInitialPublicOffering_c20240201__20240208__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember_zxLUw6aKKqNd" title="Proceeds from issuance initial public offering">201,250,000</span> which is described in Note 3.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Simultaneously with the closing of the Initial Public Offering, the Company consummated the sale of <span id="xdx_90B_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_iI_c20240208__us-gaap--ClassOfWarrantOrRightAxis__custom--PrivateUnitsMember__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember_zaoUkU7zUgv5" title="Sale of private placement units (in shares)">555,625</span> units, at a price of $<span id="xdx_90D_ecustom--ClassOfWarrantOrRightPriceOfWarrantsOrRights_iI_c20240208__us-gaap--ClassOfWarrantOrRightAxis__custom--PrivateUnitsMember__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember_z8aWLlszdrFi" title="Price of per Unit">10.00</span> per unit in a private placement to certain holders of the Company’s founder shares (“Initial Shareholders”) and the underwriters in the Initial Public Offering, generating gross proceeds of $<span id="xdx_90F_eus-gaap--ProceedsFromIssuanceOfWarrants_c20240201__20240208__us-gaap--ClassOfWarrantOrRightAxis__custom--PrivateUnitsMember__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember_zEQCJjgZVKZa" title="Gross proceeds">5,556,250</span> (“Private Units”), which is described in Note 4.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Transaction costs amounted to $<span id="xdx_90A_ecustom--TransactionCosts_pp0p0_c20240831_z12kMfmYL9Ng" title="Transaction costs">11,669,174</span>, consisting of $<span id="xdx_901_ecustom--UnderwritingFees_pp0p0_c20240831_zaqvuGft4fe1" title="Underwriting fees">4,025,000</span> in underwriting fees, up to $<span id="xdx_90D_ecustom--DeferredUnderwritingFees_pp0p0_c20240831_z8ijfoFkrwUl" title="Deferred underwriting fees">7,043,750</span> of deferred underwriting fees and $<span id="xdx_90D_ecustom--SaleOfStockOtherOfferingCosts_pp0p0_c20240831_z6ikxBglyas4" title="Other offering costs">600,424</span> of other offering costs. Additionally, the underwriters made a payment to the Company in an amount equal to $<span id="xdx_90F_eus-gaap--PaymentsForUnderwritingExpense_pp0p0_c20231201__20240831_zmSmzUhb65J3" title="Payment for expenses">1,509,375</span> to reimburse the Company for certain expenses in connection with the Initial Public Offering and for expenses to be incurred by the Company. As of August 31, 2024, cash of $<span id="xdx_905_eus-gaap--CashAndCashEquivalentsAtCarryingValue_iI_pp0p0_c20240831_zJeFeLJ5UhA5" title="Cash and cash equivalents">1,738,180</span>. was held outside of the Trust Account (as defined below) and is available for working capital purposes.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Following the closing of the Initial Public Offering on February 8, 2024, $<span id="xdx_902_ecustom--PaymentsForInvestmentOfCashInTrustAccount_c20240201__20240208__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember_zsdSwkQVn8O1" title="Net proceeds of the sale of the Units">201,250,000</span> ($<span id="xdx_905_eus-gaap--SharesIssuedPricePerShare_iI_c20240208__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember_zQTLEcOA3oqd" title="purchase price, per Unit">10.00</span> per Unit) from the net proceeds of the sale of the Units in the Initial Public Offering and the sale of the Private Units was placed in a trust account (the “Trust Account”) and is invested in U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act of 1940, as amended (“Investment Company Act”), with a maturity of 185 days or less, or in any open-ended investment company that holds itself out as a money market fund selected by the Company meeting the conditions of Rule 2a-7 of the Investment Company Act, as determined by the Company, until the earlier of (i) the consummation of the Company’s initial Business Combination (ii) the redemption of any ordinary shares included in the Units being sold in the Initial Public Offering (“Public Shares”) that have been properly tendered in connection with a shareholder vote to amend the Company’s amended and restated memorandum and articles of association to modify the substance or timing of its obligation to redeem 100% of such ordinary shares if it does not complete the initial Business Combination within 24 months from the closing of the Initial Public Offering (or 27 months from the closing of the Initial Public Offering if the Company has executed a letter of intent, agreement in principle or definitive agreement for an initial Business Combination within 24 months from the closing of the Initial Public Offering) (“Combination Period”); and (iii) the Company’s failure to consummate a Business Combination within the prescribed time. Placing funds in the Trust Account may not protect those funds from third party claims against the Company.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company’s management has broad discretion with respect to the specific application of the net proceeds of its Initial Public Offering and Private Units, although substantially all of the net proceeds are intended to be applied generally toward consummating a Business Combination. Pursuant to the NYSE listing rules, the Company’s initial Business Combination must be with a target business or businesses whose collective fair market value is at least equal to <span id="xdx_90D_ecustom--ConditionForFutureBusinessCombinationUseOfProceedsPercentage_dp_c20231201__20240831_z8hTY2cWCYVg" title="Assets held in the Trust Account (in percentage)">80</span>% of the balance in the Trust Account at the time of the execution of a definitive agreement for such Business Combination (net of amounts previously disbursed to management for tax obligations and working capital purposes and excluding the amount of deferred underwriting fees held in the Trust Account), although this may entail simultaneous acquisitions of several target businesses. The Company intends to only complete a Business Combination if the post-Business Combination company owns or acquires <span id="xdx_905_ecustom--ConditionForFutureBusinessCombinationThresholdPercentageOwnership_dp_c20231201__20240831_zi3webWpOrOc" title="Condition for future business combination threshold ownership (in percentage)">50</span>% or more of the outstanding voting securities of the target or otherwise acquires a controlling interest in the target sufficient for it not to be required to register as an investment company under the Investment Company Act. There is no assurance that the Company will be able to successfully effect a Business Combination.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company will provide its public shareholders with the opportunity to redeem all or a portion of their Public Shares upon the completion of a Business Combination either (i) in connection with a shareholder meeting called to approve the Business Combination or (ii) by means of a tender offer. The decision as to whether the Company will seek shareholder approval of a Business Combination or conduct a tender offer will be made by the Company, solely in its discretion. The public shareholders will be entitled to redeem their Public Shares for a pro rata portion of the amount then on deposit in the Trust Account (initially $<span id="xdx_90B_eus-gaap--SharesIssuedPricePerShare_iI_c20240208__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember_zd8KiVsatBt9" title="purchase price, per Unit">10.00</span> per Public Share, plus any pro rata interest earned on the funds held in the Trust Account and not previously released to the Company to pay its tax obligations and trust administration expenses). There will be no redemption rights upon the completion of a Business Combination with respect to the Company’s warrants.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">If the Company seeks shareholder approval of a Business Combination, the Company’s officers, directors and initial shareholders (the “Insiders”) have agreed, subject to applicable securities laws, to vote their Founder Shares (as defined in Note 5), the ordinary shares included in the Private Units (the “Private Shares”) and any Public Shares held by them in favor of approving a Business Combination. Additionally, each public shareholder may elect to redeem their Public Shares irrespective of whether they vote for or against the proposed Business Combination or do not vote at all.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company will also provide its public shareholders with the opportunity to redeem all or a portion of their Public Shares in connection with any shareholder vote to approve an amendment to the Company’s Amended and Restated Memorandum and Articles of Association that would affect the substance or timing of the Company’s obligation to redeem <span id="xdx_901_ecustom--PercentageObligationToRedeemPublicSharesIfEntityDoesNotCompleteBusinessCombination_dp_c20231201__20240831_zosZRbBQuXAi" title="Obligation to redeem Public Shares if entity does not complete a Business Combination (as a percent)">100</span>% of Public Shares if it does not complete an initial Business Combination within the Combination Period. The shareholders will be entitled to redeem their shares for a pro rata portion of the amount then on deposit in the Trust Account (initially $10.00 per share, plus any pro rata interest earned on the funds held in the Trust Account and not previously released to the Company to pay its tax obligations and trust administration expenses). There will be no redemption rights with respect to the Company’s warrants in connection with such a shareholder vote to approve such an amendment to the Company’s Amended and Restated Memorandum and Articles of Association.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company will have until the expiration of the Combination Period to consummate its initial Business Combination. If the Company is unable to consummate a Business Combination within the Combination Period and shareholders do not otherwise extend the Combination Period by approving an amendment to the Company’s Amended and Restated Memorandum and Articles of Association, the Company will (i) cease all operations except for the purposes of winding up; (ii) as promptly as reasonably possible but not more than ten business days thereafter, redeem the Public Shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including any interest earned on the Trust Account not previously released to the Company to pay its tax obligations and trust administration expenses, and up to $<span id="xdx_90F_ecustom--DissolutionExpenses_c20231201__20240831_zuF1w0sD7Kql" title="Dissolution expenses">100,000</span> of interest to pay liquidation and dissolution expenses, divided by the number of then outstanding Public Shares, which redemption will completely extinguish public shareholders’ rights as shareholders (including the right to receive further liquidating distributions, if any), subject to applicable law, and; (iii) as promptly as reasonably possible following such redemption, subject to the approval of the Company’s remaining shareholders and the Company’s board of directors, dissolve and liquidate, subject in the case of clauses (ii) and (iii) to the Company’s obligations under Cayman Islands law to provide for claims of creditors and the requirements of other applicable law. There will be no redemption rights or liquidating distributions with respect to the Company’s warrants, which will expire worthless if the Company fails to complete a Business Combination.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Insiders have agreed to waive their redemption rights with respect to any Founder Shares and Private Shares, as applicable, (i) in connection with the consummation of a Business Combination, (ii) in connection with a shareholder vote to amend the Company’s Amended and Restated Memorandum and Articles of Association to modify the substance or timing of the Company’s obligation to allow redemption as provided therein, and (iii) if the Company fails to consummate a Business Combination within the Combination Period. The Insiders have also agreed to waive their redemption rights with respect to any Public Shares held by them in connection with the consummation of a Business Combination and in connection with a shareholder vote to amend the Company’s Amended and Restated Memorandum and Articles of Association as described above. However, the Insiders will be entitled to liquidation rights with respect to Public Shares if the Company fails to consummate a Business Combination and liquidates the Trust Account. In the event of such distribution, it is possible that the per share value of the residual assets remaining available for distribution (including Trust Account assets) will be less than the public offering price per Unit in the Initial Public Offering. Placing funds in the Trust Account may not protect those funds from third party claims against the Company. Although the Company will seek to have all vendors, service providers (except the Company’s independent registered public accounting firm), prospective target businesses or other entities it engages, execute agreements with the Company waiving any claim of any kind in or to any monies held in the Trust Account, there is no guarantee that such persons will execute such agreements. Crescendo Advisors, LLC, an entity affiliated with Mr. Rosenfeld, the Company’s Chief SPAC Officer, has agreed that it will be liable to ensure that the proceeds in the Trust Account are not reduced below $10.00 per share by the claims of target businesses or claims of vendors or other entities that are owed money by the Company for services rendered or contracted for or products sold to the Company. However, the Company has not independently verified whether Crescendo Advisors LLC has sufficient funds to satisfy its indemnity obligations, the Company has not asked it to reserve for such obligations and the Company does not believe it has any significant liquid assets.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><i>Liquidity and Capital Resources</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of August 31, 2024, the Company had $<span id="xdx_90D_eus-gaap--CashAndCashEquivalentsAtCarryingValue_iI_pp0p0_c20240831_zhAP8N2Y8PY1" title="Cash and cash equivalents">1,738,180</span> in cash and working capital of $<span id="xdx_900_ecustom--WorkingCapital_pp0p0_c20240831_zf84rf6GEGw3" title="Working capital">1,978,209</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company’s liquidity needs prior to the consummation of the Initial Public Offering were satisfied through the payment of $<span id="xdx_90A_eus-gaap--ProceedsFromIssuanceOfCommonStock_pp0p0_c20231201__20240831_z8D8kiNzTrI" title="Issuance of ordinary shares to initial shareholders">25,000</span> from the initial shareholder exchange for issuance of Founder Shares (as defined in Note 5), and loan proceeds from Eric Rosenfeld, the Company’s Chief SPAC Officer, of $<span id="xdx_901_eus-gaap--RepaymentsOfNotesPayable_pp0p0_c20231201__20240831_z1E5Mu0h1489" title="Repayment of note payable related party">146,785</span> evidenced by promissory notes as described below in Note 5. The loan balances were settled shortly after the consummation of the Initial Public Offering. Subsequent to the consummation of the Initial Public Offering, the Company’s liquidity has been satisfied through the net proceeds held outside of the Trust Account.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company intends to use substantially all of the funds held in the Trust Account (excluding deferred underwriting commissions) to acquire a target business or businesses and to pay its expenses relating thereto. To the extent that the Company’s securities are used in whole or in part as consideration to affect the Business Combination, the remaining proceeds held in the Trust Account as well as any other net proceeds not expended will be used as working capital to finance the operations of the target business or businesses. In addition, in order to finance transaction costs in connection with a Business Combination, the Insiders or their affiliates may, but are not obligated to, provide the Company Working Capital Loans (as defined in Note 5). As of August 31, 2024 and November 30, 2023, there were no amounts outstanding under any Working Capital Loan.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> | ||
CY2024Q3 | CIK0002002038 |
Transaction Costs
TransactionCosts
|
11669174 | usd |
CY2024Q3 | CIK0002002038 |
Underwriting Fees
UnderwritingFees
|
4025000 | usd |
CY2024Q3 | CIK0002002038 |
Deferred Underwriting Fees
DeferredUnderwritingFees
|
7043750 | usd |
CY2024Q3 | CIK0002002038 |
Sale Of Stock Other Offering Costs
SaleOfStockOtherOfferingCosts
|
600424 | usd |
us-gaap |
Payments For Underwriting Expense
PaymentsForUnderwritingExpense
|
1509375 | usd | |
CY2024Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1738180 | usd |
CIK0002002038 |
Condition For Future Business Combination Use Of Proceeds Percentage
ConditionForFutureBusinessCombinationUseOfProceedsPercentage
|
0.80 | pure | |
CIK0002002038 |
Condition For Future Business Combination Threshold Percentage Ownership
ConditionForFutureBusinessCombinationThresholdPercentageOwnership
|
0.50 | pure | |
CIK0002002038 |
Percentage Obligation To Redeem Public Shares If Entity Does Not Complete Business Combination
PercentageObligationToRedeemPublicSharesIfEntityDoesNotCompleteBusinessCombination
|
1 | pure | |
CIK0002002038 |
Dissolution Expenses
DissolutionExpenses
|
100000 | usd | |
CY2024Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1738180 | usd |
CY2024Q3 | CIK0002002038 |
Working Capital
WorkingCapital
|
1978209 | usd |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
25000 | usd | |
us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
146785 | usd | |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_841_eus-gaap--UseOfEstimates_zUF7rIRzc6Oc" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><i><span id="xdx_86A_zcfXbZAIEoDg">Use of Estimates</span></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The preparation of the consolidated condensed financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated condensed financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the consolidated condensed financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from those estimates.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> | ||
CY2024Q3 | us-gaap |
Cash
Cash
|
0 | usd |
CY2023Q4 | us-gaap |
Cash
Cash
|
0 | usd |
CY2024Q1 | us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
201250000 | usd |
CY2024Q1 | CIK0002002038 |
Fair Value Of Public Warrants At Issuance
FairValueOfPublicWarrantsAtIssuance
|
-1308125 | usd |
CY2024Q1 | CIK0002002038 |
Ordinary Share Issuance Costs
OrdinaryShareIssuanceCosts
|
-10159799 | usd |
CY2024Q1 | us-gaap |
Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
|
11932673 | usd |
CY2024Q1 | CIK0002002038 |
Ordinary Shares Subject To Possible Redemption
OrdinarySharesSubjectToPossibleRedemption
|
201714749 | usd |
CY2024Q2 | us-gaap |
Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
|
2848581 | usd |
CY2024Q2 | CIK0002002038 |
Ordinary Shares Subject To Possible Redemption
OrdinarySharesSubjectToPossibleRedemption
|
204563330 | usd |
CY2024Q3 | us-gaap |
Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
|
2842357 | usd |
CY2024Q3 | CIK0002002038 |
Ordinary Shares Subject To Possible Redemption
OrdinarySharesSubjectToPossibleRedemption
|
207405687 | usd |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
10340313 | shares | |
us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p id="xdx_84B_eus-gaap--ConcentrationRiskCreditRisk_z3OQCQmMufgg" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify"><i><span id="xdx_86B_zxgDlwn6oJ04">Concentration of Credit Risk</span></i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Financial instruments that potentially subject the Company to concentrations of credit risk consist of a cash account in a financial institution, which, at times, may exceed the Federal Deposit Insurance Corporation coverage limit of $<span id="xdx_90C_eus-gaap--CashFDICInsuredAmount_pp0p0_c20240831_z3anmryqBwA1" title="FDIC insured amount">250,000</span>. Any loss incurred or a lack of access to such funds could have a significant adverse impact on the Company’s financial condition, results of operations, and cash flows.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> | ||
CY2024Q3 | us-gaap |
Cash Fdic Insured Amount
CashFDICInsuredAmount
|
250000 | usd |
us-gaap |
Administrative Fees Expense
AdministrativeFeesExpense
|
20000 | usd | |
CY2024Q3 | CIK0002002038 |
Due To Affiliate For Service
DueToAffiliateForService
|
60000 | usd |
CIK0002002038 |
Due To Affiliate For Service
DueToAffiliateForService
|
135172 | usd | |
CIK0002002038 |
Note Payable Related Party
NotePayableRelatedParty
|
146785 | usd | |
CY2024Q3 | CIK0002002038 |
Working Capital Loans
WorkingCapitalLoans
|
0 | usd |
CY2023Q4 | CIK0002002038 |
Working Capital Loans
WorkingCapitalLoans
|
0 | usd |
CIK0002002038 |
Deferred Underwriting Commission
DeferredUnderwritingCommission
|
7043750 | usd | |
us-gaap |
Payments For Underwriting Expense
PaymentsForUnderwritingExpense
|
1509375 | usd | |
CY2024Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
CY2023Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
CY2024Q3 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2023Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2024Q3 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2024Q3 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2023Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2023Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2024Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
200000000 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
200000000 | shares |
CY2024Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2023Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2024Q3 | CIK0002002038 |
Founder Shares Issued
FounderSharesIssued
|
5031250 | shares |
CY2024Q3 | CIK0002002038 |
Founder Shares Outstanding
FounderSharesOutstanding
|
5031250 | shares |
CY2024Q3 | CIK0002002038 |
Representative Founder Shares Issued
RepresentativeFounderSharesIssued
|
87500 | shares |
CY2024Q3 | CIK0002002038 |
Representative Founder Shares Outstanding
RepresentativeFounderSharesOutstanding
|
87500 | shares |
CY2024Q3 | us-gaap |
Temporary Equity Shares Issued
TemporaryEquitySharesIssued
|
20125000 | shares |
CY2024Q3 | us-gaap |
Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
|
20125000 | shares |
CY2024Q3 | CIK0002002038 |
Representative Founder Shares Issued
RepresentativeFounderSharesIssued
|
87500 | shares |
CIK0002002038 |
Stock Issuedduring Period Value Issued For Representative Shares
StockIssuedduringPeriodValueIssuedForRepresentativeShares
|
500 | shares | |
CIK0002002038 |
Public Warrants Outstanding
PublicWarrantsOutstanding
|
10062500 | shares | |
CIK0002002038 |
Private Warrants Outstanding
PrivateWarrantsOutstanding
|
277813 | shares | |
CY2024Q3 | us-gaap |
Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
|
P30D | |
CY2024Q3 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
11.50 | |
CY2024Q3 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
9.20 | |
CY2024Q3 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
9.20 | |
CY2024Q1 | CIK0002002038 |
Market Price Of Public Stock
MarketPriceOfPublicStock
|
9.935 | |
CY2024Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P3Y3M | |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.04198 | pure |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.0222 | pure |