2023 Q4 Form 10-K Financial Statement
#000121390024019042 Filed on March 01, 2024
Income Statement
Concept | 2023 Q4 | 2023 | 2022 |
---|---|---|---|
Revenue | $0.00 | $0.00 | $0.00 |
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 | $1.013M | $3.098M | $4.074M |
YoY Change | -27.03% | -23.96% | 39.68% |
Operating Profit | -$3.098M | -$4.074M | |
YoY Change | -23.96% | ||
Interest Expense | $3.470M | $3.999M | $13.65M |
YoY Change | 7.43% | -70.71% | 48.5% |
% of Operating Profit | |||
Other Income/Expense, Net | -$1.442M | $3.064M | $14.65M |
YoY Change | -244.25% | -79.09% | 59.61% |
Pretax Income | $1.015M | -$34.73K | $10.58M |
YoY Change | -64.29% | -100.33% | 60.42% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | $1.015M | -$34.73K | $10.58M |
YoY Change | -64.29% | -100.33% | 60.42% |
Net Earnings / Revenue | |||
Basic Earnings Per Share | |||
Diluted Earnings Per Share | $0.09 | $0.00 | $0.27 |
COMMON SHARES | |||
Basic Shares Outstanding | |||
Diluted Shares Outstanding |
Balance Sheet
Concept | 2023 Q4 | 2023 | 2022 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $94.70K | $94.70K | $86.40K |
YoY Change | 9.61% | 9.61% | -19.42% |
Cash & Equivalents | $94.70K | ||
Short-Term Investments | |||
Other Short-Term Assets | $50.85K | $50.85K | $43.63K |
YoY Change | 16.55% | 16.55% | -87.3% |
Inventory | $7.376M | ||
Prepaid Expenses | $50.85K | ||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $145.6K | $145.6K | $130.0K |
YoY Change | 11.94% | 11.94% | -71.16% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $376.7K | ||
YoY Change | |||
Goodwill | $4.797M | ||
YoY Change | 4.82% | ||
Intangibles | $628.5K | ||
YoY Change | |||
Long-Term Investments | $35.56M | $35.56M | $323.9M |
YoY Change | -89.02% | -89.02% | 1.47% |
Other Assets | $0.00 | ||
YoY Change | -100.0% | ||
Total Long-Term Assets | $35.56M | $35.56M | $323.9M |
YoY Change | -89.02% | -89.02% | 1.45% |
TOTAL ASSETS | |||
Total Short-Term Assets | $145.6K | $145.6K | $130.0K |
Total Long-Term Assets | $35.56M | $35.56M | $323.9M |
Total Assets | $35.70M | $35.70M | $324.0M |
YoY Change | -88.98% | -88.98% | 1.35% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $4.587M | $4.587M | $2.641M |
YoY Change | 73.71% | 73.71% | 150.09% |
Accrued Expenses | $4.741M | ||
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $1.250M | $1.250M | $1.000M |
YoY Change | 25.0% | 25.0% | |
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $7.736M | $7.736M | $3.876M |
YoY Change | 99.6% | 99.6% | 231.0% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $1.643M | $1.643M | $11.55M |
YoY Change | -85.77% | -85.77% | -43.72% |
Total Long-Term Liabilities | $1.643M | $1.643M | $11.55M |
YoY Change | -85.77% | -85.77% | -43.72% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $7.736M | $7.736M | $3.876M |
Total Long-Term Liabilities | $1.643M | $1.643M | $11.55M |
Total Liabilities | $9.379M | $9.379M | $15.43M |
YoY Change | -39.2% | -39.2% | -28.89% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$15.33M | ||
YoY Change | 0.23% | ||
Common Stock | $1.964K | ||
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$9.234M | $26.32M | $308.6M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $35.70M | $35.70M | $324.0M |
YoY Change | -88.98% | -88.98% | 1.35% |
Cashflow Statement
Concept | 2023 Q4 | 2023 | 2022 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $1.015M | -$34.73K | $10.58M |
YoY Change | -64.29% | -100.33% | 60.42% |
Depreciation, Depletion And Amortization | |||
YoY Change | |||
Cash From Operating Activities | -$353.0K | -$1.063M | -$1.021M |
YoY Change | 29.57% | 4.1% | -52.26% |
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$45.00K | $293.1M | $0.00 |
YoY Change | -100.0% | ||
Cash From Investing Activities | -$45.00K | $293.1M | $0.00 |
YoY Change | -100.0% | ||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $292.3M | $0.00 | |
YoY Change | -100.0% | ||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 400.0K | -$292.0M | 1.000M |
YoY Change | 60.0% | -29304.36% | -99.69% |
NET CHANGE | |||
Cash From Operating Activities | -353.0K | -$1.063M | -1.021M |
Cash From Investing Activities | -45.00K | $293.1M | 0.000 |
Cash From Financing Activities | 400.0K | -$292.0M | 1.000M |
Net Change In Cash | 1.980K | $8.302K | -20.82K |
YoY Change | -108.82% | -139.87% | -119.42% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$353.0K | -$1.063M | -$1.021M |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2023Q4 | us-gaap |
Preferred Stock Shares Outstanding
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|
shares | |
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Preferred Stock Shares Issued
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shares | |
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Change In Fair Value Of Forward Purchase Agreement
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usd | |
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Issuance Of Forward Purchase Agreement
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usd | |
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Deferred Underwriting Commissions Liabilities Noncurrent
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10-K | |
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true | |
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2023-12-31 | |
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--12-31 | |
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2023 | |
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PLUM ACQUISITION CORP. I | |
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Entity Incorporation State Country Code
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E9 | |
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Entity File Number
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001-40218 | |
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Entity Tax Identification Number
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98-1577353 | |
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2021 Fillmore St. #2089 | |
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Entity Address City Or Town
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San Francisco | |
CY2023 | dei |
Entity Address State Or Province
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CA | |
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94115 | |
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City Area Code
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(415) | |
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683-6773 | |
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No | |
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No | |
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Entity Current Reporting Status
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Yes | |
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James Lynfield | |
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Chief Operating Officer | |
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CY2022 | plmi |
Accretion Of Class A Ordinary Shares Subject To Possible Redemption
AccretionOfClassAOrdinarySharesSubjectToPossibleRedemption
|
4695302 | usd |
CY2023 | us-gaap |
Stock Issued1
StockIssued1
|
1153306 | usd |
CY2023 | us-gaap |
Nature Of Operations
NatureOfOperations
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<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTE 1 — ORGANIZATION AND BUSINESS OPERATIONS</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Plum Acquisition Corp. I (the “Company” or “Plum”) was incorporated as a Cayman Islands exempted company on January 11, 2021. The Company was incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities (the “Business Combination”). The Company will not be limited to a particular industry or geographic region in its identification and acquisition of a target company. The Company is an emerging growth company and, as such, the Company is subject to all of the risks associated with emerging growth companies. As previously reported, on November 27, 2023 The Company executed a Business Combination Agreement with Veea Inc. The Company and Veea are working toward closing their Business Combination.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As of December 31, 2023, the Company had not commenced any operations. All activity for the period from January 11, 2021 (inception) through December 31, 2023 relates to the Company’s formation and the initial public offering (“IPO”), which is described below, and subsequent to the Initial Public Offering, identifying a target company for a business combination. The Company believes it will not generate any operating revenues until after the completion of its initial Business Combination, at the earliest. The Company will generate non-operating income in the form of interest income on investments in the Company’s Trust account and will recognize changes in the fair value of the warrant liabilities as other income (expense).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company’s Sponsor is Plum Partners, LLC, a Delaware limited liability company (the “Sponsor”). The registration statement for the Company’s IPO was declared effective on March 15, 2021 (the “Effective Date”). On March 18, 2021, the Company consummated the initial public offering (the “Public Offering” or “IPO”) of 30,000,000 units (the “Units), at $10.00 per Unit, generating gross proceeds of $300,000,000, which is discussed in Note 3.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Simultaneously with the closing of the IPO, the Company consummated the sale of 6,000,000 warrants (the “Private Placement Warrants”), at a price of $1.50 per Private Placement Warrant, which is discussed in Note 4. Each warrant entitles the holder to purchase one Class A ordinary share at a price of $11.50 per share, generating gross proceeds of $9,000,000, which is described in Note 4.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company granted the underwriter a 45-day option from March 18, 2021 to purchase up to an additional 4,500,000 Units to cover over-allotments, if any, at the IPO price less the underwriting discounts and commissions.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The underwriter partially exercised the over-allotment option on April 14, 2021 and purchased 1,921,634 Units at $10.00 per Unit. Simultaneously with the issuance and sale of the Units on April 14, 2021, the Company consummated the private placement with the Sponsor for an aggregate of 256,218 warrants to purchase Class A Ordinary Shares for $1.50 per warrant generating total proceeds of $384,327. On April 14, 2021, $19,216,340, net of the underwriter discount, was deposited in the Company’s Trust account.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">A total of $19,216,340 was placed in a U.S.-based trust account maintained by Continental Stock Transfer & Trust Company, acting as trustee. Transaction costs of the IPO and the exercise of the over-allotment option amounted to $18,336,269 consisting of $6,384,327 of underwriting discount, $11,172,572 of deferred underwriting discount, and $779,370 of other offering costs. Of the transaction costs, $538,777 is included in transaction costs on consolidated the statements of operations and $17,797,492 is included in consolidated statements of changes in shareholders’ deficit.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 8pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif">Following the closing of the Public Offering on March 18, 2021 and the partial exercise of the underwriter’s over-allotment option, $319,216,340 (approximately $10.00 per Unit) from the net proceeds of the sale of the Units in the Public Offering, including the proceeds from the sale of the Private Placement Warrants, was deposited in a trust account (“Trust Account”) located in the United States at Goldman Sachs, with Continental Stock Transfer & Trust Company acting as trustee, and was invested in money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act which invests only in direct U.S. government treasury obligations. Except with respect to interest earned on the funds held in the Trust Account that may be released to the Company to pay its taxes, if any, the proceeds from the IPO and the sale of the Private Placement Warrants will not be released from the Trust Account (1) to the Company, until the completion of our initial Business Combination, or (2) to the Public Shareholders, until the earliest of (i) the completion of the initial Business Combination, and then only in connection with those Class A ordinary shares that such shareholders properly elected to redeem, subject to the limitations described herein, (ii) the redemption of any public shares properly tendered in connection with a shareholder vote to amend the Company’s amended and restated memorandum and articles of association (A) to modify the substance or timing of the Company’s obligation to provide holders of its Class A ordinary shares the right to have their shares redeemed in connection with the initial Business Combination or to redeem 100% of the public shares if the Company does not complete its initial Business Combination within the combination period or (B) with respect to any other provision relating to the rights of holders of the Class A ordinary shares, and (iii) the redemption of the public shares if the Company has not consummated its Business Combination within the Combination Period, subject to applicable law. Public Shareholders who redeem their Class A ordinary shares in connection with a shareholder vote described in clause (ii) in the preceding sentence shall not be entitled to funds from the Trust Account upon the subsequent completion of an initial Business Combination or liquidation if the Company has not consummated an initial Business Combination within the Combination Period, with respect to such Class A ordinary shares so redeemed. The proceeds deposited in the Trust Account could become subject to the claims of the Company’s creditors, if any, which could have priority over the claims of the Public Shareholders (as defined below).</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"></p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company will provide shareholders (the “Public Shareholders”) of its Class A ordinary shares, par value $0.0001, sold in the IPO (the “Public Shares”), 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) without a shareholder vote 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 all or a portion of their Public Shares upon the completion of the initial Business Combination at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account calculated as of two business days prior to the consummation of the initial Business Combination, including interest earned on the funds held in the Trust Account and not previously released to the Company to pay the Company’s taxes, if any, divided by the number of then-outstanding Public Shares, subject to certain limitations. The amount in the Trust Account is initially anticipated to be $10.00 per Public Share.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">These Public Shares have been classified as temporary equity upon the completion of the IPO in accordance with the Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification (“ASC”) Topic 480 “Distinguishing Liabilities from Equity.” In such case, the Company will proceed with a Business Combination if the Company receives the approval of an ordinary resolution.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif">The Company will have until June 18, 2024, to complete an initial Business Combination. However, if the Company is unable to complete a Business Combination within the Combination Period, the Company will (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than <span style="-sec-ix-hidden: hidden-fact-69">ten</span> 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 interest earned on the funds held in the Trust Account and not previously released to the Company to pay its taxes, if any (less up to $100,000 of interest to pay dissolution expenses), divided by the number of the then-outstanding public shares, which redemption will completely extinguish Public Shareholders’ rights as shareholders (including the right to receive further liquidating distributions, if any), and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the Company’s remaining shareholders and its board of directors, liquidate and dissolve, 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.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i> </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Extraordinary General Meeting and Redemption of Shares</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On March 15, 2023, Plum held an Extraordinary General Meeting of its Shareholders (1) to amend Plum’s amended and restated memorandum and articles of association (the “Articles”) to extend the date (the “Termination Date”) by which Plum has to consummate a business combination (the “Articles Extension”) from March 18, 2023 (the “Original Termination Date”) to June 18, 2023 (the “Articles Extension Date”) and to allow Plum, without another shareholder vote, to elect to extend the Termination Date to consummate a business combination on a monthly basis for up to nine times by an additional one month each time after the Articles Extension Date, by resolution of Plum’s board of directors if requested by the Sponsor, and upon five days’ advance notice prior to the applicable Termination Date, until March 18, 2024, or a total of up to twelve months after the Articles Extension Date, unless the closing of Plum’s initial business combination shall have occurred prior to such date (the “Extension Amendment Proposal”) and (2) to amend the Articles to eliminate from the Articles the limitation that Plum may not redeem Class A ordinary shares to the extent that such redemption would result in Plum having net tangible assets (as determined in accordance with Rule 3a 51-1(g)(1)of the Securities Exchange Act of 1934, as amended) of less than $5,000,001 (the “Redemption Limitation”) in order to allow Plum to redeem Public Shares irrespective of whether such redemption would exceed the Redemption Limitation (the “Redemption Limitation Amendment Proposal”). The shareholders of Plum approved the Extension Amendment Proposal and the Redemption Limitation Amendment Proposal at the Shareholder Meeting and on March 15, 2023, Plum filed the amendment to the Articles with the Registrar of Companies of the Cayman Islands.</span></p> <p style="text-align: left; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In connection with the vote to approve the Extension Amendment Proposal, the holders of 26,693,416 Class A ordinary shares properly exercised their right to redeem their shares for cash at a redemption price of $10.23 per share, for an aggregate redemption amount of $273,112,311.62.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Sponsor, officers and directors have agreed to (i) waive their redemption rights with respect to their Founder Shares, (ii) waive their redemption rights with respect to their Founder Shares and public shares in connection with a shareholder vote to approve an amendment to the Company’s amended and restated memorandum and articles of association (A) that would modify the substance or timing of the Company’s obligation to provide holders of the Class A ordinary shares the right to have their shares redeemed in connection with the initial Business Combination or to redeem 100% of its public shares if the Company does not complete our initial Business Combination within the Combination Period or (B) with respect to any other provision relating to the rights of holders of the Class A ordinary shares, (iii) waive their rights to liquidating distributions from the Trust Account with respect to any Founder Shares they hold if the Company fails to consummate an initial Business Combination within the Combination Period (although they will be entitled to liquidating distributions from the Trust Account with respect to any public shares they hold if the Company fails to complete its initial Business Combination within the prescribed time frame) and (iv) vote their Founder Shares and public shares in favor of our initial Business Combination.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On September 13, 2023, Plum held an Extraordinary General Meeting of its Shareholders (“September Shareholder Meeting”) (1) to amend the Articles to extend Articles Extension Termination Date from the Articles Extension Date to December 18, 2023 (the “Second Articles Extension Date”) and to allow the Company, without another shareholder vote, to elect to extend the Termination Date to consummate a business combination on a monthly basis for up to six times by an additional one month each time after the Second Articles Extension Date, by resolution of the Company’s board of directors if requested by the Sponsor, and upon five days’ advance notice prior to the applicable Termination Date, until June 18, 2024, or a total of up to nine months after the Termination Date, unless the closing of the Company’s initial business combination shall have occurred prior to such date (the “Second Extension Amendment Proposal”) and (2) to authorize a reduction in the funds held in the Trust Account to an amount equal to $20,000,000.00 (the “Trust Reduction”), which amount will be used to compulsorily redeem up to 3,228,218 Public Shares at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account as of two business days prior to the redemption date, including interest (which interest shall be net of taxes payable), divided by the number of then-outstanding public shares (“Trust Reduction Proposal”). The shareholders of the Company approved the Second Extension Amendment Proposal and the Trust Reduction Proposal at the Shareholder Meeting and on September 13, 2023, the Company filed the amendment to the Articles with the Registrar of Companies of the Cayman Islands.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In connection with the vote to approve the Second Extension Amendment Proposal, (i) the Sponsor, as the sole holder of Class B Ordinary Shares, voluntarily elected to convert all Class B Ordinary Shares to Class A Ordinary Shares on a one-for-one basis in accordance with the Memorandum and Articles of Association (the “Class B Conversion”) and (ii) the holders of 1,972,625 Class A ordinary shares properly exercised their right to redeem their shares for cash at a redemption price of $10.72 per share, for an aggregate redemption amount of $21,142,260.78 (the “Redemption”). Upon completion of the Class B Conversion and the Redemption, 7,980,409 shares of Class A common stock, excluding 3,255,593 shares of Class A Ordinary Shares subject to possible redemption, and no shares of Class B common stock remain issued and outstanding.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As approved by its stockholders at the extraordinary general meeting (the “EGM”), the “Company filed an Amended and Restated Memorandum and Articles of Association (the “A&R Charter”) on October 25, 2023, which (i) extended the date by which the Company has to consummate a business combination to December 18, 2023 and (ii) allowed the Company, without another shareholder vote, to elect to extend the Termination Date (as defined in the Proxy Statement) to consummate a business combination on a monthly basis for up to six times by an additional one month each time after December 18, 2023 (or such shorter period as necessary to comply with applicable listing requirements), by resolution of the Company’s board of directors, if requested by Plum Partners, LLC, and upon five days advance notice prior to the applicable termination date, until June 18, 2024, or a total of up to nine months after September 18, 2023, unless the closing of a business combination shall have occurred prior thereto.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">An aggregate of 1,972,625 Class A ordinary shares of the Company were tendered for redemption in connection with the shareholders’ vote at the EGM.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i> </i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Liquidity, Capital Resources, and Going Concern</i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company’s liquidity needs up to March 18, 2021 had been satisfied through a capital contribution from the Sponsor of $25,000 (see Note 5) for the Founder Shares. In addition, in order to finance transaction costs in connection with a Business Combination, the Company’s Sponsor or an affiliate of the Sponsor or certain of the Company’s officers and directors, and third parties have committed to provide the Company Working Capital Loans (see Note 5). As of December 31, 2023 and 2022, the Company had $1,000,000 outstanding under Working Capital Loans.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As of December 31, 2023, the Company had $94,703 in its operating bank account and a working capital deficit $7,590,471.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In connection with the Company’s assessment of going concern considerations in accordance with FASB ASC 205-40, Presentation of Financial Statements—Going Concern”, management has determined that the Company has and will continue to incur significant costs in pursuit of its acquisition plans which raises substantial doubt about the Company’s ability to continue as a going concern. Moreover, we may need to obtain additional financing either to complete our initial Business Combination or because we become obligated to redeem a significant number of our Public Shares upon consummation of our initial Business Combination, in which case we may issue additional securities or incur debt in connection with such Business Combination. Subject to compliance with applicable securities laws, we would only complete such financing simultaneously with the completion of our initial Business Combination. If we are unable to complete our initial Business Combination because we do not have sufficient funds available to us, we will be forced to cease operations and liquidate the Trust Accounts. In addition, following our initial Business Combination, if cash on hand is insufficient, we may need to obtain additional financing in order to meet our obligations.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif">Further, management has determined that if the Company is unable to complete a Business Combination by by June 18, 2024 (the “Combination Period”), then the Company will cease all operations except for the purpose of liquidating. The date for mandatory liquidation and subsequent dissolution as well as the Company’s working capital deficit raise substantial doubt about the Company’s ability to continue as a going concern. No adjustments have been made to the carrying amounts of assets or liabilities should the Company be required to liquidate after the Combination Period. The Company intends to complete a Business Combination before the mandatory liquidation date.</span></p> | |
CY2023 | plmi |
Condition For Future Business Combination Number Of Businesses Minimum
ConditionForFutureBusinessCombinationNumberOfBusinessesMinimum
|
1 | pure |
CY2023 | us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
19216340 | usd |
CY2023 | plmi |
Transaction Costs
TransactionCosts
|
18336269 | usd |
CY2023 | plmi |
Sale Of Stock Underwriting Fees
SaleOfStockUnderwritingFees
|
6384327 | usd |
CY2023 | plmi |
Sale Of Stock Other Offering Costs
SaleOfStockOtherOfferingCosts
|
779370 | usd |
CY2023 | plmi |
Stock Issuance Costs
StockIssuanceCosts
|
538777 | usd |
CY2023 | plmi |
Transaction Costs For Sale Of Stock
TransactionCostsForSaleOfStock
|
17797492 | usd |
CY2023Q3 | plmi |
Interest To Pay Dissolution Expenses
InterestToPayDissolutionExpenses
|
100000 | usd |
CY2023 | plmi |
Minimum Net Tangible Assets Upon Consummation Of Business Combination
MinimumNetTangibleAssetsUponConsummationOfBusinessCombination
|
5000001 | usd |
CY2023Q4 | us-gaap |
Temporary Equity Aggregate Amount Of Redemption Requirement
TemporaryEquityAggregateAmountOfRedemptionRequirement
|
273112311.62 | usd |
CY2023Q3 | us-gaap |
Stock Redeemed Or Called During Period Shares
StockRedeemedOrCalledDuringPeriodShares
|
3228218 | shares |
CY2023 | us-gaap |
Stock Redeemed Or Called During Period Shares
StockRedeemedOrCalledDuringPeriodShares
|
1972625 | shares |
CY2023 | plmi |
Working Capital Loans
WorkingCapitalLoans
|
1000000 | usd |
CY2022 | plmi |
Working Capital Loans
WorkingCapitalLoans
|
1000000 | usd |
CY2023Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
94703 | usd |
CY2023Q3 | us-gaap |
Assets
Assets
|
35216939 | usd |
CY2023Q3 | plmi |
Subscription Liability Net Of Debt Discount
SubscriptionLiabilityNetOfDebtDiscount
|
1060112 | usd |
CY2023Q3 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
6545772 | usd |
CY2023Q3 | us-gaap |
Liabilities
Liabilities
|
7304205 | usd |
CY2023Q3 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
6319277 | usd |
CY2023Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-13504009 | usd |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-7183933 | usd |
CY2023Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
35216939 | usd |
CY2023Q2 | us-gaap |
Assets
Assets
|
55228382 | usd |
CY2023Q2 | plmi |
Subscription Liability Net Of Debt Discount
SubscriptionLiabilityNetOfDebtDiscount
|
467274 | usd |
CY2023Q2 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
5903054 | usd |
CY2023Q2 | us-gaap |
Liabilities
Liabilities
|
6326512 | usd |
CY2023Q2 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
6912413 | usd |
CY2023Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-13165959 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-6252747 | usd |
CY2023Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
55228382 | usd |
CY2023Q1 | plmi |
Subscription Liability Net Of Debt Discount
SubscriptionLiabilityNetOfDebtDiscount
|
251880 | usd |
CY2023Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
5984882 | usd |
CY2023Q1 | us-gaap |
Liabilities
Liabilities
|
8386585 | usd |
CY2023Q1 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
7531767 | usd |
CY2023Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-15718359 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-8185793 | usd |
CY2023Q3 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
279013 | usd |
CY2023Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
15322 | usd |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-338050 | usd |
us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
413944 | usd | |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
3879911 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
1794302 | usd | |
CY2023Q2 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
106416 | usd |
CY2023Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
3131354 | usd |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
2552400 | usd |
us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
134931 | usd | |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
3864589 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
2132353 | usd | |
CY2023Q1 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
28515 | usd |
CY2023Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
733235 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-420047 | usd |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-338050 | usd |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-7183933 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
2552400 | usd | |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-6252747 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-420047 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-8185793 | usd |
us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
413944 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
1794302 | usd | |
us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
914776 | usd | |
us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
134931 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
2132353 | usd | |
us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
423600 | usd | |
CY2023Q1 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
28515 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-420047 | usd |
CY2023Q1 | us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
256635 | usd |
CY2023Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
92722 | usd |
CY2023Q3 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
27550 | usd |
CY2023Q3 | us-gaap |
Assets Current
AssetsCurrent
|
120272 | usd |
CY2023Q3 | us-gaap |
Assets Held In Trust Current
AssetsHeldInTrustCurrent
|
35096667 | usd |
CY2023Q3 | us-gaap |
Assets
Assets
|
35216939 | usd |
CY2023Q3 | us-gaap |
Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
|
3976694 | usd |
CY2023Q3 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
258966 | usd |
CY2023Q3 | us-gaap |
Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
|
1000000 | usd |
CY2023Q3 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
250000 | usd |
CY2023Q3 | plmi |
Subscription Liability Net Of Debt Discount
SubscriptionLiabilityNetOfDebtDiscount
|
1060112 | usd |
CY2023Q3 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
6545772 | usd |
CY2023Q3 | us-gaap |
Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
|
758433 | usd |
CY2023Q3 | us-gaap |
Liabilities
Liabilities
|
7304205 | usd |
CY2023Q3 | us-gaap |
Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
|
35096667 | usd |
CY2023Q3 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2023Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
CY2023Q3 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
6319277 | usd |
CY2023Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-13504009 | usd |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-7183933 | usd |
CY2023Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
35216939 | usd |
CY2023Q3 | us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
353372 | usd |
CY2023Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-353372 | usd |
CY2023Q3 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
334975 | usd |
CY2023Q3 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
279013 | usd |
CY2023Q3 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
629310 | usd |
CY2023Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
15322 | usd |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-338050 | usd |
us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
2085609 | usd | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-2085609 | usd | |
us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
379216 | usd | |
plmi |
Change In Fair Value Of Forward Purchase Agreement
ChangeInFairValueOfForwardPurchaseAgreement
|
-308114 | usd | |
plmi |
Issuance Of Forward Purchase Agreement
IssuanceOfForwardPurchaseAgreement
|
-308114 | usd | |
plmi |
Reduction Of Deferred Underwriter Fee Payable
ReductionOfDeferredUnderwriterFeePayable
|
328474 | usd | |
us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
413944 | usd | |
us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
4344597 | usd | |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
3879911 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
1794302 | usd | |
CY2023Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
20880 | usd |
CY2023Q2 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
52885 | usd |
CY2023Q2 | us-gaap |
Assets Current
AssetsCurrent
|
73765 | usd |
CY2023Q2 | us-gaap |
Assets Held In Trust Current
AssetsHeldInTrustCurrent
|
55154617 | usd |
CY2023Q2 | us-gaap |
Assets
Assets
|
55228382 | usd |
CY2023Q2 | us-gaap |
Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
|
3853954 | usd |
CY2023Q2 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
331826 | usd |
CY2023Q2 | us-gaap |
Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
|
1000000 | usd |
CY2023Q2 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
250000 | usd |
CY2023Q2 | plmi |
Subscription Liability Net Of Debt Discount
SubscriptionLiabilityNetOfDebtDiscount
|
467274 | usd |
CY2023Q2 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
5903054 | usd |
CY2023Q2 | us-gaap |
Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
|
423458 | usd |
CY2023Q2 | us-gaap |
Liabilities
Liabilities
|
6326512 | usd |
CY2023Q2 | us-gaap |
Temporary Equity Redemption Price Per Share
TemporaryEquityRedemptionPricePerShare
|
10.15 | |
CY2023Q2 | us-gaap |
Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
|
55154617 | usd |
CY2023Q2 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2023Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
CY2023Q2 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
6912413 | usd |
CY2023Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-13165959 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-6252747 | usd |
CY2023Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
55228382 | usd |
CY2023Q2 | us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
578954 | usd |
CY2023Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-578954 | usd |
CY2023Q2 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-1978245 | usd |
CY2023Q2 | plmi |
Change In Fair Value Of Forward Purchase Agreement
ChangeInFairValueOfForwardPurchaseAgreement
|
-633205 | usd |
CY2023Q2 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
106416 | usd |
CY2023Q2 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
626320 | usd |
CY2023Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
3131354 | usd |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
2552400 | usd |
us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
1732236 | usd | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-1732236 | usd | |
us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
44241 | usd | |
plmi |
Change In Fair Value Of Forward Purchase Agreement
ChangeInFairValueOfForwardPurchaseAgreement
|
-308114 | usd | |
plmi |
Issuance Of Forward Purchase Agreement
IssuanceOfForwardPurchaseAgreement
|
-308114 | usd | |
plmi |
Reduction Of Deferred Underwriter Fee Payable
ReductionOfDeferredUnderwriterFeePayable
|
328474 | usd | |
us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
134931 | usd | |
us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
3715287 | usd | |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
3864589 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
2132353 | usd | |
CY2023Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
97811 | usd |
CY2023Q1 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
102980 | usd |
CY2023Q1 | us-gaap |
Assets Current
AssetsCurrent
|
200791 | usd |
CY2023Q1 | us-gaap |
Assets Held In Trust Current
AssetsHeldInTrustCurrent
|
54368297 | usd |
CY2023Q1 | us-gaap |
Assets
Assets
|
54569088 | usd |
CY2023Q1 | us-gaap |
Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
|
3584797 | usd |
CY2023Q1 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
265000 | usd |
CY2023Q1 | us-gaap |
Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
|
1000000 | usd |
CY2023Q1 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
250000 | usd |
CY2023Q1 | plmi |
Subscription Liability Net Of Debt Discount
SubscriptionLiabilityNetOfDebtDiscount
|
251880 | usd |
CY2023Q1 | plmi |
Forward Purchase Agreement Liability
ForwardPurchaseAgreementLiability
|
633205 | usd |
CY2023Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
5984882 | usd |
CY2023Q1 | us-gaap |
Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
|
2401703 | usd |
CY2023Q1 | us-gaap |
Liabilities
Liabilities
|
8386585 | usd |
CY2023Q1 | us-gaap |
Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
|
54368296 | usd |
CY2023Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2023Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
CY2023Q1 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
7531767 | usd |
CY2023Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-15718359 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-8185793 | usd |
CY2023Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
54569088 | usd |
CY2023Q1 | us-gaap |
Operating Costs And Expenses
OperatingCostsAndExpenses
|
1153282 | usd |
CY2023Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-1153282 | usd |
CY2023Q1 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
2022486 | usd |
CY2023Q1 | plmi |
Change In Fair Value Of Forward Purchase Agreement
ChangeInFairValueOfForwardPurchaseAgreement
|
325091 | usd |
CY2023Q1 | plmi |
Issuance Of Forward Purchase Agreement
IssuanceOfForwardPurchaseAgreement
|
-308114 | usd |
CY2023Q1 | plmi |
Reduction Of Deferred Underwriter Fee Payable
ReductionOfDeferredUnderwriterFeePayable
|
328474 | usd |
CY2023Q1 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
28515 | usd |
CY2023Q1 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
3088967 | usd |
CY2023Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
733235 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-420047 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-15297513 | usd |
CY2023Q1 | us-gaap |
Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
|
10844098 | usd |
CY2023Q1 | us-gaap |
Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
|
-3568966 | usd |
CY2023Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
256635 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-420047 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-8185793 | usd |
CY2023Q2 | us-gaap |
Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
|
-786320 | usd |
CY2023Q2 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
166966 | usd |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
2552400 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-6252747 | usd |
CY2023Q3 | us-gaap |
Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
|
-1084311 | usd |
CY2023Q3 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
491175 | usd |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-338050 | usd |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-7183933 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
1794302 | usd | |
us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
4344597 | usd | |
us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
379216 | usd | |
plmi |
Reduction Of Deferred Underwriter Fee Payable
ReductionOfDeferredUnderwriterFeePayable
|
328474 | usd | |
plmi |
Issuance Of Forward Purchase Agreement
IssuanceOfForwardPurchaseAgreement
|
-308114 | usd | |
plmi |
Change In Fair Value Of Forward Purchase Agreement
ChangeInFairValueOfForwardPurchaseAgreement
|
-308114 | usd | |
us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
413944 | usd | |
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
-16081 | usd | |
us-gaap |
Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
|
-23966 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
1335939 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-709623 | usd | |
plmi |
Payments For Investment Of Cash In Trust Account
PaymentsForInvestmentOfCashInTrustAccount
|
1095000 | usd | |
plmi |
Proceeds From Cash Withdraw Trust Account For Redemptions
ProceedsFromCashWithdrawTrustAccountForRedemptions
|
294254572 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
293159572 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
1560944 | usd | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
294254572 | usd | |
us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
250000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-292443628 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
6321 | usd | |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
86401 | usd |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
92722 | usd |
us-gaap |
Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
|
-5439596 | usd | |
us-gaap |
Stock Issued1
StockIssued1
|
914776 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
2132353 | usd | |
us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
3715287 | usd | |
us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
44241 | usd | |
plmi |
Reduction Of Deferred Underwriter Fee Payable
ReductionOfDeferredUnderwriterFeePayable
|
328474 | usd | |
plmi |
Issuance Of Forward Purchase Agreement
IssuanceOfForwardPurchaseAgreement
|
-308114 | usd | |
plmi |
Change In Fair Value Of Forward Purchase Agreement
ChangeInFairValueOfForwardPurchaseAgreement
|
-308114 | usd | |
us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
134931 | usd | |
us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
9254 | usd | |
us-gaap |
Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
|
-96826 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
1213199 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-431465 | usd | |
plmi |
Payments For Investment Of Cash In Trust Account
PaymentsForInvestmentOfCashInTrustAccount
|
640000 | usd | |
plmi |
Proceeds From Cash Withdraw Trust Account For Redemptions
ProceedsFromCashWithdrawTrustAccountForRedemptions
|
273112312 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
272472312 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
755944 | usd | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
273112312 | usd | |
us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
250000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-272106368 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-65521 | usd | |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
86401 | usd |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
20880 | usd |
us-gaap |
Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
|
-4355287 | usd | |
us-gaap |
Stock Issued1
StockIssued1
|
423601 | usd | |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-420047 | usd |
CY2023Q1 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
3088967 | usd |
CY2023Q1 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
2022486 | usd |
CY2023Q1 | plmi |
Reduction Of Deferred Underwriter Fee Payable
ReductionOfDeferredUnderwriterFeePayable
|
328474 | usd |
CY2023Q1 | plmi |
Issuance Of Forward Purchase Agreement
IssuanceOfForwardPurchaseAgreement
|
-308114 | usd |
CY2023Q1 | plmi |
Change In Fair Value Of Forward Purchase Agreement
ChangeInFairValueOfForwardPurchaseAgreement
|
325091 | usd |
CY2023Q1 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
28515 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
59349 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
|
-30000 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
944041 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-238590 | usd |
CY2023Q1 | plmi |
Payments For Investment Of Cash In Trust Account
PaymentsForInvestmentOfCashInTrustAccount
|
480000 | usd |
CY2023Q1 | plmi |
Proceeds From Cash Withdraw Trust Account For Redemptions
ProceedsFromCashWithdrawTrustAccountForRedemptions
|
273112312 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
272632312 | usd |
CY2023Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
480000 | usd |
CY2023Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
273112312 | usd |
CY2023Q1 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
250000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-272382312 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
11410 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
86401 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
97811 | usd |
CY2023Q1 | us-gaap |
Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
|
-3568966 | usd |
CY2023Q1 | us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
256635 | usd |
CY2023 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Use of Estimates</i></b></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of the consolidated 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 financial statements and the reported amounts of expenses during the reporting period.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">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 financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. One of the more significant accounting estimates included in these consolidated financial statements is the determination of the fair value of the subscription and forward purchase agreements and warrants liabilities. Such estimates may be subject to change as more current information becomes available and accordingly, the actual results could differ significantly from those estimates.</span></p> | |
CY2023Q4 | us-gaap |
Assets Held In Trust Noncurrent
AssetsHeldInTrustNoncurrent
|
35555976 | usd |
CY2022Q4 | us-gaap |
Assets Held In Trust Noncurrent
AssetsHeldInTrustNoncurrent
|
323911642 | usd |
CY2023 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="text-align: left; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Concentration of Credit Risk</i></b></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in a financial institution, which, at times, may exceed the federal depository insurance coverage of $250,000. The Company has not experienced losses on these accounts and management believes the Company is not exposed to significant risks on such accounts.</span></p> | |
CY2023Q4 | us-gaap |
Cash Fdic Insured Amount
CashFDICInsuredAmount
|
250000 | usd |
CY2023Q4 | us-gaap |
Derivative Credit Risk Valuation Adjustment Derivative Liabilities
DerivativeCreditRiskValuationAdjustmentDerivativeLiabilities
|
2500000 | usd |
CY2023 | plmi |
Price Threshold Of Newly Issued Stock To Cause Adjustment Of Exercise Warrant Price
PriceThresholdOfNewlyIssuedStockToCauseAdjustmentOfExerciseWarrantPrice
|
9.2 | |
CY2023 | plmi |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1 Percentage
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1Percentage
|
1.80 | pure |
CY2023Q4 | us-gaap |
Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
|
340000 | usd |
CY2023Q4 | us-gaap |
Excess Stock Shares Issued
ExcessStockSharesIssued
|
71956 | shares |
CY2023Q4 | us-gaap |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
12.5 | |
CY2023Q4 | us-gaap |
Common Stock Shares Subscriptions
CommonStockSharesSubscriptions
|
15 | usd |
CY2023Q4 | us-gaap |
Other Commitment
OtherCommitment
|
750000 | usd |
CY2023Q4 | us-gaap |
Shares Issued
SharesIssued
|
74695 | shares |
CY2023Q4 | plmi |
Subscription Share Per Share
SubscriptionSharePerShare
|
12.5 | |
CY2023Q4 | us-gaap |
Sponsor Fees
SponsorFees
|
800000 | usd |
CY2023Q4 | plmi |
Investor Paid To Sponsor
InvestorPaidToSponsor
|
249975 | usd |
CY2023Q4 | plmi |
Investor Paid To Sponsor
InvestorPaidToSponsor
|
250000 | usd |
CY2023 | plmi |
Working Capitalfor Sponsor
WorkingCapitalforSponsor
|
2359975 | usd |
CY2023Q4 | us-gaap |
Shares Issued
SharesIssued
|
1341140 | shares |
CY2022 | us-gaap |
Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
|
120000 | usd |
CY2023 | plmi |
Number Of Days After The Closing Of The Initial Business Combination To File With The Sec
NumberOfDaysAfterTheClosingOfTheInitialBusinessCombinationToFileWithTheSec
|
P20D | |
CY2023 | plmi |
Number Of Days After The Closing Of The Initial Business Combination For Registration Statement To Be Effective
NumberOfDaysAfterTheClosingOfTheInitialBusinessCombinationForRegistrationStatementToBeEffective
|
P60D | |
CY2023 | plmi |
Effective Day For Registration Statement To Be Effective
EffectiveDayForRegistrationStatementToBeEffective
|
P60D | |
CY2023 | us-gaap |
Class Of Warrant Or Right Reason For Issuing To Nonemployees
ClassOfWarrantOrRightReasonForIssuingToNonemployees
|
(A) the quotient obtained by dividing (x) the product of the number of Class A ordinary shares underlying the warrants, multiplied by the excess of the “fair market value” (as defined below) less the exercise price of the warrants by (y) the fair market value and (B) 0.361. The “fair market value” as used in this paragraph shall mean the volume weighted average price of the Class A ordinary shares for the 10 trading days ending on the trading day prior to the date on which the notice of exercise is received by the warrant agent. | |
CY2023 | plmi |
Effective Days Of Lock Up Period
EffectiveDaysOfLockUpPeriod
|
P30D | |
CY2023Q4 | plmi |
Deferred Underwriting Commissions Payable
DeferredUnderwritingCommissionsPayable
|
11172572 | usd |
CY2023Q1 | plmi |
Deferred Underwriting Discount
DeferredUnderwritingDiscount
|
11172572 | usd |
CY2023Q4 | plmi |
Maximum Threshold Reimbursement Of Attorney Fees By Sponsor
MaximumThresholdReimbursementOfAttorneyFeesBySponsor
|
5000 | usd |
CY2023 | plmi |
Final Amount Of Sponsor Capital
FinalAmountOfSponsorCapital
|
160000 | usd |
CY2023Q3 | us-gaap |
Common Stock Shares Subscriptions
CommonStockSharesSubscriptions
|
1090000 | usd |
CY2023Q3 | us-gaap |
Members Capital
MembersCapital
|
750000 | usd |
CY2023 | plmi |
Business Combination Event Description Of Shares Allotment Criteria To Investors
BusinessCombinationEventDescriptionOfSharesAllotmentCriteriaToInvestors
|
1 Class A ordinary share for each $10 of the Capital Calls | |
CY2023Q3 | us-gaap |
Withdrawal From Contract Holders Funds
WithdrawalFromContractHoldersFunds
|
750000 | usd |
CY2023Q4 | plmi |
Investor Paid To Sponsor
InvestorPaidToSponsor
|
249975 | usd |
CY2023Q4 | plmi |
Investor Paid To Sponsor
InvestorPaidToSponsor
|
250000 | usd |
CY2023 | plmi |
Working Capitalfor Sponsor
WorkingCapitalforSponsor
|
2359975 | usd |
CY2023Q4 | us-gaap |
Shares Issued
SharesIssued
|
1341140 | shares |
CY2023Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
CY2022Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1000000 | shares |
CY2023Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2022Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2023Q4 | us-gaap |
Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
|
3255593 | shares |
CY2022Q4 | us-gaap |
Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
|
31921634 | shares |
CY2023 | plmi |
Founder Shares Forfeited Shares
FounderSharesForfeitedShares
|
644591 | shares |
CY2023 | us-gaap |
Common Stock Voting Rights
CommonStockVotingRights
|
Holders of the Class A ordinary shares and holders of the Class B ordinary shares will vote together as a single class on all matters submitted to a vote of the Company’s shareholders, except as required by law. | |
CY2023 | us-gaap |
Common Stock Conversion Basis
CommonStockConversionBasis
|
one-to-one | |
CY2022Q4 | plmi |
Subscription Liability Current
SubscriptionLiabilityCurrent
|
usd | |
CY2023Q4 | plmi |
Deferred Underwriting Commissions Liabilities Noncurrent
DeferredUnderwritingCommissionsLiabilitiesNoncurrent
|
usd | |
CY2023Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2023Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
usd | |
CY2022Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
usd | |
us-gaap |
Liabilities Fair Value Adjustment
LiabilitiesFairValueAdjustment
|
usd | ||
CY2022 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
usd | |
CY2023 | us-gaap |
Gain Loss On Contract Termination
GainLossOnContractTermination
|
usd | |
CY2023 | us-gaap |
Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
|
usd | |
CY2022 | plmi |
Reduction Of Deferred Underwriter Fee Payable
ReductionOfDeferredUnderwriterFeePayable
|
usd | |
CY2022 | plmi |
Issuance Of Forward Purchase Agreement
IssuanceOfForwardPurchaseAgreement
|
usd | |
CY2022 | plmi |
Change In Fair Value Of Forward Purchase Agreement
ChangeInFairValueOfForwardPurchaseAgreement
|
usd | |
CY2022 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
usd | |
CY2022 | plmi |
Payments For Investment Of Cash In Trust Account
PaymentsForInvestmentOfCashInTrustAccount
|
usd | |
CY2022 | plmi |
Proceeds From Cash Withdraw Trust Account For Redemptions
ProceedsFromCashWithdrawTrustAccountForRedemptions
|
usd | |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
usd | |
CY2022 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
usd | |
CY2022 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
usd | |
CY2022 | us-gaap |
Stock Issued1
StockIssued1
|
usd | |
CY2023Q3 | plmi |
Redeemable Period Of Public Share
RedeemablePeriodOfPublicShare
|
P10D | |
CY2023Q3 | us-gaap |
Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
|
usd | |
CY2023Q3 | plmi |
Subscription Liability Current
SubscriptionLiabilityCurrent
|
usd | |
CY2023Q2 | us-gaap |
Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
|
usd | |
CY2023Q2 | plmi |
Subscription Liability Current
SubscriptionLiabilityCurrent
|
usd | |
CY2023Q1 | plmi |
Subscription Liability Current
SubscriptionLiabilityCurrent
|
usd | |
CY2023Q3 | us-gaap |
Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
|
usd | |
CY2023Q3 | plmi |
Subscription Liability Current
SubscriptionLiabilityCurrent
|
usd | |
CY2023Q3 | plmi |
Deferred Underwriting Commissions Liabilities Noncurrent
DeferredUnderwritingCommissionsLiabilitiesNoncurrent
|
usd | |
CY2023Q3 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
usd | |
CY2023Q3 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
shares | |
CY2023Q3 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
shares | |
CY2023Q2 | us-gaap |
Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
|
usd | |
CY2023Q2 | plmi |
Subscription Liability Current
SubscriptionLiabilityCurrent
|
usd | |
CY2023Q2 | plmi |
Deferred Underwriting Commissions Liabilities Noncurrent
DeferredUnderwritingCommissionsLiabilitiesNoncurrent
|
usd | |
CY2023Q2 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
usd | |
CY2023Q2 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
shares | |
CY2023Q2 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
shares | |
CY2023Q1 | plmi |
Subscription Liability Current
SubscriptionLiabilityCurrent
|
usd | |
CY2023Q1 | plmi |
Deferred Underwriting Commissions Liabilities Noncurrent
DeferredUnderwritingCommissionsLiabilitiesNoncurrent
|
usd | |
CY2023Q1 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
usd | |
CY2023Q1 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
shares | |
CY2023Q1 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
shares | |
CY2023Q3 | plmi |
Change In Fair Value Of Subscription Purchase Agreement
ChangeInFairValueOfSubscriptionPurchaseAgreement
|
usd | |
plmi |
Change In Fair Value Of Subscription Purchase Agreement
ChangeInFairValueOfSubscriptionPurchaseAgreement
|
usd | ||
CY2023Q2 | plmi |
Change In Fair Value Of Subscription Purchase Agreement
ChangeInFairValueOfSubscriptionPurchaseAgreement
|
usd | |
plmi |
Change In Fair Value Of Subscription Purchase Agreement
ChangeInFairValueOfSubscriptionPurchaseAgreement
|
usd | ||
CY2023Q1 | plmi |
Change In Fair Value Of Subscription Purchase Agreement
ChangeInFairValueOfSubscriptionPurchaseAgreement
|
usd | |
CY2023Q3 | plmi |
Change In Fair Value Of Subscription Purchase Agreement
ChangeInFairValueOfSubscriptionPurchaseAgreement
|
usd | |
CY2023Q3 | plmi |
Change In Fair Value Of Forward Purchase Agreement
ChangeInFairValueOfForwardPurchaseAgreement
|
usd | |
CY2023Q3 | plmi |
Issuance Of Forward Purchase Agreement
IssuanceOfForwardPurchaseAgreement
|
usd | |
CY2023Q3 | plmi |
Reduction Of Deferred Underwriter Fee Payable
ReductionOfDeferredUnderwriterFeePayable
|
usd | |
plmi |
Change In Fair Value Of Subscription Purchase Agreement
ChangeInFairValueOfSubscriptionPurchaseAgreement
|
usd | ||
CY2023Q2 | plmi |
Change In Fair Value Of Subscription Purchase Agreement
ChangeInFairValueOfSubscriptionPurchaseAgreement
|
usd | |
CY2023Q2 | plmi |
Issuance Of Forward Purchase Agreement
IssuanceOfForwardPurchaseAgreement
|
usd | |
CY2023Q2 | plmi |
Reduction Of Deferred Underwriter Fee Payable
ReductionOfDeferredUnderwriterFeePayable
|
usd | |
plmi |
Change In Fair Value Of Subscription Purchase Agreement
ChangeInFairValueOfSubscriptionPurchaseAgreement
|
usd | ||
CY2023Q1 | plmi |
Change In Fair Value Of Subscription Purchase Agreement
ChangeInFairValueOfSubscriptionPurchaseAgreement
|
usd | |
us-gaap |
Liabilities Fair Value Adjustment
LiabilitiesFairValueAdjustment
|
usd | ||
CY2023Q1 | us-gaap |
Liabilities Fair Value Adjustment
LiabilitiesFairValueAdjustment
|
usd | |
us-gaap |
Liabilities Fair Value Adjustment
LiabilitiesFairValueAdjustment
|
usd | ||
us-gaap |
Liabilities Fair Value Adjustment
LiabilitiesFairValueAdjustment
|
usd | ||
CY2023Q3 | us-gaap |
Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
|
usd | |
CY2023 | plmi |
Investments Maturity Period
InvestmentsMaturityPeriod
|
P3M | |
CY2023Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
shares | |
CY2022Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
shares | |
CY2023 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2023 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
CY2023 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001840317 |