Registration of securities issued in business combination transactions

Related Party Transactions (Tables)

v3.24.0.1
Related Party Transactions (Tables)
12 Months Ended
Dec. 31, 2023
Related Party Transactions [Abstract]  
Schedule of Fair Value of the Founders Shares Accordingly, in substance, it was recognized by the Company as a capital contribution by the Sponsor to induce these holders of the Class A shares not to redeem, with a corresponding charge to additional paid-in capital to recognize the fair value of the shares transferred as an offering cost.

 

January 25,
2023

Share price at grant date

 

$

10.03

 

Risk-free interest rate

 

 

4.67

%

Remaining life of SPAC (assuming the Extended Date)

 

 

0.52

 

Value in no De-SPAC scenario

 

$

10.39

 

Probability of transaction

 

 

50

%

Discount rate

 

 

5

%

The fair value of the founders shares was based on the following significant inputs:

 

July 25,
2023

Share price at grant date

 

$

10.71

 

Risk-free interest rate

 

 

5.43

%

Remaining life of SPAC (assuming the Extended Date)

 

 

0.53

 

Value in no De-SPAC scenario

 

$

10.60

 

Probability of transaction

 

 

50

%

Discount rate

 

 

5

%