Coliseum Acquisition (MITAU) 10-Q 14 Aug 23 2023 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2023	Aug. 14, 2023
Document and Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2023
Entity File Number	001-40514
Entity Registrant Name	Coliseum Acquisition Corp.
Entity Incorporation, State or Country Code	E9
Entity Tax Identification Number	98-1583230
Entity Address, Address Line One	1180 North Town Center Drive, Suite 100
Entity Address, City or Town	Las Vegas
Entity Address State Or Province	NV
Entity Address, Postal Zip Code	89144
City Area Code	702
Local Phone Number	781-4313
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	true
Entity Central Index Key	0001847440
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Amendment Flag	false
Units, each consisting of one Class A ordinary share, par value $0.001 per share, and one-third of one redeemable warrant
Document and Entity Information
Title of 12(b) Security	Units, each consisting of one Class A ordinary share, par value $0.001 per share, and one-third of one redeemable warrant
Trading Symbol	MITAU
Security Exchange Name	NASDAQ
Class A ordinary shares
Document and Entity Information
Title of 12(b) Security	Class A ordinary shares, par value $0.001 per share
Trading Symbol	MITA
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		9,628,200
Redeemable warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share
Document and Entity Information
Title of 12(b) Security	Redeemable warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share
Trading Symbol	MITAW
Security Exchange Name	NASDAQ
Class B ordinary shares
Document and Entity Information
Entity Common Stock, Shares Outstanding		1

CONDENSED BALANCE SHEETS

CONDENSED BALANCE SHEETS - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Current assets:
Cash	$ 0	$ 233,036
Due from related party		$ 2,058
Other Receivable, after Allowance for Credit Loss, Current, Related Party, Type [Extensible Enumeration]	Related party	Related party
Prepaid expenses	$ 135,000	$ 236,760
Total current assets	135,000	471,854
Investments held in Trust Account	61,281,077	152,348,535
Total Assets	61,416,077	152,820,389
Current liabilities:
Accounts payable and accrued expenses	$ 589,505	185,500
Accrued expense - related party		$ 10,000
Other Liability, Current, Related Party, Type [Extensible Enumeration]	Related party	Related party
Convertible note payable - related party	$ 100,000
Total current liabilities	689,505	$ 195,500
Warrant liabilities	1,233,750	329,000
Deferred underwriting fee payable		5,625,000
Total Liabilities	1,923,255	6,149,500
Commitments and Contingencies
Shareholders' Deficit:
Preferred shares, $0.001 par value; 5,000,000 shares authorized; none issued or outstanding
Accumulated deficit	(1,792,005)	(5,681,396)
Total shareholders' deficit	(1,788,255)	(5,677,646)
Total Liabilities, Temporary Equity and Shareholders' Deficit	61,416,077	152,820,389
Public Shares
Current liabilities:
Public Shares - Class A ordinary shares, $0.001 par value; 500,000,000 shares authorized; 5,878,201 and 15,000,000 shares subject to possible redemption at approximately $10.43 and $10.16 per share as of June 30, 2023 and December 31, 2022, respectively	61,281,077	152,348,535
Class A common stock not subject to possible redemption
Shareholders' Deficit:
Common stock	$ 3,750
Class B ordinary shares
Shareholders' Deficit:
Common stock		$ 3,750

UNAUDITED CONDENSED BALANCE SHE

UNAUDITED CONDENSED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2023	Dec. 31, 2022
Preferred stock, par value (per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Class A ordinary shares
Common shares, par value (per share)	$ 0.001	$ 0.001
Common shares, shares authorized	500,000,000	500,000,000
Public Shares
Temporary equity, shares outstanding	5,878,201	15,000,000
Class A common stock not subject to possible redemption
Common shares, shares issued	3,749,999	0
Common shares, shares outstanding	3,749,999	0
Public Shares
Temporary equity, shares outstanding	5,878,201	15,000,000
Temporary equity, par value (per share)	$ 0.001	$ 0.001
Temporary equity, shares authorized	500,000,000	500,000,000
Temporary equity, redemption price per share	$ 10.43	$ 10.16
Temporary equity, per share	10.43	10.16
Class B ordinary shares
Common shares, par value (per share)	$ 0.001	$ 0.001
Common shares, shares authorized	50,000,000	50,000,000
Common shares, shares issued	1	3,750,000
Common shares, shares outstanding	1	3,750,000

UNAUDITED CONDENSED STATEMENTS

UNAUDITED CONDENSED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
General and administrative expenses	$ 392,294	$ 283,683	$ 839,687	$ 600,160
Loss from operations	(392,294)	(283,683)	(839,687)	(600,160)
Other income (expenses):
Gain on investments held in Trust Account	1,807,017	204,399	3,528,914	247,367
Gain from extinguishment of deferred underwriting fee allocated to warrant liabilities	275,625		275,625
Change in fair value of derivative warrant liabilities	(329,000)	2,056,250	(904,750)	6,036,500
Total other income (expenses)	1,753,642	2,260,649	2,899,789	6,283,867
Net income	$ 1,361,348	$ 1,976,966	$ 2,060,102	$ 5,683,707
Public Shares
Other income (expenses):
Weighted average shares outstanding, basic	14,097,844	15,000,000	14,546,430	15,000,000
Weighted average shares outstanding, diluted	14,097,844	15,000,000	14,546,430	15,000,000
Basic net income per shares	$ 0.08	$ 0.11	$ 0.11	$ 0.30
Diluted net income per shares	$ 0.08	$ 0.11	$ 0.11	$ 0.30
Class B and non-redeemable Class A ordinary shares
Other income (expenses):
Weighted average shares outstanding, basic	3,750,000	3,750,000	3,750,000	3,750,000
Weighted average shares outstanding, diluted	3,750,000	3,750,000	3,750,000	3,750,000
Basic net income per shares	$ 0.08	$ 0.11	$ 0.11	$ 0.30
Diluted net income per shares	$ 0.08	$ 0.11	$ 0.11	$ 0.30

UNAUDITED CONDENSED STATEMENT_2

UNAUDITED CONDENSED STATEMENTS OF CHANGES IN SHAREHOLDERS' DEFICIT - USD ($)	Class A common stock not subject to possible redemption Common Stock	Class A common stock not subject to possible redemption	Class B ordinary shares Common Stock	Additional Paid-in Capital	Accumulated Deficit	Total
Balance at the beginning at Dec. 31, 2021	$ 0		$ 3,750	$ 0	$ (10,959,843)	$ (10,956,093)
Balance at the beginning (in shares) at Dec. 31, 2021	0		3,750,000
UNAUDITED CONDENSED STATEMENTS OF CHANGES IN SHAREHOLDERS' DEFICIT
Remeasurement of Public Shares subject to redemption amount					(42,968)	(42,968)
Net income					3,706,741	3,706,741
Balance at the end at Mar. 31, 2022			$ 3,750		(7,296,070)	(7,292,320)
Balance at the end (in shares) at Mar. 31, 2022			3,750,000
Balance at the beginning at Dec. 31, 2021	$ 0		$ 3,750	0	(10,959,843)	(10,956,093)
Balance at the beginning (in shares) at Dec. 31, 2021	0		3,750,000
UNAUDITED CONDENSED STATEMENTS OF CHANGES IN SHAREHOLDERS' DEFICIT
Net income						5,683,707
Balance at the end at Jun. 30, 2022			$ 3,750		(5,523,503)	(5,519,753)
Balance at the end (in shares) at Jun. 30, 2022			3,750,000
Balance at the beginning at Mar. 31, 2022			$ 3,750		(7,296,070)	(7,292,320)
Balance at the beginning (in shares) at Mar. 31, 2022			3,750,000
UNAUDITED CONDENSED STATEMENTS OF CHANGES IN SHAREHOLDERS' DEFICIT
Remeasurement of Public Shares subject to redemption amount					(204,399)	(204,399)
Net income					1,976,966	1,976,966
Balance at the end at Jun. 30, 2022			$ 3,750		(5,523,503)	(5,519,753)
Balance at the end (in shares) at Jun. 30, 2022			3,750,000
Balance at the beginning at Dec. 31, 2022	$ 0		$ 3,750	0	(5,681,396)	(5,677,646)
Balance at the beginning (in shares) at Dec. 31, 2022	0		3,750,000
UNAUDITED CONDENSED STATEMENTS OF CHANGES IN SHAREHOLDERS' DEFICIT
Remeasurement of Public Shares subject to redemption amount					(1,721,897)	(1,721,897)
Net income					698,754	698,754
Balance at the end at Mar. 31, 2023			$ 3,750		(6,704,539)	(6,700,789)
Balance at the end (in shares) at Mar. 31, 2023			3,750,000
Balance at the beginning at Dec. 31, 2022	$ 0		$ 3,750	0	(5,681,396)	$ (5,677,646)
Balance at the beginning (in shares) at Dec. 31, 2022	0		3,750,000
UNAUDITED CONDENSED STATEMENTS OF CHANGES IN SHAREHOLDERS' DEFICIT
Conversion of Class B ordinary shares into non-redeemable Class A ordinary shares (in shares)		3,749,999				1
Net income						$ 2,060,102
Balance at the end at Jun. 30, 2023	$ 3,750				(1,792,005)	(1,788,255)
Balance at the end (in shares) at Jun. 30, 2023	3,749,999		1
Balance at the beginning at Mar. 31, 2023			$ 3,750		(6,704,539)	(6,700,789)
Balance at the beginning (in shares) at Mar. 31, 2023			3,750,000
UNAUDITED CONDENSED STATEMENTS OF CHANGES IN SHAREHOLDERS' DEFICIT
Increase in redemption value of Public Shares subject to redemption due to extension					(100,000)	(100,000)
Conversion of Class B ordinary shares into non-redeemable Class A ordinary shares	$ 3,750		$ (3,750)
Conversion of Class B ordinary shares into non-redeemable Class A ordinary shares (in shares)	3,749,999		(3,749,999)
Forgiveness of debt to Previous Sponsor				108,828		108,828
Remeasurement of Public Shares subject to redemption amount				$ (108,828)	3,651,186	3,542,358
Net income					1,361,348	1,361,348
Balance at the end at Jun. 30, 2023	$ 3,750				$ (1,792,005)	$ (1,788,255)
Balance at the end (in shares) at Jun. 30, 2023	3,749,999		1

UNAUDITED CONDENSED STATEMENT_3

UNAUDITED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Cash Flows from Operating Activities:
Net income		$ 2,060,102	$ 5,683,707
Adjustments to reconcile net income to net cash used in operating activities:
Gain from extinguishment of deferred underwriting fee allocated to warrant liabilities		(275,625)
Gain on investments held in Trust Account	$ (204,399)	(3,528,914)	(247,367)
Change in fair value of derivative warrant liabilities		904,750	(6,036,500)
Changes in operating assets and liabilities:
Prepaid expenses		101,760	233,112
Accounts payable and accrued expenses		404,005	44,837
Accrued expense - related party		60,000	(724)
Net cash used in operating activities		(273,922)	(322,935)
Cash Flows from Investing Activities:
Cash withdrawn from Trust Account for redemptions		94,696,372
Cash deposited in Trust Account for extension		(100,000)
Net cash provided by investing activities		94,596,372
Cash Flows from Financing Activities:
Proceeds received from related party under convertible note payable		100,000
Redemption of Public Shares		(94,696,372)
Advances from Previous Sponsor		50,000
Repayment of advances from Previous Sponsor		(9,114)
Net cash used in financing activities		(94,555,486)
Net change in cash		(233,036)	(322,935)
Cash - Beginning of the period		233,036	801,945
Cash - End of the period	$ 479,010		479,010
Supplemental disclosure of noncash financing activities:
Increase in redemption value of Public Shares subject to redemption due to extension		100,000
Remeasurement of Public Shares subject to possible redemption to redemption amount		5,349,375
Extinguishment of deferred underwriting fee allocated to public shares		1,820,461	$ 247,367
Forgiveness of debt to Previous Sponsor		$ 108,828

DESCRIPTION OF ORGANIZATION AND

DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS	6 Months Ended
	Jun. 30, 2023
DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS
DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS	NOTE 1. DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS Coliseum Acquisition Corp. (the “Company”) is a blank check company incorporated in the Cayman Islands on February 5, 2021. The Company was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses (a “Business Combination”). The Company is not limited to a particular industry or geographic region for purposes of consummating a Business Combination. 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. As of June 30, 2023, the Company had not commenced any operations. All activity for the period from February 5, 2021 (inception) through June 30, 2023 relates to the Company’s formation and the initial public offering (the “Initial Public Offering”) as described below, and since the closing of the Initial Public Offering, the search for a prospective initial Business Combination. The Company will not generate any operating revenues until after the completion of a Business Combination, at the earliest. The Company will generate non-operating income in the form of investment income from the proceeds derived from the Initial Public Offering and will recognize other income and expense related to the change in fair value of warrant liabilities. The registration statement for the Initial Public Offering was declared effective on June 22, 2021. On June 25, 2021, the Company consummated the Initial Public Offering of 15,000,000 units (the “Units” and, with respect to the Class A ordinary shares included in the Units sold, the “Public Shares”), at $10.00 per Unit, generating gross proceeds of $150,000,000, which is discussed in Note 3. Each Unit consisted of one Public Share and one-third of one warrant to purchase one Class A ordinary share (“Public Warrant”). The Company granted the underwriter a 45-day option to purchase up to 2,250,000 additional Units, which option expired unexercised on August 6, 2021. Transaction costs amounted to $9,176,463 consisting of $3,000,000 of underwriting fees, $5,625,000 of deferred underwriting fees, which was later entirely waived on June 12, 2023 (see Note 6), and $551,463 of other offering costs. The Company was reimbursed $750,000 by the underwriter for such transaction costs. Simultaneously with the closing of the Initial Public Offering, the Company consummated the sale of 3,225,000 warrants (the “Private Placement Warrants”) at a price of $1.50 per Private Placement Warrant in a private placement to the Coliseum Acquisition Sponsor LLC (the “Previous Sponsor”), generating gross proceeds of $4,837,500, which is described in Note 4. Following the closing of the Initial Public Offering on June 25, 2021, an amount of $150,000,000 ($10.00 per Unit) from the net proceeds of the sale of the Units in the Initial Public Offering and the sale of the Private Placement Warrants was placed in a trust account (the “Trust Account”), to be invested only in U.S. government securities with maturities of 185 days or less or in money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act which invest only in direct U.S. government treasury bills, until the earlier of: (i) the completion of a Business Combination and (ii) the distribution of the funds held in the Trust Account, as described below. On June 27, 2023, the Company moved its trust account out of investment in securities and into an interest-bearing bank deposit account in order to mitigate the risk of being deemed an unregistered investment company. The Company will provide the holders of its Public Shares (the “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 general 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 held in the Trust Account (initially at $10.00 per share), calculated as of two Distinguishing Liabilities from Equity The Company will proceed with a Business Combination if a majority of the shares voted are voted in favor of the Business Combination. If a shareholder vote is not required under applicable law or stock exchange listing requirements and the Company does not decide to hold a shareholder vote for business or other reasons, the Company will, pursuant to its amended and restated memorandum and articles of association as then in effect (the “Amended and Restated Memorandum and Articles of Association”), conduct the redemptions pursuant to the tender offer rules of the Securities and Exchange Commission (“SEC”), and file tender offer documents with the SEC prior to completing a Business Combination. If the Company seeks shareholder approval in connection with a Business Combination, the Previous Sponsor, Berto LLC, an affiliate of Harry L. You (the “New Sponsor”), Harry L. You and the Company’s officers and the other holders of Founder Shares immediately prior to the Initial Public Offering (the “Initial Shareholders”) agreed to vote their Founder Shares and any Public Shares purchased in or after the Initial Public Offering 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 transaction. Notwithstanding the foregoing, if the Company seeks shareholder approval of a Business Combination and it does not conduct redemptions pursuant to the tender offer rules, the Company’s Amended and Restated Memorandum and Articles of Association provide that a public shareholder, together with any affiliate of such shareholder or any other person with whom such shareholder is acting in concert or as a “group” (as defined under Section 13 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), will be restricted from redeeming its shares with respect to more than an aggregate of 15% of the Public Shares without the Company’s prior written consent. The Company initially had 24 months from the closing of the Initial Public Offering (or June 25, 2023) to complete a Business Combination, which was later extended as discussed below. The Initial Shareholders agreed to waive (i) their redemption rights with respect to any Founder Shares and Public Shares held by them (ii) their redemption rights with respect to any Founder Shares and Public Shares held by them in connection with a shareholder vote to approve an amendment to the 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 Class A ordinary shares the right to have their shares redeemed in connection with an initial Business Combination or to redeem 100% of the Public Shares if the Company does not complete a Business Combination within the Combination Period (as defined below) or (B) with respect to any other provision relating to shareholders’ rights or pre-initial Business Combination activity and (iii) their rights to liquidating distributions from the Trust Account with respect to any Founder Shares they hold if the Company does not complete a Business Combination within the required period. However, if the Initial Shareholders acquire Public Shares in or after the Initial Public Offering, such Public Shares will be entitled to liquidating distributions from the Trust Account if the Company fails to complete a Business Combination within the Combination Period (as defined below). On June 15, 2023, the Company, the Previous Sponsor and the New Sponsor entered into an agreement, pursuant to which the Previous Sponsor agreed to sell to the New Sponsor, and the New Sponsor agreed to purchase from Previous Sponsor an aggregate of (i) 2,625,000 Founder Shares (as defined in Note 5) held by the Previous Sponsor and (ii) 2,257,500 Private Placement Warrants held by the Previous Sponsor (the “Transfer Transaction”). The Transfer Transaction was consummated on June 26, 2023. Additionally, on June 22, 2023, the shareholders approved an amendment of the Company’s Amended and Restated Memorandum and Articles of Association to extend (the “Extension”) the date by which the Company has to consummate a Business Combination up to twelve (12) times for an additional one (1) month each time (each, an “Extension Period”) from June 25, 2023 up to June 25, 2024, only if the Previous Sponsor or its designee would deposit (the “Contribution”) into the Trust Account as a loan, an amount equal to the lesser of (x) $100,000 or (y) $0.04 per Public Share multiplied by the number of Public Shares that were not redeemed in connection with the shareholder vote to approve the Extension, for each month of the Extension Period elected by the Company’s board of directors. In connection with the shareholder approval of the Extension, an aggregate of 9,121,799 Public Shares were redeemed for an aggregate amount of $94,696,372. The Company’s board of directors elected to effect the first Extension Period, extending the Company’s liquidation date (the “Combination Period”) to July 25, 2023. Accordingly, the New Sponsor deposited $100,000 into the Trust Account on June 23, 2023 for the first Extension Period. On July 25, 2023, the New Sponsor deposited another $100,000 into the Trust Account, extending the Company’s Combination Period to August 25, 2023. In connection with the Contribution and advances the New Sponsor may make in the future to the Company for working capital expenses, on June 22, 2023, the Company issued a convertible promissory note to the New Sponsor with a principal amount up to $1.5 million (the “Convertible Note”). The Convertible Note bears no interest and is repayable in full upon the earlier of (a) the date of the consummation of the Company’s initial Business Combination, or (b) the date of the Company’s liquidation. If the Company does not consummate an initial Business Combination by the end of the Combination Period, the Convertible Note will be repaid only from funds held outside of the Trust Account or will be forfeited, eliminated or otherwise forgiven. Upon the consummation of the Company’s initial business Combination, the outstanding principal of the Convertible Note may be converted into warrants, at a price of $1.50 per warrant, at the option of the New Sponsor. Such warrants will have terms identical to the Private Placement Warrants. 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 10 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 (less up to $100,000 of interest to pay dissolution expenses and which interest shall be net of taxes payable), divided by the number of then issued and 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 board of directors, liquidate and dissolve, subject in each case 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 within the Combination Period. In order to protect the amounts held in the Trust Account, the Previous Sponsor agreed to be liable to the Company if and to the extent any claims by a third party (other than the Company’s independent registered public accounting firm) for services rendered or products sold to the Company, or a prospective target business with which the Company has discussed entering into a transaction agreement, reduce the amount of funds in the Trust Account to below (1) $10.00 per Public Share or (2) such lesser amount per Public Share held in the Trust Account as of the date of the liquidation of the Trust Account due to reductions in the value of the Trust assets, in each case net of the interest that may be withdrawn to pay the Company’s tax obligations, except as to any claims by a third party who executed a waiver of any and all rights to seek access to the Trust Account and except as to any claims under the Company’s indemnity of the underwriter of the Initial Public Offering against certain liabilities, including liabilities under the Securities Act of 1933, as amended (the “Securities Act”). Moreover, in the event that an executed waiver is deemed to be unenforceable against a third party, the Previous Sponsor will not be responsible to the extent of any liability for such third-party claims. The Company will seek to reduce the possibility that the Previous Sponsor will have to indemnify the Trust Account due to claims of creditors by endeavoring to have all vendors, service providers (other than the Company’s independent registered public accounting firm), prospective target businesses or other entities with which the Company does business, execute agreements with the Company waiving any right, title, interest or claim of any kind in or to monies held in the Trust Account. As previously disclosed in the Company’s Form 8-K filed on March 27, 2023, the Company received a written notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) on March 21, 2023 indicating that the Company was not in compliance with Listing Rule 5550(a)(3), which requires the Company to have at least 300 public holders for continued listing on the Nasdaq Capital Market (the “Minimum Public Holders Rule”). The Company submitted a plan to Nasdaq to regain compliance with the Minimum Public Holders Rule on June 26, 2023. Nasdaq approved the plan and granted the Company an extension until September 17, 2023 to demonstrate compliance with the Minimum Public Holders Rule. Going Concern Consideration As of June 30, 2023, the Company had no cash held outside of the Trust Account and working capital deficit of $554,505. The Company has incurred and expects to continue to incur significant costs in pursuit of its acquisition plans. In addition, in order to provide the Contribution and to finance transaction costs in connection with a Business Combination, the Company issued a Convertible Note to the New Sponsor with a principal amount up to $1.5 million on June 22, 2023 as discussed above. As of June 30, 2023, the Company had $100,000 outstanding under the Convertible Note. On July 25, 2023, the New Sponsor contributed another $100,000, for an aggregate outstanding amount of $200,000 under the Convertible Note, into the Trust Account. Based upon the analysis above, the Company’s management has determined that it has sufficient borrowing capacity and the New Sponsor has financial wherewithal to meet its anticipated obligations through the earlier of the consummation of a Business Combination or through the liquidation date. In connection with the management’s assessment of going concern considerations in accordance with FASB ASC Topic 210-40, “Presentation of Financial Statements – Going Concern,” the Company’s management has determined that the mandatory liquidation, should a Business Combination not occur, and potential subsequent dissolution raises substantial doubt about its ability to continue as a going concern through the earlier of the liquidation date or the completion of the initial Business Combination. Management plans to address this uncertainty through a Business Combination as discussed above. There is no assurance that the Company’s plans to consummate a Business Combination will be successful or successful within the Combination Period (August 25, 2023). The unaudited condensed financial statements do not include any adjustments that might result from the outcome of this uncertainty. Risks and Uncertainties Management continues to evaluate the impact of the COVID-19 pandemic and has concluded that while it is reasonably possible that the virus could have a negative effect on the Company’s financial position, results of its operations, and/or search for a target company, the specific impact is not readily determinable as of the date of the accompanying unaudited condensed financial statements and such unaudited condensed financial statements do not include any adjustments that might result from the outcome of this uncertainty. ​ In February 2022, the Russian Federation and Belarus commenced a military action with the country of Ukraine. As a result of this action, various nations, including the United States, have instituted economic sanctions against the Russian Federation and Belarus. Further, the impact of this action and related sanctions on the world economy are not determinable as of the date of these unaudited condensed financial statements and the specific impact on the Company’s financial condition, results of operations, and cash flows is also not determinable as of the date of these unaudited condensed financial statements. ​

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2023
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying financial statements are presented in conformity with accounting principles generally accepted in the United States of America (“GAAP”) and pursuant to the rules and regulations of the SEC. Certain information or footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial reporting. Accordingly, they do not include all the information and footnotes necessary for a comprehensive presentation of financial position, results of operations, or cash flows. In the opinion of management, the accompanying unaudited condensed financial statements include all adjustments, consisting of a normal recurring nature, which are necessary for a fair presentation of the financial position, operating results and cash flows for the periods presented. The accompanying unaudited condensed financial statements should be read in conjunction with the Company’s Form 10-K as filed with the SEC on April 17, 2023. The interim results for the three and six months ended June 30, 2023 are not necessarily indicative of the results to be expected for the year ending December 31, 2023 or for any future periods. Emerging Growth Company The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the independent registered public accounting firm attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved. The Company has elected to implement the aforementioned exemptions. Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s condensed financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used. Use of Estimates The preparation of unaudited condensed financial statements in conformity with GAAP requires the Company’s 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 unaudited condensed financial statements and the reported amounts of expenses during the reporting period. 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 unaudited 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 from those estimates. The initial valuation of the Public Warrants (as defined in Note 3) and the recurring valuation of the Private Placement Warrants required management to exercise significant judgment in its estimates. Cash and Cash Equivalents The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The Company did not have any cash equivalents as of June 30, 2023 and December 31, 2022. Investments Held in Trust Account Until June 27, 2023, when the Company moved its trust account out of investment in securities and into an interest-bearing bank deposit account in order to mitigate the risk of being deemed an unregistered investment company, the Company’s portfolio of investments is comprised of U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act, with a maturity of Public Shares Subject to Possible Redemption All of the outstanding Public Shares contain a redemption feature which allows for the redemption of such shares in connection with the Company’s liquidation, if there is a shareholder vote or tender offer in connection with a Business Combination and in connection with certain amendments to the Amended and Restated Memorandum and Articles of Association. In accordance with SEC and its staff’s guidance on redeemable equity instruments, which has been codified in ASC 480, redemption provisions not solely within the control of the Company require ordinary shares subject to redemption to be classified outside of permanent equity. Therefore, the carrying value of all Public Shares have been classified outside of permanent equity. ​ The Company recognizes changes in redemption value immediately as they occur and adjusts the carrying value of Public Shares to equal the redemption value at the end of each reporting period. Increases or decreases in the carrying amount of Public Shares are affected by charges against additional paid in capital and accumulated deficit. As of June 30, 2023 and December 31, 2022, the carrying value of Public Shares reflected in the unaudited condensed balance sheets are reconciled in the following table: ​ ​ ​ ​ ​ Public Shares subject to possible redemption as of December 31, 2022 ​ $ 152,348,535 Plus: ​ Remeasurement of carrying value to redemption value ​ 1,721,897 Public Shares subject to possible redemption - March 31, 2023 ​ 154,070,432 Plus: ​ ​ Waiver of Public Shares issuance costs ​ ​ 5,349,375 Increase in redemption value of Public Shares subject to redemption due to extension ​ ​ 100,000 Less: ​ ​ ​ Redemption of Public Shares ​ ​ (94,696,372) Remeasurement of carrying value to redemption value ​ (3,542,358) Public Shares subject to possible redemption - June 30, 2023 ​ $ 61,281,077 ​ Warrant Liabilities The Company accounts for warrants as either equity-classified or liability-classified instruments based on an assessment of the warrant’s specific terms and applicable authoritative guidance in ASC 480 and ASC 815, Derivatives and Hedging For issued or modified warrants that meet all of the criteria for equity classification, the warrants are required to be recorded as a component of additional paid-in capital at the time of issuance. For issued or modified warrants that do not meet all the criteria for equity classification, the warrants are required to be recorded as liabilities at their initial fair value on the date of issuance, and at each balance sheet date thereafter. Changes in the estimated fair value of the liability-classified warrants are recognized as a non-cash gain or loss on the statements of operations. The initial estimated fair value of the Public Warrants was measured using a Monte Carlo simulation approach. The initial and subsequent fair value estimates of the Private Placement Warrants is measured using a Modified Black-Scholes option pricing model (see Note 9). Convertible Note Payable – Related Party In connection with the Contribution and advances the New Sponsor may make in the future to the Company for working capital expenses, on June 22, 2023, the Company issued a Convertible Note to the New Sponsor with a principal amount up to $1.5 million (see Note 5). Upon the consummation of the Company’s initial Business Combination, the outstanding principal of the Convertible Note may be converted into warrants, at a price of $1.50 per warrant, at the option of the New Sponsor. Such warrants will have terms identical to the Private Placement Warrants. As of June 30, 2023, the Company had $100,000 outstanding under the Convertible Note. The option to convert the Convertible Note into warrants qualifies as an embedded derivative under ASC 815 and is required to be recognized at fair value with subsequent changes in fair value recognized in Company’s statements of operations each reporting period until the Convertible Note is repaid or converted. As of the funding date and June 30, 2023, the fair value of the embedded conversion option had a de minimis value. Offering Costs Associated with the Initial Public Offering The Company complies with the requirements of ASC Topic 340, Other Assets and Deferred Costs Expenses of Offering Income Taxes The Company accounts for income taxes under ASC Topic 740, Income Taxes ASC 740 also clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s condensed financial statements and prescribes a recognition threshold and measurement process for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. ASC 740 also provides guidance on derecognition, classification, interest and penalties, accounting in an interim period, disclosure and transition. Based on the Company’s evaluation, it has been concluded that there are no significant uncertain tax positions requiring recognition in the Company’s unaudited condensed financial statements. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. There were no unrecognized tax benefits and no amounts accrued for interest and penalties as of June 30, 2023 and December 31, 2022. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company is considered an exempted Cayman Islands Company and is presently not subject to income taxes or income tax filing requirements in the Cayman Islands or the United States. Consequently, income taxes are not reflected in the Company’s unaudited condensed financial statements. Net Income Per Ordinary Share The Company complies with accounting and disclosure requirements of ASC 260, Earnings Per Share The following table reflects the calculation of basic and diluted net income per ordinary share (in dollars, except per share amounts): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended June 30, ​ ​ 2023 ​ 2022 ​ ​ ​ ​ Class B and non- ​ ​ ​ Class B and non- ​ Public Shares redeemable Class A Public Shares redeemable Class A Basic and diluted net income per common share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Numerator: ​ ​ ​ ​ ​ ​ Allocation of net income ​ $ 1,075,316 ​ $ 286,032 ​ $ 1,581,573 ​ $ 395,393 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Denominator: ​ ​ ​ ​ Basic and diluted weighted average common shares outstanding ​ 14,097,844 ​ 3,750,000 ​ 15,000,000 ​ 3,750,000 Basic and diluted net income per common share ​ $ 0.08 ​ $ 0.08 ​ $ 0.11 ​ $ 0.11 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the six months ended June 30, ​ ​ 2023 ​ 2022 ​ ​ ​ ​ Class B and non- ​ ​ ​ Class B and non- ​ ​ Public Shares redeemable Class A Public Shares redeemable Class A Basic and diluted net income per common share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Numerator: ​ ​ ​ ​ ​ ​ Allocation of net income ​ $ 1,637,868 ​ $ 422,235 ​ $ 4,546,966 ​ $ 1,136,741 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Denominator: ​ ​ ​ ​ Basic and diluted weighted average common shares outstanding ​ 14,546,430 ​ 3,750,000 ​ 15,000,000 ​ 3,750,000 Basic and diluted net income per common share ​ $ 0.11 ​ $ 0.11 ​ $ 0.30 ​ $ 0.30 ​ Concentration of Credit Risk 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 of $250,000. The Company has not experienced losses on this account and management believes the Company is not exposed to significant risks on such account. Fair Value of Financial Instruments The Company applies ASC Topic 820, Fair Value Measurement The carrying amounts reflected in the unaudited condensed balance sheets for cash, prepaid expenses and other current assets, and accounts payable and accrued expenses approximate fair value due to their short-term nature. ● Level 1 — Assets and liabilities with unadjusted, quoted prices listed on active market exchanges. Inputs to the fair value measurement are observable inputs, such as quoted prices in active markets for identical assets or liabilities. ● Level 2 — Inputs to the fair value measurement are determined using prices for recently traded assets and liabilities with similar underlying terms, as well as direct or indirect observable inputs, such as interest rates and yield curves that are observable at commonly quoted intervals. ● Level 3 — Inputs to the fair value measurement are unobservable inputs, such as estimates, assumptions, and valuation techniques when little or no market data exists for the assets or liabilities. See Note 9 for additional information on assets and liabilities measured at fair value. Recent Accounting Standards Management does not believe that any recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on the Company’s unaudited condensed financial statements.

INITIAL PUBLIC OFFERING

INITIAL PUBLIC OFFERING	6 Months Ended
	Jun. 30, 2023
INITIAL PUBLIC OFFERING
INITIAL PUBLIC OFFERING	NOTE 3. INITIAL PUBLIC OFFERING In the Initial Public Offering, the Company sold 15,000,000 Units at $10.00 per Unit, generating gross proceeds of $150,000,000. Each Unit consisted of one Public Share and one

PRIVATE PLACEMENT

PRIVATE PLACEMENT	6 Months Ended
	Jun. 30, 2023
PRIVATE PLACEMENT
PRIVATE PLACEMENT	NOTE 4. PRIVATE PLACEMENT Simultaneously with the closing of the Initial Public Offering, the Previous Sponsor purchased an aggregate of 3,225,000 Private Placement Warrants at a price of $1.50 per Private Placement Warrant (for an aggregate purchase price of $4,837,500). Each Private Placement Warrant is exercisable to purchase one Class A ordinary share at a price of $11.50 per share. The proceeds from the sale of the Private Placement Warrants were added to the net proceeds from the Initial Public Offering held in the Trust Account. If the Company does not complete a Business Combination within the Combination Period, the proceeds from the sale of the Private Placement Warrants will be used to fund the redemption of the Public Shares (subject to the requirements of applicable law) and the Private Placement Warrants will expire worthless.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Jun. 30, 2023
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS	NOTE 5. RELATED PARTY TRANSACTIONS Founder Shares On February 17, 2021, the Previous Sponsor paid an aggregate of $25,000 to cover certain expenses on behalf of the Company in exchange for the issuance of 4,312,500 Class B ordinary shares (the “Founder Shares”). The Founder Shares included an aggregate of up to 562,500 Class B ordinary shares subject to forfeiture by the Previous Sponsor to the extent that the underwriter’s over-allotment option was not exercised in full or in part, so that the Previous Sponsor would own, on an as-converted basis, 20% of the Company’s issued and outstanding shares after the Initial Public Offering. Upon the expiration of the over-allotment option on August 6, 2021, 562,500 Class B ordinary shares were forfeited, resulting in an aggregate of 3,750,000 Founder Shares outstanding. A total of five anchor investors purchased 7,440,000 Units in the Initial Public Offering; with one anchor investor purchasing 2,235,000 Units, three anchor investors each Each anchor investor entered into separate anchor commitment letters with the Company and the Previous Sponsor pursuant to which each anchor investor purchased a specified amount of membership interests from the Previous Sponsor upon closing of the Initial Public Offering. The Previous Sponsor will retain voting and dispositive power over the anchor investors’ portion of the Founder Shares held by the Previous Sponsor until the consummation of the initial Business Combination, following which time the Previous Sponsor will distribute such Founder Shares to the anchor investors (subject to applicable lock-up restrictions). The estimated fair value of the Founder Shares as of the execution of the anchor commitment letters was $5.38 per share, or $2,994,491 in the aggregate, which was $2,159,708 in excess of the amount paid by anchor investors for this interest. On June 15, 2023, the Company, the Previous Sponsor and New Sponsor entered into an agreement, pursuant to which the Previous Sponsor agreed to sell to the New Sponsor, and the New Sponsor agreed to purchase from Previous Sponsor an aggregate of (i) 2,625,000 Founder Shares and (ii) 2,257,500 Private Placement Warrants held by the Previous Sponsor. The Transfer Transaction was consummated on June 26, 2023. Immediately prior to the closing of the Transfer Transaction, the Previous Sponsor elected to convert an aggregate of 3,749,999 Class B ordinary shares on a one-for-one basis into non-redeemable Class A ordinary shares, leaving one Class B ordinary share outstanding. The Initial Shareholders agreed that, subject to certain limited exceptions, the Founder Shares (including 3,749,999 non-redeemable Class A ordinary shares and one Class B ordinary shares) will not be transferred, assigned, or sold until the earlier of (A) one year after the completion of a Business Combination or (B) subsequent to a Business Combination, (x) if the last reported sale price of the Company’s Class A ordinary shares equals or exceeds (i) $12.00 per share (as adjusted for share sub-divisions, share dividends, rights issuances, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after a Business Combination or (ii) $18.00 per share (as adjusted for share sub-divisions, share dividends, rights issuances, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 75 days after a Business Combination, or (y) the date on which the Company completes a liquidation, merger, share exchange, reorganization or other similar transaction that results in all of the public shareholders having the right to exchange their ordinary shares for cash, securities or other property. Administrative Services Agreement The Company entered into an agreement, commencing on June 22, 2021, to pay an affiliate of the Previous Sponsor a total of $10,000 per month for administrative, financial and support services. Under this agreement $30,000 and $60,000 of expenses were incurred for each of the three and six months ended June 30, 2023 and 2022. As of December 31, 2022, the Company accrued $10,000 related to this agreement owed to the Previous Sponsor in the accompanying balance sheet. The Company accrued $70,000 in connection with such agreement and upon closing of the Transfer Transaction on June 26, 2023, the Previous Sponsor forgave the balance owed upon consummation of the Transfer Transaction. The forgiveness amount is recorded as additional paid in capital in the accompanying balance sheet. Related Party Loans and Advances Advances As of December 31, 2022, the Company had advanced an aggregate of $2,058 to the Previous Sponsor. In April 2023, the Previous Sponsor advanced $50,000 to the Company for working capital needs. In June 2023, the Company repaid the remaining balance off $9,114 to the Previous Sponsor and the Previous Sponsor forgave $38,828 in remaining net owed to it. The forgiveness amount is recorded as additional paid in capital in the accompanying balance sheet. Convertible Promissory Note In connection with the Contribution and advances the New Sponsor may make in the future to the Company for working capital expenses, on June 22, 2023, the Company issued a Convertible Note to the New Sponsor with a principal amount up to $1.5 million. The Convertible Note bears no interest and is repayable in full upon the earlier of (a) the date of the consummation of the Company’s initial Business Combination, or (b) the date of the Company’s liquidation. If the Company does not consummate an initial Business Combination by the end of the Extension Period, the Convertible Note will be repaid only from funds held outside of the Trust Account or will be forfeited, eliminated or otherwise forgiven. Upon the consummation of the Company’s initial Business Combination, the outstanding principal of the Convertible Note may be converted into warrants, at a price of $1.50 per warrant, at the option of the New Sponsor. Such warrants will have terms identical to the Private Placement Warrants. As of June 30, 2023, the Company had $100,000 outstanding under the Convertible Note. The option to convert the Convertible Note into warrants qualifies as an embedded derivative under ASC 815 and is required to be recognized at fair value with subsequent changes in fair value recognized in Company’s statements of operations each reporting period until the Convertible Note is repaid or converted. As of the funding date and June 30, 2023, the fair value of the embedded conversion option had a de minimis value. On July 25, 2023, the New Sponsor contributed another $100,000, for an aggregate outstanding amount of $200,000 under the Convertible Note, into the Trust Account.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2023
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	NOTE 6. COMMITMENTS AND CONTINGENCIES Registration Rights Agreement The holders of the Founder Shares, Private Placement Warrants and warrants that may be issued upon conversion of Convertible Note (and any Class A ordinary shares issuable upon the exercise of the Private Placement Warrants and warrants issued upon conversion of the Convertible Note) are entitled to registration rights requiring the Company to register such securities for resale (in the case of the Founder Shares, only after conversion to Class A ordinary shares). The holders of these securities will be entitled to make up to three demands, excluding short form registration demands, that the Company register such securities. In addition, the holders have certain “piggy-back” registration rights with respect to registration statements filed subsequent to the completion of a Business Combination and rights to require the Company to register for resale such securities pursuant to Rule 415 under the Securities Act. The Company will bear the expenses incurred in connection with the filing of any such registration statements. Underwriting Agreement The Company granted the underwriter a 45-day option to purchase up to 2,250,000 additional Units to cover over-allotments at the Initial Public Offering price, less the underwriting discounts and commissions, which the underwriter did not exercise and which expired on August 6, 2021. The underwriter was paid a cash underwriting discount of $0.20 per Unit, or $3,000,000 in the aggregate, upon the closing of the Initial Public Offering. The underwriter paid $750,000 to the Company to reimburse certain of the Company’s expenses in connection with the Initial Public Offering. In addition, $0.375 per Unit, or $5,625,000 in the aggregate will be payable to the underwriter for deferred underwriting commissions (“Deferred Fee”). The Deferred Fee was to become payable to the underwriter from the amounts held in the Trust Account solely in the event that the Company completes a Business Combination, subject to the terms of the underwriting agreement. Effective as of June 12, 2023, the underwriter of the Initial Public Offering resigned and withdrew from its role in any Business Combination and waived its entitlement to the Deferred Fee in the amount of $5,625,000. The Company recognized $5,349,375 of the Deferred Fee waiver as a reduction to the carrying value of Public Shares subject to redemption with the remaining balance of $275,625 recognized as a gain from extinguishment of liability allocated to warrant liabilities in the statements of operations, which represents the original amount expensed in the Company’s Initial Public Offering.

WARRANTS

WARRANTS	6 Months Ended
	Jun. 30, 2023
WARRANTS
WARRANTS	NOTE 7. WARRANTS Public Warrants may only be exercised for a whole number of shares. No fractional shares will be issued upon exercise of the Public Warrants. The Public Warrants will become exercisable on the later of (a) 30 days after the completion of a Business Combination and (b) 12 months from the closing of the Initial Public Offering. The Public Warrants will expire five years from the completion of a Business Combination, at 5:00 p.m., New York City time, or earlier upon redemption or liquidation. The Company will not be obligated to deliver any Class A ordinary shares pursuant to the exercise of a Public Warrant and will have no obligation to settle such Public Warrant exercise unless a registration statement under the Securities Act covering the issuance of the Class A ordinary shares issuable upon exercise of the Public Warrants is then effective and a current prospectus relating thereto is current, subject to the Company satisfying its obligations with respect to registration, or a valid exemption from registration is available, including in connection with a cashless exercise permitted as a result of a notice of redemption. No Public Warrant will be exercisable for cash or on a cashless basis, and the Company will not be obligated to issue any shares to holders seeking to exercise their Public Warrants, unless the issuance of the shares upon such exercise is registered or qualified under the securities laws of the state of the exercising holder, or an exemption is available. The Company agreed that as soon as practicable, but in no event later than fifteen (15) business days, after the closing of a Business Combination, the Company will use its commercially reasonable efforts to file with the SEC a registration statement for the registration, under the Securities Act, of the issuance of the Class A ordinary shares issuable upon exercise of the Public Warrants. The Company will use its commercially reasonable efforts to cause the same to become effective within sixty (60) business days after the closing of a Business Combination and to maintain the effectiveness of such registration statement, and a current prospectus relating thereto, until the expiration of the Public Warrants in accordance with the provisions of the warrant agreement. If a registration statement covering the Class A ordinary shares issuable upon exercise of the Public Warrants is not effective by the sixtieth (60th) business day after the closing of a Business Combination, Public Warrant holders may, until such time as there is an effective registration statement and during any period when the Company will have failed to maintain an effective registration statement (other than any such period as may be necessary in connection with the preparation and filing of a post-effective amendment to any registration statement following the filing of the Company’s Annual Report on Form 10-K for its first completed fiscal year following the consummation of a Business Combination), exercise Public Warrants on a “cashless basis” in accordance with Section 3(a)(9) of the Securities Act or another exemption. Notwithstanding the above, if Class A ordinary shares are at the time of any exercise of a Public Warrant not listed on a national securities exchange such that they satisfy the definition of a “covered security” under Section 18(b)(1) of the Securities Act, the Company may, at its option, require holders of Public Warrants who exercise their Public Warrants to do so on a “cashless basis” in accordance with Section 3(a)(9) of the Securities Act and, in the event the Company so elects, the Company will not be required to file or maintain in effect a registration statement, and in the event the Company does not so elect, the Company will use its commercially reasonable efforts to register or qualify the shares under applicable blue sky laws to the extent an exemption is not available. Redemption of Public Warrants when the price per Class A ordinary share equals or exceeds $18.00 - ● in whole and not in part; ● at a price of $0.01 per Public Warrant; ● upon not less than 30 days ’ prior written notice of redemption to each Public Warrant holder; and ● if, and only if, the last reported sale price of the Class A ordinary shares for any 20 trading days within a 30 -trading day period ending on the third trading day prior to the date on which the Company sends the notice of redemption to the Public Warrant holders (the “Reference Value”) equals or exceeds $18.00 per share (as adjusted for share sub-divisions, share dividends, rights issuances, reorganizations, recapitalizations and the like). The Company will not redeem the Public Warrants as described above unless a registration statement under the Securities Act covering the issuance of the Class A ordinary shares issuable upon exercise of the Public Warrants is then effective and a current prospectus relating to those Class A ordinary shares is available throughout the 30-day redemption period. If and when the Public Warrants become redeemable by the Company, the Company may exercise its redemption right even if the Company is unable to register or qualify the underlying securities for sale under all applicable state securities laws. Redemption of Public Warrants when the price per Class A ordinary share equals or exceeds $10.00 - ● in whole and not in part; ● at $0.10 per Public Warrant upon a minimum of 30 days ’ prior written notice of redemption provided that holders will be able to exercise their Public Warrants on a cashless basis prior to redemption and receive that number of shares determined by reference based on the redemption date and the fair market value of the Class A ordinary shares, subject to certain exceptions; ● if, and only if, the Reference Value equals or exceeds $10.00 per share (as adjusted for share sub-divisions, share dividends, rights issuances, reorganizations, recapitalizations and the like); and ● if the Reference Value is less than $18.00 per share (as adjusted for share sub-divisions, share dividends, rights issuances, reorganizations, recapitalizations and the like), the Private Placement Warrants must also be concurrently called for redemption on the same terms as the outstanding Public Warrants, as described above. The fair market value of the Company’s Class A ordinary shares shall mean the volume weighted average price of the Class A ordinary shares during the 10 trading days ending on the third trading day prior to the date on which the notice of redemption is sent to the holders of Public Warrants. The Company will provide its Public Warrant holders with the final fair market value no later than the date on which the notice of redemption is sent to the holders of Public Warrants. In no event will the Public Warrants be exercisable in connection with this redemption feature for more than 0.361 Class A ordinary shares per Public Warrant (subject to adjustment). In addition, if (x) the Company issues additional ordinary shares or equity-linked securities for capital raising purposes in connection with the closing of a Business Combination at an issue price or effective issue price of less than $9.20 per ordinary share (with such issue price or effective issue price to be determined in good faith by the Company’s board of directors and, in the case of any such issuance to the Previous Sponsor or its affiliates, without taking into account any Founder Shares held by the Previous Sponsor or such affiliates, as applicable, prior to such issuance) (the “Newly Issued Price”), (y) the aggregate gross proceeds from such issuances represent more than 60% of the total equity proceeds, and interest thereon, available for the funding of a Business Combination on the date of the completion of a Business Combination (net of redemptions), and (z) the volume weighted average trading price of the Class A ordinary shares during the 20 trading day period starting on the trading day prior to the day on which the Company consummates a Business Combination (such price, the “Market Value”) is below $9.20 per share, the exercise price of the Public Warrants will be adjusted (to the nearest cent) to be equal to 115% of the higher of the Market Value and the Newly Issued Price, the $18.00 per share redemption trigger price described above under “— Redemption of Public Warrants when the price per Class A ordinary share equals or exceeds $18.00” and “— Redemption of Public Warrants when the price per Class A ordinary share equals or exceeds $10.00” will be adjusted (to the nearest cent) to be equal to 180% of the higher of the Market Value and the Newly Issued Price, and the $10.00 per share redemption trigger price described above under “— Redemption of Public Warrants when the price per Class A ordinary share equals or exceeds $10.00” will be adjusted (to the nearest cent) to be equal to the higher of the Market Value and the Newly Issued Price. The Private Placement Warrants are identical to the Public Warrants, except that the Private Placement Warrants and the Class A ordinary shares issuable upon the exercise of the Private Placement Warrants will not be transferable, assignable or salable until 30 days after the completion of a Business Combination, subject to certain limited exceptions. Additionally, the Private Placement Warrants will be exercisable on a cashless basis and be non-redeemable so long as they are held by the Previous Sponsor or its permitted transferees. If the Private Placement Warrants are held by someone other than the Previous Sponsor or its permitted transferees, the Private Placement Warrants will be redeemable by the Company and exercisable by such holders on the same basis as the Public Warrants. At June 30, 2023 and December 31, 2022, there were 5,000,000 Public Warrants and 3,225,000 Private Placement Warrants outstanding. The Company accounts for the Public Warrants and Private Placement Warrants in accordance with the guidance contained in ASC 815. Such guidance provides that because the warrants do not meet the criteria for equity treatment thereunder, each warrant must be recorded as a liability. The accounting treatment of derivative financial instruments required that the Company record the warrants as derivative liabilities at fair value upon the closing of the Initial Public Offering. The Public Warrants were allocated a portion of the proceeds from the issuance of the Units equal to their fair value. The warrant liabilities are subject to re-measurement at each balance sheet date. With each such re-measurement, the warrant liabilities are adjusted to current fair value, with the change in fair value recognized in the Company’s unaudited condensed statements of operations. The Company will reassess the classification at each balance sheet date. If the classification changes as a result of events during the period, the warrants will be reclassified as of the date of the event that causes the reclassification. Refer to Note 9 for additional information on the fair value measurements of these warrants.

SHAREHOLDERS' DEFICIT

SHAREHOLDERS' DEFICIT	6 Months Ended
	Jun. 30, 2023
SHAREHOLDERS' DEFICIT
SHAREHOLDERS' DEFICIT	NOTE 8. SHAREHOLDERS’ DEFICIT Preferred shares Class A ordinary shares one for one Class B ordinary shares one for one issued outstanding, respectively Class A ordinary shareholders and Class B ordinary shareholders of record are entitled to one vote for each share held on all matters to be voted on by shareholders and vote together as a single class, except as required by law; provided, that, prior to a Business Combination, holders of the Class B ordinary shares will have the right to appoint all of the Company’s directors and remove members of the board of directors for any reason, and holders of the Class A ordinary shares will not be entitled to vote on the appointment of directors during such time. The Class B ordinary shares will automatically convert into Class A ordinary shares at the time of a Business Combination, or earlier at the option of the holder, on a one-for-one basis, subject to adjustment for share sub-divisions, share dividends, rights issuances, reorganizations, recapitalizations and the like, and subject to further adjustment. In the case that additional Class A ordinary shares, or equity-linked securities, are issued or deemed issued in excess of the amounts issued in the Initial Public Offering and related to the closing of a Business Combination, the ratio at which the Class B ordinary shares will convert into Class A ordinary shares will be adjusted (unless the holders of a majority of the issued and outstanding Class B ordinary shares agree to waive such anti-dilution adjustment with respect to any such issuance or deemed issuance) so that the number of Class A ordinary shares issuable upon conversion of all Class B ordinary shares will equal, in the aggregate, on an as-converted basis, 20% of the sum of all ordinary shares issued and outstanding upon the completion of the Initial Public Offering plus all Class A ordinary shares and equity-linked securities issued or deemed issued in connection with a Business Combination, excluding any shares or equity-linked securities issued, or to be issued, to any seller in a Business Combination.

FAIR VALUE MEASUREMENT

FAIR VALUE MEASUREMENT	6 Months Ended
	Jun. 30, 2023
FAIR VALUE MEASUREMENT
FAIR VALUE MEASUREMENT	NOTE 9. FAIR VALUE MEASUREMENT The following table presents information about the Company’s financial assets and liabilities that are measured at fair value on a recurring basis as of June 30, 2023 and December 31, 2022, respectively, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value: June 30, 2023 (1) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quoted Prices in Active ​ Significant Other Observable ​ Significant Other ​ ​ Markets ​ Inputs ​ Unobservable Inputs Description (Level 1) (Level 2) (Level 3) Liabilities: ​ ​ ​ Warrant liability – Public Warrants ​ $ 750,000 ​ $ — ​ $ — Warrant liability – Private Placement Warrants ​ $ — ​ $ — ​ $ 483,750 ​ December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quoted Prices in Active ​ Significant Other Observable ​ Significant Other ​ ​ Markets ​ Inputs ​ Unobservable Inputs Description (Level 1) (Level 2) (Level 3) Assets: ​ ​ ​ Money market instruments (1) ​ $ 152,348,309 ​ $ — ​ $ — Liabilities: ​ ​ ​ Warrant liability – Public Warrants ​ $ 200,000 ​ $ — ​ $ — Warrant liability – Private Placement Warrants ​ $ — ​ $ — ​ $ 129,000 ​ *As of December 31, 2022, the cost basis of the money market instruments held in Trust Account was $151,739,777 and as of June 30, 2023, all investments held in Trust Account reside in demand deposit account. ​ The Company initially utilized a Monte Carlo simulation model for the initial valuation of the Public Warrants. The subsequent measurement of the Public Warrants as of June 30, 2023 and December 31, 2022 is classified as Level 1 due to the use of an observable market quote in an active market under the ticker MITAW. The quoted price of the Public Warrants was $0.15 and $0.04 per warrant as of June 30, 2023 and December 31, 2022, respectively. The Company utilizes a Modified Black-Scholes method to value the Private Placement Warrants at each reporting period, with changes in fair value recognized in the Company’s unaudited condensed statements of operations. The estimated fair value of the Private Placement Warrants are determined using Level 3 inputs. Inherent in a binomial options pricing model are assumptions related to expected share-price volatility, expected life, risk-free interest rate and dividend yield. The Company estimates the volatility of its ordinary shares based on historical volatility that matches the expected remaining life of the warrants. The risk-free interest rate is based on the U.S. Treasury zero-coupon yield curve on the date of valuation for a maturity similar to the expected remaining life of the warrants. The expected life of the warrants is assumed to be equivalent to their remaining contractual term. The dividend rate is based on the historical rate, which the Company anticipates to remain at zero. Transfers to/from Levels 1, 2, and 3 are recognized at the end of the reporting periods. The estimated fair value of the Public Warrants transferred from a Level 3 measurement to a Level 1 fair value measurement after the Public Warrants were separately listed and traded. The following table provides the significant inputs to the Modified Black-Scholes method for the fair value of the Private Placement Warrants: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of June 30, ​ As of December 31, ​ 2023 2022 Stock price ​ $ 11.50 ​ $ 10.04 ​ Exercise price ​ $ 10.44 ​ $ 11.50 ​ Expected term (in years) ​ ​ 5.99 ​ ​ 5.48 ​ Volatility (*) ​ ​ 5.2 % ​ 0.5 % Risk-free rate ​ ​ 4.0 % ​ 3.98 % Fair value of warrants ​ $ 0.15 ​ $ 0.04 ​ * The probability of completing a Business Combination is considered within the volatility implied by the traded price of the Public Warrants which is used to value the Private Placement Warrants. ​ The following table presents the changes in the fair value of the Company’s Level 3 financial instruments that are measured at fair value: ​ ​ ​ ​ ​ Balance as of December 31, 2022 - Level 3 ​ $ 129,000 Change in fair value of derivative warrant liabilities - Private Warrants ​ ​ 225,750 Balance as of March 31, 2023 - Level 3 ​ ​ 354,750 Change in fair value of derivative warrant liabilities - Private Warrants ​ ​ 129,000 Balance as of June 30, 2023 - Level 3 ​ $ 483,750 ​ The Company recognized losses in connection with changes in the fair value of warrant liabilities of $329,000 and $904,750 within change in fair value of warrant liabilities in the Company’s condensed statements of operations for the three and six months ended June 30, 2023, respectively. ​ During the three and six months ended June 30, 2022, the Company recognized gains in connection with changes in the fair value of warrant liabilities of $2,056,250 and $6,036,500 within change in fair value of warrant liabilities in the Company’s condensed statements of operations, respectively.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2023
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	NOTE 10. SUBSEQUENT EVENTS The Company evaluated subsequent events and transactions that occurred after the balance sheet date up to the date that the unaudited condensed financial statements were issued. Based upon this review, the Company did not identify any subsequent events that required adjustment or disclosure in the unaudited condensed financial statements, except as noted below. ​ On July 25, 2023, the New Sponsor contributed another $100,000, for an aggregate outstanding amount of $200,000 under the Convertible Note, into the Trust Account. ​ On July 25, 2023, the Company entered into a new administrative support agreement with the New Sponsor, pursuant to which the Company agreed to pay the New Sponsor or an affiliate of the New Sponsor a total of $10,000 per month for administrative, financial and support services. Upon the completion of a Business Combination, the Company will cease paying these monthly fees. ​

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2023
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Presentation	Basis of Presentation The accompanying financial statements are presented in conformity with accounting principles generally accepted in the United States of America (“GAAP”) and pursuant to the rules and regulations of the SEC. Certain information or footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial reporting. Accordingly, they do not include all the information and footnotes necessary for a comprehensive presentation of financial position, results of operations, or cash flows. In the opinion of management, the accompanying unaudited condensed financial statements include all adjustments, consisting of a normal recurring nature, which are necessary for a fair presentation of the financial position, operating results and cash flows for the periods presented. The accompanying unaudited condensed financial statements should be read in conjunction with the Company’s Form 10-K as filed with the SEC on April 17, 2023. The interim results for the three and six months ended June 30, 2023 are not necessarily indicative of the results to be expected for the year ending December 31, 2023 or for any future periods.
Emerging Growth Company	Emerging Growth Company The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the independent registered public accounting firm attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved. The Company has elected to implement the aforementioned exemptions. Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s condensed financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used.
Use of Estimates	Use of Estimates The preparation of unaudited condensed financial statements in conformity with GAAP requires the Company’s 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 unaudited condensed financial statements and the reported amounts of expenses during the reporting period. 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 unaudited 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 from those estimates. The initial valuation of the Public Warrants (as defined in Note 3) and the recurring valuation of the Private Placement Warrants required management to exercise significant judgment in its estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The Company did not have any cash equivalents as of June 30, 2023 and December 31, 2022.
Investments Held in Trust Account	Investments Held in Trust Account Until June 27, 2023, when the Company moved its trust account out of investment in securities and into an interest-bearing bank deposit account in order to mitigate the risk of being deemed an unregistered investment company, the Company’s portfolio of investments is comprised of U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act, with a maturity of
Public Shares Subject to Possible Redemption	Public Shares Subject to Possible Redemption All of the outstanding Public Shares contain a redemption feature which allows for the redemption of such shares in connection with the Company’s liquidation, if there is a shareholder vote or tender offer in connection with a Business Combination and in connection with certain amendments to the Amended and Restated Memorandum and Articles of Association. In accordance with SEC and its staff’s guidance on redeemable equity instruments, which has been codified in ASC 480, redemption provisions not solely within the control of the Company require ordinary shares subject to redemption to be classified outside of permanent equity. Therefore, the carrying value of all Public Shares have been classified outside of permanent equity. ​ The Company recognizes changes in redemption value immediately as they occur and adjusts the carrying value of Public Shares to equal the redemption value at the end of each reporting period. Increases or decreases in the carrying amount of Public Shares are affected by charges against additional paid in capital and accumulated deficit. As of June 30, 2023 and December 31, 2022, the carrying value of Public Shares reflected in the unaudited condensed balance sheets are reconciled in the following table: ​ ​ ​ ​ ​ Public Shares subject to possible redemption as of December 31, 2022 ​ $ 152,348,535 Plus: ​ Remeasurement of carrying value to redemption value ​ 1,721,897 Public Shares subject to possible redemption - March 31, 2023 ​ 154,070,432 Plus: ​ ​ Waiver of Public Shares issuance costs ​ ​ 5,349,375 Increase in redemption value of Public Shares subject to redemption due to extension ​ ​ 100,000 Less: ​ ​ ​ Redemption of Public Shares ​ ​ (94,696,372) Remeasurement of carrying value to redemption value ​ (3,542,358) Public Shares subject to possible redemption - June 30, 2023 ​ $ 61,281,077
Warrant Liabilities	Warrant Liabilities The Company accounts for warrants as either equity-classified or liability-classified instruments based on an assessment of the warrant’s specific terms and applicable authoritative guidance in ASC 480 and ASC 815, Derivatives and Hedging For issued or modified warrants that meet all of the criteria for equity classification, the warrants are required to be recorded as a component of additional paid-in capital at the time of issuance. For issued or modified warrants that do not meet all the criteria for equity classification, the warrants are required to be recorded as liabilities at their initial fair value on the date of issuance, and at each balance sheet date thereafter. Changes in the estimated fair value of the liability-classified warrants are recognized as a non-cash gain or loss on the statements of operations. The initial estimated fair value of the Public Warrants was measured using a Monte Carlo simulation approach. The initial and subsequent fair value estimates of the Private Placement Warrants is measured using a Modified Black-Scholes option pricing model (see Note 9).
Convertible Note Payable - Related Party	Convertible Note Payable – Related Party In connection with the Contribution and advances the New Sponsor may make in the future to the Company for working capital expenses, on June 22, 2023, the Company issued a Convertible Note to the New Sponsor with a principal amount up to $1.5 million (see Note 5). Upon the consummation of the Company’s initial Business Combination, the outstanding principal of the Convertible Note may be converted into warrants, at a price of $1.50 per warrant, at the option of the New Sponsor. Such warrants will have terms identical to the Private Placement Warrants. As of June 30, 2023, the Company had $100,000 outstanding under the Convertible Note. The option to convert the Convertible Note into warrants qualifies as an embedded derivative under ASC 815 and is required to be recognized at fair value with subsequent changes in fair value recognized in Company’s statements of operations each reporting period until the Convertible Note is repaid or converted. As of the funding date and June 30, 2023, the fair value of the embedded conversion option had a de minimis value.
Offering Costs Associated with the Initial Public Offering	Offering Costs Associated with the Initial Public Offering The Company complies with the requirements of ASC Topic 340, Other Assets and Deferred Costs Expenses of Offering
Income Taxes	Income Taxes The Company accounts for income taxes under ASC Topic 740, Income Taxes ASC 740 also clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s condensed financial statements and prescribes a recognition threshold and measurement process for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. ASC 740 also provides guidance on derecognition, classification, interest and penalties, accounting in an interim period, disclosure and transition. Based on the Company’s evaluation, it has been concluded that there are no significant uncertain tax positions requiring recognition in the Company’s unaudited condensed financial statements. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. There were no unrecognized tax benefits and no amounts accrued for interest and penalties as of June 30, 2023 and December 31, 2022. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company is considered an exempted Cayman Islands Company and is presently not subject to income taxes or income tax filing requirements in the Cayman Islands or the United States. Consequently, income taxes are not reflected in the Company’s unaudited condensed financial statements.
Net Income Per Ordinary Share	Net Income Per Ordinary Share The Company complies with accounting and disclosure requirements of ASC 260, Earnings Per Share The following table reflects the calculation of basic and diluted net income per ordinary share (in dollars, except per share amounts): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended June 30, ​ ​ 2023 ​ 2022 ​ ​ ​ ​ Class B and non- ​ ​ ​ Class B and non- ​ Public Shares redeemable Class A Public Shares redeemable Class A Basic and diluted net income per common share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Numerator: ​ ​ ​ ​ ​ ​ Allocation of net income ​ $ 1,075,316 ​ $ 286,032 ​ $ 1,581,573 ​ $ 395,393 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Denominator: ​ ​ ​ ​ Basic and diluted weighted average common shares outstanding ​ 14,097,844 ​ 3,750,000 ​ 15,000,000 ​ 3,750,000 Basic and diluted net income per common share ​ $ 0.08 ​ $ 0.08 ​ $ 0.11 ​ $ 0.11 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the six months ended June 30, ​ ​ 2023 ​ 2022 ​ ​ ​ ​ Class B and non- ​ ​ ​ Class B and non- ​ ​ Public Shares redeemable Class A Public Shares redeemable Class A Basic and diluted net income per common share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Numerator: ​ ​ ​ ​ ​ ​ Allocation of net income ​ $ 1,637,868 ​ $ 422,235 ​ $ 4,546,966 ​ $ 1,136,741 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Denominator: ​ ​ ​ ​ Basic and diluted weighted average common shares outstanding ​ 14,546,430 ​ 3,750,000 ​ 15,000,000 ​ 3,750,000 Basic and diluted net income per common share ​ $ 0.11 ​ $ 0.11 ​ $ 0.30 ​ $ 0.30
Concentration of Credit Risk	Concentration of Credit Risk 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 of $250,000. The Company has not experienced losses on this account and management believes the Company is not exposed to significant risks on such account.
Fair Value of Financial Instruments	Fair Value of Financial Instruments The Company applies ASC Topic 820, Fair Value Measurement The carrying amounts reflected in the unaudited condensed balance sheets for cash, prepaid expenses and other current assets, and accounts payable and accrued expenses approximate fair value due to their short-term nature. ● Level 1 — Assets and liabilities with unadjusted, quoted prices listed on active market exchanges. Inputs to the fair value measurement are observable inputs, such as quoted prices in active markets for identical assets or liabilities. ● Level 2 — Inputs to the fair value measurement are determined using prices for recently traded assets and liabilities with similar underlying terms, as well as direct or indirect observable inputs, such as interest rates and yield curves that are observable at commonly quoted intervals. ● Level 3 — Inputs to the fair value measurement are unobservable inputs, such as estimates, assumptions, and valuation techniques when little or no market data exists for the assets or liabilities. See Note 9 for additional information on assets and liabilities measured at fair value.
Recent Accounting Standards	Recent Accounting Standards Management does not believe that any recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on the Company’s unaudited condensed financial statements.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Jun. 30, 2023
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Schedule of reconciliation of public shares reflected in the unaudited condensed balance sheets	​ ​ ​ ​ ​ Public Shares subject to possible redemption as of December 31, 2022 ​ $ 152,348,535 Plus: ​ Remeasurement of carrying value to redemption value ​ 1,721,897 Public Shares subject to possible redemption - March 31, 2023 ​ 154,070,432 Plus: ​ ​ Waiver of Public Shares issuance costs ​ ​ 5,349,375 Increase in redemption value of Public Shares subject to redemption due to extension ​ ​ 100,000 Less: ​ ​ ​ Redemption of Public Shares ​ ​ (94,696,372) Remeasurement of carrying value to redemption value ​ (3,542,358) Public Shares subject to possible redemption - June 30, 2023 ​ $ 61,281,077
Schedule of the calculation of basic and diluted net income per ordinary share	The following table reflects the calculation of basic and diluted net income per ordinary share (in dollars, except per share amounts): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the three months ended June 30, ​ ​ 2023 ​ 2022 ​ ​ ​ ​ Class B and non- ​ ​ ​ Class B and non- ​ Public Shares redeemable Class A Public Shares redeemable Class A Basic and diluted net income per common share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Numerator: ​ ​ ​ ​ ​ ​ Allocation of net income ​ $ 1,075,316 ​ $ 286,032 ​ $ 1,581,573 ​ $ 395,393 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Denominator: ​ ​ ​ ​ Basic and diluted weighted average common shares outstanding ​ 14,097,844 ​ 3,750,000 ​ 15,000,000 ​ 3,750,000 Basic and diluted net income per common share ​ $ 0.08 ​ $ 0.08 ​ $ 0.11 ​ $ 0.11 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the six months ended June 30, ​ ​ 2023 ​ 2022 ​ ​ ​ ​ Class B and non- ​ ​ ​ Class B and non- ​ ​ Public Shares redeemable Class A Public Shares redeemable Class A Basic and diluted net income per common share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Numerator: ​ ​ ​ ​ ​ ​ Allocation of net income ​ $ 1,637,868 ​ $ 422,235 ​ $ 4,546,966 ​ $ 1,136,741 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Denominator: ​ ​ ​ ​ Basic and diluted weighted average common shares outstanding ​ 14,546,430 ​ 3,750,000 ​ 15,000,000 ​ 3,750,000 Basic and diluted net income per common share ​ $ 0.11 ​ $ 0.11 ​ $ 0.30 ​ $ 0.30

FAIR VALUE MEASUREMENT (Tables)

FAIR VALUE MEASUREMENT (Tables)	6 Months Ended
	Jun. 30, 2023
FAIR VALUE MEASUREMENT
Schedule of financial assets that are measured at fair value on a recurring basis	June 30, 2023 (1) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quoted Prices in Active ​ Significant Other Observable ​ Significant Other ​ ​ Markets ​ Inputs ​ Unobservable Inputs Description (Level 1) (Level 2) (Level 3) Liabilities: ​ ​ ​ Warrant liability – Public Warrants ​ $ 750,000 ​ $ — ​ $ — Warrant liability – Private Placement Warrants ​ $ — ​ $ — ​ $ 483,750 ​ December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quoted Prices in Active ​ Significant Other Observable ​ Significant Other ​ ​ Markets ​ Inputs ​ Unobservable Inputs Description (Level 1) (Level 2) (Level 3) Assets: ​ ​ ​ Money market instruments (1) ​ $ 152,348,309 ​ $ — ​ $ — Liabilities: ​ ​ ​ Warrant liability – Public Warrants ​ $ 200,000 ​ $ — ​ $ — Warrant liability – Private Placement Warrants ​ $ — ​ $ — ​ $ 129,000 ​ *As of December 31, 2022, the cost basis of the money market instruments held in Trust Account was $151,739,777 and as of June 30, 2023, all investments held in Trust Account reside in demand deposit account.
Schedule of provides the significant inputs for the fair value of the Public and Private Placement Warrant	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of June 30, ​ As of December 31, ​ 2023 2022 Stock price ​ $ 11.50 ​ $ 10.04 ​ Exercise price ​ $ 10.44 ​ $ 11.50 ​ Expected term (in years) ​ ​ 5.99 ​ ​ 5.48 ​ Volatility (*) ​ ​ 5.2 % ​ 0.5 % Risk-free rate ​ ​ 4.0 % ​ 3.98 % Fair value of warrants ​ $ 0.15 ​ $ 0.04 ​ * The probability of completing a Business Combination is considered within the volatility implied by the traded price of the Public Warrants which is used to value the Private Placement Warrants.
Summary of the changes in the fair value of the Company's Level 3 financial instruments that are measured at fair value on a recurring basis	​ ​ ​ ​ ​ Balance as of December 31, 2022 - Level 3 ​ $ 129,000 Change in fair value of derivative warrant liabilities - Private Warrants ​ ​ 225,750 Balance as of March 31, 2023 - Level 3 ​ ​ 354,750 Change in fair value of derivative warrant liabilities - Private Warrants ​ ​ 129,000 Balance as of June 30, 2023 - Level 3 ​ $ 483,750 ​

DESCRIPTION OF ORGANIZATION A_2

DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS (Details)					3 Months Ended		6 Months Ended
	Jun. 22, 2023 USD ($) $ / shares shares	Jun. 15, 2023 shares	Jun. 12, 2023 USD ($)	Jun. 25, 2021 USD ($) $ / shares shares	Jun. 30, 2023 USD ($) $ / shares shares	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($) item $ / shares shares	Jun. 30, 2022 USD ($)	Jul. 25, 2023 USD ($)	Jun. 23, 2023 USD ($)	Dec. 31, 2022 USD ($) shares	Aug. 06, 2021 shares
DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS
Condition for future business combination number of businesses minimum | item							1
Under writing option period				45 days
Deferred underwriting fee payable											$ 5,625,000
Redemption of shares calculated based on business days prior to consummation of business combination (in days)							2 days
Redemption limit percentage without prior consent							15
Obligation to redeem public shares if entity does not complete a business combination (as a percent)							100%
Threshold business days for redemption of public share							10 days
Cash					$ 0		$ 0				233,036
Working capital deficit							554,505
Accumulated deficit					(1,792,005)		(1,792,005)				$ (5,681,396)
Loss from operations					392,294	$ 283,683	839,687	$ 600,160
Net cash used in operating activities							(273,922)	$ (322,935)
Deposit trust account	$ 100,000
Price per share | $ / shares	$ 0.04
Aggregate shares redeemed	$ 94,696,372						(94,696,372)
Aggregate shares value redeemed | shares	9,121,799
Principal amount					1,500,000		1,500,000
Outstanding amount					100,000		100,000
Convertible Note
DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS
Outstanding amount					$ 100,000		$ 100,000
New Sponsor
DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS
Principal amount	$ 1,500,000
Price per warrant | $ / shares	$ 1.50
Outstanding amount										$ 100,000
New Sponsor | Subsequent Event
DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS
Outstanding amount									$ 100,000
New Sponsor | Convertible Note
DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS
Principal amount	$ 1,500,000
New Sponsor | Convertible Note | Subsequent Event
DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS
Principal amount									100,000
Outstanding amount									$ 200,000
Class B ordinary shares
DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS
Shares subject to forfeiture | shares												562,500
Percentage of issued and outstanding shares after the initial public offering collectively held by initial stockholders							20%
Common shares, shares outstanding | shares					1		1				3,750,000
Founder share
DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS
Common shares, shares outstanding | shares												3,750,000
Founder share | New Sponsor
DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS
Number of shares issued | shares		2,625,000
Initial Public Offering
DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS
Sale of Units, net of underwriting discounts (in shares) | shares				15,000,000
Purchase price, per unit | $ / shares				$ 10	$ 10		$ 10
Proceeds from issuance initial public offering				$ 150,000,000
Payments for investment of cash in trust account				150,000,000
Maximum allowed dissolution expenses							$ 100,000
Transaction costs				9,176,463
Underwriting fees				3,000,000
Deferred underwriting fees			$ 5,625,000	5,625,000
Other offering costs				551,463
Reimbursed from transaction costs				$ 750,000
Price per warrant | $ / shares				$ 11.50
Initial Public Offering | Private Placement Warrants
DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS
Number of warrants to purchase shares issued | shares				3,225,000
Price of warrant | $ / shares				$ 1.50
Aggregate purchase price				$ 4,837,500
Over-allotment option
DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS
Sale of Units, net of underwriting discounts (in shares) | shares				2,250,000
Private Placement Warrants | New Sponsor
DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS
Number of shares issued | shares		2,257,500
Private Placement Warrants | New Sponsor | Convertible Note
DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS
Price per warrant | $ / shares					$ 1.50		$ 1.50

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($)	6 Months Ended
	Jun. 30, 2023	Jun. 23, 2023	Jun. 22, 2023	Dec. 31, 2022
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Unrecognized tax benefits	$ 0			$ 0
Unrecognized tax benefits accrued for interest and penalties	$ 0			$ 0
Anti-dilutive securities attributable to warrants (in shares)	8,225,000
Principal amount	$ 1,500,000
Outstanding amount	100,000
Convertible Note
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Outstanding amount	$ 100,000
New Sponsor
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Principal amount			$ 1,500,000
Price per warrant			$ 1.50
Outstanding amount		$ 100,000
New Sponsor | Convertible Note
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Principal amount			$ 1,500,000
New Sponsor | Convertible Note | Private Placement Warrants
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Price per warrant	$ 1.50

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Reconciliation of Public Shares reflected in the unaudited condensed balance sheets (Details) - USD ($)		3 Months Ended	6 Months Ended
	Jun. 22, 2023	Mar. 31, 2023	Jun. 30, 2023
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Public Shares subject to possible redemption		$ 152,348,535	$ 152,348,535
Plus:
Remeasurement of carrying value to redemption value		1,721,897	(3,542,358)
Waiver of Public Shares issuance costs			5,349,375
Increase in redemption value of Public Shares subject to redemption due to extension			100,000
Less:
Redemption of Public Shares	$ 94,696,372		(94,696,372)
Public Shares subject to possible redemption		$ 154,070,432	$ 61,281,077

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Calculation of basic and diluted net income per ordinary share (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Public Shares
Numerator:
Allocation of net income	$ 1,075,316	$ 1,581,573	$ 1,637,868	$ 4,546,966
Basic, weighted average common shares outstanding	14,097,844	15,000,000	14,546,430	15,000,000
Diluted, weighted average common shares outstanding	14,097,844	15,000,000	14,546,430	15,000,000
Basic net income per common share	$ 0.08	$ 0.11	$ 0.11	$ 0.30
Diluted net income per common share	$ 0.08	$ 0.11	$ 0.11	$ 0.30
Class B and non-redeemable Class A ordinary shares
Numerator:
Allocation of net income	$ 286,032	$ 395,393	$ 422,235	$ 1,136,741
Basic, weighted average common shares outstanding	3,750,000	3,750,000	3,750,000	3,750,000
Diluted, weighted average common shares outstanding	3,750,000	3,750,000	3,750,000	3,750,000
Basic net income per common share	$ 0.08	$ 0.11	$ 0.11	$ 0.30
Diluted net income per common share	$ 0.08	$ 0.11	$ 0.11	$ 0.30

INITIAL PUBLIC OFFERING (Detail

INITIAL PUBLIC OFFERING (Details) - USD ($)	Jun. 25, 2021	Jun. 30, 2023
INITIAL PUBLIC OFFERING
Under writing option period	45 days
Initial Public Offering
INITIAL PUBLIC OFFERING
Number of units sold	15,000,000
Purchase price, per unit	$ 10	$ 10
Gross proceeds	$ 150,000,000
Number of shares in a unit	1
Number of warrants in a unit	0.33
Number of shares issuable per warrant	1
Exercise price of warrants	$ 11.50
Over-allotment option
INITIAL PUBLIC OFFERING
Number of units sold	2,250,000

PRIVATE PLACEMENT (Details)

PRIVATE PLACEMENT (Details) - Private Placement - Private Placement Warrants	6 Months Ended
	Jun. 30, 2023 USD ($) $ / shares shares
PRIVATE PLACEMENT
Number of warrants to purchase shares issued | shares	3,225,000
Price of warrants | $ / shares	$ 1.50
Aggregate purchase price | $	$ 4,837,500
Number of shares per warrant | shares	1
Price per warrant | $ / shares	$ 11.50

RELATED PARTY TRANSACTIONS - Fo

RELATED PARTY TRANSACTIONS - Founder shares (Details)			6 Months Ended
	Jun. 15, 2023 shares	Feb. 17, 2021 USD ($) D $ / shares shares	Jun. 30, 2023 USD ($) $ / shares shares	Jun. 26, 2023 shares	Dec. 31, 2022 shares	Aug. 06, 2021 shares
RELATED PARTY TRANSACTIONS
Threshold period for not to transfer, assign or sell any of their shares or warrants after the completion of the initial business combination			30 days
New Sponsor | Private Placement Warrants
RELATED PARTY TRANSACTIONS
Number of shares issued	2,257,500
Previous Sponsor
RELATED PARTY TRANSACTIONS
Conversion into common stock ratio	1%
Class B ordinary shares
RELATED PARTY TRANSACTIONS
Shares subject to forfeiture						562,500
Common shares, shares outstanding			1		3,750,000
Temporary equity, shares outstanding				3,749,999
Conversion into common stock ratio				1%
Class B ordinary shares | Previous Sponsor
RELATED PARTY TRANSACTIONS
Temporary equity, shares outstanding	3,749,999
Class A ordinary shares | Private Placement Warrants
RELATED PARTY TRANSACTIONS
Common shares, shares outstanding			9,628,200
Temporary equity, shares outstanding				3,749,999
Conversion into common stock ratio				1%
Founder share
RELATED PARTY TRANSACTIONS
Common shares, shares outstanding						3,750,000
Estimated fair value of the founder shares (Per Shares) | $ / shares			$ 5.38
Estimated fair value of the founder shares | $			$ 2,994,491
Excess of the amount paid | $			$ 2,159,708
Founder share | Five anchor investors
RELATED PARTY TRANSACTIONS
Number of units sold			7,440,000
Founder share | One anchor investor
RELATED PARTY TRANSACTIONS
Number of units sold			2,235,000
Founder share | First anchor investor
RELATED PARTY TRANSACTIONS
Number of units sold			1,485,000
Founder share | Second anchor investor
RELATED PARTY TRANSACTIONS
Number of units sold			1,485,000
Founder share | Third anchor investor
RELATED PARTY TRANSACTIONS
Number of units sold			1,485,000
Founder share | Remaining one anchor investor
RELATED PARTY TRANSACTIONS
Number of units sold			750,000
Founder share | New Sponsor
RELATED PARTY TRANSACTIONS
Number of shares issued	2,625,000
Founder share | Sponsor | Non-redeemable Class A ordinary shares
RELATED PARTY TRANSACTIONS
Common shares, shares outstanding			3,749,999
Founder share | Sponsor | Class B ordinary shares
RELATED PARTY TRANSACTIONS
Aggregate purchase price | $		$ 25,000
Number of shares issued		4,312,500
Maximum shares subject to forfeiture		562,500
Percentage of issued and outstanding shares collectively held by initial stockholders		20%
Shares subject to forfeiture						562,500
Common shares, shares outstanding			1			3,750,000
Founder share | Sponsor | Class B ordinary shares | Class A ordinary shares equals or exceeds $12.00 per share
RELATED PARTY TRANSACTIONS
Stock price trigger to transfer, assign or sell any shares or warrants of the company, after the completion of the initial business combination (in dollars per share) | $ / shares		$ 12
Threshold trading days for transfer, assign or sale of shares or warrants, after the completion of the initial business combination | D		20
Threshold consecutive trading days for transfer, assign or sale of shares or warrants, after the completion of the initial business combination | D		30
Threshold period after the business combination in which the 20 trading days within any 30 trading day period commences		150 days
Founder share | Sponsor | Class B ordinary shares | Class A ordinary shares equals or exceeds $18.00 per share
RELATED PARTY TRANSACTIONS
Stock price trigger to transfer, assign or sell any shares or warrants of the company, after the completion of the initial business combination (in dollars per share) | $ / shares		$ 18
Threshold trading days for transfer, assign or sale of shares or warrants, after the completion of the initial business combination | D		20
Threshold consecutive trading days for transfer, assign or sale of shares or warrants, after the completion of the initial business combination | D		30
Threshold period after the business combination in which the 20 trading days within any 30 trading day period commences		75 days
Founder share | Sponsor | Class A ordinary shares
RELATED PARTY TRANSACTIONS
Threshold period for not to transfer, assign or sell any of their shares or warrants after the completion of the initial business combination			1 year

RELATED PARTY TRANSACTIONS - Ad

RELATED PARTY TRANSACTIONS - Additional information (Details) - USD ($)	1 Months Ended		3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2023	Apr. 30, 2023	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Jul. 25, 2023	Jun. 26, 2023	Jun. 23, 2023	Jun. 22, 2023
RELATED PARTY TRANSACTIONS
Principal amount	$ 1,500,000		$ 1,500,000		$ 1,500,000
Outstanding amount	100,000		100,000		100,000
Amount owed							$ 10,000
Convertible Note
RELATED PARTY TRANSACTIONS
Outstanding amount	100,000		$ 100,000		$ 100,000
Previous Sponsor
RELATED PARTY TRANSACTIONS
Advance from related party		$ 50,000					2,058
Repaid to related party	$ 38,828
New Sponsor
RELATED PARTY TRANSACTIONS
Principal amount											$ 1,500,000
Price per warrant											$ 1.50
Outstanding amount										$ 100,000
New Sponsor | Subsequent Event
RELATED PARTY TRANSACTIONS
Outstanding amount								$ 100,000
New Sponsor | Convertible Note
RELATED PARTY TRANSACTIONS
Principal amount											$ 1,500,000
New Sponsor | Convertible Note | Subsequent Event
RELATED PARTY TRANSACTIONS
Principal amount								100,000
Outstanding amount								$ 200,000
New Sponsor | Convertible Note | Private Placement Warrants
RELATED PARTY TRANSACTIONS
Price per warrant	$ 1.50		$ 1.50		$ 1.50
Working capital loans | Previous Sponsor
RELATED PARTY TRANSACTIONS
Repaid to related party	$ 9,114
Administrative Services Agreement
RELATED PARTY TRANSACTIONS
Expenses incurred and paid					$ 30,000
Administrative Services Agreement | Previous Sponsor
RELATED PARTY TRANSACTIONS
Payment Of Related Party Administrative Service Expenses									$ 70,000
Administrative Services Agreement | Sponsor
RELATED PARTY TRANSACTIONS
Expenses per month					10,000
Expenses incurred and paid			$ 30,000	$ 60,000	$ 30,000	$ 60,000
Amount owed							$ 10,000

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details)			3 Months Ended	6 Months Ended
	Jun. 12, 2023 USD ($)	Jun. 25, 2021 USD ($) shares	Jun. 30, 2023 USD ($) item $ / shares	Jun. 30, 2023 USD ($) item $ / shares	Jun. 30, 2022 USD ($)
Maximum number of demands for registration of securities | item			3	3
Under writing option period		45 days
Number of units granted to underwriters | shares		2,250,000
Underwriting discount, per unit | $ / shares			$ 0.20	$ 0.20
Sale of stock underwriting discounts and commissions				$ 3,000,000
Reimbursed payment received from transaction costs				$ 750,000
Deferred fee per unit | $ / shares			$ 0.375	$ 0.375
Deferred underwriting commissions			$ 5,625,000	$ 5,625,000
Extinguishment of deferred underwriting fee allocated to public shares				(1,820,461)	$ (247,367)
Gain from extinguishment of deferred underwriting fee allocated to warrant liabilities			$ 275,625	$ 275,625
Initial Public Offering
Deferred underwriting fees	$ 5,625,000	$ 5,625,000
Extinguishment of deferred underwriting fee allocated to public shares	5,349,375
Gain from extinguishment of deferred underwriting fee allocated to warrant liabilities	$ 275,625

WARRANTS (Details)

WARRANTS (Details)	6 Months Ended
	Jun. 30, 2023 D $ / shares shares	Dec. 31, 2022 shares
WARRANTS
Warrants exercisable term from the completion of business combination	30 days
Warrants exercisable term from the closing of the public offering	12 months
Public Warrants expiration term	5 years
Threshold period for filling registration statement after business combination	15 days
Threshold period for registration statement to be effective after which warrants can be exercised on a cashless basis.	60 days
Threshold trading days for redemption of public warrants	20 days
Common stock, trading days on which fair market value of shares is reported | D	10
Multiplier used in calculating warrant exercise price	0.361
Threshold issue price for capital raising purposes in connection with the closing of a Business Combination | $ / shares	$ 9.20
Percentage of gross proceeds on total equity proceeds	60%
Threshold trading days for calculating Market Value | item | D	20
Adjustment of exercise price of warrants based on market value and newly issued price (as a percent)	180%
Adjustment of exercise price of warrants based on market value (as a percent)	115%
Threshold period for not to transfer, assign or sell any of their shares or warrants after the completion of the initial business combination	30 days
Redemption of warrant price per share equals or exceeds18.00
WARRANTS
Stock price trigger for redemption of public warrants	$ 18
Redemption price per public warrant (in dollars per share)	$ 0.01
Minimum threshold written notice period for redemption of public warrants	30 days
Redemption period	30 days
Redemption of warrant price per share equals or exceeds10.00
WARRANTS
Stock price trigger for redemption of public warrants	$ 10
Redemption price per public warrant (in dollars per share)	$ 0.10
Minimum threshold written notice period for redemption of public warrants	30 days
Public Warrants
WARRANTS
Warrants Issued | shares	5,000,000	5,000,000
Private Warrants
WARRANTS
Warrants Issued | shares	3,225,000	3,225,000

SHAREHOLDERS' DEFICIT - Preferr

SHAREHOLDERS' DEFICIT - Preferred stock shares (Details) - $ / shares	Jun. 30, 2023	Dec. 31, 2022
SHAREHOLDERS' DEFICIT
Preferred shares, shares authorized	5,000,000	5,000,000
Preferred stock, par value, (per share)	$ 0.001	$ 0.001
Preferred shares, shares issued	0	0
Preferred shares, shares outstanding	0	0

SHAREHOLDERS' DEFICIT - Common

SHAREHOLDERS' DEFICIT - Common stock shares (Details)		6 Months Ended
	Jun. 22, 2023 USD ($)	Jun. 30, 2023 USD ($) Vote $ / shares shares	Jun. 26, 2023 shares	Dec. 31, 2022 $ / shares shares	Aug. 06, 2021 shares
SHAREHOLDERS' DEFICIT
Number of Class A common stock issued upon conversion of each share (in shares)		1
Aggregate shares redeemed | $	$ 94,696,372	$ (94,696,372)
Founder share
SHAREHOLDERS' DEFICIT
Common shares, shares outstanding					3,750,000
Common shares, shares outstanding (in shares)					3,750,000
Class A ordinary shares
SHAREHOLDERS' DEFICIT
Common shares, shares authorized (in shares)		500,000,000		500,000,000
Common shares, par value (in dollars per share) | $ / shares		$ 0.001		$ 0.001
Class A ordinary shares | Private Placement Warrants
SHAREHOLDERS' DEFICIT
Conversion into common stock ratio			1%
Common shares, shares outstanding		9,628,200
Temporary equity, shares outstanding			3,749,999
Common shares, shares outstanding (in shares)		9,628,200
Aggregate shares redeemed | $	$ 9,121,799
Public Shares
SHAREHOLDERS' DEFICIT
Temporary equity, shares outstanding		5,878,201		15,000,000
Class A common stock not subject to possible redemption
SHAREHOLDERS' DEFICIT
Common shares, shares outstanding		3,749,999		0
Number of Class A common stock issued upon conversion of each share (in shares)		3,749,999
Common shares, shares issued (in shares)		3,749,999		0
Common shares, shares outstanding (in shares)		3,749,999		0
Class B ordinary shares
SHAREHOLDERS' DEFICIT
Conversion into common stock ratio			1%
Common shares, shares outstanding		1		3,750,000
Temporary equity, shares outstanding			3,749,999
Common shares, shares authorized (in shares)		50,000,000		50,000,000
Common shares, par value (in dollars per share) | $ / shares		$ 0.001		$ 0.001
Common shares, shares issued (in shares)		1		3,750,000
Common shares, shares outstanding (in shares)		1		3,750,000
Common shares, votes per share | Vote		1
Percentage of issued and outstanding shares after the initial public offering collectively held by initial stockholders		20%
Number Of Shares Subject To Forfeiture					562,500

FAIR VALUE MEASUREMENT (Details

FAIR VALUE MEASUREMENT (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Liabilities
Warranty liabilities	$ 1,233,750	$ 329,000
Level 1 | Public Warrants
Liabilities
Warranty liabilities	750,000	200,000
Level 1 | U.S. Treasury Securities | Recurring
Assets:
Assets held in trust account		152,348,309
Level 3 | Private Placement Warrants
Liabilities
Warranty liabilities	$ 483,750	$ 129,000

FAIR VALUE MEASUREMENT - Level

FAIR VALUE MEASUREMENT - Level 3 fair value measurements inputs (Details) - Private Placement Warrants	Jun. 30, 2023 $ / shares Y	Dec. 31, 2022 $ / shares Y
Stock price
FAIR VALUE MEASUREMENT
Derivative Liability, Measurement Input	11.50	10.04
Exercise price
FAIR VALUE MEASUREMENT
Derivative Liability, Measurement Input	10.44	11.50
Expected term (in years)
FAIR VALUE MEASUREMENT
Derivative Liability, Measurement Input | Y	5.99	5.48
Volatility
FAIR VALUE MEASUREMENT
Derivative Liability, Measurement Input	0.052	0.005
Risk-free rate
FAIR VALUE MEASUREMENT
Derivative Liability, Measurement Input	0.040	0.0398
Fair value of warrants
FAIR VALUE MEASUREMENT
Derivative Liability, Measurement Input	0.15	0.04

FAIR VALUE MEASUREMENT - Change

FAIR VALUE MEASUREMENT - Change in the fair value of the warrant liabilities (Details) - Level 3 - USD ($)	3 Months Ended
	Jun. 30, 2023	Mar. 31, 2023
Changes in the fair value of warrants liabilities
Fair value at beginning of period	$ 354,750	$ 129,000
Change in fair value	129,000	225,750
Fair value at ending of period	$ 483,750	$ 354,750

FAIR VALUE MEASUREMENT - Additi

FAIR VALUE MEASUREMENT - Additional information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
FAIR VALUE MEASUREMENT
(loss) (gain) in connection with changes in the fair value of warrant liabilities	$ (329,000)	$ 2,056,250	$ (904,750)	$ 6,036,500
Quoted price of the public warrants	$ 0.15		$ 0.15		$ 0.04
U.S. Treasury Securities | Money Market Instruments
FAIR VALUE MEASUREMENT
Assets held in trust account					$ 151,739,777

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - USD ($)	Jul. 25, 2023	Jun. 30, 2023	Jun. 23, 2023	Jun. 22, 2023
SUBSEQUENT EVENTS
Principal amount		$ 1,500,000
Outstanding amount		100,000
Convertible Note
SUBSEQUENT EVENTS
Outstanding amount		$ 100,000
New Sponsor
SUBSEQUENT EVENTS
Principal amount				$ 1,500,000
Outstanding amount			$ 100,000
New Sponsor | Convertible Note
SUBSEQUENT EVENTS
Principal amount				$ 1,500,000
Subsequent Event | New Sponsor
SUBSEQUENT EVENTS
Outstanding amount	$ 100,000
Subsequent Event | New Sponsor | Administrative support agreement
SUBSEQUENT EVENTS
Payment for affiliate services per month	10,000
Subsequent Event | New Sponsor | Convertible Note
SUBSEQUENT EVENTS
Principal amount	100,000
Outstanding amount	$ 200,000