公共股以赎回价值记录，并根据财务会计准则董事会 (“FASB”) 分类为临时权益。FASB会计准则法典（ASC）ASC主题480，“区分负债和所有者权益”ASC 480公司将在实现首次业务组合后，如果净有形资产至少为$后5,000,001 对首次业务组合的实施进行投票，且投赞同票占多数。如果根据适用法律或证交所要求不需要股东投票，并且公司因业务或其他原因决定不进行股东投票，公司将根据公司在IPO完成后通过的修订和重新发行的公司章程（“修订后的公司章程根据美国证券交易委员会（“SEC”，并在完成初始业务组合前向SEC提交要约收购文件。然而，如果根据法律要求股东批准交易，或公司决定出于业务或其他原因获得股东批准，则公司将在股东大会代理征求意见的同时提供赎回股份，而不是依据要约收购规则。此外，每位公众股东都可以选择赎回他们的公众股份，无论他们是否投票支持或反对拟议交易。如果公司在初始业务组合方面寻求股东批准，上市前股票创始人（“初始股东”）同意投票支持他们的创始人股份（在注5中定义）以及IPO前或后购买的任何公众股份，以支持初始业务组合。此外，最初的股东同意放弃他们的创始人股份和公众股份的赎回权，与完成初始业务组合时相关。此外，公司同意未经出资人事先同意不就初始业务组合达成明确协议。

尽管前述规定，修订后的公司章程规定，一个公众股东及其任何关联公司或任何与其共同行动或作为“集团”（根据《证券交易法》第13条定义）的其他人，将受到限制，不得赎回其股份超过公众股份总数的 15%，未经公司事先同意。

最初的股东将同意不提议修改公司章程（A），以影响公司赎回义务的实质或时间 100% of the Public Shares if the Company does not complete an Initial Business Combination within the time frame described below or (B) with respect to any other material provision relating to the rights of holders of Public Shares or pre-Initial Business Combination activity, unless the Company provides the Public Stockholders with the opportunity to redeem their Public Shares upon approval of any such amendment.

The Company will have only the Combination Period, or until December 16, 2024, to complete the Initial Business Combination.

On July 20, 2023, the Company issued a press release announcing that, on July 21, 2023, the Units would no longer trade, and that the Company’s common stock and rights, which together comprise the Units will commence trading separately. The common stock and rights will be listed on the Nasdaq Global Market and trade with the ticker symbols “ESHA,” and “ESHAR,” respectively. This is a mandatory and automatic separation, and no action was required by the holders of Units.

If the Company is unable to complete an Initial Business Combination within 18 months from the closing of the IPO (the “合并期”), the Company will (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten business days thereafter, redeem the Public Shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest (which interest shall be net of taxes payable, and less up to $100,000 of interest to pay dissolution expenses) divided by the number of then outstanding Public Shares, which redemption will completely extinguish Public Stockholders’ rights as stockholders (including the right to receive further liquidation distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the remaining stockholders and the Board of Directors, dissolve and liquidate, subject in each case to the Company’s obligations under Delaware 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 warrants, which will expire worthless if the Company fails to complete the Initial Business Combination within the Combination Period.

如果公司未能在组合期内完成首次业务组合，则初始股东将不享有关于创始人股份的清算权利。然而，如果初始股东在IPO后收购公开股份，则如果公司未能在组合期内完成首次业务组合，他们将有权从信托账户中获得与这些公开股份相关的清算分配。承销商将同意放弃他们在信托账户中持有的营销费用的权利（参见备注6），如果公司未能在组合期内完成首次业务组合，并且在这种情况下，这些金额将与信托账户中持有的其他资金一起用于赎回公开股份。在进行此类分配时，剩余资产的每股价值（包括信托账户资产）可能仅为$10.15。为了保护信托账户中持有的金额，发起人已同意如果有第三方（除公司独立注册的外部注册会计师以外）因向公司提供服务或出售产品，或与公司签订意向书、保密协议或其他类似协议或业务组合协议（“目标”）而减少信托账户中的资金数额至低于以下任一项的金额时，发起人将对公司负责，即(i) $10.15 每个普通股份的每股金额以及由于信托账户资产价值下降造成的取消信托账户日期的实际每个普通股份的金额，每种情况包括存放在信托账户中并且之前未释放给公司用于支付其特许经营权和所得税的资金所赚取的利息，减去特许经营权和应缴所得税。该责任将不适用于任何由第三方提出的或者签署放弃寻求使用信托账户的任何权利的协议的目标，无论该协议是否可执行，或者根据公司对IPO承销商作出的赔偿协议针对特定责任，包括1933年修正案下的《证券法》下的责任的任何索赔。证券法公司将寻求减少赞助商需赔偿信托账户的可能性，因为债权人提出索赔，着手让所有供应商、服务提供商（公司独立注册的上市会计事务所除外）、未来目标企业或公司业务往来的其他实体与公司签订协议，放弃对存放在信托账户中的任何款项的任何权利、所有权、利益或索赔。

风险和不确定性

管理团队目前正在评估当前全球经济不确定性、不断上升的利率、高通货膨胀、高能源价格、供应链干扰、以色列-哈马斯冲突和俄乌战争（包括因应而施加的任何制裁）的影响，并得出结论，虽然这些事件中的任何一个可能对公司的财务状况、运营结果和/或寻找目标公司产生负面影响，但截至这些未经审计的简明财务报表日期，具体影响尚不容易确定。未经审计的简明财务报表不包括可能因这些不确定性结果而导致的任何调整。公司目前无法完全预测上述事件之一或多个事件的可能性、它们的持续时间或规模，以及它们可能对公司业务及完成首次业务组合的能力产生负面影响的程度。

探讨关注问题 Consideration

截至2024年6月30日，公司现金为168,597美元，营运资本为0美元。1,627,992并且截至2024年6月30日的营运资金为$1,246,833.

在初次业务组合完成之前，公司将使用信托账户之外的资金来识别和评估目标业务，对潜在目标业务进行尽职调查，支付差旅支出，审阅潜在目标业务的公司文件和重要协议，并结构、协商和完成初次业务组合。

为了在初次业务组合中支付交易成本，赞助商或赞助商的关联方，或公司的某些高管和董事可能会但不受义务，向公司提供可能需要的贷款（"c.消除净有形资产测试要求。合并协议第6.1(g)应以以下完全替换:）。如果公司完成了初次业务组合，公司将从释放给公司的信托账户资金的收益中偿还营运资金贷款。否则，运营资金贷款将只能从信托账户之外持有的资金偿还。如果初次业务组合未成交，公司可能会使用部分存放在信托账户之外的收益来偿还运营资金贷款，但不会使用存放在信托账户中的任何收益来偿还运营资金贷款。除上述情况外，如有，有关这些运营资金贷款的条款尚未确定，也没有关于这些贷款的书面协议。运营资金贷款将在初次业务组合完成时无利息地偿还，或者，根据贷款方的自由裁量权，最多可将最多$1.5 万元的运营资金贷款转换为初次业务组合实体的认股权证，转换价格为$1.00 每个认股权证。认股权证将与定向增发认股权证相同。截至2024年6月30日和2023年12月31日，公司在营运资金贷款下没有借款。

在考虑FASb会计准则更新2014-15号《有关实体是否能够持续作为持续经营单位的不确定性披露》，公司已确定如果公司无法在2024年12月16日前完成初始业务组合，那么公司将停止所有业务，仅进行清算。强制清算日期及后续解散的提出显著质疑了公司作为持续经营单位的能力。管理层计划在强制清算日期之前完成初始业务组合。如果公司被要求在2024年12月16日后进行清算，资产或负债的账面价值将不会进行调整。

初始股东同意在初始业务组合完成后的一年或公司完成清算、合并、股票交易或其他类似交易后的日期中较早者之前，不转让、转让或出售任何创始人股份，该交易导致所有公共股东有权将其普通股换取现金、证券或其他财产（"锁定期”).

尽管前述内容，如果A类普通股的最后成交价格等于或超过$12.00 每股（根据拆股、送转、重组、资本重组等进行调整）在初始业务组合后的至少150天公共普通股股东有权将其普通股换取现金、证券或其他财产的交易日内的任何30个交易日期间内任何20个交易日，创始人股将从锁仓中释放。

关联方贷款

赞助商的期票

2021年12月17日并于2023年5月9日修订，赞助商同意根据一份期票向公司贷款高达$300,000 根据期票债务向公司贷款高达$单张债券”). The Note was non-interest bearing, unsecured and due upon the earlier of (x) June 30, 2023 (as amended), and (y) the closing of the IPO. The outstanding balance of $249,560 was repaid at the closing of the IPO on June 16, 2023. As of June 30, 2024 and December 31, 2023, this facility is no longer available.

赞助商应收款项

At the closing of the IPO on June 16, 2023, a portion of the proceeds from the sale of the Private Placement Warrants in the amount of $45,440 was due to the Company to be held outside of the Trust Account for working capital purposes. On June 21, 2023, the Sponsor paid the Company an amount of $30,292 to partially settle the outstanding balance. In July 2023, the Sponsor paid $13,712 expense reimbursements on behalf of the Company. In October and December 2023, the Company paid a total of $24,360 截至2024年6月30日和2023年12月31日，赞助方欠公司未偿金额$13,736 和 $25,796，分别为。

运营资本贷款

此外，为了在初始业务组合交易中支付相关交易成本，赞助方或赞助方的关联公司，或者公司的某些高管和董事可以但不是义务性贷款给公司所需的资金（“c.消除净有形资产测试要求。合并协议第6.1(g)应以以下完全替换:）。如果公司完成了初始业务组合，公司将用托管账户释放给公司的收益偿还营运资金贷款。否则，营运资金贷款将仅从托管账户之外持有的资金偿还。如果初始业务组合未关闭，公司可能会使用托管账户之外的部分收益来偿还营运资金贷款，但不会使用托管账户中的资金。除上述情况外，如果有的话，此类营运资金贷款的条款尚未确定，并且没有关于此类贷款的书面协议。此类营运资金贷款将在完成初始业务组合时无息偿还，或者根据放款人的意愿，最多可将$1.5 百万的这些营运资金贷款中的部分可能按照$的价格转换为后续初始业务组合实体的认股权证1.00 per warrant. The warrants would be identical to the Private Placement Warrants. As of June 30, 2024 and December 31, 2023, the Company had no borrowings under the Working Capital Loans.

行政服务协议

The Company entered into an agreement, commencing on June 13, 2023 through the earlier of consummation of the Initial Business Combination and the Company’s liquidation, to reimburse an affiliate of the Company’s officers $5,000 per month for office space, utilities, secretarial support and other administrative and consulting services.

In addition, the Sponsor, executive officers and directors, or any of their respective affiliates will be reimbursed for any out-of-pocket expenses incurred in connection with activities on the Company’s behalf such as identifying potential partner businesses and performing due diligence on suitable Initial Business Combinations. Any such payments prior to an Initial Business Combination will be made using funds held outside the Trust Account.

For the three and six months ended June 30, 2024, the Company incurred and paid $15,000 和 $30,000 in fees for these services, respectively. For the three and six months ended June 30, 2023, the Company incurred and paid $2,795 在这些服务的费用中。

Holders of the Class b common stock will have the right to appoint all of the Company’s directors prior to an Initial Business Combination. On any other matter submitted to a vote of the Company’s stockholders, holders of the Class A common stock and holders of the Class b common stock will vote together as a single class, except as required by law or stock exchange rule; provided, that the holders of Class b common stock will be entitled to vote as a separate class to increase the authorized number of shares of Class b common stock. Each share of common stock will have 之一 vote on all such matters.

The shares of Class b common stock will automatically convert into shares of the Company’s Class A common stock at the time of the Company’s Initial Business Combination on a one-for-one basis, subject to adjustment for stock splits, stock dividends, reorganizations, recapitalizations and the like, and subject to further adjustment. In the case that additional shares of Class A common stock, or equity-linked securities, are issued or deemed issued in excess of the amounts offered and related to the closing of the Initial Business Combination, the ratio at which shares of Class b common stock shall convert into shares of Class A common stock will be adjusted (unless the holders of a majority of the outstanding shares of Class b common stock agree to waive such adjustment with respect to any such issuance or deemed issuance) so that the number of shares of Class A common stock issuable upon conversion of all shares of Class b common stock will equal, in the aggregate, on an as-converted basis, 20% of the sum of the total number of all shares of common stock outstanding upon the completion of the IPO (excluding the Representative Shares) plus all shares of Class A common stock and equity-linked securities issued or deemed issued in connection with the Initial business Combination (excluding any shares or equity-linked securities issued, or to be issued, to any seller in the Initial Business Combination, any private placement-equivalent warrants issued to the Sponsor or its affiliates upon conversion of loans made to the Company).

权利- 在2024年6月30日和2023年12月31日，还有权利待处理。每个权利持有人将在完成最初业务组合后收到1/10股份的A类普通股。如果公司在完成最初业务组合时不是幸存者，每个权利持有人将被要求转换其权利以便在完成最初业务组合时收到每个权利下的1/10股份（无需支付额外费用）。如果公司无法在规定时间内完成最初业务组合并清算信托账户中持有的资金，则权利持有人将不会收到任何此类资金以换取他们的权利，权利将变得毫无价值。任何权利转换后都不会发行碎股。因此，持有人必须持有10个权利才能在最初业务组合结束时获得一股普通股。 11,500,000 —在2024年6月30日和2023年12月31日，还有权证待处理。没有公开发行的权证在IPO中出售。定向增发权证（包括可行使定向增发权证获得的A类普通股）将在最初业务组合完成后的30天之后，才能转让、让与或出售。

权证—在2024年6月30日和2013年12月31日，还有权证待处理。没有公开发行的权证在IPO中出售。定向增发权证（包括可行使定向增发权证获得的A类普通股）将在最初业务组合完成后的30天之后，才能转让、让与或出售。 7,470,000 定向增发权证（包括可行使定向增发权证获得的A类普通股）将在最初业务组合完成后的30天之后，才能转让、让与或出售。

每份定向增发权证授权注册持有人以每股$价格购买一份A类普通股，购买时间自IPO结束后的12个月或者最初业务组合完成后的30天后开始。定向增发权证将在11.50 每份定向增发权证授权注册持有人以每股$价格购买一份A类普通股，购买时间自IPO结束后的12个月或者最初业务组合完成后的30天后开始。定向增发权证将到期 五个营运部门：猎鹰创意集团、PDP、Sierra Parima、目的地运营和Falcon's Beyond Brands，所有这些板块均为可报告板块。公司的首席营运决策者是执行主席和首席执行官，他们评估财务信息以做出营运决策、评估财务表现和分配资源。营运板块基于产品线组织，对于我们的基于位置的娱乐板块，根据地理位置组织。营运板块的结果包括直接归属于板块的成本，包括项目成本、工资和与工资有关的开支以及与业务板块运营直接相关的间接费用。未分配的企业费用，包括高管、会计、财务、市场营销、人力资源、法律和信息技术支持服务、审计、税收企业法律开支的工资和相关福利，作为未分配的企业开销呈现，成为报告板块的总收入（亏损）和公司未经审计的汇总财务报表结果之间的调节项。完成最初业务组合后，纽约时间下午5点，或在赎回或清算前。

公司已同意，在最快可能情况下，但在最初业务组合结束的后15个工作日内，公司将尽最大努力提交申请，并在最初业务组合结束后60个工作日内使之生效，关于私募认购权证行使后可发行的A类普通股的股票注册声明，并保持这一注册声明的效力，以及关于这些A类普通股的当前招股说明书，直至私募认购权证到期。尽管如上所述，如果公司A类普通股在行使认购权证时不在国家证券交易所上市，以至于它们符合《证券法》第18(b)(1)条下“被覆盖证券”定义，公司可以选择要求行使认购权证的持有人根据《证券法》第3(a)(9)条进行“免款结算”，在公司如此选择的情况下，公司将不需要提交或维持有效的注册声明，但公司将需要尽最大努力根据适用的州蓝天法使股票符合资格，如果豁免不可用。

赎回认购权证。 一旦私募认购权证可行使，公司可以赎回未行使的认购权证:

The Company may not redeem the Private Placement Warrants when a holder may not exercise such warrants. The Company has established the last of the redemption criterion discussed above to prevent a redemption call unless there is at the time of the call a significant premium to the warrant exercise price. If the foregoing conditions are satisfied and the Company issues a notice of redemption of the Private Placement Warrants, each warrant holder will be entitled to exercise his, her or its warrant prior to the scheduled redemption date. However, the price of the Class A common stock may fall below the $18.00 redemption trigger price as well as the $11.50 warrant exercise price (for whole shares) after the redemption notice is issued.

If the Company calls the Private Placement Warrants for redemption as described above, management will have the option to require any holder that wishes to exercise their warrant to do so on a “cashless basis”. In determining whether to require all holders to exercise their Private Placement Warrants on a “cashless basis,” the Company will consider, among other factors, the cash position, the number of Private Placement Warrants that are outstanding and the dilutive effect on the stockholders of issuing the maximum number of shares of Class A common stock issuable upon the exercise of the Private Placement Warrants. If the Company takes advantage of this option, all holders of the Private Placement Warrants would pay the exercise price by surrendering their warrants for that number of shares of Class A common stock equal to the quotient obtained by dividing (x) the product of the number of shares of Class A common stock underlying the warrants, multiplied by the difference between the exercise price of the warrants and the “fair market value” (defined below) by (y) the fair market value. The “fair market value” shall mean the average reported last sale price of the Class A common stock for 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 warrants.

在2024年6月30日和2023年12月31日，信托账户中持有的资产总计$122,205,256 和 $120,000,366 投资于美国国债等货币市场基金，直至2024年6月30日，公司已经取出了$931,000 信托账户赚取的利息收入 用于支付所得税和特许税义务。

下表显示了有关公司资产的信息，这些资产在2024年6月30日和2023年12月31日以重复性计量法进行计量，并指出了公司用来确定该公允价值的估值输入的公允价值层次结构：