Annual report pursuant to Section 13 and 15(d)

STATEMENTS OF CASH FLOWS

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STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flow from operating activities:    
Net income $ 3,907,392 $ 9,891,490
Adjustments to reconcile net income to net cash used in operating activities:    
Income earned on investments in Trust Account (8,808,542) 0
Change in fair value of warrant liabilities (745,840) (8,419,283)
Gain on settlement of deferred underwriting fees (556,743) 0
Interest earned on marketable securities held in Trust Account 0 (3,274,564)
Changes in operating assets and liabilities:    
Prepaid expenses (21,274) 692,444
Accounts payable and accrued expenses 4,943,384 571,407
Deferred credits 400,000 0
Net cash used in operating activities (881,623) (538,506)
Cash flow from investing activities:    
Investment of cash in Trust Account (1,140,000) 0
Cash withdrawn from Trust Account in connection with redemption 145,222,585 0
Net cash provided by investing activities 144,082,585 0
Cash flows from financing activities:    
Proceeds from convertible promissory note - related party 1,445,000 1,050,000
Repayment of promissory note - related party (56,000) 0
Redemption of ordinary shares (145,222,585) 0
Net cash (used in) provided by financing activities (143,833,585) 1,050,000
Net Change in Cash (632,623) 511,494
Cash at the beginning of the period 748,857 237,363
Cash at the end of the period 116,234 748,857
Supplemental Disclosure of Non-Cash Investing and Financing Activities:    
Accretion of Class A ordinary shares subject to possible redemption 9,948,542 3,278,276
Gain on settlement of underwriting fees 9,223,757 0
Shareholder redemption payable $ 249,339 $ 0