Quarterly report pursuant to Section 13 or 15(d)

CONDENSED STATEMENTS OF CASH FLOWS

v3.24.2.u1
CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2023
Mar. 31, 2023
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Cash Flows from Operating Activities:              
Net (loss)/income $ (2,560,370) $ (2,153,812) $ 2,129,667 $ 2,853,719 $ (4,714,182) $ 4,983,386  
Adjustments to reconcile net income to net cash used in operating activities:              
Interest earned on marketable securities held in Trust Account (637,838)   (2,743,828)   (637,838) (5,204,752)  
Change in fair value of warrant liabilities         2,423,980 (559,380)  
Change in operating assets and liabilities:              
Prepaid expenses         335,677 311,348  
Accounts payable and accrued expenses         2,033,666 309,780  
Deferred credits         186,918 0  
Net cash used in operating activities         (371,780) (159,618)  
Cash Flows from Investing Activities:              
Investment of cash in Trust Account         (900,001) (345,000)  
Cash withdrawn from Trust Account in connection with redemption         249,339 0  
Net cash used in investing activities         (650,661) (345,000)  
Cash Flows from Financing Activities:              
Proceeds from convertible promissory note - related party         1,734,192 0  
Repayment of promissory note - related party         (373,192) 0  
Payment for Class A ordinary shares previously redeemed         (249,339) 0 $ (145,222,585)
Net cash provided by financing activities         1,111,661 0  
Net Change in Cash         89,220 (504,618)  
Cash - Beginning of the period   $ 116,234   $ 748,857 116,234 748,857 748,857
Cash - End of the period $ 205,454   $ 244,239   205,454 244,239 $ 116,234
Non-cash Investing and Financing Activities:              
Accretion of Class A ordinary shares subject to possible redemption         $ 1,537,840 $ 5,204,752