Quarterly report pursuant to Section 13 or 15(d)

UNAUDITED CONDENSED STATEMENTS OF CASH FLOWS

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UNAUDITED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash Flows from Operating Activities:    
Net income $ 3,453,000 $ 2,176,769
Adjustments to reconcile net income to net cash used in operating activities:    
Interest earned on investments held in Trust Account (669,170) (3,787,699)
Interest on working capital loan - related party 7,306 0
Debt forgiveness (1,606,901) 0
Change in fair value of warrant liabilities (1,272,819) 1,190,238
Changes in operating assets and liabilities:    
Prepaid expenses 0 42,500
Accounts payable (22,286) 167,506
Net cash used in operating activities (110,870) (210,686)
Cash flows from financing activities:    
Proceeds from promissory note 32,000 0
Net cash used in financing activities 32,000 0
Net Change in Cash (78,870) (210,686)
Cash - Beginning 111,819 299,149
Cash - Ending 32,949 88,463
Non-cash investing and financing transactions:    
Cancellation of private warrants 1,601,513 0
Change in value of Class A ordinary shares subject to possible redemption 669,171 0
Forgivness of due to related parties 3,066,441 0
Operting expense liability assumed by related party $ 669,000 $ 0