Annual report pursuant to Section 13 and 15(d)

STATEMENTS OF CASH FLOWS

v3.24.2
STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:    
Net income $ 5,265,974 $ 21,252,998
Interest earned on cash held in Trust Account (9,953,034) (5,075,607)
Interest on working capital loan - related party 27,180  
Changes in fair value of warrant liability 1,260,642 (17,743,846)
Prepaid assets 389,583 48,402
Prepaid Assets non-current assets 0 414,521
Accounts payable 1,753,190 476,923
Net cash used in operating activities (1,256,465) (626,609)
Cash flows from investing activities:    
Cash withdrawn for redemptions 311,471,428  
Investment of cash in Trust Account (1,250,000)  
Net cash provided by investing activities 310,221,428 0
Cash flows from financing activities:    
Proceeds from promissory note 2,319,135  
Redemption of common stock (311,471,428)  
Net cash used in financing activities (309,152,293) 0
Net change in cash (187,330) (626,609)
Cash, beginning of the period 299,149 925,758
Cash, end of period 111,819 299,149
Non-cash investing and financing transactions:    
Change in value of Class A ordinary shares subject to possible redemption $ 11,203,661 $ 0