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 ($)
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash Flows from Operating Activities:    
Net income $ 5,541,673 $ 6,936,793
Adjustments to reconcile net income to net cash used in operating activities:    
Interest earned on investment held in Trust Account (6,672,712) (1,543,404)
Transaction costs incurred in connection with Initial Public Offering   1,004,142
Gain from debt forgiven (126,472)  
Unrealized gain on fair value changes of warrants 293,504 (7,154,160)
Changes in current assets and current liabilities:    
Prepaid assets 332,275 (646,740)
Accrued offering costs and expenses 176,805 (717,059)
Due to related parties, net (115,383) 39,767
Net cash used in operating activities (570,310) (2,080,661)
Cash Flows from Investing Activities:    
Purchase of investments held in Trust Account (453,869,227) (665,114,247)
Disposal of investments held in Trust Account 603,619,540 443,622,000
Cash deposited in Trust Account (374,773) (753)
Net cash provided by (used in) investing activities 149,375,540 (221,493,000)
Cash Flows from Financing Activities:    
Proceeds from Initial Public Offering, net of underwriter's fees   216,894,000
Proceeds from private placement   7,379,000
Proceeds from anchor investor   14,272
Proceeds from issuance of promissory note to related party 870,000  
Proceeds from issuance of Working Capital Loan 112,140  
Payment of promissory note   (275,000)
Payment of deferred offering costs   (243,099)
Redemption of Class A ordinary shares 149,750,540  
Net cash (used in) provided by financing activities (148,768,400) 223,769,173
Net Change in Cash 36,830 195,512
Cash - Beginning 288,081 131,912
Cash - Ending 324,911 327,424
Supplemental Disclosure of Non-cash Financing Activities:    
Waiver of deferred underwriting commissions 4,549,028  
Deferred underwriting commissions charged to additional paid in capital   7,675,500
Initial value of Class A common stock subject to possible redemption   192,989,222
Re-measurement of carrying value of Class A ordinary shares subject to possible redemption to redemption value $ 7,047,712 30,047,182
Initial classification of warrant liability   8,988,560
Incentive to anchor investors   $ 10,290,473