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 Flows from Operating Activities:    
Net income $ 6,967,938 $ 9,787,099
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:    
Interest earned on investment held in Trust Account (7,770,553) (3,591,808)
Transaction costs incurred in connection with Initial Public Offering   1,004,142
Unrealized gain on fair value changes of warrants (256,816) (8,181,424)
Gain from debt forgiven (126,472)  
Changes in current assets and current liabilities:    
Prepaid assets 470,394 (496,875)
Accrued offering costs and expenses 82,955 (710,905)
Due to related parties (85,383) 69,767
Net cash used in operating activities (717,937) (2,120,004)
Cash Flows from Investing Activities:    
Purchase of investments held in Trust Account (458,877,047) (888,533,773)
Disposal of investments held in Trust Account 608,627,587 667,041,000
Cash deposited in Trust Account (750,000) (227)
Net cash provided by (used in) investing activities 149,000,540 (221,493,000)
Cash Flows from Financing Activities:    
Proceeds from Initial Public Offering, net of underwriters' 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 1,500,000  
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 (148,250,540) 223,769,173
Net Change in Cash 32,063 156,169
Cash - Beginning 288,081 131,912
Cash - Ending 320,144 288,081
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 $ 8,520,553 32,095,586
Initial classification of warrant liability   8,988,560
Incentive to anchor investors   $ 10,290,473