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 (loss) income $ (238,124) $ 344,439
Adjustments to reconcile net income to net cash used in operating activities:    
Interest income and realized gain from sale of treasury securities (1,095,369) (2,441,165)
Unrealized loss on fair value changes of warrants 917,200 1,834,400
Changes in current assets and current liabilities:    
Prepaid assets (57,515) 51,127
Accrued offering costs and expenses 110,705 29,330
Due to related parties   30,000
Net cash used in operating activities (363,103) (151,869)
Cash Flows from Investing Activities:    
Purchase of investments held in Trust Account   (225,643,363)
Disposal of investments held in Trust Account   225,644,000
Cash deposited in Trust Account (375,000) (637)
Net cash used in investing activities (375,000)  
Cash Flows from Financing Activities:    
Proceeds from issuance of promissory note to related party 549,999  
Net cash provided by financing activities 549,999  
Net Change in Cash (188,104) (151,869)
Cash - Beginning 320,144 288,081
Cash - Ending 132,040 136,212
Supplemental Disclosure of Non-cash Financing Activities:    
Re-measurement of carrying value of Class A ordinary shares subject to possible redemption to redemption value $ 1,470,369 $ 2,441,165