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 ($)
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash Flows from Operating Activities:    
Net income $ 791,102 $ 4,699,686
Adjustments to reconcile net income to net cash used in operating activities:    
Interest earned on investment held in Trust Account (1,638,421) (5,121,773)
Gain from debt forgiven   (126,472)
Change in fair value of warrant liabilities 183,440 (77,045)
Changes in current assets and current liabilities:    
Prepaid assets (23,405) 191,052
Accrued offering costs and expenses 6,969 164,055
Due to related parties (30,000) 60,000
Net cash used in operating activities (710,315) (210,497)
Cash Flows from Investing Activities:    
Purchase of investments held in Trust Account   (453,869,227)
Disposal of investments held in Trust Account 59,395,951 453,869,227
Cash deposited in Trust Account (480,000) 0
Net cash provided by investing activities 58,915,951  
Cash Flows from Financing Activities:    
Proceeds from issuance of promissory note to related party 1,000,000  
Redemption of Class A ordinary shares (59,395,951)  
Net cash used in financing activities (58,395,951)  
Net Change in Cash (190,315) (210,497)
Cash - Beginning 320,144 288,081
Cash - Ending 129,829 77,584
Supplemental Disclosure of Non-cash Financing Activities:    
Re-measurement of carrying value of Class A ordinary shares subject to possible redemption to redemption value $ 2,118,421 5,121,773
Waiver of deferred underwriting commissions   $ 4,549,028