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 $ 332,337 $ 2,428,020
Adjustments to reconcile net income to net cash used in operating activities:    
Change in fair value of non-redemption agreements derivative liability 3,112,640
Income from investments held in Trust Account (5,823,923) (4,409,987)
Changes in operating assets and liabilities:    
Prepaid expenses 244,688 288,989
Accounts payable 246,013 247,281
Accrued expenses (12,874)
Franchise tax payable (62,082) (23,004)
Income tax payable (113,652) 414,724
Due to related party 90,229 16,944
Net cash used in operating activities (1,973,750) (1,049,907)
Cash Flows from Investing Activities:    
Investment income released from Trust Account to pay for taxes 1,967,481 668,862
Cash withdrawn from Trust Account in connection with redemption 292,501,454
Net cash provided by investing activities 294,468,935 668,862
Cash Flows Provided by Financing Activities:    
Redemption of common stock (292,501,454)
Net cash used in financing activities (292,501,454)
Net change in cash (6,269) (381,045)
Cash - beginning of the period 409,725 790,770
Cash - end of the period 403,456 409,725
Supplemental cash flow information:    
Cash paid for taxes 1,335,000 444,000
Non-cash investing and financing activities:    
Shareholder non-redemption agreement liability $ 3,533,440