Annual report pursuant to Section 13 and 15(d)

Statement of Cash Flows

v3.24.1
Statement of Cash Flows
 3 Months Ended
Dec. 31, 2023
USD ($)
Cash Flows from Operating Activities:  
Net income $ 414,496
Formation and operation expenses paid by Sponsor 84,729
Interest earned on marketable securities held in Trust Account (856,457)
Changes in operating assets and liabilities:  
Prepaid expenses (22,816)
Prepaid insurance (420,182)
Accrued expenses 119,357
Net cash used in operating activities (680,873)
Cash Flows from Investing Activities:  
Investment of cash into Trust Account (170,000,000)
Net cash used in investing activities (170,000,000)
Cash Flows from Financing Activities:  
Proceeds from sale of Units, net of underwriting discounts paid 167,450,000
Proceeds from sale of Private Placements Warrants 5,000,000
Repayment of Promissory Note - related party (196,319)
Payment of offering costs (279,901)
Net cash provided by financing activities 171,973,780
Net Change in Cash 1,292,907
Cash - Beginning of period
Cash - End of period 1,292,907
Non-Cash Investing and Financing Activities:  
Offering costs included in accrued offering costs 85,716
Deferred offering costs paid by Sponsor in exchange for issuance of Class B Ordinary Shares 25,000
Promissory note – related party 196,319
Deferred underwriting fee payable 5,950,000
Forfeiture of Founder Shares $ 7