Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets

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Condensed Balance Sheets - USD ($)
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash $ 783,064 $ 1,292,907
Prepaid insurance 166,855 222,270
Prepaid expenses 28,884 22,816
Total Current Assets 978,803 1,537,993
Long term prepaid insurance 197,912 197,912
Marketable securities in Trust Account 173,085,155 170,856,457
Total Assets 174,261,870 172,592,362
Current liabilities:    
Accrued expenses 129,502 119,357
Accrued offering costs 85,000 85,716
Total Current Liabilities 214,502 205,073
Deferred underwriting fee payable 5,950,000 5,950,000
TOTAL LIABILITIES 6,164,502 6,155,073
Commitments and Contingencies (Note 6)
Shareholders’ Deficit    
Preferred shares, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding
Additional paid-in capital
Accumulated deficit (3,988,212) (3,563,136)
Total Shareholders’ Deficit (3,987,787) (3,562,711)
Total Liabilities and Shareholders’ Deficit 174,261,870 172,592,362
Class A Ordinary Shares    
Current liabilities:    
Class A Ordinary Shares subject to possible redemption, 17,000,000 shares at redemption value of $10.12 and $10.00 per share at March 31, 2024 and December 31, 2023, respectively 172,085,155 170,000,000
Shareholders’ Deficit    
Ordinary shares value
Class B Ordinary Shares    
Shareholders’ Deficit    
Ordinary shares value [1] $ 425 $ 425
[1] On November 20, 2023, the Company effectuated a share capitalization in the form of a share dividend of approximately 0.15384615 fully paid Class B Ordinary Shares for each Class B Ordinary Share in issue, resulting in the Sponsor holding an aggregate of 4,312,500 Class B Ordinary Shares. On November 24, 2023, as a result of the underwriters’ election to partially exercise their over-allotment option, 62,500 Founder Shares were forfeited resulting in the Sponsor holding 4,250,000 Founder Shares (see Note 5).