Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows - USD ($)
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash Flows from Operating Activities:    
Net loss $ (2,537,517) $ (1,014,827)
Adjustment to reconcile net loss to net cash used in operating activities:    
Income from cash and investments held in Trust Account (213,773) (1,406,202)
Change in fair value of derivative warrant liabilities 295,500 172,375
Change in fair value of working capital loans - related party 4,540
Stock compensation expense 1,701,444
Changes in operating assets and liabilities:    
Prepaid expenses (63,750) (44,145)
Accounts payable 160,779 (3,225)
Accrued expenses 2,066,296 233,268
Net cash used in operating activities (292,465) (356,772)
Cash Flows from Investing Activities:    
Cash deposited in Trust Account (78,386)
Cash withdrawn from Trust Account in connection with redemption 3,301,573 271,939,156
Net cash provided by investing activities 3,223,187 271,939,156
Cash Flows from Financing Activities:    
Proceeds from issuance of working capital loans to related party 345,000 345,000
Redemption of Ordinary shares (3,301,573) (271,939,156)
Net cash used in financing activities (2,956,573) (271,594,156)
Net change in cash (25,851) (11,772)
Cash - beginning of the period 39,582 21,548
Cash - end of the period $ 13,731 $ 9,776