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Cash Held in Trust Account
3 Months Ended
Mar. 31, 2024
Cash and Cash Equivalents [Abstract]  
Cash Held in Trust Account

Note 3 — Cash Held in Trust Account

 

To mitigate the risk that the Company might be deemed to be an investment company for purposes of the Investment Company Act, on September 28, 2023, the Company instructed Wilmington Trust, National Association, the trustee with respect to the Trust Account, to liquidate the investments held in the Trust Account and instead to hold the funds in the Trust Account in cash until the earlier of the consummation of the Company’s initial Business Combination or its liquidation.

 

As of March 31, 2024 and December 31, 2023, assets held in the Trust Account were comprised of $35,231,146 and $34,851,146 in cash, respectively.