XML 16 R6.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net income (loss) $ 371,523 $ (183)
Income from investments held in trust account (602,526)
Changes in current assets and liabilities:    
Due to related party 10,000
Prepaid expenses (135,011)
Accrued liabilities 86,977 47
Net cash used in operating activities (269,037) (136)
Cash flows from investing activities:    
Cash deposited into Trust Account (61,200,000)
Net cash used in investing activities (61,200,000)
Cash flows from financing activities:    
Proceeds from sale of ordinary shares 60,000,000
Proceeds from private placement 3,221,664
Payment of underwriter’s discount (1,200,000)
Payments of offering costs (483,918) (65,582)
Net cash provided by (used in) financing activities 61,537,746 (65,582)
Net change in cash 68,709 (65,718)
Cash at beginning of period 47,478 200,000
Cash at end of period 116,187 134,282
Supplemental cash flow information:    
Deferred offering costs included in accrued liabilities 34,307
Reclassification of amount due to related party to promissory note 244,018
Deferred offering costs charged to APIC 2,668,701
Note payable to related party converted to subscription of private placement 444,018
Receivable from the related party for purchase of the private placement 34,318
Allocation of offering costs to ordinary shares subject to redemption 3,781,346
Reclassification of ordinary shares subject to redemption 58,645,200
Remeasurement adjustment on Ordinary Shares subject to possible redemption 6,336,146
Issuance of representative shares at fair value 1,741,500
Forfeiture of ordinary shares $ 23