XML 17 R6.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Condensed Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Cash Flows from Operating Activities:      
Net income $ 442,265 $ 524,743  
Adjustments to reconcile net income to net cash used in operating activities:      
Income earned on Trust Account (787,168) (732,242)  
Changes in current assets and liabilities:      
Prepaid expenses (63,258) (127,673)  
Accrued offering costs and expenses 343,231 99,171  
Due to related party 39,305 2,764  
Net cash used in operating activities (25,625) (233,237)  
Cash Flows from Investing Activities:      
Principal deposited in Trust Account (165,000) (70,242,000)  
Cash withdrawn from Trust Account in connection with redemption 23,302,146  
Net cash provided by (used in) investing activities 23,137,146 (70,242,000)  
Cash Flows from Financing Activities:      
Proceeds from sale of ordinary shares 69,000,000  
Proceeds from issuance of Private Units 4,092,000  
Proceeds from issuance of promissory note to related party 185,000  
Payment of underwriting discount (1,612,500)  
Proceeds from Unit Purchase Option 100  
Redemption of ordinary shares (23,302,146)  
Payment to related party (368,066)  
Payment of offering costs (449,737)  
Net cash (used in) provided by financing activities (23,117,146) 70,661,797  
Net change in cash (5,625) 186,560  
Cash—beginning of the period 15,054
Cash—end of the period 9,429 186,560 $ 15,054
Supplemental disclosure of noncash financing activities:      
Deferred offering costs included in accrued expenses 3,640  
Deferred offering costs paid by related party 13,429  
Deferred offering costs adjusted from prepaid expenses 60  
Deferred offering costs charged to APIC 865,199  
Deferred offering cost related to fair value of Unit Purchase Option net of proceeds 10,681  
Allocation of offering costs to ordinary shares subject to redemption 4,770,382  
Reclassification of ordinary shares subject to redemption 67,274,310  
Remeasurement adjustment on class A common stock subject to possible redemption 165,000 7,737,382  
Subsequent measurement of ordinary shares subject to possible redemption 787,168 732,242  
Deferred underwriting commission charged to APIC $ 2,415,000