XML 15 R6.htm IDEA: XBRL DOCUMENT v3.24.1
STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash Flows from Operating Activities:    
Net income $ 2,729,602 $ 18,132,948
Adjustments to reconcile net income to net cash provided by operating activities:    
Accrued dividend on marketable securities held in Trust Account (198,419) (759,525)
Change in fair value of warrant liability 53,450 (16,688,950)
Sponsor capital contribution for non-redemption agreements 934,906  
Changes in operating assets and liabilities:    
Accounts payable and accrued expenses 1,571,909 551,046
Administrative support fee - related party 231,500  
Due to related party (8,317)  
Accrued offering costs   (611,443)
Prepaid expenses 227,594 (227,594)
Net cash provided by operating activities 5,542,225 396,482
Cash Flows from Investing Activities:    
Purchases of marketable securities held in Trust Account (6,509,259) (237,780,570)
Proceeds from marketable securities held in Trust Account 199,982,386 235,156,272
Net cash provided by (used in) investing activities 193,473,127 (2,624,298)
Cash Flows from Financing Activities:    
Payment to Class A common stockholders for redemptions (197,694,657)  
Cash capital contribution from Sponsor 800,000  
Payments made by related party on behalf of the Company   244,550
Receipt of amounts due from related party   83,581
Net cash (used in)provided by financing activities (196,894,657) 328,131
Net Change in Cash 2,120,695 (1,899,685)
Cash - Beginning 50,858 1,950,543
Cash - Ending 2,171,553 50,858
Supplemental disclosure of non-cash financing activities:    
Remeasurement of Class A common stock subject to possible redemption 6,707,678 3,383,823
Trust Account withdrawal for tax payments (2,287,729)  
Excess fair value of Class B common stock transferred by Sponsor 934,906  
Excise tax liability $ 1,976,947  
Gain on waiver of deferred underwriting fee   $ 8,050,000