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Condensed Statement of Cash Flows (Unaudited)
4 Months Ended
Jun. 30, 2024
USD ($)
Cash Flows from Operating Activities:  
Net income $ 107,218
Adjustments to reconcile net income to net cash used in operating activities:  
Payment of formation costs through promissory note 5,000
Change in fair value of marketable securities (240,830)
Changes in operating assets and liabilities:  
Prepaid expenses (23,150)
Prepaid insurance (262,500)
Deferred legal fee payable 10,000
Accrued expenses 12,149
Net cash used in operating activities (392,113)
Cash Flows from Investing Activities:  
Investment of cash into Trust Account (230,000,000)
Net cash used in investing activities (230,000,000)
Cash Flows from Financing Activities:  
Proceeds from issuance of Class B ordinary shares to Sponsor 25,000
Proceeds from sale of Units, net of underwriting discounts paid 226,000,000
Proceeds from sale of Private Placements Warrants 6,000,000
Proceeds from promissory note - related party 175,000
Repayment of promissory note - related party (180,000)
Payment of offering costs (449,395)
Net cash provided by financing activities 231,570,605
Net Change in Cash 1,178,492
Cash – Beginning of period
Cash – End of period 1,178,492
Non-Cash investing and financing activities:  
Offering costs included in accrued offering costs 113,480
Deferred underwriting fee payable 9,800,000
Deferred legal fee payable $ 110,000