XML 19 R8.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net income (loss) $ 831,330 $ (144)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Interest earned on marketable securities held in Trust Account (1,504,700)
Changes in operating assets and liabilities:    
Prepaid expenses (19,389)
Short-term prepaid insurance (339,500)
Long-term prepaid insurance (79,217)
Accrued expenses 29,513
Income taxes payable 314,854
Net cash used in operating activities (767,109) (144)
Cash flows from investing activities:    
Investment of cash into Trust Account (115,575,000)
Net cash used in investing activities (115,575,000)
Cash flows from financing activities:    
Proceeds from sale of units, net of underwriting discounts paid 111,550,000
Proceeds from sale of private placement units 6,105,000
Advances from related party 2,249,805
Repayment of advances from related party (2,299,805)
Payment of offering costs (438,795)
Net cash provided by financing activities 117,166,205
Net change in Cash and cash equivalents 824,096 (144)
Cash and cash equivalents – beginning of the period 52,553 2,760
Cash and cash equivalents – end of the period 876,649 2,616
Non-Cash investing and financing activities:    
Issuance of representative shares 3,867,050
Representative warrants deferred offering cost allocation 81,208
Remeasurement of Common Stock subject to possible redemption $ 11,751,163