Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

v3.24.2.u1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash Flows from Operating Activities:    
Net (loss) income $ (840,629) $ 802,949
Adjustment to reconcile net (loss) income to net cash used in operating activities:    
Interest earned on marketable securities held in Trust Account (447,687) (2,297,875)
Changes in operating assets and liabilities:    
Prepaid expenses (4,966) 25,467
Prepaid income taxes (45,204)  
Accrued expenses 790,518 (125,601)
Due to Non-redeeming Stockholders   480,000
Income taxes payable (142,500) 164,795
Net cash used in operating activities (690,468) (950,265)
Cash Flows from Investing Activities:    
Cash withdrawn from Trust Account to pay franchise and income taxes 132,152 1,296,148
Investment of cash into Trust Account (270,000)  
Cash withdrawn from Trust Account in connection with redemption   93,010,772
Net cash (used in) provided by investing activities (137,848) 94,306,920
Cash Flows from Financing Activities:    
Payments to Non-redeeming Stockholders   (160,000)
Proceeds from promissory note - related party 656,303  
Redemption of common stock   (93,010,772)
Net cash provided by (used in) financing activities 656,303 (93,170,772)
Net Change in Cash (172,013) 185,883
Cash - Beginning of period 200,059 687,471
Cash - End of period 28,046 873,354
Non-cash financing activities:    
Change in value of Class A common stock subject to possible redemption 576,751 1,604,027
Excise taxes on stock redemption   930,108
Supplemental information    
Income taxes paid $ 315,531 $ 465,000