Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

v3.24.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2024
Sep. 30, 2023
Cash Flows from Operating Activities:      
Net (loss) income $ (195,976) $ (1,036,605) $ 156,857
Adjustment to reconcile net (loss) income to net cash used in operating activities:      
Interest earned on marketable securities held in Trust Account (229,375) (677,062) (2,641,366)
Interest income - other (2,274) (2,274)  
Changes in operating assets and liabilities:      
Prepaid expenses   36,684 73,484
Accrued expenses   1,013,466 508,696
Due to Non-redeeming Stockholders     471,189
Income taxes payable   (125,903) (369,538)
Net cash used in operating activities   (791,694) (1,800,678)
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Cash withdrawn from Trust Account to pay franchise and income taxes   132,152 1,296,148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   (405,000)  
Cash withdrawn from Trust Account in connection with redemption     93,010,772
Net cash (used in) provided by investing activities   (272,848) 94,306,920
Cash Flows from Financing Activities:      
Payments to Non-redeeming Stockholders     (320,000)
Proceeds from promissory note - related party   871,103 250,000
Redemption of common stock     (93,010,772)
Net cash provided by (used in) financing activities   871,103 (93,080,772)
Net Change in Cash   (193,439) (574,530)
Cash - Beginning of period   200,059 687,471
Cash - End of period $ 6,620 6,620 112,941
Non-cash financing activities:      
Change in value of common stock subject to possible redemption   801,360 1,792,959
Excise taxes on stock redemption     930,108
Supplemental information      
Income taxes paid   $ 440,973 $ 1,089,370