Quarterly report pursuant to Section 13 or 15(d)

CONDENSED BALANCE SHEETS (Unaudited)

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CONDENSED BALANCE SHEETS (Unaudited) - USD ($)
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash $ 25,236 $ 364,721
Prepaid expenses 98,359 94,299
Total current assets 123,595 459,020
Cash held in Trust Account 144,674,516 142,069,535
TOTAL ASSETS 144,798,111 142,528,555
Current liabilities:    
Accounts payable 468,357 82,084
Accrued expenses 387,137 292,380
Accrued contingent legal costs 10,753,535 6,449,593
Due to Sponsor 194,652 134,652
Promissory notes - related party 1,305,157 556,091
Derivative liability - promissory note - related party redemption feature 9,928 2,841
Convertible promissory notes - related party 79,700 55,500
Total current liabilities 13,198,466 7,573,141
Warrant liabilities 2,849,429 569,886
TOTAL LIABILITIES 16,047,895 8,143,027
Class A ordinary shares subject to possible redemption; 13,177,933 shares at redemption value of $10.97 per share and $10.77 per share at March 31, 2024 and December 31, 2023, respectively 144,574,516 141,969,535
Shareholders’ Deficit    
Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued and outstanding
Additional paid-in capital 4,843,201 4,843,201
Accumulated deficit (20,668,001) (12,427,708)
Total Shareholders’ Deficit (15,824,300) (7,584,007)
TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT 144,798,111 142,528,555
Common Class A [Member]    
Shareholders’ Deficit    
Common Stock, Value, Issued
Class B Ordinary Shares [Member]    
Shareholders’ Deficit    
Common Stock, Value, Issued $ 500 $ 500