Quarterly report pursuant to Section 13 or 15(d)

CONDENSED BALANCE SHEETS (Unaudited)

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CONDENSED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash $ 475,312 $ 364,721
Prepaid expenses 43,716 94,299
Cash held in Trust Account for redemptions 89,302,174
Total current assets 89,821,202 459,020
Cash held in Trust Account 57,973,807 142,069,535
TOTAL ASSETS 147,795,009 142,528,555
Current liabilities:    
Accounts payable 714,345 82,084
Accrued expenses 255,531 292,380
Accrued contingent legal costs 13,051,603 6,449,593
Due to Sponsor 234,652 134,652
Promissory notes - related party 2,031,061 556,091
Derivative liability - promissory note - related party redemption feature 16,175 2,841
Convertible promissory notes - related party 168,100 55,500
Class A ordinary shares tendered for redemption (7,996,024 ordinary shares) 89,302,174
Total current liabilities 105,773,641 7,573,141
Warrant liabilities 4,559,088 569,886
TOTAL LIABILITIES 110,332,729 8,143,027
Class A ordinary shares subject to possible redemption; 5,181,909 and 13,177,933 shares at redemption value of $11.16 per share and $10.77 per share at June 30, 2024 and December 31, 2023, respectively 57,835,865 141,969,535
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 (25,217,286) (12,427,708)
Total Shareholders’ Deficit (20,373,585) (7,584,007)
TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT 147,795,009 142,528,555
Common Class A [Member]    
Shareholders’ Deficit    
Common Stock, Value, Issued
Common Class B [Member]    
Shareholders’ Deficit    
Common Stock, Value, Issued $ 500 $ 500