Quarterly report pursuant to Section 13 or 15(d)

CONDENSED STATEMENTS OF CASH FLOWS

v3.23.3
CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:        
Net income $ 14,315 $ 1,343,981 $ 444,533 $ 9,790,293
Adjustments to reconcile net income to net cash used in operating activities:        
Change in fair value of warrant liability 232,000 (928,000) (464,000) (10,208,000)
Interest earned on investments held in Trust Account (775,008) (1,058,397) (3,932,692) (1,396,280)
Changes in current assets and liabilities:        
Prepaid assets     108,130 526,253
Other liabilities     0 395,829
Due to related party     0 30,000
Taxes payable     801,376 232,008
Accrued offering costs and expenses     1,875,901 14,750
Net cash used in operating activities     (1,166,752) (615,147)
Cash flows from investing activities:        
Withdraw from Trust Account to pay taxes     519,000 294,568
Withdraw from Trust Account for redemptions of stock     182,460,109 0
Funding of Trust Account     (1,120,000) 0
Net cash provided by investing activities     181,859,109 294,568
Cash flows from financing activities:        
Redemption of Class A common stock subject to possible redemption     (182,460,109) 0
Proceeds from issuance of promissory note to related party     1,475,719 0
Net cash used in financing activities     (180,984,390) 0
Net change in cash     (292,033) (320,579)
Cash, beginning of the period     1,151,319 1,041,948
Cash, end of the period 859,286 721,369 859,286 721,369
Supplemental disclosure of non-cash financing activities:        
Accretion of carrying value to redemption value $ 1,050,036 $ 796,360 4,100,696 860,040
Excise tax payable attributable to redemption of common stock     $ 1,829,791 $ 0