Annual report pursuant to Section 13 and 15(d)

STATEMENTS OF CASH FLOWS

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STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:    
Net Income (Loss) $ (269,906) $ 11,578,910
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Change in fair value of warrant liability (696,000) (10,672,000)
Interest earned on cash and investments held in Trust Account (4,620,033) (3,378,342)
Changes in current assets and liabilities:    
Prepaid assets 109,957 598,225
Other liabilities (400,000) 400,000
Taxes payable 993,529 655,518
Accrued offering costs and expenses 1,423,458 (3,506)
Net cash used in operating activities (3,458,995) (821,195)
Cash flows from investing activities:    
Funds withdrawn from Trust Account 182,460,109 0
Transfer of extension payment to Trust Account (1,600,000) (2,300,000)
Cash withdrawal from Trust Account to pay taxes 519,000 930,566
Net cash provided by (used in) investing activities 181,379,109 (1,369,434)
Cash flows from financing activities:    
Proceeds from issuance of promissory note to related party 3,855,985 0
Proceeds from issuance of Working Capital loan 0 2,300,000
Funds withdrawn for redemptions (182,460,109) 0
Net cash (used in) provided by financing activities (178,604,124) 2,300,000
Net change in cash and cash equivalents (684,010) 109,371
Cash and cash equivalents, beginning of the year 1,151,319 1,041,948
Cash and cash equivalents, end of the year 467,309 1,151,319
Supplemental disclosure of non-cash financing activities:    
Excise tax payable attributable to redemption of common stock 1,829,791 0
Accretion of carrying value to redemption value 5,082,534 4,685,445
Federal income taxes paid $ 0 $ 0