Registration of securities issued in business combination transactions

Consolidated Balance Sheets

v3.24.0.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash $ 39,582 $ 21,548
Prepaid expenses 19,605
Total current assets 39,582 41,153
Cash and investments held in Trust Account 20,179,711 291,525,100
Total Assets 20,219,293 291,566,253
Current liabilities:    
Accounts payable 2,376,876 555,911
Accrued expenses 2,060,102 602,021
Working capital loans – related party 822,500 100,800
Total current liabilities 5,280,408 1,258,732
Deferred legal fees 176,982 176,982
Deferred underwriting commissions 10,062,500
Derivative warrant liabilities 394,000 197,000
Total liabilities 5,851,390 11,695,214
Commitments and Contingencies
Class A ordinary shares subject to possible redemption, $0.0001 par value; 1,872,928 and 28,750,000 shares issued and outstanding at approximately $10.72 and $10.14 per share as of December 31, 2023 and 2022, respectively 20,079,711 291,425,100
Shareholders’ Deficit:    
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding
Total shareholders’ deficit (5,711,808) (11,554,061)
Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption and Shareholders’ Deficit 20,219,293 291,566,253
Class A Ordinary Shares    
Shareholders’ Deficit:    
Ordinary shares value 80 80
Additional paid-in capital 1,418,472
Accumulated deficit (7,131,079) (11,554,860)
Class B Ordinary Shares    
Shareholders’ Deficit:    
Ordinary shares value 719 719
Related Party    
Current liabilities:    
Due to related party $ 20,930