XML 165 R6.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Condensed Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:        
Net income (loss) $ 548,000 $ 2,332,000 $ 12,707,000
Adjustments to reconcile net income (loss) to net cash used in operating activities:        
Income from cash and investments held in Trust Account (261,000) (2,180,000) (3,419,000) (2,942,000)
Change in fair value of warrant liability 1,435,000 (10,455,000)
Changes in operating assets and liabilities:        
(Increase) decrease in prepaid expenses (8,000) 4,000 102,000 242,000
Increase (decrease) in accounts payable 29,000 (69,000) (52,000) 33,000
Increase in accrued liabilities and other 45,000 17,000 57,000 (60,000)
Net cash used in operating activities (195,000) (245,000) (980,000) (475,000)
Cash flows from investing activities:        
Cash withdrawn from Trust Account     187,475,000
Net cash provided by investing activities     187,475,000
Cash flows from financing activities:        
Redemption of 17,910,004 Class A ordinary shares     (187,475,000)
Payment of deferred offering costs     (107,000)
Cash received from notes payable to related party 275,000 250,000
Net cash provided by financing activities 275,000 (187,225,000) (107,000)
Net change in cash 80,000 (245,000) (730,000) (582,000)
Cash and cash equivalents at beginning of period 14,000 744,000 744,000 1,326,000
Cash and cash equivalents at end of period 94,000 499,000 14,000 744,000
Supplemental disclosure of non-cash financing activities:        
Reduction in deferred underwriting compensation     (3,325,000)
Remeasurement of carrying value to redemption value of Class A ordinary shares subject to redemption $ 261,000 $ 2,180,000 $ 3,419,000 $ 2,942,000