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Subsequent Events
3 Months Ended
Mar. 31, 2024
Subsequent Events [Abstract]  
Subsequent Events

Note 9 — Subsequent Events

 

The Company evaluated subsequent events and transactions that occurred after the balance sheet date up to the date that the financial statements were issued. Based on the review, management identified the following subsequent event that require disclosure in the financial statements.

 

The Sponsor made a monthly deposit of $20,000 into the Trust Account from April 2024 to July 2024 and extended the period of time the Company has to consummate an initial Business Combination from May 4, 2024 to August 4, 2024.

 

On April 23, 2024, Del Mar Global Advisors Limited agreed to loan the Company $900,000, to be used to fund the extension of the Company, transaction costs related to the Business Combination, and other operational expenses of the Company (the “Del Mar Promissory Note”). The Del Mar Promissory Note is unsecured, interest-free and due upon the consummation of the Company’s business combination.

 

On April 30, 2024, June 4, 2024 and July 3, 2024, the Sponsor loaned the Company $20,000 each time, to be used to fund the extension of the Company. The promissory notes are unsecured, interest-free and due upon the consummation of the Company’s business combination.