TortoiseEcofin Acquisition Corp. III Cashflow Statement

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated Statements of Cash Flows

In millions of USD, except per-share amounts

	FY2023 12 months to Dec 31, 2023	FY2022 12 months to Dec 31, 2022	FY2021 11 months to Dec 31, 2021
Cash Flows from Operating Activities:
Net Income
Adjustments to reconcile net income to net cash used in operating activities:
General and administrative expenses paid by Sponsor in exchange for issuance of Class B ordinary shares
General and administrative expenses paid by related party under promissory note
Change in fair value of derivative warrant liabilities
Loss upon issuance of private placement warrants
Offering costs associated with derivative warrant liabilities
Interest income from investments held in Trust Account
Other income attributable to derecognition of deferred underwriting fee allocated to offering costs
Interest expense – debt discount
Interest income from cash and investments held in Trust Account
Changes in operating assets and liabilities:
Prepaid expenses
Due to related party
Accounts payable
Accrued expenses
Deferred legal fees
Net cash used in operating activities
Cash Flows from Investing Activities:
Cash deposited in Trust Account
Extension payment deposit in Trust
Cash withdrawn for redemptions of Class A ordinary shares subject to possible redemption
Net cash provided by investing activities
Cash Flows from Financing Activities:
Issuance of Class B ordinary shares
Repayment of note payable to related party
Proceeds received from initial public offering, gross
Proceeds from promissory note- related party
Offering costs paid
Proceeds from convertible note payable to related parties
Proceeds from loan and transfer agreement
Redemption of ordinary shares
Net cash (used in) provided by operating activities
Net change in cash
Cash - beginning of the period
Cash - end of the period
Cash – beginning of the period
Cash – end of the period
Forfeiture of Class B ordinary shares
Offering costs included in accrued expenses
Offering costs paid by related party under promissory note
Value of Class B ordinary shares transferred to Anchor Investors at Initial Public Offering
Deferred legal fees
Deferred underwriting commissions

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