|
FY2024
12 months to Dec 31, 2024
|
FY2023
12 months to Dec 31, 2023
|
FY2022
12 months to Dec 31, 2022
|
|
|---|---|---|---|
| Cash Flows from Operating Activities: | |||
| Net income | |||
| Adjustments to reconcile net cash used in operating activities: | |||
| Interest earned on investment held in Trust Account | |||
| Changes in operating assets and liabilities: | |||
| Prepaid expenses | |||
| Other receivable | |||
| Accounts payable and accrued expenses | |||
| Income tax payable | |||
| Franchise tax payable | |||
| Net cash used in operating activities | |||
| Purchase of investment held in Trust Account | |||
| Cash deposited in Trust Account | |||
| Cash withdrawn from Trust Account to pay taxes | |||
| Cash withdrawn from Trust Account to pay redeemed public stockholders | |||
| Net cash provided by investing activities | |||
| Cash Flows from Financing Activities: | |||
| Proceeds from sale of public units through public offering | |||
| Proceeds from sale of private placement units | |||
| Repayment of promissory note to related party | |||
| Payment of underwriters’ commissions | |||
| Payment of deferred offering costs | |||
| Payment to redeemed public stockholders | |||
| Proceeds from promissory note- related party | |||
| Net cash used in financing activities | |||
| Net change in cash | |||
| Cash, beginning of the year | |||
| Cash, end of the year | |||
| Supplemental Disclosure of Non-cash Financing Activities | |||
| Initial classification of common stock subject to redemption | |||
| Deferred underwriting fee | |||
| Remeasurement of common stock to redemption value | |||
| Franchise and income taxes paid | |||
| Excise tax payable | |||
| Proceeds from promissory note - DRIVEiT | |||
| Repayment of promissory note to related party |
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