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FY2024
12 months to Dec 31, 2024
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FY2023
12 months to Dec 31, 2023
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FY2022
12 months to Dec 31, 2022
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|---|---|---|---|
| Cash Flows from Operating Activities: | |||
| Net income | |||
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | |||
| Change in fair value of derivative liability | |||
| General and administrative expenses paid by Sponsor in exchange for issuance of Class B ordinary shares | |||
| Fair value of shares issued pursuant to non-redemption agreement | |||
| General and administrative expenses paid by related party under promissory note | |||
| Income from investments held in Trust Account | |||
| Changes in operating assets and liabilities: | |||
| Prepaid expenses | |||
| Accounts payable | |||
| Accrued expenses | |||
| Advances from Webull | |||
| Net cash provided by (used in) operating activities | |||
| Cash Flows from Investing Activities: | |||
| Cash deposited in Trust Account | |||
| Cash withdrawn for redemptions | |||
| Net cash provided by investing activities | |||
| Cash Flows from Financing Activities: | |||
| Proceeds from promissory note | |||
| Repayment of note payable to related party | |||
| Proceeds received from Overfunding Loan | |||
| Proceeds received from initial public offering and over-allotment, gross | |||
| Proceeds received from private placement | |||
| Redemptions of common shares | |||
| Offering costs paid, net of reimbursement from underwriter | |||
| Net cash used in financing activities | |||
| Net change in cash | |||
| Cash—beginning of the year | |||
| Cash—end of the year | |||
| Offering costs included in accrued expenses | |||
| Offering costs included in accounts payable | |||
| Deferred underwriting and advisory fees | |||
| Reversal of previous accrued offering costs |
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