v3.23.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash Flows from Operating Activities:    
Net (loss) income $ (2,146,711) $ 8,680,745
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Change in fair value of derivative warrant liabilities 2,504,864 (7,685,810)
Income from investments held in Trust Account (3,720,218) (1,899,910)
Changes in operating assets and liabilities:    
Prepaid expenses 112,901 411,750
Accounts payable 100,323 (20,974)
Accrued expenses 2,104,442 42,343
Net cash used in operating activities (1,044,399) (471,856)
Cash Flows from Investing Activities:    
Cash withdrawn from Trust Account in connection with redemption 306,691,945
Net cash provided by investing activities 306,691,945
Cash Flows from Financing Activities:    
Non-redemption agreement liability (132,000)
Issuance of Class B ordinary share 10
Advances from related party 140,560
Redemption of common stock (306,691,945)
Net cash used in financing activities (306,683,375)
Net change in cash (1,035,829) (471,856)
Cash - beginning of the period 1,054,581 1,663,104
Cash - end of the period 18,752 1,191,248
Supplemental disclosure of noncash investing and financing activities:    
Remeasurement on Class A ordinary shares subject to possible redemption 3,720,218 1,824,379
Shareholder non-redemption agreement liability 382,243
Related party non-redemption agreement liability 37,657
Redemption payable $ 5,587,383

Source