Annual report pursuant to Section 13 and 15(d)

Balance Sheet

Balance Sheet
Dec. 31, 2023
USD ($)
Current assets:  
Cash $ 1,292,907
Prepaid insurance 222,270
Prepaid expenses 22,816
Total Current Assets 1,537,993
Long term prepaid insurance 197,912
Marketable securities held in Trust Account 170,856,457
Total Assets 172,592,362
Current liabilities:  
Accrued expenses 119,357
Accrued offering costs 85,716
Total Current Liabilities 205,073
Deferred underwriting fee payable 5,950,000
Total Liabilities 6,155,073
Commitments and Contingencies
Class A Ordinary Shares subject to possible redemption, 17,000,000 shares at redemption value of $10.00 per share 170,000,000
Shareholders’ Deficit  
Preferred shares, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding
Additional paid-in capital
Accumulated deficit (3,563,136)
Total Shareholders’ Deficit (3,562,711)
Total Liabilities and Shareholders’ Deficit 172,592,362
Class A Ordinary Shares  
Shareholders’ Deficit  
Ordinary shares value
Class B Ordinary Shares  
Shareholders’ Deficit  
Ordinary shares value $ 425 [1]
[1] On November 20, 2023, the Company effectuated a share capitalization in the form of a share dividend of approximately 0.15384615 fully paid Class B Ordinary Shares for each Class B Ordinary Share in issue, resulting in the Sponsor holding an aggregate of 4,312,500 Class B Ordinary Shares. On November 24, 2023, as a result of the underwriters’ election to partially exercise their over-allotment option, 62,500 Founder Shares were forfeited resulting in the Sponsor holding 4,250,000 Founder Shares (see Note 5).