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Financial report summary
?Management Discussion
- Our entire activity since inception up to March 31, 2024, related to our formation, the preparation for the Initial Public Offering, and since the closing of the Initial Public Offering, the search for a prospective initial Business Combination. We will not be generating any operating revenues until the closing and completion of our initial Business Combination.
- For the three months ended March 31, 2024, we had a net loss of approximately $123,000, which consisted of approximately $1.4 million in income from investments held in the trust account, offset by approximately $1,550,000 in general and administrative expenses (of which $30,000 was for administrative expenses for related party).
- For the three months ended March 31, 2023, we had a net income of $2,008,659, which consisted of $2,300,710 in income from investments held in the Trust Account, offset by $292,051 in general and administrative expenses (of which $30,000 was for administrative expenses for related party).