Swiftmerge Acquisition Corp
For the period ended Jun 30, 2024. Filed Aug 29, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 29, 2024
ANNA$2.15+5.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Condensed Statements of Cash Flows
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| For the Six Months Ended June 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash Flows from Operating Activities: | ||
| Net (loss) income | $(446,579) | $2,583,055 |
| Adjustments to reconcile net (loss) income to net cash used in operating activities: | ||
| Gain on investments held in Trust Account | (483,863) | (5,014,364) |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses | (42,525) | 234,161 |
| Accounts payable | 349,154 | 1,805,591 |
| Accrued expenses | 161,097 | (100,057) |
| Accrued expenses - related party | 6,000 | 2,600 |
| Net cash used in operating activities | (456,716) | (489,014) |
| Cash Flows from Investing Activities: | ||
| Proceeds from Trust Account for payment to redeeming shareholders | 11,325,822 | 211,918,104 |
| Net cash provided by investing activities | 11,325,822 | 211,918,104 |
| Cash Flows from Financing Activities: | ||
| Payment to redeeming shareholders | (11,325,822) | (211,918,104) |
| Proceeds from Promissory note - related party | 111,000 | — |
| Proceeds from advance from Sponsor | — | 200,000 |
| Proceeds from related party | 200,000 | |
| Net cash used in financing activities | (11,014,822) | (211,718,104) |
| Net Change in Cash | (145,716) | (289,014) |
| Cash - Beginning of period | 148,349 | 461,914 |
| Cash - End of period | $2,633 | $172,900 |
| Non-cash investing and financing activities: | ||
| Shareholder non-redemption agreement | $326,773 | $— |
| Accretion of Class A ordinary shares subject to redemption value | $483,863 | $5,014,364 |
| Conversion of Founder Shares to Class A ordinary shares | $— | $338 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.