InFinT Acquisition Corp
For the period ended Jun 30, 2024. Filed Aug 16, 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 16, 2024
CURR$1.89-0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Statements of Cash Flows (Unaudited)
CONDENSED STATEMENT OF CASH FLOWS (UNAUDITED)
| For the Six Months Ended June 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net income | $764,153 | $1,720,167 |
| Adjustments to reconcile net income to net cash used in operating activities: | ||
| Interest earned on securities held in Trust Account | (1,660,225) | (2,849,933) |
| Changes in operating assets and liabilities: | ||
| Prepaid insurance | - | 94,553 |
| Accrued expenses | 473,046 | 639,795 |
| Accrued expenses – related party | 72,000 | 60,767 |
| Net cash used in operating activities | (351,026) | (334,651) |
| Cash flows from investing activities: | ||
| Cash withdrawn from Trust Account in connection with redemption | 30,285,815 | 109,309,854 |
| Investment of cash in Trust Account | (560,000) | (1,450,000) |
| Net cash provided by investing activities | 29,725,815 | 107,859,854 |
| Cash flows from financing activities: | ||
| Redemption of Class A ordinary shares | (30,285,815) | (109,309,854) |
| Contribution for extension | 560,000 | 1,450,000 |
| Proceeds from working capital loan- related party | 316,297 | 75,000 |
| Net cash used in financing activities | (29,409,518) | (107,784,854) |
| Net change in cash | (34,729) | (259,651) |
| Cash at beginning of period | 43,509 | 271,467 |
| Cash at end of period | $8,780 | $11,816 |
| Non-cash investing and financing activities: | ||
| Accretion of Class A ordinary shares to redemption value | $1,660,225 | $2,849,933 |
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