Financial Performance - The company had a net income of $6,748,069 for the period from March 6, 2023, through December 31, 2023, primarily from dividend income of $7,721,518 on marketable securities[364]. - Cash used in operating activities from inception through December 31, 2023, was $948,006[368]. - The company does not expect to generate operating revenues until after completing a business combination[363]. IPO and Capital Raising - The company completed its IPO on May 30, 2023, raising gross proceeds of $250,000,000 from the sale of 25,000,000 Units at $10.00 per Unit[366]. - Following the IPO, a total of $251,250,000 was placed in the Trust Account, with transaction costs amounting to $18,361,877[367]. - The company may need to raise additional capital to finance working capital or transaction costs related to its initial business combination[373]. Assets and Liabilities - As of December 31, 2023, the company held marketable securities in the Trust Account valued at $258,971,518[369]. - The company has no long-term debt or off-balance sheet arrangements as of December 31, 2023[374]. - The company has identified critical accounting policies that may affect reported amounts of assets and liabilities[377]. Operational Expenses - The company incurred monthly fees of $27,083 to The Venture Collective LLC for services, which will continue until the completion of a business combination or liquidation[375].

Financial Performance - For the three months ended September 30, 2023, the company reported a net income of $2,856,883, primarily from interest earned on marketable securities held in the Trust Account[89]. - From inception on March 6, 2023, through September 30, 2023, the company achieved a net income of $3,681,499, with total interest income of $4,329,480[90]. - The company incurred operating costs of $420,837 for the three months ended September 30, 2023[89]. Initial Public Offering - The company completed its Initial Public Offering on May 30, 2023, raising gross proceeds of $250,000,000 from the sale of 25,000,000 Units[93]. - Following the Initial Public Offering, a total of $251,250,000 was placed in the Trust Account, after incurring transaction costs of $18,361,877[94]. Trust Account and Securities - As of September 30, 2023, the company held marketable securities in the Trust Account valued at $255,579,480, consisting of U.S. government treasury obligations[96]. - The company plans to use substantially all funds in the Trust Account to complete its initial Business Combination and for working capital of the target business[96]. Cash and Operational Expenses - The company had cash of $337,588 available outside the Trust Account for operational expenses and due diligence on potential target businesses[97]. Debt and Capital Needs - The company has no long-term debt or off-balance sheet arrangements as of September 30, 2023[102]. - The company may need to raise additional capital to finance transaction costs related to its initial Business Combination[101].

Financial Performance - The company reported a net income of $830,819 for the three months ended June 30, 2023, primarily from interest earned on marketable securities held in the Trust Account[86]. - Operating costs for the three months ended June 30, 2023, were $228,650, leading to a net income of $830,819 after accounting for interest income[86]. - Cash used in operating activities from inception through June 30, 2023, was $602,933, with net income affected by interest income of $1,059,469[91]. Initial Public Offering - Total gross proceeds from the Initial Public Offering amounted to $250,000,000, with an additional $7,650,000 generated from the sale of Private Placement Warrants[89]. - The company incurred transaction costs of $18,361,877 related to the Initial Public Offering, including $4,400,000 in cash underwriting discounts[90]. Marketable Securities - As of June 30, 2023, the company held marketable securities in the Trust Account valued at $252,309,469[92]. Debt and Financial Obligations - The company has no long-term debt or off-balance sheet arrangements as of June 30, 2023[98]. - Monthly fees of $27,083.33 are payable to The Venture Collective LLC for services until the completion of a Business Combination[99]. Future Capital Needs - The company may need to raise additional capital to finance transaction costs or working capital deficits related to the initial Business Combination[97]. - The company does not expect to generate operating revenues until after the completion of a Business Combination[85].

Financial Performance - The company reported a net loss of $6,203 for the period from March 6, 2023, to March 31, 2023[74]. - There is substantial doubt about the company's ability to continue as a going concern if a Business Combination is not consummated within one year[84]. Initial Public Offering (IPO) - The Initial Public Offering (IPO) generated gross proceeds of $250,000,000 from the sale of 25,000,000 Units at $10.00 per Unit[77]. - An additional $7,650,000 was raised through the sale of 7,650,000 Private Placement Warrants at $1.00 each[77]. - Total funds placed in the Trust Account amounted to $251,250,000, with a per Unit value of $10.05[78]. - Transaction costs incurred during the IPO totaled $18,361,877, including $4,400,000 in cash underwriting discounts[78]. - The underwriters are entitled to a deferred underwriting commission of $13,100,000 upon the completion of the initial Business Combination[87]. Business Combination Plans - The company intends to use substantially all funds in the Trust Account to complete its initial Business Combination[79]. - Monthly fees of $27,083.33 will be paid to The Venture Collective LLC for services until the completion of the Business Combination[86]. Debt and Financial Obligations - The company has no long-term debt or off-balance sheet arrangements as of March 31, 2023[85].