Financial Performance - For the three months ended February 28, 2023, the company reported a net income of $483,228, compared to a net loss of $195,550 for the same period in 2022 [102]. - The company incurred formation and operating costs of $301,530 for the three months ended February 28, 2023 [102]. - Interest earned on investments held amounted to $784,758 for the three months ended February 28, 2023 [102]. Initial Public Offering - The company generated gross proceeds of $115,000,000 from its Initial Public Offering of 11,500,000 Units at a price of $10.00 per Unit [103]. Investments and Cash Management - As of February 28, 2023, the company had investments of $32,811,107 held in Trust Accounts, which are intended to be used for the initial business combination [105]. - The company had cash of $207,763 outside of the Trust Accounts as of February 28, 2023, to fund operational activities and due diligence [106]. - Cash used in operating activities for the three months ended February 28, 2023, was $283,530 [104]. Going Concern and Financing - The company is within 12 months of its mandatory liquidation, raising substantial doubt about its ability to continue as a going concern [109]. - The company may need to obtain additional financing to complete its initial business combination or to meet obligations if cash on hand is insufficient [108]. - Up to $1,500,000 of loans from the sponsor may be convertible into units at a price of $10.00 per unit at the lender's option [107].

Financial Performance - The company reported a net income of $826,045 for the year ended November 30, 2022, with interest earned on investments amounting to $1,326,997[57]. - The company reported a net income of $826,045 for the year ended November 30, 2022, compared to a net loss of $4,861 for the period from November 8, 2021, to November 30, 2021[170]. - Basic and diluted net income per ordinary share was $0.06 for the year ended November 30, 2022[170]. - The net income allocable to redeemable Class A ordinary shares for the year ended November 30, 2022, is $826,045, resulting in a basic and diluted net income per share of $0.06[214]. Initial Public Offering (IPO) - The company raised gross proceeds of $115,000,000 from its Initial Public Offering of 11,500,000 Units at a price of $10.00 per Unit on January 20, 2022[58]. - The company raised gross proceeds of $100,000,000 from its Initial Public Offering (IPO) on January 20, 2022[175]. - The total costs associated with the IPO amounted to $8,482,742, including $4,025,000 in deferred underwriting fees[176]. - The company generated gross proceeds of $115,000,000 from the Initial Public Offering by selling 11,500,000 Units at a price of $10.00 per Unit[220]. - The company incurred offering costs of $4,532,887 related to the Initial Public Offering, which were charged to additional paid-in capital[215]. Cash and Investments - As of November 30, 2022, the company had investments of $118,051,997 held in Trust Accounts, intended for the initial business combination[60]. - Cash and marketable securities held in the trust account amounted to $118,051,997 as of November 30, 2022[169]. - As of November 30, 2022, the company had cash of $491,293 outside of the Trust Accounts for operational needs[61]. - Total cash at the end of the period was $491,293, reflecting a net change in cash of $491,293 since inception[172]. - The Trust Account held assets amounting to $118,051,997 as of November 30, 2022[204]. Operating Activities and Costs - Cash used in operating activities for the year ended November 30, 2022, was $664,685[59]. - The company has incurred formation and operating costs of $500,952 for the year ended November 30, 2022[57]. - The company expects to incur significant costs in pursuing acquisition plans and will not generate operating revenues until after completing its initial business combination[194]. - The company has a liquidity risk, as it does not currently have adequate liquidity to sustain operations solely focused on pursuing a Business Combination[194]. Business Combination and Future Plans - The company does not expect to generate any operating revenues until after the completion of its initial business combination[56]. - The company plans to continue efforts to consummate a Business Combination during the Combination Period[44]. - The Company will cease operations and redeem Public Shares if a Business Combination is not completed within 12 to 18 months from the Initial Public Offering[188]. - The holders of Founder Shares have agreed to waive their liquidation rights if the Company fails to complete a Business Combination within the Combination Period[189]. Corporate Governance - The company has a strong commitment to corporate governance, with independent directors serving on key committees[97][102][112]. - The independent directors bring diverse experience from various industries, enhancing corporate governance[97][102][112]. - The audit committee is responsible for reviewing the company's financial reporting processes and the performance of independent auditors[119]. - The compensation committee evaluates officer performance and determines compensation levels based on corporate goals[121]. Management and Team - The management team is led by Tek Che Ng, who has extensive experience in property development and engineering services[83]. - Chow Wing Loke, the Chief Financial Officer, has a background in finance and has held significant roles in various companies, including managing finance for an oil & gas venture[92][93]. Share Structure and Rights - As of February 22, 2023, the company had 3,126,068 publicly-held Class A ordinary shares and 2,875,000 Class B ordinary shares issued and outstanding[135]. - The company is authorized to issue 1,000,000 preference shares with a par value of $0.0001 per share, but as of November 30, 2022, no preference shares were issued or outstanding[236]. - The company can issue 479,000,000 Class A ordinary shares with a par value of $0.0001 per share, with 532,500 Class A ordinary shares issued and outstanding as of November 30, 2022, excluding 11,500,000 shares subject to possible redemption[237]. - The company is authorized to issue 20,000,000 Class B ordinary shares with a par value of $0.0001 per share, with 2,875,000 Class B ordinary shares issued and outstanding as of November 30, 2022[238]. - Only holders of Class B ordinary shares have the right to vote on the election of directors prior to the Business Combination[239]. Risks and Concerns - There is substantial doubt about the company's ability to continue as a going concern due to liquidity issues and the mandatory liquidation requirement within 12 months[64]. - The company has a going concern matter, indicating substantial doubt about its ability to continue operations without completing a business combination[163]. - The company is subject to risks associated with being an early-stage and emerging growth company[173].

Financial Position - Total assets as of August 31, 2022, amounted to $117,860,019, an increase from $105,995 as of November 30, 2021[9] - Total liabilities as of August 31, 2022, were $4,096,199, with current liabilities of $71,199[9] - The company had a total shareholders' deficit of $3,439,499 as of August 31, 2022, compared to a deficit of $4,861 as of November 30, 2021[9] - The company had $656,700 in cash as of August 31, 2022, with no cash equivalents reported[41] - The company had cash of $656,700 outside of the Trust Accounts as of August 31, 2022, to fund operations and evaluate target businesses[97] - The company is authorized to issue 479,000,000 Class A ordinary shares, with 532,500 shares issued and outstanding as of August 31, 2022[74] Income and Expenses - The company reported a net income of $335,699 for the three months ended August 31, 2022, compared to a net income of $176,423 for the nine months ended August 31, 2022[10] - The company incurred formation and operating costs of $52,500 for the three months ended August 31, 2022, leading to a loss from operations of $52,500[10] - The company generated $478,319 in interest income from marketable securities held in the trust account for the nine months ended August 31, 2022[12] - For the three-month period ended August 31, 2022, the company reported a net income of $335,699, consisting of formation and operating costs of $52,500 and interest earned on investments of $388,199[92] - The net income allocable to redeemable Class A ordinary shares for the three months ended August 31, 2022, was $270,957, resulting in a basic and diluted net income per share of $0.02[52] - The net income allocable to Class B ordinary shares for the three months ended August 31, 2022, was $64,742, also resulting in a basic and diluted net income per share of $0.02[52] Cash Flow and Financing - Cash flows from operating activities resulted in a net cash used of $235,558 for the nine months ended August 31, 2022[12] - The company raised gross proceeds of $100,000,000 from its Initial Public Offering on January 20, 2022[15] - The company raised an additional $15,000,000 from the sale of 1,500,000 Option Units at an offering price of $10.00 per Unit[18] - The Company generated gross proceeds of $115,000,000 from the sale of 11,500,000 Units at a purchase price of $10.00 per Unit during the Initial Public Offering[57] - The company completed a private placement of 532,500 units at a purchase price of $10.00 per unit, generating gross proceeds of $5,325,000[58] - The underwriters received a cash underwriting discount of $2,000,000, which could increase to $2,300,000 if the over-allotment option was fully exercised[70] - The underwriters are entitled to a deferred fee of $4,025,000, payable only if the company completes a Business Combination[101] Trust Account and Business Combination - Cash and marketable securities held in the trust account totaled $117,203,319 as of August 31, 2022[9] - A total of $116,725,000 was placed in a Trust Account from the net proceeds of the Initial Public Offering, with an initial value of $10.15 per Unit[19] - The company must complete a Business Combination with a fair market value of at least 80% of the net assets held in the Trust Account[21] - Public Shareholders can redeem their shares for a pro rata portion of the Trust Account, initially anticipated to be $10.15 per share[22] - The company will not redeem Public Shares if it would cause net tangible assets to fall below $5,000,001[23] - If a Business Combination is not completed within 12 to 18 months, the company will redeem Public Shares at the amount in the Trust Account[28] - The company expects to incur significant costs in pursuit of acquisition plans and will not generate operating revenues until after a Business Combination[32] - The company may need to obtain additional financing to complete its initial Business Combination or to meet obligations if cash on hand is insufficient[99] - As of August 31, 2022, the Company had investments of $117,203,319 held in the Trust Accounts, intended for the initial Business Combination[96] Administrative and Compliance Matters - The Company has accrued $70,000 under the Administrative Support Agreement with the Sponsor as of August 31, 2022[66] - The Company is subject to income tax examinations by major taxing authorities since inception, with no significant issues currently under review[44] - There were no unrecognized tax benefits as of August 31, 2022, and no amounts accrued for interest and penalties[44] - The company has not engaged in any unregistered sales of equity securities[112] - The company has not reported any defaults upon senior securities[113] - There have been no changes in internal control over financial reporting that materially affected the company during the fiscal quarter ended August 31, 2022[107] - The company conducted an evaluation of its disclosure controls and procedures, concluding they were effective during the reporting period[106] - There are no legal proceedings currently affecting the company[110] - There have been no material changes to the risk factors disclosed in the prospectus filed on February 10, 2022[111] - The company has not identified any critical accounting policies that could materially affect reported financial results[102]

Financial Position - As of May 31, 2022, total assets amounted to $117,494,320, a significant increase from $105,995 as of November 30, 2021[8] - Cash and marketable securities held in the trust account totaled $116,815,120 as of May 31, 2022[8] - Total liabilities were reported at $4,066,199 as of May 31, 2022, compared to $110,856 as of November 30, 2021[8] - As of May 31, 2022, the Company had $679,200 in cash and no cash equivalents[40] - The Company had cash of $679,200 outside of the Trust Accounts as of May 31, 2022, to fund operations and evaluate target businesses[97] - The Company has no long-term debt or capital lease obligations, only a monthly fee agreement with the Sponsor of up to $10,000[100] Financial Performance - The company reported a net loss of $159,276 for the six months ended May 31, 2022, compared to a net income of $36,274 for the three months ended May 31, 2022[9] - The Company expects to incur significant costs in pursuit of acquisition plans and will not generate operating revenues until after completing a Business Combination[31] - For the three-month period ended May 31, 2022, the Company reported a net income of $36,274, with formation and operating costs of $53,300 and interest earned on investments of $89,574[92] - For the six-month period ended May 31, 2022, the Company incurred a net loss of $159,276, consisting of formation and operating costs of $249,396 and interest earned of $90,120[92] Shareholder Information - The weighted average number of Class A ordinary shares outstanding was 12,032,500 for the three months ended May 31, 2022[9] - The Company has 11,500,000 Class A Ordinary Shares outstanding subject to possible redemption[46] - The redemption value of the shares is adjusted to $10.15 per share at the end of each reporting period[45] - The Company will allow Public Shareholders to redeem their shares for a pro rata portion of the Trust Account, initially anticipated at $10.15 per Public Share[21] - The Company will not redeem Public Shares if it would cause net tangible assets to fall below $5,000,001 to avoid SEC's "penny stock" rules[22] - If shareholder approval is required for a Business Combination, the Company will proceed if a majority of outstanding shares vote in favor[23] - Public Shareholders can redeem their shares without voting, and those who vote can do so regardless of their stance on the transaction[23] - The Company must complete a Business Combination within 12 to 18 months, or it will cease operations and redeem Public Shares[27] Capital Raising Activities - The company raised gross proceeds of $100,000,000 from its Initial Public Offering on January 20, 2022[14] - The Company sold 11,500,000 Units at a purchase price of $10.00 per Unit during the Initial Public Offering, generating gross proceeds of $115,000,000[57] - The Private Placement generated gross proceeds of $5,325,000 from the sale of 532,500 Private Placement Units at a price of $10.00 per unit[58] - Offering costs associated with the Initial Public Offering amounted to $4,532,887, which were charged to additional paid-in capital upon completion[52] - The underwriters received a cash underwriting discount of $0.20 per Unit, totaling $2,000,000, payable upon the closing of the Initial Public Offering[70] - The underwriters are entitled to a deferred fee of $4,025,000, payable only if the Company completes a Business Combination[101] Operational Status - The company has not commenced any operations and will not generate operating revenues until after completing its initial Business Combination[12] - There is no current commitment for additional capital, raising substantial doubt about the Company's ability to continue as a going concern[33] - The Company may need to obtain additional financing to complete its initial Business Combination or to meet obligations if a significant number of Public Shares are redeemed[99] Other Information - The Company incurred formation and operating costs of $249,396 for the six months ended May 31, 2022[9] - The deferred underwriting commission was recorded at $4,025,000, contingent upon the consummation of a Business Combination[11] - The Company has accrued $40,000 under the Administrative Support Agreement for office space and administrative support as of May 31, 2022[66] - The Promissory Note issued by the Sponsor allowed the Company to borrow up to $300,000, with an outstanding balance of $177,876 repaid in full on January 25, 2022[63][64] - The Company has not identified any critical accounting policies that could materially affect its financial statements[102] - There have been no material changes to the risk factors disclosed in the prospectus filed with the SEC on February 10, 2022[111] - No relevant financial data or performance metrics were provided in the content[120] - The document primarily contains certification and signature information without specific earnings or user data[119] - There are no insights on future outlook, product development, market expansion, or acquisition strategies mentioned in the content[118] - The content does not include any numerical figures or percentages related to company performance or projections[117] - The document lacks details on new technologies or strategies that the company may be pursuing[120] - There are no references to user data or customer metrics in the provided content[119] - The content does not provide any earnings guidance or performance summaries[118] - There are no mentions of new products or services being launched[117] - The document does not discuss any market trends or competitive positioning[120] - There are no indications of financial performance or operational highlights in the content[119]

Financial Performance - The company reported a net loss of $195,550 for the three-month period ended February 28, 2022, consisting of formation and operating costs of $196,096 and interest earned of $546[91]. - Cash used in operating activities for the three-month period ended February 28, 2022, was $162,238[93]. - The company does not expect to generate operating revenues until after the completion of its initial Business Combination[90]. Initial Public Offering - The company completed its Initial Public Offering on January 20, 2022, raising gross proceeds of $115,000,000 from the sale of 11,500,000 Units at $10.00 per Unit[92]. Investments and Cash Position - As of February 28, 2022, the company had investments of $116,725,546 held in Trust Accounts, intended for the initial Business Combination[94]. - The company had cash of $730,020 outside of the Trust Accounts as of February 28, 2022, to fund operations and evaluate target businesses[95]. Liabilities and Financing - The company has no long-term debt or significant liabilities, except for a monthly fee of up to $10,000 to the Sponsor for administrative support[98]. - A deferred fee of $4,025,000 is payable to underwriters from the Trust Accounts upon completion of a Business Combination[99]. - The company may need additional financing to complete its initial Business Combination or to meet obligations if cash on hand is insufficient[97]. Accounting Policies - The company has not identified any critical accounting policies that could materially affect reported financial results[100].