Bukit Jalil Acquisition 1 .(BUJA) - 2023 Q2 - Quarterly Report

Once the warrants become exercisable (for both Public and Private Warrant), the Company may redeem the outstanding warrants: The proceeds of $58,362,500 ($10.15 per Public Unit) in the aggregate from the IPO and the Private Placement, were placed in a trust account (the "Trust Account") established for the benefit of the Company's public shareholders and the underwriters of the IPO with Continental Stock Transfer & Trust Company acting as trustee. Working Capital Loans In addition, in order to finance trans ...