v3.24.2.u1

CONDENSED BALANCE SHEETS - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Current Assets:
Cash	$ 30,414	$ 112,495
Prepaid expenses	106,179	43,399
Total Current Assets	136,593	155,894
Cash held in Trust Account	38,785,075	108,901,049
Total Assets	38,921,668	109,056,943
Current Liabilities:
Accounts payable	11,043	11,043
Accrued expenses	663,833	500,820
Accrued offering costs	4,999	4,999
Advance from Sponsor	$ 20,000	$ 0
Other Liability, Current, Related Party, Type [Extensible Enumeration]	Related Party [Member]	Related Party [Member]
Total Current Liabilities	$ 1,969,875	$ 1,116,862
Derivative warrant liabilities	915,250	1,307,500
Deferred underwriting fees	12,075,000	12,075,000
Total Liabilities	14,960,125	14,499,362
COMMITMENTS AND CONTINGENCIES
Redeemable Class A Ordinary Shares Subject to Possible Redemption:
Class A ordinary shares, $0.0001 par value, 3,528,693 and 10,198,205 shares issued and outstanding subject to possible redemption at June 30, 2024 and December 31, 2023, respectively.	38,785,075	108,901,049
Shareholders' deficit:
Preferred shares, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding	0	0
Additional paid-in capital	0	0
Accumulated deficit	(14,824,395)	(14,344,331)
Total Shareholders' Deficit	(14,823,532)	(14,343,468)
Total Liabilities, Redeemable Class A Ordinary Shares Subject to Possible Redemption and Shareholders' Deficit	38,921,668	109,056,943
Class A Ordinary Shares [Member]
Shareholders' deficit:
Ordinary shares	681	681
Class B Ordinary Shares [Member]
Shareholders' deficit:
Ordinary shares	182	182
Related Party [Member] \| Sponsor Extension Note [Member]
Current Liabilities:
Notes payable	770,000	300,000
Related Party [Member] \| Related Party Note [Member]
Current Liabilities:
Notes payable	$ 500,000	$ 300,000

Carrying value as of the balance sheet date of outstanding underwriting commissions payable initially due after one year or beyond the operating cycle if longer, excluding current portion.

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Enphys Acquisition Corp. 10-Q