v3.24.2.u1

Condensed Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash flows from operating activities:
Net income (loss)	$ 135,534	$ (159,121)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Interest earned on marketable securities held in Trust Account	(683,202)	(1,736,977)
Interest withdrawn from the Trust Account	273,942	620,245
Changes in operating assets and liabilities:
Prepaid expense	(500)
Accounts payable	(7,000)	(13,773)
Accrued expenses	95,760	1,041,184
Amount due to related parties	(2,009)
Franchise tax payable	(3,250)	(180,493)
Income tax payable	(34,696)	58,765
Net cash used in operating activities	(225,421)	(370,170)
Cash flows from investing activities:
Cash withdrawn from Trust Account in connection with redemption		36,347,008
Investment of cash in Trust Account	(200,000)	(525,000)
Net cash provided by (used in ) investing activities	(200,000)	35,822,008
Cash flows from financing activities:
Proceeds from working capital loan	231,342	932,500
Proceeds from Extension Loan	120,000
Redemption of Class A common stock		(36,347,008)
Repayment of working capital loan	(10,000)
Net cash provided by (used in) financing activities	341,342	(35,414,508)
Net change in cash	(84,079)	37,330
Cash at the beginning of the period	87,134	27,066
Cash at the end of the period	3,055	64,396
Supplemental disclosure of non-cash investing and financing activities:
Remeasurement of Class A ordinary shares subject to redemption	$ (1,417,421)	$ 820,319

Increase decrease in franchise tax payable.

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The cash outflow to reacquire common stock during the period.

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The cash outflow associated with the purchase of all investments (debt, security, other) during the period.

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The cash inflow from a borrowing having initial term of repayment within one year or the normal operating cycle, if longer.

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DUET Acquisition Corp. 10-Q