Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets

v3.23.2
Condensed Balance Sheets - USD ($)
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash $ 848,639 $ 409,725
Prepaid expenses 143,072 244,688
Total current assets 991,711 654,413
Investments held in Trust Account 43,470,366 309,744,280
Total Assets 44,462,077 310,398,693
Current liabilities:    
Accounts payable 686,844 552,059
Franchise tax payable 18,800 100,882
Income tax payable 756,867 414,724
Due to related party 58,272 28,043
Non-redemption agreements derivative liability 1,800,000
Total current liabilities 3,320,783 1,095,708
Deferred underwriting commissions 11,200,000 11,200,000
Total liabilities 14,520,783 12,295,708
Commitments and Contingencies
Class A common stock subject to possible redemption, $0.0001 par value; 4,154,572 and 30,000,000 shares issued and outstanding at redemption value of approximately $10.41 and $10.30 per share as of June 30, 2023 and December 31, 2022, respectively 43,246,556 309,130,532
Stockholders’ Deficit:    
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding
Class A common stock, $0.0001 par value; 300,000,000 shares authorized; 1,350,000 shares issued and outstanding (excluding 4,154,572 and 30,000,000 shares subject to possible redemption) 135 135
Class B common stock, $0.0001 par value; 20,000,000 shares authorized; 10,450,000 shares issued and outstanding 1,045 1,045
Additional paid-in capital
Subscription receivable (600,000) (600,000)
Accumulated deficit (12,706,442) (10,428,727)
Total stockholders’ deficit (13,305,262) (11,027,547)
Total Liabilities, Class A Common Stock Subject to Possible Redemption, and Stockholders’ Deficit $ 44,462,077 $ 310,398,693