Annual report pursuant to Section 13 and 15(d)

Balance Sheets

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Balance Sheets - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash $ 403,456 $ 409,725
Prepaid expenses 244,688
Total current assets 403,456 654,413
Cash held in Trust Account 21,099,267
Cash and Investments held in Trust Account 309,744,280
Total Assets 21,502,723 310,398,693
Current liabilities:    
Accounts payable 798,071 552,059
Franchise tax payable 38,800 100,882
Income tax payable 301,072 414,724
Excise tax payable 2,925,014
Total current liabilities 4,181,229 1,095,708
Non-redemption agreements derivative liability 6,646,080
Deferred underwriting commissions 11,200,000 11,200,000
Total liabilities 22,027,309 12,295,708
Commitments and Contingencies
Stockholders’ Deficit:    
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding
Additional paid-in capital
Subscription receivable (600,000) (600,000)
Accumulated deficit (21,033,991) (10,428,727)
Total stockholders’ deficit (21,632,811) (11,027,547)
Total Liabilities, Class A Common Stock Subject to Possible Redemption, and Stockholders’ Deficit 21,502,723 310,398,693
Class A Common Stock    
Current liabilities:    
Class A common stock subject to possible redemption, $0.0001 par value; 1,984,568 and 30,000,000 shares issued and outstanding at redemption value of approximately $10.63 and $10.30 per share as of December 31, 2023 and 2022, respectively 21,108,225 309,130,532
Stockholders’ Deficit:    
Common stock 135 135
Convertible Class B Common Stock    
Stockholders’ Deficit:    
Common stock 1,045 1,045
Related Party    
Current liabilities:    
Due to related party $ 118,272 $ 28,043