Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash $ 335,304 $ 403,456
Total current assets 335,304 403,456
Cash held in Trust Account 21,356,778 21,099,267
Total Assets 21,692,082 21,502,723
Current liabilities:    
Accounts payable 1,053,046 798,071
Franchise tax payable 91,506 38,800
Income tax payable 345,055 301,072
Excise tax payable 2,925,014 2,925,014
Total current liabilities 4,562,893 4,181,229
Non-redemption agreements derivative liability 6,893,760 6,646,080
Deferred underwriting commissions 11,200,000 11,200,000
Total liabilities 22,656,653 22,027,309
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 (21,597,825) (21,033,991)
Total stockholders’ deficit (22,196,645) (21,632,811)
Total Liabilities, Class A Common Stock Subject to Possible Redemption, and Stockholders’ Deficit 21,692,082 21,502,723
Related Party    
Current liabilities:    
Due to related party 148,272 118,272
Class A Common Stock    
Current liabilities:    
Class A common stock subject to possible redemption, $0.0001 par value; 1,984,568 shares issued and outstanding at redemption value of approximately $10.70 and $10.63 per share as of March 31, 2024 and December 31, 2023, respectively 21,232,074 21,108,225
Stockholders’ Deficit:    
Common stock 135 135
Convertible Class B Common Stock    
Stockholders’ Deficit:    
Common stock $ 1,045 $ 1,045