Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.24.3
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash $ 290,466 $ 403,456
Total current assets 290,466 403,456
Cash held in Trust Account 9,297,875 21,099,267
Total Assets 9,588,341 21,502,723
Current liabilities:    
Accounts payable 1,187,020 798,071
Franchise tax payable 48,800 38,800
Income tax payable 132,576 301,072
Excise tax payable 3,046,381 2,925,014
Total current liabilities 4,868,049 4,181,229
Non-redemption agreements derivative liability 8,229,757 6,646,080
Deferred underwriting commissions 11,200,000 11,200,000
Total liabilities 24,297,806 22,027,309
Commitments and Contingencies
Class A common stock subject to possible redemption, $0.0001 par value; 859,414 and 1,984,568 shares issued and outstanding at redemption value of approximately $10.74 and $10.63 per share as of June 30, 2024 and December 31, 2023, respectively 9,225,988 21,108,225
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 (23,336,633) (21,033,991)
Total stockholders’ deficit (23,935,453) (21,632,811)
Total Liabilities, Class A Common Stock Subject to Possible Redemption, and Stockholders’ Deficit 9,588,341 21,502,723
Related Party    
Current liabilities:    
Due to related party 178,272 118,272
Convertible promissory note - related party 275,000
Class A Common Stock    
Stockholders’ Deficit:    
Common stock, value 135 135
Convertible Class B Common Stock    
Stockholders’ Deficit:    
Common stock, value $ 1,045 $ 1,045