Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.24.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
General and administrative expenses $ 333,599 $ 271,900 $ 691,362 $ 477,786
Franchise tax expense (1,411) 50,000 51,295 100,400
Loss from operations (332,188) (321,900) (742,657) (578,186)
Other income (expense):        
Interest income from operating account 2,156 63 6,791 70
Income from cash and investments held in Trust Account 227,832 1,514,844 485,344 4,801,013
Change in fair value of derivative liability (24,000) (30,000) (271,680) (30,000)
Total other income, net 205,988 1,484,907 220,455 4,771,083
Net (loss) income before income taxes (126,200) 1,163,007 (522,202) 4,192,897
Income tax expense (48,593) (307,630) (92,576) (987,143)
Net (loss) income $ (174,793) $ 855,377 $ (614,778) $ 3,205,754
Redeemable Class A Common Stock        
Other income (expense):        
Weighted average shares outstanding of basic (in Shares) 1,440,537 12,959,058 1,712,553 21,432,455
Weighted average shares outstanding of diluted (in Shares) 1,440,537 12,959,058 1,712,553 21,432,455
Basic net (loss) income per share (in Dollars per share) $ (0.01) $ 0.03 $ (0.05) $ 0.1
Diluted net (loss) income per share (in Dollars per share) $ (0.01) $ 0.03 $ (0.05) $ 0.1
Non-Redeemable Class A and Class B Common Stock        
Other income (expense):        
Weighted average shares outstanding of basic (in Shares) 11,800,000 11,800,000 11,800,000 11,800,000
Weighted average shares outstanding of diluted (in Shares) 11,800,000 11,800,000 11,800,000 11,800,000
Basic net (loss) income per share (in Dollars per share) $ (0.01) $ 0.03 $ (0.05) $ 0.1
Diluted net (loss) income per share (in Dollars per share) $ (0.01) $ 0.03 $ (0.05) $ 0.1