Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.24.3
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash $ 192,363 $ 403,456
Total current assets 192,363 403,456
Cash held in Trust Account 9,411,576 21,099,267
Total Assets 9,603,939 21,502,723
Current liabilities:    
Accounts payable 1,162,278 798,071
Franchise tax payable 74,000 38,800
Income tax payable 151,637 301,072
Excise tax payable 3,046,381 2,925,014
Total current liabilities 5,017,568 4,181,229
Non-redemption agreements derivative liability 8,394,024 6,646,080
Deferred underwriting commissions 11,200,000
Total liabilities 13,411,592 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 $10.70 and $10.63 per share as of September 30, 2024 and December 31, 2023, respectively 9,195,429 21,108,225
Stockholders’ Deficit:    
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding
Additional paid-in capital 11,230,559
Subscription receivable (600,000) (600,000)
Accumulated deficit (23,634,821) (21,033,991)
Total stockholders’ deficit (13,003,082) (21,632,811)
Total Liabilities, Class A Common Stock Subject to Possible Redemption, and Stockholders’ Deficit 9,603,939 21,502,723
Related Party    
Current liabilities:    
Due to related party 208,272 118,272
Convertible promissory note - related party 375,000
Class A Common Stock    
Stockholders’ Deficit:    
Common stock 135 135
Convertible Class B Common Stock    
Stockholders’ Deficit:    
Common stock $ 1,045 $ 1,045