Annual report pursuant to Section 13 and 15(d)

BALANCE SHEETS

v3.24.1
BALANCE SHEETS - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Assets:    
Cash $ 467,309 $ 1,151,319
Prepaid expenses 4,958 114,915
Total current assets 472,267 1,266,234
Cash and investments held in Trust Account 62,606,718 239,365,794
Total Assets 63,078,985 240,632,028
Liabilities:    
Franchise taxes payable 125,450 68,880
Federal income taxes payable 1,583,871 646,912
Due to related party 667 667
Working Capital loan 2,300,000 2,300,000
Promissory notes to related party 3,855,985 0
Excise tax payable 1,829,791 0
Accounts payable and accrued expenses 1,456,302 32,844
Total current liabilities 11,152,066 3,049,303
Other liabilities 0 400,000
Warrant liability 232,000 928,000
Deferred underwriters' discount 8,050,000 8,050,000
Total Liabilities 19,434,066 12,427,303
Commitments and Contingencies (Note 6)
Redeemable Class A common stock subject to possible redemption, 5,595,494 and 23,000,000 shares at redemption value at December 31, 2023 and 2022, respectively 61,907,870 239,285,445
Stockholders' Deficit:    
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding 0 0
Additional paid-in capital 0 0
Accumulated deficit (18,263,526) (11,081,295)
Total Stockholders' Deficit (18,262,951) (11,080,720)
Total Liabilities, Redeemable Common Stock and Stockholders' Deficit 63,078,985 240,632,028
Common Class A [Member]    
Stockholders' Deficit:    
Common stock in value 0 0
Common Class B [Member]    
Stockholders' Deficit:    
Common stock in value $ 575 $ 575