Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets

v3.23.3
Condensed Balance Sheets - USD ($)
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash $ 130,303 $ 409,725
Prepaid expenses 49,764 244,688
Total current assets 180,067 654,413
Investments held in Trust Account 43,996,416 309,744,280
Total Assets 44,176,483 310,398,693
Current liabilities:    
Accounts payable 739,762 552,059
Franchise tax payable 28,800 100,882
Income tax payable 215,256 414,724
Non-redemption agreements derivative liability 1,890,000
Total current liabilities 2,962,090 1,095,708
Deferred underwriting commissions 11,200,000 11,200,000
Total liabilities 14,162,090 12,295,708
Commitments and Contingencies
Stockholders’ Deficit:    
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding
Additional paid-in capital
Subscription receivable (600,000) (600,000)
Accumulated deficit (13,041,005) (10,428,727)
Total stockholders’ deficit (13,639,825) (11,027,547)
Total Liabilities, Class A Common Stock Subject to Possible Redemption, and Stockholders’ Deficit 44,176,483 310,398,693
Class A Common Stock    
Current liabilities:    
Class A common stock subject to possible redemption, $0.0001 par value; 4,154,572 and 30,000,000 shares issued and outstanding at redemption value of approximately $10.51 and $10.30 per share as of September 30, 2023 and December 31, 2022, respectively 43,654,218 309,130,532
Stockholders’ Deficit:    
Common stock 135 135
Class B Common Stock    
Stockholders’ Deficit:    
Common stock 1,045 1,045
Related Party    
Current liabilities:    
Due to related party $ 88,272 $ 28,043