Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Operating expenses:        
Warrant issuance expense       $ 500,307
Exchange listing fees $ 21,249 $ 20,178 $ 42,269 120,365
Legal fees 2,373,475 26,945 2,513,475 121,945
General, administrative, and other expenses 813,203 207,840 1,030,413 435,861
Total operating expenses 3,207,927 254,963 3,586,157 1,178,478
Loss from operations (3,207,927) (254,963) (3,586,157) (1,178,478)
Other income (expenses):        
Change in fair value of warrant liability (4,224,105) 1,459,707 (4,676,625) 11,760,463
Interest income on cash held in bank account 4,259   15,090  
Interest income on treasury securities held in Trust Account 1,173,738 392,079 3,891,253 457,476
Unrealized (loss) gain on treasury securities held in Trust Account (91,323) (38,227) (107,187) (38,227)
Other income (3,137,431) 1,813,559 (877,469) 12,179,712
Income (loss) before provision for income taxes (6,345,358) 1,558,596 (4,463,626) 11,001,234
Provision for income taxes (236,909) (108,421) (799,505) (108,421)
Net (loss) income $ (6,582,267) $ 1,450,175 $ (5,263,131) $ 10,892,813
Class A common stock        
Other income (expenses):        
Basic weighted average shares outstanding 8,648,990 24,150,000 16,356,675 21,081,215
Diluted weighted average shares outstanding 8,648,990 24,150,000 16,356,675 21,081,215
Redeemable Class A common stock        
Other income (expenses):        
Net (loss) income $ (3,581,854) $ 1,115,519 $ (3,647,509) $ 8,106,757
Basic weighted average shares outstanding 8,684,990 24,150,000 16,356,675 21,081,215
Diluted weighted average shares outstanding 8,684,990 24,150,000 16,356,675 21,081,215
Basic net (loss) income per share $ (0.41) $ 0.05 $ (0.22) $ 0.38
Diluted net (loss) income per share $ (0.41) $ 0.05 $ (0.22) $ 0.38
Non-redeemable Class A and Class B common stock        
Other income (expenses):        
Net (loss) income $ (3,000,413) $ 334,656 $ (1,615,622) $ 2,786,056
Basic weighted average shares outstanding 7,245,000 7,245,000 7,245,000 7,245,000
Diluted weighted average shares outstanding 7,245,000 7,245,000 7,245,000 7,245,000
Basic net (loss) income per share $ (0.41) $ 0.05 $ (0.22) $ 0.38
Diluted net (loss) income per share $ (0.41) $ 0.05 $ (0.22) $ 0.38