Registration of securities issued in business combination transactions

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

v3.23.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended 10 Months Ended 12 Months Ended
Jun. 30, 2023
Mar. 31, 2023
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2023
Jun. 30, 2022
Dec. 31, 2021
Dec. 31, 2022
Operating expenses:                
Warrant issuance expense           $ 500,307   $ 500,307
Exchange listing fees $ 21,249   $ 20,178   $ 42,269 120,365   160,721
Legal fees 2,373,475   26,945   2,513,475 121,945   215,000
General, administrative, and other expenses 813,203   207,840   1,030,413 435,861 $ 22,252 877,640
Total operating expenses 3,207,927   254,963   3,586,157 1,178,478 22,252 1,753,668
Loss from operations (3,207,927)   (254,963)   (3,586,157) (1,178,478) (22,252) (1,753,668)
Other income (expenses):                
Change in fair value of warrant liability (4,224,105)   1,459,707   (4,676,625) 11,760,463   14,304,338
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   3,939,359
Interest income               3,939,359
Unrealized (loss) gain on treasury securities held in Trust Account (91,323)   (38,227)   (107,187) (38,227)   57,498
Other income (3,137,431)   1,813,559   (877,469) 12,179,712   18,301,195
Income (loss) before provision for income taxes (6,345,358)   1,558,596   (4,463,626) 11,001,234 (22,252) 16,547,527
Provision for income taxes (236,909)   (108,421)   (799,505) (108,421)   (783,546)
Net (loss) income $ (6,582,267) $ 1,319,136 $ 1,450,175 $ 9,442,637 $ (5,263,131) $ 10,892,813 $ (22,252) $ 15,763,981
Class A common stock                
Other income (expenses):                
Basic weighted average shares outstanding 8,648,990   24,150,000   16,356,675 21,081,215   22,604,795
Diluted weighted average shares outstanding 8,648,990   24,150,000   16,356,675 21,081,215   22,604,795
Basic net (loss) income per share               $ 0.53
Diluted net (loss) income per share               $ 0.53
Redeemable Class A common stock                
Other income (expenses):                
Net (loss) income $ (3,581,854)   $ 1,115,519   $ (3,647,509) $ 8,106,757   $ 11,937,823
Basic weighted average shares outstanding 8,684,990   24,150,000   16,356,675 21,081,215   22,604,795
Diluted weighted average shares outstanding 8,684,990   24,150,000   16,356,675 21,081,215   22,604,795
Basic net (loss) income per share $ (0.41)   $ 0.05   $ (0.22) $ 0.38   $ 0.53
Diluted net (loss) income per share $ (0.41)   $ 0.05   $ (0.22) $ 0.38   $ 0.53
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