10-Q
Quarterly Report
ALTC ACQUISITION CORP.
ALCC
NYSE
CIK: 1849056
File #: 001-40583
Balance Sheet
31 line items · 2 periods
XBRL
| Item | Sep 30, 2023 | Dec 31, 2022 |
|---|---|---|
CONDENSED CONSOLIDATED BALANCE SHEETS | ||
ASSETS | ||
Current assets | ||
Cash | 1,749,418 | 3,577,359 |
Prepaid expenses | 32,250 | 420,828 |
Total current assets | 1,781,668 | 3,998,187 |
Cash and marketable securities held in Trust Account | 518,212,824 | 506,140,080 |
Level 1 - Recurring | — | 506,140,080 |
TOTAL ASSETS | 519,994,492 | 510,138,267 |
LIABILITIES AND STOCKHOLDERS' DEFICIT | ||
Current liabilities | ||
Accrued expenses | 1,154,044 | 303,257 |
Income taxes payable | 1,214,236 | 1,180,272 |
Total current liabilities | 2,368,280 | 1,483,529 |
Deferred tax liability | — | 294,084 |
Deferred legal fee | 92,441 | 118,715 |
Deferred underwriting fee payable | 17,500,000 | 17,500,000 |
Total liabilities | 19,960,721 | 19,396,328 |
Common shares subject to redemption | 516,770,246 | 504,544,687 |
Class A Common Stock Subject to Possible Redemption | 516,770,246 | 504,544,687 |
Stockholders' Deficit | ||
Class B Common Stock | 1,250 | 1,250 |
Class A Common Stock | 145 | 145 |
Additional paid-in capital | 0 | 0 |
Accumulated deficit | (16,737,870) | (13,804,143) |
Total Stockholders' Deficit | (16,736,475) | (13,802,748) |
Accumulated Deficit | (16,737,870) | (13,804,143) |
Class B Common Stock - Common Stock | 1,250 | 1,250 |
Class A Common Stock - Common Stock | 145 | 145 |
Additional Paid-in Capital | — | 0 |
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT | 519,994,492 | 510,138,267 |