10-K
Annual Report
AltC Acquisition Corp.
ALCC
NYSE
CIK: 1849056
File #: 001-40583
Balance Sheet
32 line items · 2 periods
XBRL
| Item | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|
CONSOLIDATED BALANCE SHEETS | ||
ASSETS | ||
Current assets | ||
Cash | 1,628,692 | 3,577,359 |
Prepaid expenses | 430,720 | 420,828 |
Total current assets | 2,059,412 | 3,998,187 |
Marketable securities held in Trust Account | 303,560,538 | 506,140,080 |
Level 1 - Recurring | — | 506,140,080 |
TOTAL ASSETS | 305,619,950 | 510,138,267 |
LIABILITIES AND STOCKHOLDERS' DEFICIT | ||
Current liabilities: | ||
Accrued expenses | 526,952 | 303,257 |
Excise tax liability | 2,159,147 | — |
Income taxes payable | 805,086 | 1,180,272 |
Total current liabilities | 3,491,185 | 1,483,529 |
Deferred tax liability | — | 294,084 |
Deferred legal fee | 92,441 | 118,715 |
Deferred underwriting fee payable | 7,000,000 | 17,500,000 |
Total liabilities | 10,583,626 | 19,396,328 |
Common shares subject to redemption | 303,415,774 | 504,544,687 |
Class A Common Stock Subject to Possible Redemption | 303,415,774 | 504,544,687 |
Stockholders' deficit | ||
Class B Common Stock | 1,250 | 1,250 |
Class A common stock | 145 | 145 |
Additional paid-in capital | 7,939,799 | 0 |
Accumulated deficit | (16,320,644) | (13,804,143) |
Total stockholders' deficit | (8,379,450) | (13,802,748) |
Accumulated Deficit | (16,320,644) | (13,804,143) |
Additional Paid-in Capital | 7,939,799 | — |
Class B Common Stock - Common Stock | 1,250 | 1,250 |
Class A common stock - Common Stock | 145 | 145 |
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT | 305,619,950 | 510,138,267 |