10-Q
Quarterly Report
ALTC ACQUISITION CORP.
ALCC
NYSE
CIK: 1849056
File #: 001-40583
Balance Sheet
30 line items · 2 periods
XBRL
| Item | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|
CONDENSED CONSOLIDATED BALANCE SHEETS | ||
ASSETS | ||
Current assets | ||
Cash | 420,807 | 1,628,692 |
Prepaid expenses | 280,860 | 430,720 |
Total current assets | 701,667 | 2,059,412 |
Marketable securities held in Trust Account | 307,512,876 | 303,560,538 |
TOTAL ASSETS | 308,214,543 | 305,619,950 |
LIABILITIES AND STOCKHOLDERS' DEFICIT | ||
Current liabilities: | ||
Accrued expenses | 939,100 | 526,952 |
Excise tax liability | 2,159,147 | 2,159,147 |
Income taxes payable | 1,459,162 | 805,086 |
Total current liabilities | 4,557,409 | 3,491,185 |
Deferred legal fee | 92,441 | 92,441 |
Deferred underwriting fee payable | 7,000,000 | 7,000,000 |
Total liabilities | 11,649,850 | 10,583,626 |
Common shares subject to redemption | 304,911,595 | 303,415,774 |
Class A Common Stock Subject to Possible Redemption | 304,911,595 | 303,415,774 |
Stockholders' deficit | ||
Class B Common Stock | 1,250 | 1,250 |
Class A common stock | 145 | 145 |
Additional paid-in capital | 6,443,978 | 7,939,799 |
Accumulated deficit | (14,792,275) | (16,320,644) |
Total stockholders' deficit | (8,346,902) | (8,379,450) |
Accumulated Deficit | (14,792,275) | (16,320,644) |
Additional Paid-in Capital | 6,443,978 | 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 | 308,214,543 | 305,619,950 |