STOCKHOLDERS' EQUITY |
3 Months Ended |
|---|---|
Mar. 31, 2025 | |
| Equity [Abstract] | |
| STOCKHOLDERS' EQUITY | 4. STOCKHOLDERS' EQUITY
The Company authorized shares of Preferred Stock and shares of Common Stock, of which there were shares of Preferred Stock issued and outstanding and shares of Common Stock issued and outstanding as of December 31, 2023. All series of stock had the same rights and preferences.
In May 2024, the Company’s certificate of incorporation was amended to remove the shares of Preferred Stock from its authorized capital. As there were no shares outstanding at the time of the amendment, there were no shares that were cancelled. The Company authorized shares of Common Stock, of which there were shares of Common Stock issued and outstanding as of March 31, 2025.
The Company’s Board of Directors has the power to issue any or all of the authorized but unissued Common Stock without stockholder approval. There are currently no commitments to issue any shares of common stock. However, the Company will, in all likelihood, issue a substantial number of additional shares in connection with a business combination.
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