As of December 31, 2024 and 2023, the shares of common stock reflected on the balance sheets are reconciled in the following table.
|
Common stock subject to possible redemption – December 31, 2022
|
|
|
116,651,461 |
|
|
Accretion of carrying value to redemption value
|
|
|
4,531,223 |
|
|
Cash withdrawn from Trust Account to pay franchise and income taxes
|
|
|
(1,140,505 |
)
|
|
Payment to redeemed public stockholders
|
|
|
(112,120,361 |
)
|
|
Common stock subject to possible redemption – December 31, 2023
|
|
$
|
7,921,818 |
|
|
Accretion of carrying value to redemption value
|
|
|
452,064 |
|
|
Payment to redeemed public stockholders
|
|
|
(2,956,393 |
)
|
|
Common stock subject to possible redemption – December 31, 2024
|
|
$
|
5,417,489 |
|
|