Schedule of shares of Common Stock Subject to Possible Redemption Reflected on the Unaudited Condensed Consolidated Balance Sheets |
As of March 31, 2025 and December 31, 2024, the
shares of common stock subject to possible redemption reflected on the unaudited
condensed consolidated balance sheets are disclosed in the following table.
| |
Amount | |
Gross proceeds | |
$ | 103,500,000 | |
Less: | |
| | |
Proceeds allocated Public Warrants | |
| (2,572,990 | ) |
Proceeds allocated Public Rights | |
| (7,418,984 | ) |
Offering costs of Public Shares | |
| (2,511,906 | ) |
Plus: | |
| | |
Accretion of carrying value to redemption value - 2021 | |
| 13,538,880 | |
Accretion of carrying value to redemption value - 2022 | |
| 1,516,986 | |
Common stock subject to possible redemption as of December 31, 2022 | |
| 106,051,986 | |
Accretion of carrying value to redemption value - 2023 | |
| 2,554,640 | |
Share redemption - 2023 | |
| (76,551,424 | ) |
Common stock subject to possible redemption as of December 31, 2023 | |
| 32,055,202 | |
Accretion of carrying value to redemption value - 2024 | |
| 1,965,600 | |
Share redemption - 2024 | |
| (30,415,052 | ) |
| |
| | |
Common stock subject to possible redemption as of December 31, 2024 | |
$ | 3,605,750 | |
Accretion of carrying value to redemption value of the first quarter of 2025 | |
| 71,547 | |
| |
| | |
Common stock subject to possible redemption as of March 31, 2025 | |
| 3,677,297 | |
|