Power Digital Infrastructure Acquisition II Corp
For the period ended Dec 31, 2023. Filed Mar 11, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 11, 2024
AIRJ$2.38-7.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| For the Year Ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Cash Flows from Operating Activities: | ||
| Net income | $1,242,993 | $2,041,984 |
| Adjustments to reconcile net income to net cash used in operating activities: | ||
| Income from investments held in Trust Account | (9,126,178) | (4,187,504) |
| Other income attributable to derecognition of deferred underwriting fee allocated to offering costs | (205,275) | — |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses | 284,405 | 329,567 |
| Advance from related party | 900,000 | — |
| Accounts payable | 428,218 | (880,791) |
| Accrued expenses | 5,077,223 | 250,114 |
| Income tax payable | (630,531) | 802,367 |
| Franchise tax payable | 51,961 | (79,906) |
| Net cash used in operating activities | (1,977,184) | (1,724,169) |
| Cash Flows from Investing Activities: | ||
| Investment income released from Trust Account to pay for taxes | 2,548,365 | 167,553 |
| Cash withdrawn for redemptions | 188,132,132 | — |
| Extension payments deposited in Trust Account | (1,800,000) | — |
| Net cash provided by investing activities | 188,880,497 | 167,553 |
| Cash Flows from Financing Activities: | ||
| Redemption of common stock | (188,132,132) | — |
| Net cash used in financing activities | (188,132,132) | — |
| Net decrease in cash | (1,228,819) | (1,556,616) |
| Cash - beginning of the period | 1,287,986 | 2,844,602 |
| Cash - end of the period | $59,167 | $1,287,986 |
| Supplemental cash flow information: | ||
| Federal income taxes paid | $2,389,251 | $— |
| Supplemental disclosure of noncash activities: | ||
| Remeasurement of Class A common stock subject to possible redemption | $8,967,458 | $2,918,429 |
| Excise tax payable attributable to redemption of common stock | $1,881,321 | $— |
| Reversal of transaction costs incurred in connection with IPO | $4,025,000 | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.