Global Gas Corp
For the period ended Dec 31, 2023. Filed Apr 1, 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 Apr 1, 2024
HGAS$0.100.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
| For the period from February 16, 2023 (Inception) to December 31, | |
|---|---|
| Cash Flows from Operating Activities: | |
| Net loss | $(300,176) |
| Adjustments to reconcile net loss to net cash used in operating activities: | |
| Interest on marketable securities | (966) |
| Change in fair value of derivative warrant liabilities | (107,800) |
| Changes in operating assets and liabilities: | |
| Prepaid expenses | 21,275 |
| Accounts payable – related party | 124,867 |
| Accounts payable and accrued expenses | 102,638 |
| Net cash used in operating activities | (160,162) |
| Cash Flows from Investing Activities: | |
| Investment in marketable securities | (1,120,000) |
| Net cash used in investing activities | (1,120,000) |
| Cash Flows from Financing Activities: | |
| Proceeds from reverse capitalization | 1,225,222 |
| Capital contribution from Members | 12,500 |
| Advances – related party | 852 |
| Proceeds from promissory note – related party | 103,950 |
| Net cash provided by financing activities | 1,342,524 |
| Net increase in cash | 62,362 |
| Cash, beginning of period | |
| Cash, end of period | $62,362 |
| Non-Cash investing and financing activities: | |
| Liabilities assumed in Business Combination, net | $1,672,216 |
| Initial recognition of forward purchase agreement | $(2,608,141) |
| Conversion of units to Class B Common Stock | $430 |
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