Welsbach Technology Metals Acquisition Corp
For the period ended Dec 31, 2023. Filed Apr 16, 2024.
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FY2023 · Filed Apr 16, 2024
EMAT$1.22-44.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| ASSETS | ||
| Current assets | ||
| Cash | $6,760 | $309,881 |
| Prepaid expenses and other assets | 833 | 25,000 |
| Total current assets | 7,593 | 334,881 |
| Restricted cash | 161,449 | 213,182 |
| Cash and investment held in Trust Account | 23,769,229 | 79,645,156 |
| TOTAL ASSETS | $23,938,271 | $80,193,219 |
| LIABILITIES, REDEEMABLE COMMON STOCK, AND STOCKHOLDERS’ DEFICIT | ||
| Current liabilities | ||
| Accounts payable | $2,846,126 | $1,818,627 |
| Due to affiliates | 293,663 | 205,663 |
| Franchise tax payable | 80,000 | 163,384 |
| Income taxes payable | — | 180,688 |
| Excise tax payable | 583,520 | — |
| Convertible promissory notes and working capital loans – related party | 2,845,471 | 1,545,537 |
| Total current liabilities | 6,648,780 | 3,913,899 |
| Deferred underwriting fee payable | 2,704,690 | 2,704,690 |
| TOTAL LIABILITIES | 9,353,470 | 6,618,589 |
| COMMITMENTS AND CONTINGENCIES (NOTE 6) | ||
| REDEEMABLE COMMON STOCK | ||
| Common Stock subject to possible redemption, $0.0001 par value, 2,172,851 and 7,727,686 shares at redemption value of $10.98 and $10.29 per share at December 31, 2023 and 2022, respectively | 23,850,678 | 79,514,266 |
| STOCKHOLDERS’ DEFICIT | ||
| Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding at December 31, 2023 and 2022 | — | — |
| Common stock; $0.0001 par value; 100,000,000 shares authorized; 2,283,976 shares issued and outstanding at December 31, 2023 and 2022, respectively (excluding 2,172,851 and 7,727,686 shares at December 31, 2023 and 2022, respectively, subject to redemption) | 228 | 228 |
| Accumulated deficit | (9,266,105) | (5,939,864) |
| TOTAL STOCKHOLDERS’ DEFICIT | (9,265,877) | (5,939,636) |
| TOTAL LIABILITIES, REDEEMABLE COMMON STOCK, AND STOCKHOLDERS’ DEFICIT | $23,938,271 | $80,193,219 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.