AltC Acquisition Corp
For the period ended Dec 31, 2023. Filed Mar 29, 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 29, 2024
OKLO$25.09-6.5%Stored close · as of Nov 10, 2026
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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 | | $11,868,205 | | $3,925,770 | ||
| Adjustments to reconcile net income to net cash used in operating activities: | | | | | | |
| Interest earned on marketable securities held in Trust Account | | | (22,231,067) | | | (7,277,660) |
| Unrealized loss on marketable securities held in Trust Account | | | — | | | 68,050 |
| Deferred tax (benefit) provision | | | (294,084) | | | 294,084 |
| Changes in operating assets and liabilities: | | | ||||
| Prepaid expenses | | | (9,892) | | | 835,706 |
| Accrued expenses | | 197,421 | | 21,503 | ||
| Income taxes payable | | | (375,186) | | | 1,177,856 |
| Net cash used in operating activities | | (10,844,603) | | | (954,691) | |
| | | | | | | |
| Cash flows from investing activities: | | | | | | |
| Cash withdrawn from Trust Account to pay franchise and income taxes | | | 7,895,936 | | | 195,000 |
| Cash withdrawn from Trust Account for working capital purposes | | | 1,000,000 | | | 1,000,000 |
| Cash withdrawn from Trust Account in connection with redemption | | | 215,914,673 | | | — |
| Net cash provided by investing activities | | | 224,810,609 | | | 1,195,000 |
| | | | ||||
| Cash flows from financing activities: | | | ||||
| Redemptions of common stock | | (215,914,673) | | — | ||
| Net cash used in financing activities | | (215,914,673) | | | — | |
| | | | ||||
| Net change in cash | | (1,948,667) | | | 240,309 | |
| Cash — Beginning of period | | 3,577,359 | | 3,337,050 | ||
| Cash — End of period | | $1,628,692 | | $3,577,359 | ||
| | | | | | ||
| Supplemental cash flow information: | | | | | | |
| Cash paid for income taxes | | $6,761,419 | | $3,128 | ||
| | | | | | | |
| Non-cash investing and financing activities: | | | | | ||
| Remeasurement for Class A common stock to redemption amount | | $14,785,760 | | $— | ||
| Deferred underwriting fee payable | | $10,500,000 | | $— | ||
| Excise tax liability accrued for common stock redemptions | | $2,159,147 | | $— | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.