PowerUp Acquisition 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
ASBP$8.51+5.2%Stored close · as of Nov 9, 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 | December 31, 2022 | |
|---|---|---|
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash | $— | $497,259 |
| Prepaid expenses and other | 81,223 | 600,493 |
| Total current assets | 81,223 | 1,097,752 |
| Prepaid expenses - noncurrent | — | 80,170 |
| Investments held in Trust Account | 19,901,169 | 299,004,083 |
| TOTAL ASSETS | $19,982,392 | $300,182,005 |
| LIABILITIES, REDEEMABLE ORDINARY SHARES AND SHAREHOLDERS’ DEFICIT | ||
| CURRENT LIABILITIES | ||
| Accounts payable and accrued expenses | $152,005 | 180,634 |
| Loan and Transfer note - payable | 12,384 | — |
| Due to affiliate | 238,939 | 122,689 |
| Total current liabilities | 403,328 | 303,323 |
| Deferred Underwriting fee payable | — | 10,812,500 |
| TOTAL LIABILITIES | 403,328 | 11,115,823 |
| COMMITMENTS AND CONTINGENCIES (Note 6) | - | |
| REDEEMABLE ORDINARY SHARES | ||
| Class A ordinary shares subject to possible redemption at redemption value, $0.0001 par value, 1,803,729 and 28,750,000 shares as of December 31, 2023 and 2022, respectively | 19,901,169 | 299,004,083 |
| SHAREHOLDER’S DEFICIT | ||
| Preference shares; $0.0001 par value, 5,000,000 shares authorized, none issued or outstanding | — | — |
| Class A ordinary shares; $0.0001 par value; 300,000,000 shares authorized; 7,187,500 and 0 issued or outstanding at December 31, 2023 and 2022, respectively (excluding 1,803,729 and 28,750,000 shares subject to redemption as of December 31, 2023 and 2022, respectively) | 719 | — |
| Class B ordinary shares; $0.0001 par value; 50,000,000 shares authorized; 0 and 7,187,500 issued and outstanding at December 31, 2023 and 2022, respectively | — | 719 |
| Additional paid-in capital | 10,964,930 | — |
| Accumulated deficit | (11,287,754) | (9,938,620) |
| Total shareholders’ deficit | (322,105) | (9,937,901) |
| TOTAL LIABILITIES, REDEEMABLE ORDINARY SHARES AND SHAREHOLDERS’ DEFICIT | $19,982,392 | $300,182,005 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.