| Schedule of basic and diluted net income per share of Common Stock |
The following table reflects the calculation of basic and diluted net income (loss) per share of common stock (in dollars, except share amounts): | | | | | | | | | | | | | | | Three Months Ended | | | March 31, 2024 | | March 31, 2023 | | | | | | Non- | | | | | Non- | | | Redeemable | | redeemable | | Redeemable | | redeemable | Basic and diluted net income per common stock | | | | | | | | | | | | | Numerator: | | | | | | | | | | | | | Allocation of net income, as adjusted | | $ | (71,126,651) | | $ | (17,450,766) | | $ | 135,463 | | $ | 56,908 | Denominator: | | | | | | | | | | | | | Basic and diluted weighted average common stock outstanding | | | 9,048,173 | | | 2,219,949 | | | 11,976,319 | | | 5,031,250 | Basic and diluted net income per common stock | | $ | (7.86) | | $ | (7.86) | | $ | 0.01 | | $ | 0.01 |
|
The following table reflects the calculation of basic and diluted net income per share of Common Stock (in dollars, except share amounts): | | | | | | | | | | | | | | | For the Year Ended December 31, | | | 2023 | | 2022 | | | | | | Non- | | | | | Non- | | | Redeemable | | redeemable | | Redeemable | | redeemable | Basic and diluted net income per share of Common Stock | | | | | | | | | | | | | Numerator: | | | | | | | | | | | | | Allocation of net income | | $ | 460,174 | | $ | 335,609 | | $ | 8,836,454 | | $ | 2,209,113 | Denominator: | | | | | | | | | | | | | Basic and diluted weighted average shares outstanding | | | 6,898,644 | | | 5,031,250 | | | 20,125,000 | | | 5,031,250 | Basic and diluted net income per share of Common Stock | | $ | 0.07 | | $ | 0.07 | | $ | 0.44 | | $ | 0.44 |
|
| Schedule of dilutive instruments |
| | | | | Description | | March 31, 2024 | | March 31, 2023 | Short Term Notes | | 5,390,752 | | — | Secured convertible note | | 18,000,000 | | — | Subscription agreement | | 833,333 | | — | Promissory note | | 704,404 | | — | Total Shares issuable under Convertible Note obligations | | 24,928,489 | | — | Public Warrants | | 10,062,500 | | 10,062,500 | Private Warrants | | 5,553,125 | | 6,153,125 | Secured convertible note warrants | | 600,000 | | — | Total dilutive | | 41,144,114 | | 16,153,125 |
|
|