v3.24.3
Reverse Merger Capitalization with 7GC & Co. Holdings Inc. (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2024
Dec. 31, 2023
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]    
Schedule of Reconciliation of the Merger to the Company's Consolidated Cash Flows

 

Schedule of Reconciliation of the Merger to the Company's Consolidated Cash Flows

 

The following table reconciles the elements of the Merger to the consolidated statements of cash flows:

 

   Recapitalization 
Deferred underwriting fees assumed  $4,000,000 
Convertible notes payable assumed   2,550,000 
Warrant liabilities assumed   460,000 
Less: effect on equity   (14,625,462)
Effect of reverse recapitalization, net of transaction costs  $(7,615,462)
Schedule of Reconciliation of the Merger to the Company’s Statements of Changes in Stockholders’ Deficit  

The following table reconciles the elements of the Merger to the consolidated statements of changes in stockholders’ deficit:

  

   Recapitalization 
Cash  $197,166 
Non-cash net working capital assumed   (7,812,628)
Deferred underwriting fees assumed   (4,000,000)
Convertible notes payable assumed   (2,550,000)
Fair value of assumed warrant liabilities   (460,000)
Transaction costs   (3,233,097)
Effect of reverse recapitalization  $(17,858,559)