UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-Q

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended ~~June~~September 30, 2023

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ____ to ____

Commission File Number: 001-40059

SOCIAL LEVERAGE ACQUISITION CORP I
(Exact name of registrant as specified in its charter)

Delaware		85-4095616
(State of other jurisdiction of incorporation or organization)		(IRS Employer Identification No.)

8390 E. Via de Ventura, Suite F110-207 Scottsdale, Arizona		85258
(Address of Principal Executive Offices)		(Zip Code)

(302) 492-7522
Registrant’s telephone number, including area code

Not Applicable
(Former name or former address, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Units, each consisting of one share of Class A Common Stock, $0.0001 par value, and one- fourth of one redeemable warrant	SLAC.U	The Nasdaq Stock Market LLC
Class A Common Stock included as part of the units	SLAC	The Nasdaq Stock Market LLC
Redeemable warrants included as part of the units	SLAC WS	The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	☐	Accelerated filer	☐
Non-accelerated filer	☒	Smaller reporting company	☒
		Emerging growth company	☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☒ No ☐

As of ~~August~~November 2114, 2023, 1,557,134 shares of Class A common stock, par value $0.0001 per share (the “Class A Common Stock”), and 8,625,000 shares of Class B common stock, par value $0.0001 per share (the “Class B Common Stock”), were issued and outstanding, respectively.

SOCIAL LEVERAGE ACQUISITION CORP I Form 10-Q For the Quarter Ended ~~June~~September 30, 2023

Table of Contents

		Page
Part I. Financial Information		1
Part I. - Financial Information		1
Item 1.	Condensed Consolidated Financial Statements	1
	Condensed Consolidated Balance Sheets	1
	Condensed Consolidated Statements Of Operations (Unaudited)	2
	Condensed Consolidated Statements Of Changes In Stockholders’ Deficit (Unaudited)	3
	Condensed Consolidated Statements Of Cash Flows (Unaudited)	4
	Notes To Unaudited Condensed Consolidated Financial Statements	5
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations.	2122
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	2628
Item 4.	Controls and Procedures	2628
Part II - Other Information		2729
Item 1.	Legal Proceedings	2729
Item 1A.	Risk Factors	2729
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds.	2830
Item 3.	Defaults upon Senior Securities	2830
Item 4.	Mine Safety Disclosures.	2830
Item 5.	Other Information.	2830
Item 6.	Exhibits.	2830

~~Part~~ PART I. ~~Financial~~- ~~Information~~FINANCIAL INFORMATION

Item 1. Condensed Consolidated Financial Statements

SOCIAL LEVERAGE ACQUISITION CORP I

~~Condensed Consolidated~~CONDENSED ~~Balance~~CONSOLIDATED ~~Sheets~~BALANCE SHEETS

	June 30, 2023			December 31, 2022
	September 30, 2023			December 31, 2022
	(Unaudited)
Assets:
Current assets:
Cash	$	~~377~~265,~~386~~077		$	1,666,647
Prepaid expenses		~~128~~90,~~123~~157			147,150
Total current assets		~~505~~355,~~509~~234			1,813,797
Non-current assets:
Due from related parties		31,949			31,949
Investments held in Trust Account		1516,~~899~~073,~~569~~631			16,674,956
Total Assets	$	16,~~437~~460,~~027~~814		$	18,520,702
Liabilities, Class A Common Stock Subject to Possible Redemption and Stockholders’ Deficit:
Current liabilities:
Accounts payable	$	~~793~~800,~~035~~442		$	534,888
Accrued expenses		5,~~358~~615,~~224~~522			3,920,773
Income tax payable		4070,~~888~~293			953,182
Excise tax payable		9,678			—
Total current liabilities		6,~~201~~495,~~825~~935			5,408,843
Deferred legal fees		152,224			152,224
Derivative warrant liabilities		2731,~~778,750~~250			876,460
Working capital loan		~~776~~794,~~498~~135			741,799
Deferred underwriting commissions		—			12,075,000
Total liabilities		98,~~909~~173,~~297~~544			19,254,326
Commitments and Contingencies
Class A Common Stock subject to possible redemption, $0.0001 par value; 1,557,134 and 1,652,286 shares at redemption value of $10.43 and $10.30 per share as of June 30, 2023 and December 31, 2022, respectively		16,245,487			17,026,774
Class A Common Stock subject to possible redemption, $0.0001 par value; 1,557,134 and 1,652,286 shares at redemption value of $10.52 and $10.30 per share as of September 30, 2023 and December 31, 2022, respectively		16,373,744			17,026,774
Stockholders’ Deficit
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding		—			—
Class A Common Stock, $0.0001 par value; 80,000,000 shares authorized; no non-redeemable shares issued and outstanding as of June 30, 2023 and December 31, 2022		—			—
Class A Common Stock, $0.0001 par value; 80,000,000 shares authorized; no non-redeemable shares issued and outstanding as of September 30, 2023 and December 31, 2022		—			—
Class B Common Stock, $0.0001 par value; 20,000,000 shares authorized; 8,625,000 as of June 30, 2023 and December 31, 2022		863			863
Class B Common Stock, $0.0001 par value; 20,000,000 shares authorized; 8,625,000 as of September 30, 2023 and December 31, 2022		863			863
Additional paid-in capital		11,~~543~~414,~~159~~902			—
Accumulated deficit		(2119,~~261~~502,~~779~~239	)		(17,761,261	)
Total stockholders’ deficit		(98,~~717~~086,~~757~~474	)		(17,760,398	)
Total Liabilities, Class A Common Stock Subject to Possible Redemption and Stockholders’ Deficit	$	16,~~437~~460,~~027~~814		$	18,520,702

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

SOCIAL LEVERAGE ACQUISITION CORP I

~~Condensed Consolidated~~CONDENSED ~~Statements~~CONSOLIDATED OfSTATEMENTS ~~Operations~~OF OPERATIONS (~~Unaudited~~UNAUDITED)

	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2023			2022			2023			2022
General and administrative expenses	$	~~846~~398,~~351~~580		$	21,~~094~~490,~~006~~810		$	2,~~085~~484,~~517~~097		$	24,~~515~~005,~~001~~811
Franchise tax expense		1516,~~700~~400			50,000			3551,~~375~~775			~~105~~155,565
Loss from operations		(~~862~~414,~~051~~980	)		(21,~~144~~540,~~006~~810	)		(2,~~120~~535,~~892~~872	)		(24,~~620~~161,~~566~~376	)
Other income (expense):
Change in fair value of derivative warrant liabilities		(12,~~170~~047,~~000~~500	)		3(1,~~656~~170,~~250~~000	)		(1145,~~902,290~~210	)		98,~~945~~775,000
Reduction in deferred underwriter commissions		—			—			335,685			—
Interest on working capital loan - related party		(17,~~445~~637	)		(715,~~496~~701	)		(3452,~~699~~336	)		(824,~~729~~430	)
Income from investments held in Trust Account		~~127~~174,~~662~~062			~~457~~1,~~334~~567,021			~~261~~436,~~978~~040			~~490~~2,~~137~~057,158
Total Other income (expense), net		(1,059,783	)		4,106,088			(1,339,326	)		10,426,408
Total Other income, net		2,203,925			381,320			864,599			10,807,728
Net (loss) income before income taxes		(1,921,834	)		1,962,082			(3,460,218	)		7,805,842
Net income (loss) before income taxes		1,788,945			(1,159,490	)		(1,671,273	)		6,646,352
Income tax expense		(2029,~~337~~405	)		(44381,~~608~~616	)		(4069,~~300~~705	)		(44426,~~608~~224	)
Net (loss) income	$	(1,942,171	)	$	1,917,474		$	(3,500,518	)	$	7,761,234
Net income (loss)	$	1,759,540		$	(1,541,106	)	$	(1,740,978	)	$	6,220,128
Weighted average shares outstanding of Class A Common Stock, basic and diluted		1,~~607~~557,~~324~~134			34,500,000			1,~~629~~605,~~681~~233			34,500,000
Basic and diluted net (loss) income per share, Class A Common Stock	$	(0.19	)	$	0.04		$	(0.34	)	$	0.18
Basic and diluted net income (loss) per share, Class A Common Stock	$	0.17		$	(0.04	)	$	(0.17	)	$	0.14
Weighted average shares outstanding of Class B Common Stock, basic and diluted		8,625,000			8,625,000			8,625,000			8,625,000
Basic and diluted net (loss) income per share, Class B Common Stock	$	(0.19	)	$	0.04		$	(0.34	)	$	0.18
Basic and diluted net income (loss) per share, Class B Common Stock	$	0.17		$	(0.04	)	$	(0.17	)	$	0.14

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

SOCIAL LEVERAGE ACQUISITION CORP I

~~Condensed Consolidated~~CONDENSED ~~Statements~~CONSOLIDATED OfSTATEMENTS ~~Changes~~OF InCHANGES IN ~~Stockholders~~STOCKHOLDERS’ ~~Deficit~~DEFICIT (~~Unaudited~~UNAUDITED)

FOR THE THREE ANAND ~~SIX~~NINE MONTHS ENDED ~~JUNE~~ SEPTEMBER 30, 2023

	Common Stock								Additional						Total
	Class A				Class B				Paid-In			Accumulated			Stockholders’
	Shares		Amount		Shares		Amount		Capital			Deficit			Deficit
Balance - December 31, 2022		—	$	—		8,625,000	$	863	$	—		$	(17,761,261	)	$	(17,760,398	)
Remeasurement of Class A Common Stock subject to possible redemption value		—		—		—		—		(94,853	)		—			(94,853	)
Reduction in deferred underwriter commissions		—		—		—		—		11,739,315			—			11,739,315
Net loss		—		—		—		—		—			(1,558,347	)		(1,558,347	)
Balance - March 31, 2023		—		—		8,625,000		863		11,644,462			(19,319,608	)		(7,674,283	)
Remeasurement of Class A Common Stock subject to possible redemption value		—		—		—		—		(91,625	)		—			(91,625	)
Excise taxes related to redemptions		—		—		—		—		(9,678	)		—			(9,678	)
Net loss		—		—		—		—		—			(1,942,171	)		(1,942,171	)
Balance - June 30, 2023		—	$	—		8,625,000	$	863	$	11,543,159		$	(21,261,779	)	$	(9,717,757	)
Balance – June 30, 2023		—	$	—		8,625,000	$	863	$	11,543,159		$	(21,261,779	)	$	(9,717,757	)
Remeasurement of Class A Common Stock subject to possible redemption value		—		—		—		—		(128,257	)		—			(128,257	)
Net income		—		—		—		—		—			1,759,540			1,759,540
Balance - September 30, 2023		—	$	—		8,625,000	$	863	$	11,414,902		$	(19,502,239	)	$	(8,086,474	)

FOR THE THREE AND ~~SIX~~NINE MONTHS ENDED ~~JUNE~~ SEPTEMBER 30, 2022

	Common Stock								Additional					Total
	Class A				Class B				Paid-In		Accumulated			Stockholders’
	Shares		Amount		Shares		Amount		Capital		Deficit			Deficit
Balance - December 31, 2021		—	$	—		8,625,000	$	863	$	—	$	(23,944,240	)	$	(23,943,377	)
Net income		—		—		—		—		—		5,843,760			5,843,760
Balance - March 31, 2022 (Unaudited)		—		—		8,625,000		863		—		(18,100,480	)		(18,099,617	)
Remeasurement of Class A Common Stock subject to possible redemption value		—		—		—		—		—		(76,540	)		(76,540	)
Net loss		—		—		—		—		—		1,917,474			1,917,474
Balance - June 30, 2022 (Unaudited)		—	$	—		8,625,000	$	863	$	—	$	(16,259,546	)	$	(16,258,683	)
Balance - June 30, 2022		-		-		8,625,000		863		-		(16,259,546	)		(16,258,683	)
Remeasurement of Class A common stock subject to possible redemption value		—		—		—		—		—		(1,135,405	)		(1,135,405	)
Net loss		—		—		—		—		—		(1,541,106	)		(1,541,106	)
Balance - September 30, 2022		—	$	—		8,625,000	$	863	$	—	$	(18,936,057	)	$	(18,935,194	)

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

SOCIAL LEVERAGE ACQUISITION CORP I

~~Condensed Consolidated~~CONDENSED ~~Statements~~CONSOLIDATED OfSTATEMENTS ~~Cash~~OF ~~Flows~~CASH FLOWS (~~Unaudited~~UNAUDITED)

	For The Six Months Ended June 30,
	For The Nine Months Ended September 30,
	2023			2022
Cash Flows from Operating Activities:
Net (loss) income	$	(31,~~500~~740,~~518~~978	)	$	76,~~761~~220,~~234~~128
Adjustments to reconcile net (loss) income to net cash used in operating activities:
Change in fair value of derivative warrant liabilities		1(145,~~902,290~~210	)		(98,~~945~~775,000	)
Reduction in deferred underwriting commissions		(335,685	)		—
Income from investments held in Trust Account		(~~261~~436,~~978~~040	)		(~~490~~2,~~137~~057,158	)
Interest on working capital loan - related party		3452,~~699~~336			824,~~729~~430
Changes in operating assets and liabilities:
Prepaid expenses		1956,~~027~~993			~~229~~327,~~347~~771
Due from related parties		—			(415,~~008~~317	)
Accounts payable		~~258~~265,~~147~~554			~~247~~325,~~128~~204
Accrued expenses		1,~~437~~694,~~451~~749			12,~~767~~904,~~797~~897
Income tax payable		(~~912~~882,~~294~~889	)		44426,~~608~~224
Franchise tax payable		—			(97169,~~485~~885	)
Net cash used in operating activities		(1,~~358~~471,~~861~~170	)		(~~477~~788,~~787~~706	)
Cash Flows from Investing Activities:
Investment income released from Trust Account to pay for taxes		69,600			—365,450
Cash withdrawn from Trust Account in connection with redemption		967,765			—
Net cash provided by investing activities		1,037,365			—365,450
Cash Flows from Financing Activities:
Proceeds from working capital loan - related party		—			~~361~~699,~~540~~732
Redemption of common stock		(967,765	)		—
Net cash (used in) provided by financing activities		(967,765	)		~~361~~699,~~540~~732
Net decrease in cash		(1,~~289~~401,~~261~~570	)		~~(116~~276,~~247~~476	)
Cash - beginning of the period		1,666,647			250,390
Cash - end of the period	$	~~377~~265,~~386~~077			~~134~~526,~~143~~866
Supplemental disclosure of noncash activities:
Remeasurement of Class A Common Stock subject to possible redemption amount	$	~~186~~314,~~478~~735		$	761,~~540~~211,945
Reduction of deferred underwriting commissions	$	11,739,315		$	—
Excise taxes related to redemptions	$	9,678		$	—
Supplemental Cash Flow Information
Income taxes paid	$	1,048,152		$	—

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

SOCIAL LEVERAGE ACQUISITION CORP I

~~Notes To~~NOTES ~~Unaudited~~TO ~~Condensed~~UNAUDITED ~~Consolidated~~CONDENSED ~~Financial~~CONSOLIDATED ~~Statements~~FINANCIAL STATEMENTS

NOTE 1 - DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS

Social Leverage Acquisition Corp I (the “Company”) is a blank check company incorporated in Delaware on December 1, 2020. The Company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses (the “Business Combination”). The Company is an early stage and emerging growth company and, as such, the Company is subject to all of the risks associated with early stage and emerging growth companies.

As of ~~June~~September 30, 2023, the Company had not ~~commenced~~ commenced any operations. All activity for the period from December 1, 2020 (inception) through ~~June~~September 30, 2023, relates to the Company’s ~~formation~~ formation and the initial public offering (the “Initial Public Offering”) and identifying a target company for a Business Combination. The Company will not generate any operating revenues until after the completion of its initial Business Combination, at the earliest. The Company will generate non-operating income in the form of interest and other income on investments of the proceeds derived from the Initial Public Offering.

The Company’s sponsor is Social Leverage Acquisition Sponsor I LLC, a Delaware limited liability company (the “Sponsor”). The registration statement for the Company’s Initial Public Offering was declared effective on February 11, 2021. On February 17, 2021, the Company consummated its Initial Public Offering of 34,500,000 units (the “Units” and, with respect to the Class A Common Stock included in the Units being offered, the “Public Shares”), including the exercise of the underwriters’ option to purchase 4,500,000 additional Units (the “Option Units”), at $10.00 per Unit, generating gross proceeds of $345.0 million, and incurring offering costs of approximately $19.7 million, of which approximately $12.1 million and approximately $152,000 was for deferred underwriting commissions and Deferred Legal Fees (as defined below), respectively (see Note 5).

Simultaneously with the closing of the Initial Public Offering, the Company consummated the private placement (“Private Placement”) of 6,000,000 warrants (each, a “Private Placement Warrant” and collectively, the “Private Placement Warrants”) at a price of $1.50 per Private Placement Warrant to the Sponsor, generating proceeds of $9.0 million (see Note 4).

Upon the closing of the Initial Public Offering and the Private Placement, $345.0 million ($10.00 per Unit) of the net proceeds of the Initial Public Offering and certain of the proceeds of the Private Placement was placed in a trust account located in the United States with Continental Stock Transfer & Trust Company acting as trustee (the “Trust Account”), and invested only in U.S. government securities with a maturity of 185 days or less or in money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act of 1940, as amended (the “Investment Company Act”), which invest only in direct U.S. government treasury obligations, as determined by the Company, until the earlier of: (i) the completion of a Business Combination and (ii) the distribution of the Trust Account as described below.

The Company’s management has broad discretion with respect to the specific application of the net proceeds of the Initial Public Offering and the sale of Private Placement Warrants, although substantially all of the net proceeds are intended to be applied generally toward consummating a Business Combination. There is no assurance that the Company will be able to complete a Business Combination successfully. The Company must complete its initial Business Combination with one or more operating businesses or assets having an aggregate fair market value of at least 80% of the net assets held in the Trust Account (excluding the deferred underwriting commissions and taxes payable on the income earned on the Trust Account) at the time of the agreement to enter into the initial Business Combination. However, the Company will only complete a Business Combination if the post-transaction company owns or acquires 50% or more of the outstanding voting securities of the target or otherwise acquires a controlling interest in the target business sufficient for it not to be required to register as an investment company under the Investment Company Act.

The Company will provide the holders (the “Public Stockholders”) of the Public Shares with the opportunity to redeem all or a portion of their Public Shares upon the completion of a Business Combination either (i) in connection with a stockholder meeting called to approve the Business Combination or (ii) by means of a tender offer. The decision as to whether the Company will seek stockholder approval of a Business Combination or conduct a tender offer will be made by the Company, solely in its discretion, subject to applicable law and stock exchange listing requirements. The Public Stockholders will be entitled to redeem their Public Shares for a pro rata portion of the amount then held in the Trust Account (initially anticipated to be $10.00 per Public Share). The per-share amount to be distributed to Public Stockholders who redeem their Public Shares will not be reduced by the deferred underwriting commissions the Company will pay to the underwriters (as discussed in Note 5). These Public Shares will be recorded at a redemption value and classified as temporary equity upon the completion of the Initial Public Offering in accordance with the Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification (“ASC”) Topic 480 Distinguishing Liabilities from Equity (“ASC 480”). The Company will proceed with a Business Combination only if a majority of the shares voted are voted in favor of the Business Combination. If a stockholder vote is not required by applicable law or stock exchange listing requirements and the Company does not decide to hold a stockholder vote for business or other reasons, the Company will, pursuant to its Amended and Restated Certificate of Incorporation, conduct the redemptions pursuant to the tender offer rules of the U.S. Securities and Exchange Commission (the “SEC”) and file tender offer documents with the SEC prior to completing a Business Combination. If, however, stockholder approval of the transaction is required by applicable law or stock exchange listing requirements, or the Company decides to obtain stockholder approval for business or other reasons, the Company will offer to redeem shares in conjunction with a proxy solicitation pursuant to the proxy rules and not pursuant to the tender offer rules. Additionally, each Public Stockholder may elect to redeem their Public Shares irrespective of whether they vote for or against the proposed transaction. If the Company seeks stockholder approval in connection with a Business Combination, the initial stockholders (as defined below) agreed to vote their Founder Shares (as defined below in Note 4) and any Public Shares purchased during or after the Initial Public Offering in favor of a Business Combination or do not vote at all. In addition, the initial stockholders agreed to waive their redemption rights with respect to their Founder Shares and Public Shares in connection with the completion of a Business Combination.

The Company’s Amended and Restated Certificate of Incorporation provides that a Public Stockholder, together with any affiliate of such stockholder or any other person with whom such stockholder is acting in concert or as a “group” (as defined under Section 13 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), will be restricted from redeeming its Public Shares with respect to more than an aggregate of 15% of the Public Shares, without the prior consent of the Company. The Sponsor and the Company’s officers and directors (the “initial stockholders”) agreed not to propose an amendment to the Amended and Restated Certificate of Incorporation to modify the substance or timing of the Company’s obligation to allow redemptions in connection with its initial Business Combination or redeem 100% of the Public Shares if the Company does not complete a Business Combination within the initial Combination Period (as defined below) or with respect to any other provisions relating to stockholders’ rights or pre-initial Business Combination activity, unless the Company provides the Public Stockholders with the opportunity to redeem their Public Shares in conjunction with any such amendment.

If the Company is unable to complete a Business Combination by February 17, 2024 (the “Combination Period”), the Company will (1) cease all operations except for the purpose of winding up; (2) as promptly as reasonably possible but not more than ten business days thereafter, subject to lawfully available funds therefor, redeem the Public Shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned on the funds in the Trust Account (net of taxes payable and less up to $100,000 of interest to pay dissolution expenses), divided by the number of then issued and outstanding Public Shares, which redemption will completely extinguish Public Stockholders’ rights as stockholders (including the right to receive further liquidating distributions, if any) and (3) as promptly as reasonably possible following such redemption, subject to the approval of the remaining stockholders and the Company’s board of directors, liquidate and dissolve, subject in each case to the Company’s obligations under Delaware law to provide for claims of creditors and the requirements of other applicable law.

OnThe ~~May~~initial 12stockholders agreed to waive their rights to liquidating distributions from the Trust Account with respect to the Founder Shares if the Company fails to complete a Business Combination within the Combination Period. However, ~~2023~~if the initial stockholders acquire Public Shares in or after the Initial Public Offering, they will be entitled to liquidating distributions from the Trust Account with respect to such Public Shares if the Company fails to complete a Business Combination within the Combination Period. The underwriters agreed to waive their rights to the deferred underwriting commission (see Note 5) held in the Trust Account in the event the Company does not complete a ~~special~~Business ~~meeting~~Combination within the Combination Period and, in such event, such amounts will be included with the other funds held in the Trust Account that will be available to fund the redemption of ~~stockholders~~the ~~and~~Public ~~approved~~Shares. aIn ~~second~~the ~~amendment~~event of such distribution, it is possible that the per share value in the Trust Account will be only $10.00 or potentially less. In order to protect the amounts held in the Trust Account, the Sponsor agreed to be liable to the Company’s ~~amended~~if and to ~~restated~~the ~~certificate~~extent ofany ~~incorporation~~claims by a third party (except for the ~~“Charter”~~Company’s independent registered public accounting firm) for services rendered or products sold to ~~implement~~the Company, or a prospective target business with which the ~~Charter~~Company ~~Amendment~~has ~~Proposal~~discussed entering into a transaction agreement (asa ~~defined~~“Target”), reduce the amount of funds in the Trust Account to below the lesser of (i) $10.00 per Public Share and (ii) the ~~“Charter~~actual ~~Amendment”)~~amount toper ~~extend~~Public Share held in the Trust Account as of the date byof ~~which~~the liquidation of the ~~Company~~Trust Account, if less ~~has~~than to$10.00 ~~consummate~~per aPublic ~~business~~Share ~~combination~~due ~~for~~to anreductions ~~additional~~in ~~nine~~the ~~months~~value of the trust assets, ~~from~~less ~~May~~taxes 17payable, ~~2023~~provided that such liability will not apply to ~~February~~any 17claims by a third party or Target that executed a waiver of any and all rights to the monies held in the Trust Account (whether or not such waiver is enforceable) nor will it apply to any claims under the Company’s indemnity of the underwriters of the Initial Public Offering against certain liabilities, ~~2024~~including liabilities under the Securities Act of 1933, as amended (the “~~Charter Amendment~~Securities ~~Proposal~~Act”). The Company will seek to reduce the possibility that the Sponsor will have to indemnify the Trust Account due to claims of creditors by endeavoring to have all vendors, service providers, Targets and other entities with which the Company does business, execute agreements with the Company waiving any right, title, interest or claim of any kind in or to monies held in the Trust Account.

~~The~~Liquidity ~~foregoing description is qualified in its entirety by reference to the full text of the Charter Amendment, filed as Exhibit 3.1 to the Company’s Current Report on Form 8-K dated May 17, 2023,~~ and ~~incorporated~~Going ~~by reference herein.~~Concern

InAs ~~connection~~of ~~with~~September ~~the~~30, ~~Charter Amendment~~2023, the ~~holders~~ ofCompany ~~95,152~~had ~~shares~~approximately of$265,000 ~~Class~~in its Aoperating ~~Common~~bank ~~Stock~~account ~~properly~~and ~~exercised~~working ~~their~~capital ~~right~~deficit ~~to redeem their shares for cash at a redemption price~~ of approximately $106.171 ~~per share, for an aggregate redemption amount of approximately $967,742~~million.

~~The~~In ~~initial~~connection ~~stockholders agreed to waive their rights to liquidating distributions from the Trust Account~~ with ~~respect to~~ the ~~Founder Shares if the~~ Company’s ~~fails to complete a Business~~assessment ~~Combination~~of ~~within~~going ~~the~~concern ~~Combination~~considerations ~~Period. However, if the initial stockholders acquire Public Shares~~ in oraccordance ~~after the Initial Public Offering, they will be entitled to liquidating distributions from the Trust Account~~ with ~~respect~~FASB toAccounting ~~such~~Standards ~~Public~~Update ~~Shares~~(“ASU”) if2014-15, ~~the~~“Disclosures ~~Company fails to complete~~of aUncertainties ~~Business~~about ~~Combination~~an ~~within~~Entity’s ~~the~~Ability ~~Combination Period. The underwriters agreed~~ to ~~waive~~Continue ~~their~~as ~~rights to the deferred underwriting commission (see Note 5) held in the Trust Account in the event the Company does not complete~~ a ~~Business~~Going ~~Combination within the Combination Period and~~Concern,” inmanagement ~~such~~has ~~event,~~determined ~~such amounts will be included with the other funds held in the Trust Account~~ that ~~will be available to fund~~ the ~~redemption of the Public Shares. In the event of such distribution~~liquidity, ~~it is possible that~~ the ~~per share value in the Trust Account will be only $10.00~~ ormandatory ~~potentially~~liquidation ~~less. In order to protect the amounts held in the Trust Account, the Sponsor agreed to be liable to the Company if~~ and to the ~~extent~~subsequent ~~any~~dissolution ~~claims~~raise bysubstantial adoubt ~~third~~about ~~party (except for~~ the Company’s ~~independent~~ability ~~registered public accounting firm) for services rendered or products sold~~ to ~~the~~continue ~~Company,~~as or a ~~prospective target business with which the Company has discussed entering into a transaction~~going ~~agreement~~concern. (aNo ~~“Target”),~~adjustments ~~reduce~~have ~~the~~been ~~amount~~made ~~of funds in the Trust Account~~ to ~~below~~ the ~~lesser~~carrying ofamounts ~~(i) $10.00 per Public Share and (ii) the actual amount per Public Share held in the Trust Account as~~ of ~~the~~assets ~~date~~or ofliabilities ~~the~~should ~~liquidation of~~ the ~~Trust~~Company ~~Account,~~be ifrequired ~~less than $10.00 per Public Share due~~ to ~~reductions~~liquidate inafter February ~~the value of the trust assets~~17, ~~less~~2024. ~~taxes~~The ~~payable,~~condensed ~~provided~~consolidated ~~that~~financial ~~such~~statements ~~liability will~~do not ~~apply~~include to any ~~claims~~adjustment ~~by a third party or Target~~ that ~~executed~~might abe ~~waiver~~necessary ofif ~~any and all rights to~~ the ~~monies held in the Trust Account~~Company ~~(whether or not such waiver~~ is ~~enforceable)~~unable ~~nor will it apply~~ to ~~any~~continue ~~claims under the Company’s indemnity of the underwriters of the Initial Public Offering against certain liabilities, including liabilities under the Securities Act of 1933,~~ as ~~amended~~a ~~(the~~going ~~“Securities Act”)~~concern. ~~The~~Management ~~Company~~plans ~~will seek~~ to ~~reduce~~consummate ~~the~~a ~~possibility~~Business ~~that~~Combination ~~the~~prior ~~Sponsor will have~~ to ~~indemnify~~ the ~~Trust~~mandatory ~~Account~~liquidation due to claims of creditors by endeavoring to have all vendors, service providers, Targets and other entities with which the Company does business, execute agreements with the Company waiving any right, title, interest or claim of any kind in or to monies held in the Trust Accountdate.

6Risks and Uncertainties

~~Liquidity~~Management is currently evaluating the impact of the COVID-19 global pandemic and ~~Going~~has ~~Concern~~concluded that while it is reasonably possible that the virus could have a negative effect on the Company’s financial position, results of its operations, and/or search for a target company, the specific impact is not readily determinable as of the date of these consolidated financial statement. The condensed consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.

AsIn February 2022, the Russian Federation and Belarus commenced a military action with the country of ~~June~~Ukraine. 30As a result of this action, ~~2023~~various nations, including the ~~Company~~United ~~had~~States, ~~approximately~~have instituted ~~$377~~economic sanctions against the Russian Federation and Belarus. Recently in October 2023,~~000~~ the military conflict between Israel and militant groups led by Hamas has also caused uncertainty in ~~its~~the ~~operating~~global ~~bank~~markets. ~~account~~The impact of these actions and ~~working~~related ~~capital~~sanctions on ~~deficit~~the world economy are not determinable as of ~~approximately~~the $5date of these condensed consolidated financial statements.7 The specific impact on ~~million~~the Company’s financial condition, results of operations, and cash flows is also not determinable as of the date of these condensed consolidated financial statements.

In connection with the Company’s assessment of going concern considerations in accordance with FASB Accounting Standards Update (“ASU”) 2014-15, “Disclosures of Uncertainties about an Entity’s Ability to Continue as a Going Concern,” management has determined that the liquidity, the mandatory liquidation and the subsequent dissolution raise substantial doubt about the Company’s ability to continue as a going concern. No adjustments have been made to the carrying amounts of assets or liabilities should the Company be required to liquidate after February 17, 2024. The condensed consolidated financial statements do not include any adjustment that might be necessary if the Company is unable to continue as a going concern. Management plans to consummate a Business Combination prior to the mandatory liquidation date.6

~~Risks~~On August 16, 2022, the Inflation Reduction Act of 2022 was signed into federal law. The Inflation Reduction Act provides for, among other things, a new U.S. federal 1% excise tax on certain repurchases of stock by publicly traded U.S. domestic corporations and ~~Uncertainties~~certain U.S. domestic subsidiaries of publicly traded foreign corporations occurring on or after January 1, 2023. The excise tax is imposed on the repurchasing corporation itself, not its stockholders from which shares are repurchased. The amount of the excise tax is generally 1% of the fair market value of the shares repurchased at the time of the repurchase. However, for purposes of calculating the excise tax, repurchasing corporations are permitted to net the fair market value of certain new stock issuances against the fair market value of stock repurchases during the same taxable year. In addition, certain exceptions apply to the excise tax. The U.S. Department of the Treasury (the “Treasury”) has been given authority to provide regulations and other guidance to carry out and prevent the abuse or avoidance of the excise tax. Any share redemption or other share repurchase that occurs after December 31, 2022, in connection with a Business Combination, extension vote or otherwise, may be subject to the excise tax. Whether and to what extent the Company would be subject to the excise tax in connection with a Business Combination, extension vote or otherwise will depend on a number of factors, including (i) the fair market value of the redemptions and repurchases in connection with the Business Combination, extension or otherwise, (ii) the structure of a Business Combination, (iii) the nature and amount of any “PIPE” or other equity issuances in connection with a Business Combination (or otherwise issued not in connection with a Business Combination but issued within the same taxable year of a Business Combination) and (iv) the content of regulations and other guidance from the Treasury. In addition, because the excise tax would be payable by the Company and not by the redeeming holder, the mechanics of any required payment of the excise tax have not been determined. The foregoing could cause a reduction in the cash available on hand to complete a Business Combination and in the Company’s ability to complete a Business Combination.

~~Management is~~Proposed ~~currently~~W3BCLOUD ~~evaluating~~Business the impact of the COVID-19 global pandemic and has concluded that while it is reasonably possible that the virus could have a negative effect on the Company’s financial position, results of its operations, and/or search for a target company, the specific impact is not readily determinable as of the date of these consolidated financial statement. The condensed consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.Combination

~~In February~~On July 31, 2022, the ~~Russian~~Company ~~Federation~~entered ~~and~~into ~~Belarus~~a ~~commenced~~business combination aagreement, ~~military~~by ~~action~~and ~~with~~among the ~~country~~Company, ofSLAC ~~Ukraine.~~Merger AsSub, Inc., a ~~result~~wholly owned subsidiary of ~~this~~the ~~action~~Company (“Merger Sub”), ~~various~~and ~~nations,~~W3BCLOUD ~~including~~Holdings ~~the~~Inc. ~~United~~(“W3BCLOUD”) ~~States,~~(the ~~have~~“Original ~~instituted~~BCA”). ~~economic~~The ~~sanctions~~Original ~~against~~BCA and the ~~Russian~~business ~~Federation~~combination ~~and Belarus. Further,~~were ~~the~~unanimously ~~impact~~approved ofby ~~this~~the ~~action~~Company’s ~~and~~board ~~related~~of ~~sanctions~~directors on ~~the~~July ~~world~~8, ~~economy~~2022. ~~are~~On ~~not~~April ~~determinable~~21, as2023, of the ~~date~~Company, ofMerger ~~these~~Sub ~~condensed~~and ~~consolidated~~W3BCLOUD ~~financial~~executed ~~statements.~~an ~~The~~amendment ~~specific~~to ~~impact~~the onOriginal BCA (the ~~Company’s~~“BCA ~~financial~~Amendment” ~~condition,~~and ~~results~~together ofwith ~~operations,~~the ~~and~~Original ~~cash~~BCA, ~~flows~~the is“Business ~~also not~~Combination ~~determinable~~Agreement”) asrelating ofto the ~~date~~contemplated ofbusiness ~~these~~combination ~~condensed~~among ~~consolidated~~the ~~financial~~parties ~~statements~~thereto.

On ~~August~~ 16September 22, ~~2022~~2023, the ~~Inflation~~parties ~~Reduction~~to ~~Act~~the ofBusiness Combination ~~2022~~Agreement ~~was~~entered ~~signed~~ into ~~federal law. The Inflation Reduction Act provides for, among other things,~~ a ~~new~~Termination ~~U.S.~~Agreement federal 1% excise tax on certain repurchases of stock by publicly traded U.S. domestic corporations and certain U.S. domestic subsidiaries of publicly traded foreign corporations occurring on or after January 1, 2023. The excise tax is imposed on (the ~~repurchasing~~ ~~corporation~~“Termination ~~itself~~Agreement”), ~~not~~pursuant ~~its~~to ~~stockholders from~~ which, ~~shares~~among ~~are~~other ~~repurchased. The amount of the excise tax is generally 1%~~things, of the ~~fair~~parties ~~market~~agreed ~~value~~to ofmutually ~~the~~terminate ~~shares repurchased at~~ the ~~time~~Business ofCombination ~~the repurchase. However~~Agreement, ~~for~~effective ~~purposes~~as of ~~calculating~~September ~~the excise tax~~22, ~~repurchasing~~ ~~corporations~~2023 are permitted to net the fair market value of certain new stock issuances against the fair market value of stock repurchases during the same taxable year. In addition, certain exceptions apply to the excise tax. The U.S. Department of the Treasury (the “~~Treasury~~Termination”). As ~~has~~a ~~been~~result ~~given authority to provide regulations and other guidance to carry out and prevent the abuse or avoidance~~ of the ~~excise tax. Any share redemption or other share repurchase that occurs after December 31~~Termination, ~~2022,~~the ~~in connection with a~~ Business Combination, ~~extension~~Agreement ~~vote~~will ~~or otherwise, may~~ be ~~subject~~of tono ~~the~~further ~~excise~~force ~~tax.~~and ~~Whether~~effect, and ~~to what extent~~ the ~~Company~~Ancillary ~~would be~~Agreements ~~subject~~(as todefined ~~the excise tax~~ in ~~connection~~the ~~with a~~ Business Combination, ~~extension~~Agreement) ~~vote or otherwise~~ will ~~depend~~either onbe aterminated ~~number of factors, including (i) the fair market value of the redemptions and repurchases~~ in ~~connection~~accordance with ~~the~~their ~~Business~~terms ~~Combination, extension~~ or ~~otherwise, (ii)~~be ~~the structure~~ of ano ~~Business~~further ~~Combination,~~force and ~~(iii)~~effect. ~~the~~Neither ~~nature~~party ~~and~~will ~~amount~~be ofrequired ~~any~~to ~~“PIPE”~~pay orthe other ~~equity~~any ~~issuances~~fees ~~in connection with a Business Combination (~~or ~~otherwise~~expenses ~~issued~~as ~~not in connection with~~ a ~~Business~~result ~~Combination but issued within the same taxable year~~ of ~~a Business Combination) and (iv)~~ the ~~content of regulations and other guidance from the Treasury~~Termination. InThe ~~addition, because the excise tax would be payable by the~~ Company and ~~not~~W3BCLOUD have byalso ~~the redeeming holder~~agreed, ~~the~~on ~~mechanics~~behalf of ~~any~~themselves ~~required~~and ~~payment~~their ofrespective ~~the~~related ~~excise~~parties, ~~tax~~to ~~have not been determined. The foregoing could cause~~ a ~~reduction~~release inof ~~the~~claims ~~cash~~relating ~~available on hand~~ to ~~complete~~the atransactions ~~Business~~contemplated under ~~Combination and in~~ the ~~Company’s ability to complete a~~ Business Combination Agreement.

~~Proposed W3BCLOUD~~The foregoing description of the Business Combination Agreement, the Termination and the Termination Agreement does not purport to be complete and is qualified in its entirety by the terms and conditions and the full text of the Original BCA, a copy of which was previously filed with the SEC as Exhibit 2.1 to our Current Report on Form 8-K on August 1, 2022, as amended by the BCA Amendment, a copy of which was previously filed with the SEC as Exhibit 2.1 to our Current Report on Form 8-K on April 21, 2023, and to the full text of the Termination Agreement, a copy of which was previously filed with the SEC as Exhibit 10.1 to our Current Report on Form 8-K on September 22, 2023.

~~On July~~First 31, 2022, the Company entered into a business combination agreement, by and among the Company, SLAC Merger Sub, Inc., a wholly owned subsidiary of the Company (“Merger Sub”), and W3BCLOUD Holdings Inc. (“W3BCLOUD”) (the “Business Combination Agreement”). The Business Combination Agreement and the business combination were unanimously approved by the Company’s board of directors on July 8, 2022. If the Business Combination Agreement is approved by the Company’s stockholders and the transactions contemplated by the Business Combination Agreement are consummated (i) W3BCLOUD will merge with and into Merger Sub (the “Merger”), with W3BCLOUD surviving the Merger as a wholly owned subsidiary of New W3BCLOUD (as defined below) and (ii) the Company will be renamed W3BCLOUD, Inc. and is referred to herein as “New W3BCLOUD” following the consummation of the Merger (collectively, the “W3BCLOUD Business Combination”). On April 21, 2023, the Company, Merger Sub and W3BCLOUD executed an amendment to the Business Combination Agreement (the “BCA Amendment~~”).~~ For more information about the W3BCLOUD Business Combination, the Business Combination Agreement and the BCA Amendment, see our Current Report on Form 8-K filed with the SEC on August 1, 2022, our Current Report on Form 8-K filed with the SEC on April 21, 2023 and our preliminary proxy statement originally filed on September 9, 2022, as subsequently amended, in connection with the approval of the W3BCLOUD Business Combination (as amended, the “W3BCLOUD Proxy Statement”). Unless specifically stated, this Quarterly Report does not give effect to ~~the~~Sponsor ~~proposed~~Letter ~~W3BCLOUD Business Combination and does not contain the risks associated with the proposed W3BCLOUD Business Combination.~~Agreement

7On April 21, 2023, the Company, W3BCLOUD, the Sponsor and certain other persons named therein (the “Insiders”) entered into an amendment (the “First Amendment to Sponsor Letter Agreement”) to that certain Sponsor Letter Agreement, dated as of July 31, 2022 (the “Sponsor Letter Agreement”), by and among the Company, W3BCLOUD, the Sponsor and the Insiders. Pursuant to the Termination and Termination Agreement, the Sponsor Letter Agreement and First Amendment to Sponsor Letter Agreement has been terminated.

~~On April 21, 2023, the Company, Merger Sub and W3BCLOUD entered into that certain Amendment to the Business Combination Agreement (the “Amendment”). The Amendment, among other things:~~7

~~(i)~~NOTE ~~amends~~2 ~~certain~~- ~~defined~~BASIS ~~terms~~OF toPRESENTATION ~~reflect~~AND anSUMMARY ~~adjustment~~OF toSIGNIFICANT ~~the pro forma enterprise value of W3BCLOUD from $1.25 billion to $700 million;~~ACCOUNTING POLICIES

~~(ii)~~Basis amends the Minimum Cash Balance (as defined in the Business Combination Agreement) closing condition, by replacing $150 million as the Minimum Cash Balance (as defined in the Business Combination Agreement) with a new definition consisting of the sum of $40 million, meaning that, as a condition to the obligation of W3BCLOUD to consummate the Business Combination, the aggregate cash proceeds available for release from the Company’s Trust Account (after giving effect to any redemptions of public shares, if any), together with the proceeds from the Subscription Agreements (as defined in the Business Combination Agreement), Transaction Financing (as defined in the Business Combination Agreement) and any amount funded to W3BCLOUD in the form of equity or convertible or non-convertible debt, must be at least $40 million; andPresentation

The accompanying unaudited condensed consolidated financial statements are presented in U.S. dollars in conformity with accounting principles generally accepted in the United States of America (~~iii~~“GAAP”) ~~reflects~~for aninterim ~~agreement~~financial ~~among~~information and with the ~~Company~~instructions to Form 10-Q and ~~certain~~Article ~~stockholders~~8 of Regulation S-X and pursuant to the ~~Company~~rules ~~regarding~~and ~~such~~regulations ~~stockholders~~of ~~agreeing~~the toSEC. Accordingly, they do not ~~seek~~include ~~redemption~~all orof ~~reverse~~the ~~any~~information ~~previously~~and ~~submitted~~footnotes ~~redemption~~required ~~demand~~by GAAP. In the opinion of management, the unaudited condensed consolidated financial statements reflect all adjustments, which include only normal recurring adjustments necessary for the fair statement of ~~shares~~the ~~issued~~balances inand results for the ~~Company’s~~periods ~~Initial~~presented. ~~Public~~Operating ~~Offering~~results for the three and nine months ended September 30, 2023 are not necessarily indicative of the results that may be expected through December 31, 2023.

The ~~foregoing~~ ~~description~~accompanying ofunaudited ~~the~~condensed ~~Amendment~~consolidated financial ~~does~~statements ~~not~~should ~~purport~~be toread bein ~~complete~~conjunction ~~and~~with isthe ~~qualified~~Company’s inAnnual ~~its~~Report ~~entirety~~on byForm 10-K for the ~~terms~~year ~~and~~ended ~~conditions~~December of31, 2022, as filed with the ~~Amendment~~SEC on March 29, a2023, ~~copy~~which contains the audited financial statements and notes thereto. The financial information as of ~~which~~December 31, 2022 is ~~filed~~derived asfrom ~~Exhibit~~the ~~2.1~~audited tofinancial statements presented in the Company’s ~~Current~~Annual Report on Form 810-K for the year ended December 31, 2022, as filed with the SEC on ~~April 21~~March 29, 2023.

~~First Amendment~~Principles toof ~~Sponsor Letter Agreement~~Consolidation

~~On April 21,~~The ~~2023,~~consolidated ~~the~~financial ~~Company,~~statements ~~W3BCLOUD,~~of the ~~Sponsor~~Company include ~~and~~its ~~certain~~wholly ~~other~~owned ~~persons~~subsidiary ~~named~~in ~~therein~~connection ~~(the~~with ~~“Insiders”) entered into an amendment (~~the ~~“First~~proposed ~~Amendment~~Business toCombination. ~~Sponsor~~All ~~Letter~~intercompany ~~Agreement”)~~accounts toand ~~that~~transactions ~~certain Sponsor Letter Agreement, dated as~~are ofeliminated ~~July 31,~~in ~~2022 (the “Sponsor Letter Agreement”), by and among the Company, W3BCLOUD, the Sponsor and the Insiders~~consolidation.

~~Pursuant to~~Emerging ~~the~~Growth First Amendment to Sponsor Letter Agreement, the Sponsor Letter Agreement was amended to, among other things, provide that, effective as of and conditioned upon the closing of the Business Combination, of the 8,625,000 shares of the Company’s Class B Common Stock (the “Sponsor Shares”), 4,312,500 Sponsor Shares shall be transferred (or otherwise forfeited and new shares of the Company’s Class A Common Stock be issued by the Company) to non-redeeming stockholders of the Company, to certain investors in a potential private investment in public equity (“PIPE”) financing in connection with the consummation of the Business Combination or for other purposes agreed to by the Sponsor, the Company and W3BCLOUD (the “Incentive Shares”). Any Incentive Shares which are not so utilized in connection with non-redemption agreements, PIPE financings or for other purposes agreed to by the Sponsor, the Company and W3BCLOUD will be surrendered by the Sponsor at the closing of the Business Combination without consideration. Prior to this amendment, the Sponsor had agreed to utilize (or otherwise surrender) 2,587,500 Sponsor Shares for this purpose.

The ~~foregoing~~ ~~description~~Company is ~~qualified~~an “emerging growth company,” as defined in ~~its~~Section ~~entirety~~2(a) byof ~~reference~~the toSecurities Act, as modified by the ~~full~~Jumpstart ~~text~~Our Business Startups Act of 2012 (the ~~First~~“JOBS ~~Amendment~~Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to ~~Sponsor~~other ~~Letter~~public ~~Agreement,~~companies that aare ~~copy~~not ofemerging ~~which~~growth iscompanies, ~~filed~~including, asbut ~~Exhibit~~not ~~10.1~~limited to, not being required to comply with the ~~Company’s~~independent ~~Current~~registered ~~Report~~public accounting onfirm ~~Form~~attestation 8requirements of Section 404 of the Sarbanes-KOxley Act, ~~filed~~reduced ~~with~~disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the ~~SEC~~requirements of holding a nonbinding advisory vote on ~~April~~executive ~~21,~~compensation ~~2023~~and stockholder approval of any golden parachute payments not previously approved.

~~NOTE~~Further, Section 102(b)(1) of the JOBS Act exempts 2emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that an emerging growth company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging ~~BASIS~~growth companies OFbut ~~PRESENTATION~~any ~~AND~~such ~~SUMMARY~~an OFelection ~~SIGNIFICANT~~to ~~ACCOUNTING~~opt ~~POLICIES~~out is irrevocable. The Company has elected not to opt out of such extended transition period, which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s financial statements with another public company that is neither an emerging growth company nor an emerging growth company that has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used.

~~Basis~~ Use of ~~Presentation~~Estimates

The ~~accompanying~~ ~~unaudited~~preparation of condensed consolidated financial statements ~~are presented~~ in ~~U.S. dollars in~~ conformity with ~~accounting~~GAAP ~~principles generally~~requires ~~accepted~~management into ~~the~~make ~~United~~estimates ~~States~~and ofassumptions ~~America~~that ~~(“GAAP”)~~affect ~~for~~the ~~interim~~reported ~~financial~~amounts ~~information~~of assets and liabilities ~~with~~and ~~the~~disclosure ~~instructions~~of ~~to Form~~contingent ~~10-Q~~assets and ~~Article~~liabilities 8at the date of ~~Regulation~~the ~~S-X~~financial statements and ~~pursuant~~the toreported ~~the~~amounts ~~rules~~of revenues and ~~regulations~~expenses ofduring the ~~SEC~~reporting period. ~~Accordingly,~~Making ~~they~~estimates dorequires ~~not~~management ~~include~~to ~~all of~~exercise ~~the~~significant ~~information~~judgment. ~~and~~It ~~footnotes~~is ~~required~~at byleast ~~GAAP.~~reasonably possible Inthat the ~~opinion~~estimate of ~~management,~~ the ~~unaudited~~effect ~~condensed~~of ~~consolidated~~a ~~financial statements reflect all adjustments~~condition, ~~which~~situation ~~include~~or ~~only~~set ~~normal~~of ~~recurring~~circumstances ~~adjustments~~that ~~necessary~~existed ~~for~~at the ~~fair~~date ~~statement~~ of the ~~balances~~condensed ~~and results~~consolidated ~~for~~financial ~~the~~statements, ~~periods~~which ~~presented.~~management ~~Operating~~considered ~~results~~in ~~for~~formulating ~~the~~its ~~three~~estimate, ~~and~~could ~~six~~change ~~months~~in ~~ended~~the ~~June~~near ~~30,~~term ~~2023~~due ~~are~~to ~~not~~one ~~necessarily~~or ~~indicative~~more ~~of the results~~future ~~that~~confirming ~~may~~events. beActual ~~expected~~results ~~through~~could ~~December~~differ ~~31,~~from ~~2023~~those estimates.

8Concentration of Credit Risk

~~The accompanying~~Financial ~~unaudited~~instruments ~~condensed~~that ~~consolidated~~potentially ~~financial statements should be read in conjunction with~~ subject the Company’s ~~Annual~~to ~~Report on~~concentrations ~~Form~~of ~~10-K~~credit ~~for~~risk ~~the~~consist ~~year~~of ~~ended~~cash ~~December~~accounts ~~31,~~in ~~2022,~~a asfinancial ~~filed with the SEC on March 29~~institution, ~~2023~~which, ~~which~~at ~~contains the audited financial statements and notes thereto. The financial information as of December 31~~times, ~~2022~~may isexceed ~~derived from~~ the ~~audited financial statements presented in the~~Federal ~~Company’s~~Deposit ~~Annual~~Insurance ~~Report~~Corporation on(“FDIC”) ~~Form~~coverage ~~10-K~~limit ~~for~~of ~~the year ended December 31~~$250, ~~2022, as filed with the SEC on March 29, 2023~~000.

~~Principles of Consolidation~~8

~~The~~On March 12, 2023, the Company and the Sponsor ~~consolidated~~entered ~~financial~~into ~~statements~~a ofCustody Agreement, where the Company ~~include~~transferred ~~its~~$104,000 ~~wholly~~to ~~owned~~the ~~subsidiary~~Sponsor into ~~connection~~mitigate ~~with~~any risks on cash accounts that exceed the ~~proposed~~FDIC ~~Business~~coverage ~~Combination~~limit. ~~All~~ ~~intercompany~~The ~~accounts~~Company ~~and~~has ~~transactions~~sole ~~are~~discretion ~~eliminated~~on inuse ~~consolidation~~of funds held under the Custody Agreement. On June 16, 2023, the Sponsor transferred $104,000 back to the Company’s cash account.

~~Emerging~~As of September 30, 2023 and December 31, 2022, ~~Growth~~the Company has not experienced losses on these accounts and management believes the Company is not exposed to significant risks on such accounts.

~~The Company~~Cash ~~is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”),~~ and itCash may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies, including, but not limited to, not being required to comply with the independent registered public accounting firm attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and stockholder approval of any golden parachute payments not previously approved.Equivalents

~~Further, Section~~The ~~102(b)(1)~~Company ofconsiders ~~the~~all ~~JOBS~~short-term ~~Act exempts emerging growth companies from being required to comply with new or revised financial accounting~~investments standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with ~~the new or revised financial accounting standards. The JOBS Act provides that~~ an ~~emerging~~original ~~growth~~maturity ~~company can elect to opt out~~ of ~~the~~three ~~extended~~months ~~transition~~or ~~period~~less ~~and~~when ~~comply~~purchased ~~with the requirements that apply~~ to ~~non-emerging~~be ~~growth~~cash ~~companies but any such an election to opt out is irrevocable~~equivalents. The Company ~~has~~had ~~elected not~~no tocash ~~opt~~equivalents ~~out~~as of ~~such extended transition period~~September 30, ~~which~~2023 ~~means that when a standard is issued or revised~~ and itDecember ~~has different application dates for public or private companies~~31, ~~the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard~~2022. This may make comparison of the Company’s financial statements with another public company that is neither an emerging growth company nor an emerging growth company that has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used.

~~Use of~~Investments ~~Estimates~~Held in the Trust Account

The ~~preparation~~ Company’s portfolio of ~~condensed~~investments ~~consolidated~~is comprised ~~financial~~of ~~statements~~cash inand ~~conformity~~U.S. ~~with~~government ~~GAAP~~securities, ~~requires~~within ~~management~~the tomeaning ~~make~~set ~~estimates~~forth ~~and~~in ~~assumptions that~~Section ~~affect~~2(a)(16) of the ~~reported~~Investment ~~amounts~~Company Act, with a maturity of ~~assets~~185 ~~and~~days ~~liabilities~~or ~~and~~less, ~~disclosure~~or ofinvestments ~~contingent~~in ~~assets~~money ~~and~~market ~~liabilities~~funds atthat ~~the~~invest ~~date~~in ofU.S. ~~the~~government ~~financial statements~~securities and ~~the~~generally ~~reported~~have ~~amounts~~a ofreadily determinable ~~revenues~~fair ~~and~~value, ~~expenses~~or ~~during~~a combination thereof. When the ~~reporting~~Company’s ~~period.~~investments ~~Making~~held ~~estimates~~in ~~requires~~the ~~management~~Trust toAccount ~~exercise significant~~are ~~judgment~~comprised of U.S. government Itsecurities, isthe atinvestments ~~least~~are ~~reasonably~~classified ~~possible~~as ~~that~~trading securities. When the ~~estimate~~Company’s ofinvestments held in the ~~effect~~Trust Account are comprised of amoney ~~condition~~market funds, ~~situation~~the orinvestments ~~set~~are ofrecognized ~~circumstances~~at fair value. Trading securities and investments in money market ~~that~~funds ~~existed~~are presented on the balance sheets at fair value at the ~~date~~end of each reporting period. Gains and losses resulting from the ~~condensed~~change in ~~consolidated~~fair ~~financial~~value ~~statements,~~of ~~which~~these ~~management~~securities ~~considered~~is included in ~~formulating~~income ~~its~~on ~~estimate, could~~investments ~~change~~held in the ~~near~~Trust ~~term~~Account ~~due~~in tothe ~~one~~accompanying orconsolidated ~~more~~statements of ~~future~~operations. ~~confirming~~The ~~events.~~estimated ~~Actual~~fair ~~results~~values ~~could~~of ~~differ~~investments ~~from~~held ~~those~~in ~~estimates~~the Trust Account are determined using available market information.

~~Concentration~~ Fair Value of ~~Credit~~Financial ~~Risk~~Instruments

~~Financial instruments~~The ~~that~~fair ~~potentially~~value ~~subject~~of the Company’s toassets ~~concentrations~~and liabilities ofwhich ~~credit~~qualify ~~risk~~as ~~consist~~financial ofinstruments ~~cash~~under ~~accounts~~the inFASB aASC ~~financial~~Topic ~~institution~~820, ~~which,~~ atFair ~~times,~~Value ~~may~~Measurements ~~exceed~~equals or approximate the ~~Federal~~carrying ~~Deposit~~amounts ~~Insurance~~represented ~~Corporation~~in ~~(“FDIC”)~~the ~~coverage~~consolidated ~~limit~~balance ~~of $250,000~~sheets.

~~On March~~Fair ~~12,~~Value 2023, the Company and the Sponsor entered into a Custody Agreement, where the Company transferred $104,000 to the Sponsor to mitigate any risks on cash accounts that exceed the FDIC coverage limit. The Company has sole discretion on use of funds held under the Custody Agreement. On June 16, 2023, the Sponsor transferred $104,000 back to the Company’s cash account.Measurements

AsFair value is defined as the price that would be received for sale of ~~June~~an ~~30,~~asset ~~2023~~or ~~and~~paid ~~December~~for ~~31,~~transfer ~~2022~~of a liability, ~~the~~in ~~Company~~an ~~has~~orderly ~~not~~transaction ~~experienced~~between ~~losses~~market onparticipants ~~these~~at ~~accounts~~the ~~and~~measurement date. ~~management~~GAAP ~~believes~~establishes a three-tier fair value hierarchy, which prioritizes the ~~Company~~inputs used in measuring fair value. The hierarchy gives isthe ~~not~~highest ~~exposed~~priority to ~~significant~~unadjusted ~~risks~~quoted onprices ~~such~~in ~~accounts~~active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). These tiers include:

~~Cash and~~● ~~Cash~~Level ~~Equivalents~~1, defined as observable inputs such as quoted prices (unadjusted) for identical instruments in active markets;

~~The Company~~● ~~considers~~Level ~~all~~2, ~~short-term~~defined ~~investments~~as ~~with~~inputs another ~~original~~than ~~maturity~~quoted ofprices ~~three~~in ~~months~~active markets that are either directly or ~~less~~indirectly ~~when~~observable ~~purchased~~such toas bequoted ~~cash~~prices ~~equivalents. The~~for ~~Company~~similar ~~had~~instruments noin ~~cash~~active ~~equivalents~~markets asor ofquoted ~~June~~prices ~~30,~~for ~~2023~~identical ~~and~~or ~~December~~similar ~~31,~~instruments ~~2022.~~in markets that are not active; and

9● Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable.

~~Investments~~In some circumstances, the inputs used to measure ~~Held~~fair value might be categorized within different levels of the fair value hierarchy. In those instances, the fair value measurement is categorized in its entirety in the ~~Trust~~fair ~~Account~~value hierarchy based on the lowest level input that is significant to the fair value measurement.

The Company’s portfolio of investments is comprised of cash and U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act, with a maturity of 185 days or less, or investments in money market funds that invest in U.S. government securities and generally have a readily determinable fair value, or a combination thereof. When the Company’s investments held in the Trust Account are comprised of U.S. government securities, the investments are classified as trading securities. When the Company’s investments held in the Trust Account are comprised of money market funds, the investments are recognized at fair value. Trading securities and investments in money market funds are presented on the balance sheets at fair value at the end of each reporting period. Gains and losses resulting from the change in fair value of these securities is included in income on investments held in the Trust Account in the accompanying consolidated statements of operations. The estimated fair values of investments held in the Trust Account are determined using available market information.9

~~Fair Value~~Offering ofCosts ~~Financial~~Associated ~~Instruments~~with the Initial Public Offering

~~The fair~~Offering ~~value~~costs consisted of ~~the~~legal, ~~Company’s~~accounting, underwriting ~~assets~~fees and ~~liabilities~~other ~~which~~costs ~~qualify~~incurred asthrough the Initial Public Offering that were directly related to the Initial Public Offering. Offering costs were allocated to the separable financial instruments ~~under~~issued in the ~~FASB~~Initial ~~ASC~~Public ~~Topic~~Offering ~~820~~based on a relative fair value basis, ~~Fair~~compared to total proceeds received. Offering costs associated with derivative warrant liabilities were expensed as incurred and ~~Value~~presented ~~Measurements~~as ~~equals~~non-operating orexpenses ~~approximate~~in the consolidated statements of operations. Offering costs associated with the Class A Common Stock issued were charged against the carrying ~~amounts~~value ~~represented~~of inthe Class A Common Stock subject to possible redemption upon the ~~consolidated~~completion ~~balance~~of ~~sheets~~the Initial Public Offering and exercise of the over-allotment option. The Company classifies deferred underwriting commissions as non-current liabilities as their liquidation is not reasonably expected to require the use of current assets or require the creation of current liabilities.

~~Fair Value~~Derivative ~~Measurements~~Warrant Liabilities

~~Fair value~~The isCompany ~~defined~~does asnot ~~the~~use ~~price~~derivative ~~that~~instruments to ~~would~~hedge beexposures ~~received~~to ~~for~~cash ~~sale~~flow, ofmarket, anor ~~asset~~foreign orcurrency ~~paid~~risks. ~~for~~The ~~transfer~~Company ofevaluates aall ~~liability,~~of inits anfinancial ~~orderly~~instruments, ~~transaction~~including ~~between~~issued ~~market~~stock ~~participants~~purchase atwarrants, ~~the~~to ~~measurement~~determine ~~date.~~if ~~GAAP~~such ~~establishes~~instruments aare ~~three-tier~~derivatives ~~fair~~or ~~value~~contain ~~hierarchy,~~features ~~which~~that ~~prioritizes~~qualify ~~the~~as ~~inputs~~embedded derivatives, ~~used~~pursuant into ~~measuring~~ASC ~~fair~~480 ~~value.~~and ~~The~~FASB ~~hierarchy~~ASC ~~gives~~Topic ~~the~~815, ~~highest~~Derivatives ~~priority~~and toHedging ~~unadjusted~~(“ASC ~~quoted~~815”). ~~prices~~The inclassification ~~active~~of ~~markets~~derivative ~~for~~instruments, including ~~identical~~whether ~~assets or~~such ~~liabilities~~instruments ~~(Level~~should 1be ~~measurements)~~recorded ~~and~~as ~~the~~liabilities ~~lowest~~or ~~priority~~as toequity, ~~unobservable~~is ~~inputs~~re-assessed ~~(Level~~at 3the ~~measurements).~~end ~~These~~of ~~tiers~~each ~~include:~~reporting period.

●The ~~Level~~8,625,000 1warrants issued in connection with the Initial Public Offering (the “Public Warrants”) and the 6,000,000 ~~defined~~Private Placement Warrants are recognized as ~~observable~~derivative liabilities ~~inputs~~in ~~such~~accordance with ASC 815. Accordingly, the Company recognizes the warrant instruments as ~~quoted~~liabilities ~~prices~~at ~~(unadjusted)~~fair ~~for~~value ~~identical~~and adjust the instruments into ~~active~~fair ~~markets;~~value at each reporting period. The liabilities are subject to remeasurement at each balance sheet date until exercised. For periods where no observable traded price is available, the Company utilized a Monte-Carlo simulation to estimate the fair value of the Public Warrants and used the Black-Scholes option pricing model to estimate the fair value of the Private Placement Warrants. Derivative warrant liabilities are classified as non-current liabilities as their liquidation is not reasonably expected to require the use of current assets or require the creation of current liabilities.

●Class ~~Level~~A 2,Common ~~defined~~Stock asSubject ~~inputs~~to ~~other~~Possible than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; andRedemption

●The ~~Level~~Company 3,accounts ~~defined~~for asits ~~unobservable~~Class ~~inputs~~A Common Stock subject to possible redemption in ~~which~~accordance ~~little~~with the guidance in ASC Topic 480 Distinguishing Liabilities from Equity. Class A Common Stock subject to mandatory redemption (if any) is classified as liability instruments and are measured at fair value. Conditionally redeemable Class A Common Stock (including Class A Common Stock that features redemption rights that are either within the control of the holder or nosubject ~~market~~to ~~data~~redemption ~~exists~~upon the occurrence of uncertain events not solely within the Company’s control) are classified as temporary equity. At all other times, ~~therefore~~Class ~~requiring~~A anCommon ~~entity~~Stock is classified as stockholders’ equity. The Company’s Class A Common Stock feature certain redemption rights that are considered to ~~develop~~be ~~its~~outside ~~own~~of ~~assumptions~~the Company’s control and subject to the occurrence of uncertain future events. Accordingly, ~~such~~1,557,134 and 1,652,286 shares of Class A Common Stock subject to possible redemption at redemption values of $10.52 and $10.30 per share as ~~valuations~~of ~~derived~~September ~~from~~30, ~~valuation~~2023 ~~techniques~~and inDecember ~~which~~31, ~~one~~2022, orrespectively, ~~more~~are ~~significant~~presented ~~inputs~~at redemption value as temporary equity, outside of the stockholders’ deficit section of the Company’s consolidated balance sheets. There was no non-redeemable Class A Common Stock issued or ~~significant~~outstanding ~~value~~as ~~drivers~~of ~~are~~September ~~unobservable~~30, 2023 and December 31, 2022.

~~In some~~The ~~circumstances,~~Company ~~the~~recognizes ~~inputs~~changes ~~used~~in toredemption ~~measure~~value immediately ~~fair~~as ~~value~~they ~~might~~occur beand ~~categorized~~adjusts ~~within~~the ~~different~~carrying ~~levels~~value of the ~~fair~~Class A Common Stock subject to possible redemption to equal the redemption value ~~hierarchy~~at the end of each reporting period. ~~In those~~Effective ~~instances,~~with the ~~fair~~closing ~~value~~of ~~measurement~~the isInitial ~~categorized~~Public inOffering ~~its~~(including ~~entirety~~exercise inof the ~~fair~~over-allotment option), the Company recognized the remeasurement from initial book value ~~hierarchy~~to ~~based~~redemption onamount, ~~the~~which ~~lowest~~resulted ~~level~~in ~~input that~~charges isagainst ~~significant~~additional paid-in capital (to the ~~fair~~extent ~~value~~available) ~~measurement~~and accumulated deficit.

~~Offering Costs~~Income ~~Associated with the Initial Public Offering~~Taxes

~~Offering costs~~The ~~consisted~~Company offollows ~~legal,~~the ~~accounting,~~asset ~~underwriting fees~~ and ~~other~~liability ~~costs~~method of ~~incurred~~accounting ~~through~~for ~~the~~income ~~Initial~~taxes ~~Public~~under ~~Offering~~FASB ~~that~~ASC ~~were~~Topic ~~directly related~~740, toIncome ~~the~~Taxes ~~Initial~~(“ASC ~~Public Offering~~740”). ~~Offering~~Deferred ~~costs~~tax ~~were~~assets ~~allocated~~and toliabilities are ~~the~~recognized ~~separable~~for ~~financial~~the ~~instruments~~estimated ~~issued~~future intax ~~the~~consequences ~~Initial~~attributable ~~Public Offering~~to ~~based~~differences onbetween athe ~~relative~~condensed ~~fair~~financial ~~value~~statement ~~basis,~~carrying amounts ~~compared~~of toexisting ~~total~~assets ~~proceeds~~and ~~received.~~liabilities ~~Offering~~and ~~costs~~their ~~associated~~respective ~~with~~tax ~~derivative~~bases. ~~warrant liabilities~~Deferred ~~were~~tax ~~expensed~~assets ~~as incurred~~ and ~~presented~~liabilities asare ~~non-operating~~measured ~~expenses~~using inenacted tax ~~the~~rates ~~consolidated~~expected ~~statements~~to ofapply ~~operations.~~to ~~Offering costs~~taxable ~~associated~~income ~~with~~in the ~~Class~~years Ain ~~Common~~which ~~Stock~~those ~~issued~~temporary ~~were~~differences ~~charged~~are ~~against~~expected ~~the~~to ~~carrying~~be ~~value~~recovered ofor ~~the~~settled. The ~~Class~~effect Aon ~~Common~~deferred ~~Stock~~tax ~~subject~~assets ~~to possible~~and ~~redemption~~liabilities ~~upon~~of ~~the~~a ~~completion~~change ofin ~~the~~tax ~~Initial~~rates ~~Public~~is ~~Offering~~recognized ~~and~~in ~~exercise~~income ofin the ~~over-allotment~~period ~~option.~~that ~~The~~included ~~Company~~the ~~classifies~~enactment ~~deferred~~date. ~~underwriting~~Valuation ~~commissions~~allowances asare ~~non-current~~established, ~~liabilities~~when asnecessary, ~~their liquidation is not reasonably expected~~ to ~~require~~reduce ~~the~~deferred ~~use~~tax ~~of current~~ assets orto ~~require~~ the ~~creation~~amount ofexpected ~~current~~to ~~liabilities~~be realized.

~~Derivative Warrant Liabilities~~10

~~The~~ASC 740 prescribes a recognition threshold and ~~Company~~a ~~does~~measurement ~~not~~attribute ~~use~~for ~~derivative~~the ~~instruments~~condensed tofinancial ~~hedge~~statement ~~exposures~~recognition toand ~~cash~~measurement ~~flow,~~of ~~market,~~tax orpositions ~~foreign~~taken ~~currency~~or ~~risks.~~expected ~~The~~to ~~Company~~be ~~evaluates~~taken ~~all~~in ofa ~~its~~tax ~~financial~~return. ~~instruments,~~For ~~including~~those ~~issued~~benefits ~~stock~~to ~~purchase~~be ~~warrants~~recognized, toa ~~determine~~tax ifposition ~~such~~must ~~instruments~~be ~~are~~more ~~derivatives~~likely orthan ~~contain~~not to be sustained upon examination by ~~features~~taxing ~~that~~authorities. ~~qualify~~There were no unrecognized tax benefits as ~~embedded~~of ~~derivatives~~September 30, ~~pursuant~~2023 and 2022. The Company recognizes accrued interest and penalties related to ~~ASC~~unrecognized ~~480~~tax benefits as income tax expense. No amounts were accrued for the payment of interest and ~~FASB~~penalties as ~~ASC~~of ~~Topic~~September ~~815~~30, ~~Derivatives~~2023 and ~~Hedging~~December ~~(“ASC 815”)~~31, 2022. The ~~classification~~Company ofis ~~derivative~~currently ~~instruments,~~not ~~including~~aware ~~whether~~of ~~such~~any ~~instruments~~issues ~~should~~under bereview ~~recorded~~that ascould ~~liabilities~~result orin assignificant ~~equity~~payments, accruals or material deviation from its position. The Company is ~~re-assessed~~subject atto ~~the~~income ~~end~~tax ofexaminations ~~each~~by ~~reporting~~major ~~period~~taxing authorities since inception.

~~The 8,625,000~~Net ~~warrants issued in connection with the Initial Public Offering~~ (~~the “Public Warrants”~~Loss) ~~and~~Income ~~the~~Per ~~6,000,000~~Common Private Placement Warrants are recognized as derivative liabilities in accordance with ASC 815. Accordingly, the Company recognizes the warrant instruments as liabilities at fair value and adjust the instruments to fair value at each reporting period. The liabilities are subject to remeasurement at each balance sheet date until exercised. For periods where no observable traded price is available, the Company utilized a Monte-Carlo simulation to estimate the fair value of the Public Warrants and used the Black-Scholes option pricing model to estimate the fair value of the Private Placement Warrants. Derivative warrant liabilities are classified as non-current liabilities as their liquidation is not reasonably expected to require the use of current assets or require the creation of current liabilities.Stock

10The Company complies with accounting and disclosure requirements of FASB ASC Topic 260, Earnings Per Share. The Company has two classes of shares, which are referred to as Class A Common Stock and Class B Common Stock. Income and losses are shared pro rata between the two classes of shares. Net (loss) income per common stock is calculated by dividing the net (loss) income by the weighted average shares of common stock outstanding for the respective period.

The calculation of diluted net (loss) income does not consider the effect of the warrants underlying the Units sold in the Initial Public Offering (including the consummation of the over-allotment) and the private placement warrants to purchase an aggregate of 14,625,000 Class A Common Stock in the calculation of diluted income per share, because their exercise is contingent upon future events and their inclusion would be anti-dilutive under the treasury stock method. As a result, diluted net (loss) income per share is the same as basic net (loss) income per share for the three and nine months ended September 30, 2023 and 2022. Remeasurement associated with the redeemable Class A Common Stock ~~Subject~~is toexcluded ~~Possible~~from ~~Redemption~~earnings per share as the redemption value approximates fair value.

The Company ~~accounts~~has ~~for~~considered ~~its Class A Common Stock subject to possible redemption in accordance with~~ the ~~guidance~~effect inof ~~ASC Topic 480 Distinguishing Liabilities from Equity.~~ Class ~~A Common Stock subject to mandatory redemption (if any) is classified as liability instruments and~~ ~~are~~B ~~measured at fair value. Conditionally redeemable Class A~~ Common Stock ~~(including Class A Common Stock~~ that ~~features~~were ~~redemption~~excluded ~~rights that~~from ~~are~~weighted ~~either~~average ~~within~~number ~~the~~as ~~control~~they ofwere ~~the~~contingent ~~holder~~on ~~or subject to redemption upon~~ the ~~occurrence~~exercise of ~~uncertain~~over-allotment ~~events~~option ~~not~~by ~~solely within~~ the ~~Company’s control) are classified as temporary equity~~underwriters. AtSince ~~all~~the ~~other~~contingency ~~times~~was satisfied, ~~Class A Common Stock is classified as stockholders’ equity. The Company’s Class A Common Stock feature certain redemption rights that are considered to be outside of~~ the Company~~’s control~~ ~~and~~included ~~subject~~these ~~to the occurrence of uncertain future events. Accordingly, 1,557,134 and 1,652,286~~ shares ofin ~~Class~~the Aweighted ~~Common~~average ~~Stock subject~~number ~~to possible redemption at redemption values of $10.43 and $10.30 per share~~ as of ~~June~~the ~~30, 2023 and December 31, 2022, respectively,~~beginning ~~are presented at redemption value as temporary equity, outside~~ of the ~~stockholders’~~period ~~deficit~~to ~~section~~determine of the ~~Company’s~~dilutive ~~consolidated balance~~impact ~~sheets. There was no non-redeemable Class A Common Stock issued or outstanding as~~ of ~~June~~these ~~30, 2023 and December 31, 2022~~shares.

The ~~Company~~ ~~recognizes~~table ~~changes~~below inpresents ~~redemption~~a ~~value~~reconciliation ~~immediately as they occur and adjusts the carrying value~~ of the numerator ~~Class~~and Adenominator ~~Common~~used ~~Stock subject~~ to ~~possible~~compute ~~redemption~~basic toand ~~equal~~diluted ~~the~~net ~~redemption value at the end of each reporting period. Effective with the closing of the Initial Public Offering~~ (~~including exercise of the over-allotment option~~loss), ~~the~~income ~~Company~~per ~~recognized~~share ~~the~~of ~~remeasurement~~common ~~from initial book value to redemption amount, which resulted in charges against additional paid-in capital (to the extent available) and accumulated deficit.~~stock:

Income Taxes

	For the Three Months Ended September 30,
	2023				2022
	Class A		Class B		Class A			Class B
Basic and diluted net income (loss) per common stock:
Numerator:
Allocation of net income (loss)	$	269,083	$	1,490,457	$	(1,232,885	)	$	(308,221	)
Denominator:
Basic and diluted weighted average common stock outstanding		1,557,134		8,625,000		34,500,000			8,625,000
Basic and diluted net income (loss) per common stock	$	0.17	$	0.17	$	(0.04	)	$	(0.04	)

The Company follows the asset and liability method of accounting for income taxes under FASB ASC Topic 740, Income Taxes (“ASC 740”). Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the condensed financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that included the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized.

	For the Nine Months Ended September 30,
	2023						2022
	Class A			Class B			Class A		Class B
Basic and diluted net (loss) income per common stock:
Numerator:
Allocation of net (loss) income	$	(273,178	)	$	(1,467,800	)	$	4,976,102	$	1,244,026
Denominator:
Basic and diluted weighted average common stock outstanding		1,605,233			8,625,000			34,500,000		8,625,000
Basic and diluted net (loss) income per common stock	$	(0.17	)	$	(0.17	)	$	0.14	$	0.14

ASC 740 prescribes a recognition threshold and a measurement attribute for the condensed financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more likely than not to be sustained upon examination by taxing authorities. There were no unrecognized tax benefits as of June 30, 2023 and 2022. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. No amounts were accrued for the payment of interest and penalties as of June 30, 2023 and December 31, 2022. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company is subject to income tax examinations by major taxing authorities since inception.11

~~Net (Loss)~~Recent ~~Income~~Accounting ~~Per Common Stock~~Pronouncements

~~The~~In June 2016, the FASB issued ASU 2016-13 – ~~Company~~Financial ~~complies~~Instruments ~~with~~– ~~accounting~~Credit ~~and~~Losses ~~disclosure~~(Topic ~~requirements~~326): Measurement of ~~FASB~~Credit ~~ASC~~Losses ~~Topic~~on ~~260,~~Financial ~~Earnings~~Instruments ~~Per~~(“ASU ~~Share~~2016-13”). This ~~The~~update ~~Company~~requires ~~has~~financial ~~two~~assets ~~classes of~~measured ~~shares,~~at ~~which~~amortized ~~are~~cost ~~referred~~basis to asbe ~~Class~~presented Aat ~~Common~~the ~~Stock~~net ~~and~~amount ~~Class~~expected Bto ~~Common~~be ~~Stock~~collected. ~~Income~~The measurement ~~and~~of expected credit losses ~~are~~is ~~shared~~based ~~pro~~on ~~rata~~relevant ~~between~~information ~~the~~about past events, including historical experience, current conditions, ~~two~~and ~~classes~~reasonable and supportable forecasts that affect the collectability of ~~shares.~~the ~~Net~~reported ~~(loss)~~amount. ~~income~~Since ~~per~~June ~~common~~2016, ~~stock~~the isFASB ~~calculated~~issued byclarifying updates ~~dividing~~to the ~~net~~new ~~(loss)~~standard ~~income~~including bychanging the ~~weighted~~effective ~~average~~date ~~shares~~for smaller reporting companies. The guidance is effective for fiscal years beginning after December 15, 2022, and interim periods within those fiscal years, with early adoption permitted. The Company adopted ASU 2016-13 on January 1, 2023. The adoption of ~~common~~ASU ~~stock~~2016-13 ~~outstanding~~did ~~for~~not ~~the~~have ~~respective~~an ~~period~~impact on its financial statements.

~~The calculation~~In ofJune ~~diluted~~2022, ~~net~~the ~~(loss)~~FASB ~~income~~issued ~~does~~ASU ~~not~~2022-03, ~~consider~~ASC Subtopic ~~the~~820 ~~effect~~Fair Value Measurement of ~~the~~Equity ~~warrants~~Securities ~~underlying~~Subject ~~the~~to ~~Units~~Contractual ~~sold~~Sale inRestrictions. ~~the~~The ~~Initial~~ASU ~~Public Offering~~amends ~~(including~~ASC ~~the~~820 ~~consummation~~to ofclarify that ~~the~~a ~~over-allotment)~~contractual ~~and~~sales ~~the~~restriction ~~private~~is ~~placement~~not ~~warrants~~considered toin ~~purchase~~measuring an ~~aggregate~~equity ofsecurity ~~14,625,000~~at fair value and to introduce new disclosure requirements ~~Class~~for Aequity ~~Common~~securities ~~Stock~~subject into ~~the~~contractual ~~calculation~~sale ofrestrictions ~~diluted~~that ~~income~~are ~~per~~measured ~~share,~~at ~~because~~fair ~~their~~value. ~~exercise~~The isASU ~~contingent~~applies ~~upon~~to ~~future~~both ~~events~~holders and ~~their~~issuers ~~inclusion~~of ~~would~~equity beand ~~anti~~equity-~~dilutive~~linked ~~under~~securities ~~the~~measured ~~treasury~~at ~~stock~~fair ~~method~~value. AsThe aamendments ~~result,~~in ~~diluted~~this ~~net~~ASU ~~(loss)~~are ~~income~~effective ~~per~~for ~~share is~~ the ~~same~~Company asin ~~basic~~fiscal years ~~net~~beginning ~~(loss)~~after ~~income~~December ~~per~~15, ~~share~~2023, and interim periods within those fiscal years. Early adoption is permitted for ~~the~~both ~~three~~interim and ~~six~~annual consolidated ~~months~~financial ~~ended~~statements ~~June~~that ~~30,~~have ~~2023~~not ~~and~~yet ~~2022.~~been ~~Remeasurement~~issued ~~associated~~or ~~with~~made ~~the~~available ~~redeemable~~for ~~Class A~~issuance. ~~Common~~The ~~Stock~~Company is ~~excluded~~still ~~from~~evaluating ~~earnings~~the ~~per~~impact of ~~share~~this aspronouncement on the ~~redemption~~condensed ~~value~~consolidated ~~approximates~~financial ~~fair value~~statements.

The Company’s ~~has~~management ~~considered~~does ~~the~~not ~~effect of Class B Common Stock~~ believe that ~~were~~any ~~excluded~~other ~~from~~recently ~~weighted~~issued, ~~average~~but ~~number~~not asyet ~~they~~effective, ~~were~~accounting ~~contingent~~standards ~~on the~~if ~~exercise~~currently ofadopted ~~over-allotment~~would ~~option~~have bya ~~the~~material ~~underwriters.~~effect ~~Since~~on the ~~contingency was satisfied, the Company included these shares in~~accompanying ~~the~~condensed ~~weighted~~consolidated ~~average~~financial ~~number as of the beginning of the period to determine the dilutive impact of these shares~~statements.

11NOTE 3 - INITIAL PUBLIC OFFERING

~~The table~~On ~~below~~February ~~presents~~17, a2021, ~~reconciliation~~the Company consummated its Initial Public Offering of 34,500,000 Units, including the ~~numerator~~exercise ~~and~~of ~~denominator~~the ~~used~~underwriters’ option to ~~compute~~purchase ~~basic~~4,500,000 Option Units, at $10.00 per Unit, which generated gross proceeds of $345.0 million, and ~~diluted~~incurring ~~net~~offering ~~(loss)~~costs ~~income~~of ~~per~~approximately ~~share~~$19.7 million, of ~~common~~which ~~stock:~~approximately $12.1 million and approximately $152,000 was for deferred underwriting commissions and Deferred Legal Fees, respectively.

	For the Three Months Ended June 30,
	2023						2022
	Class A			Class B			Class A		Class B
Basic and diluted net (loss) income per common stock:
Numerator:
Allocation of net (loss) income	$	(305,082	)	$	(1,637,089	)	$	1,533,979	$	383,495
Denominator:
Basic and diluted weighted average common stock outstanding		1,607,324			8,625,000			34,500,000		8,625,000
Basic and diluted net (loss) income per common stock	$	(0.19	)	$	(0.19	)	$	0.04	$	0.04

Each Unit consists of one share of Class A Common Stock, and one-fourth of one redeemable warrant (each, a “Public Warrant”). Each whole Public Warrant entitles the holder to purchase one share of Class A Common Stock at a price of $11.50 per share, subject to adjustment (see Note 7).

	For the Six Months Ended June 30,
	2023						2022
	Class A			Class B			Class A		Class B
Basic and diluted net (loss) income per common stock:
Numerator:
Allocation of net (loss) income	$	(556,305	)	$	(2,944,213	)	$	6,208,987	$	1,552,247
Denominator:
Basic and diluted weighted average common stock outstanding		1,629,681			8,625,000			34,500,000		8,625,000
Basic and diluted net (loss) income per common stock	$	(0.34	)	$	(0.34	)	$	0.18	$	0.18

NOTE 4 - RELATED PARTY TRANSACTIONS

~~Recent Accounting~~Founder ~~Pronouncements~~Shares

~~In June~~On ~~2016~~December 11, 2020, the ~~FASB~~Sponsor ~~issued~~paid ~~ASU~~$25,000 to ~~2016-13~~cover –certain ~~Financial~~offering ~~Instruments~~costs –on ~~Credit~~behalf ~~Losses~~of ~~(Topic~~the ~~326):~~Company ~~Measurement~~in ofexchange ~~Credit~~for ~~Losses on~~issuance ~~Financial~~of ~~Instruments~~7,187,500 ~~(“ASU~~shares ~~2016-13”).~~of ~~This~~the ~~update~~Company’s ~~requires~~Class ~~financial~~B ~~assets~~Common Stock, ~~measured~~par atvalue ~~amortized~~$0.0001 ~~cost~~per ~~basis~~share, to(the ~~be presented~~“Founder atShares”). ~~the~~On ~~net~~January ~~amount~~20, ~~expected~~2021, tothe beCompany ~~collected.~~effected ~~The~~a ~~measurement~~1:1.2 stock split of ~~expected~~Class ~~credit~~B ~~losses~~Common isStock, ~~based~~resulting onin ~~relevant~~an ~~information~~aggregate ~~about past~~of ~~events~~8,625,000 ~~including~~shares ~~historical~~of ~~experience,~~Class ~~current~~B ~~conditions,~~Common ~~and~~Stock ~~reasonable~~outstanding. ~~and~~The ~~supportable~~Sponsor ~~forecasts~~agreed ~~that~~to ~~affect~~forfeit up ~~the~~to ~~collectability of~~1,125,000 ~~the~~Founder ~~reported~~Shares ~~amount.~~to ~~Since~~the ~~June~~extent ~~2016,~~that the ~~FASB~~over-allotment ~~issued~~option ~~clarifying~~was ~~updates~~not toexercised ~~the~~in ~~new~~full ~~standard~~by ~~including~~the ~~changing~~underwriters, ~~the~~so ~~effective~~that ~~date~~the ~~for~~Founder ~~smaller~~Shares ~~reporting~~would ~~companies~~represent 20.0% ~~The~~of ~~guidance~~the isCompany’s ~~effective~~issued ~~for~~and ~~fiscal~~outstanding ~~years~~shares ~~beginning~~ after ~~December~~the ~~15,~~Initial ~~2022,~~Public ~~and~~Offering. ~~interim~~On ~~periods within~~February ~~those~~17, ~~fiscal years~~2021, ~~with~~the ~~early~~underwriter ~~adoption~~fully ~~permitted.~~exercised ~~The~~its ~~Company~~option ~~adopted~~to ~~ASU~~purchase ~~2016-13~~additional; onthus, ~~January~~these 1,125,000 ~~2023.~~Founder ~~The~~Shares ~~adoption~~were ofno ~~ASU~~longer ~~2016-13 did~~subject ~~not~~to ~~have an impact on its financial statements~~forfeiture.

~~In June~~The ~~2022,~~initial ~~the~~stockholders ~~FASB~~agreed, ~~issued~~subject ~~ASU~~to ~~2022-03~~limited exceptions, ~~ASC~~not ~~Subtopic~~to ~~820~~transfer, ~~Fair~~assign ~~Value~~or ~~Measurement~~sell any of ~~Equity~~the ~~Securities~~Founder ~~Subject~~Shares tountil ~~Contractual~~the ~~Sale~~earlier ~~Restrictions. The~~to ~~ASU~~occur ~~amends~~of: ~~ASC~~(1) ~~820~~one toyear ~~clarify~~after ~~that~~the acompletion of ~~contractual~~the ~~sales~~initial ~~restriction~~Business isCombination ~~not~~and ~~considered~~(2) insubsequent ~~measuring~~to anthe ~~equity~~initial ~~security~~Business atCombination ~~fair~~(x) ~~value and~~if tothe ~~introduce~~last ~~new~~reported ~~disclosure~~sale ~~requirements~~price ~~for~~of ~~equity~~the Class ~~securities~~A ~~subject~~Common toStock ~~contractual~~equals ~~sale~~or ~~restrictions~~exceeds ~~that~~$12.00 ~~are~~per ~~measured~~share at(as ~~fair value.~~adjusted ~~The~~for ~~ASU~~stock ~~applies~~splits, tostock ~~both~~dividends, ~~holders~~reorganizations, recapitalizations and ~~issuers~~the oflike) ~~equity~~for ~~and~~any ~~equity~~20-~~linked~~trading ~~securities~~days ~~measured~~within atany ~~fair~~30-trading ~~value.~~day ~~The~~period ~~amendments~~commencing inat ~~this ASU~~least ~~are~~150 ~~effective~~days ~~for~~after the ~~Company~~initial inBusiness ~~fiscal~~Combination or ~~years~~(y) ~~beginning~~the ~~after~~date ~~December~~on ~~15,~~which ~~2023,~~the ~~and~~Company ~~interim~~completes ~~periods~~a ~~within~~liquidation, ~~those~~merger, ~~fiscal~~capital ~~years.~~stock ~~Early adoption~~exchange, isreorganization ~~permitted~~or ~~for~~other ~~both~~similar ~~interim and annual consolidated financial statements~~ transaction that ~~have~~results ~~not~~in ~~yet~~all ~~been~~of ~~issued~~the orPublic ~~made~~Stockholders ~~available~~having ~~for issuance.~~the ~~The~~right ~~Company~~to isexchange ~~still~~their ~~evaluating~~shares ~~the impact~~ of ~~this~~Class ~~pronouncement~~A onCommon ~~the~~Stock ~~condensed~~for ~~consolidated~~cash, ~~financial~~securities or ~~statements~~other property.

The Company’s management does not believe that any other recently issued, but not yet effective, accounting standards if currently adopted would have a material effect on the accompanying condensed consolidated financial statements.12

~~NOTE 3~~Private -Placement ~~INITIAL PUBLIC OFFERING~~Warrants

~~On February~~Simultaneously ~~17,~~with ~~2021,~~ the ~~Company~~closing ~~consummated~~of ~~its~~the Initial Public Offering ~~of 34~~,~~500,000~~ ~~Units, including~~ the ~~exercise~~Company ofconsummated the ~~underwriters’ option~~Private toPlacement ~~purchase~~of 46,~~500~~000,000 ~~Option~~Private ~~Units,~~Placement Warrants at ~~$10.00~~a ~~per~~price ~~Unit, which generated gross proceeds~~ of $~~345~~1.050 ~~million,~~per ~~and incurring offering~~Private ~~costs~~Placement ofWarrant ~~approximately~~to ~~$19.7~~the ~~million~~Sponsor, ofgenerating ~~which~~proceeds ~~approximately~~of $129.10 million ~~and approximately $152,000 was for deferred underwriting commissions and Deferred Legal Fees, respectively~~.

Each ~~Unit~~ ~~consists~~whole ofPrivate Placement Warrant is exercisable for one whole share of Class A Common Stock, ~~and~~at ~~one-fourth~~a price of ~~one~~$11.50 ~~redeemable~~per ~~warrant (each~~share, asubject ~~“Public~~to ~~Warrant”)~~adjustment. ~~Each~~ ~~whole~~A ~~Public~~portion ~~Warrant~~of ~~entitles~~the proceeds from the sale ~~holder~~of the Private Placement Warrants was added to ~~purchase~~the ~~one~~proceeds ~~share~~from ofthe ~~Class~~Initial APublic ~~Common~~Offering ~~Stock~~held atin the Trust Account. If the Company does not complete a ~~price~~Business ofCombination ~~$11.50~~within ~~per~~the ~~share~~Combination Period, ~~subject~~the toPrivate Placement Warrants will expire worthless. The Private ~~adjustment~~Placement Warrants will be non-redeemable for cash (~~see~~except ~~Note~~in 7certain limited circumstances) and exercisable on a cashless basis so long as they are held by the Sponsor or its permitted transferees.

12The Sponsor and the Company’s officers and directors agreed, subject to limited exceptions, not to transfer, assign or sell any of their Private Placement Warrants until 30 days after the completion of the initial Business Combination.

~~NOTE 4~~Related -Party ~~RELATED PARTY TRANSACTIONS~~Loans

~~Founder~~On December 11, 2020, the Sponsor agreed to loan ~~Shares~~the Company an aggregate of up to $300,000 to cover expenses related to the Initial Public Offering pursuant to a promissory note (the “Note”). This loan was non-interest bearing and payable upon the completion of the Initial Public Offering. The Company borrowed approximately $178,000 under the Note and it was repaid in full on February 19, 2021. Subsequent to the repayment, the facility was no longer available to the Company.

~~On December~~In 11addition, ~~2020,~~in ~~the~~order ~~Sponsor~~to ~~paid~~fund ~~$25,000~~working tocapital deficiencies ~~cover~~or ~~certain~~finance ~~offering~~transaction costs onin ~~behalf~~connection ofwith ~~the~~a ~~Company~~Business inCombination, ~~exchange~~the ~~for~~Sponsor ~~issuance~~or an affiliate of 7the Sponsor,~~187,500 shares~~ or certain of the Company’s ~~Class~~officers Band ~~Common~~directors ~~Stock~~may, ~~par~~but ~~value~~are ~~$0.0001~~not ~~per~~obligated ~~share~~to, (loan the Company funds as may be required (“~~Founder~~Working Capital ~~Shares~~Loans”). OnIf ~~January~~the ~~20,~~Company ~~2021~~completes a Business Combination, the Company ~~effected~~may arepay ~~1:1.2~~the ~~stock~~Working ~~split~~Capital Loans out of ~~Class~~the Bproceeds of ~~Common~~the ~~Stock,~~Trust ~~resulting~~Account inreleased anto ~~aggregate~~the ofCompany. 8Otherwise,~~625,000~~ ~~shares~~the Working Capital Loans would be repaid only out of ~~Class~~funds Bheld ~~Common~~outside ~~Stock~~the ~~outstanding~~Trust Account. ~~The~~In ~~Sponsor~~the ~~agreed~~event tothat ~~forfeit~~a upBusiness toCombination 1does not close,~~125,000~~ ~~Founder~~the ~~Shares~~Company tomay ~~the~~use ~~extent~~a ~~that~~portion ~~the~~of ~~over-allotment~~proceeds ~~option~~held ~~was~~outside ~~not~~the ~~exercised~~Trust inAccount ~~full~~to byrepay the ~~underwriters,~~Working soCapital ~~that~~Loans but no proceeds held in the ~~Founder~~Trust ~~Shares~~Account would ~~represent~~be 20used to repay the Working Capital Loans.0% The Working Capital Loans would either be repaid upon consummation of a Business Combination or, at the ~~Company~~lenders’s ~~issued~~discretion, ~~and~~up to ~~outstanding~~$1.5 ~~shares~~million ~~after the~~of ~~Initial~~such ~~Public~~Working ~~Offering.~~Capital OnLoans ~~February~~may ~~17,~~be ~~2021,~~convertible ~~the~~into ~~underwriter~~warrants ~~fully~~of ~~exercised~~the ~~its~~post ~~option~~Business toCombination ~~purchase~~entity ~~additional;~~at ~~thus,~~a ~~these~~price of $1~~,125,000~~.50 ~~Founder~~per ~~Shares~~warrant. ~~were~~The nowarrants ~~longer~~would ~~subject~~be identical to ~~forfeiture~~the Private Placement Warrants.

~~The initial~~In ~~stockholders~~March ~~agreed~~2022, ~~subject~~the toCompany ~~limited~~executed ~~exceptions,~~a ~~not~~Working Capital toLoan ~~transfer,~~(the ~~assign~~“March or2022 ~~sell~~Working ~~any~~Capital Loan”), bearing interest of ~~the~~10% ~~Founder~~annually, ~~Shares~~providing ~~until~~the Company the ~~earlier~~ability to ~~occur~~borrow ~~of:~~up (to $1).5 ~~one~~million. ~~year~~As ~~after the completion~~ of ~~the~~September ~~initial~~30, ~~Business~~2023 ~~Combination~~ and ~~(2)~~December ~~subsequent~~31, to2022, the ~~initial~~Company ~~Business~~had ~~Combination (x)~~$300,000, ifin borrowings under the ~~last~~March 2022 ~~reported~~Working ~~sale~~Capital ~~price~~Loan. ofFor the ~~Class~~three Aand ~~Common~~nine ~~Stock~~months ~~equals~~ended orSeptember ~~exceeds~~30, ~~$12.00~~2023, ~~per~~the ~~share~~Company ~~(as~~had ~~adjusted~~approximately ~~for~~$8,000 ~~stock~~and ~~splits~~$22, ~~stock dividends~~000, ~~reorganizations~~respectively, in ~~recapitalizations~~interest ~~and~~expense on the ~~like)~~March ~~for~~2022 ~~any~~Working ~~20-trading~~Capital ~~days~~Loan. ~~within~~For ~~any~~the ~~30-trading~~three ~~day~~and ~~period~~nine ~~commencing~~months atended ~~least 150~~September ~~days~~30, ~~after~~2022, the ~~initial~~Company ~~Business~~had ~~Combination~~approximately $7,000 orand ~~(y)~~$16,000, ~~the~~respectively, ~~date~~in oninterest ~~which~~expense on the ~~Company~~March ~~completes~~2022 aWorking ~~liquidation,~~Capital ~~merger,~~Loan. ~~capital~~The ~~stock~~March ~~exchange, reorganization~~2022 orWorking ~~other~~Capital ~~similar~~Loan ~~transaction~~has a conversion feature that ~~results~~is inconsidered ~~all~~an ofembedded derivative, but the ~~Public~~value ~~Stockholders~~is ~~having~~de minimis, as such, the ~~right~~March to2022 ~~exchange~~Working ~~their~~Capital ~~shares~~Loan ofis ~~Class~~presented Aat ~~Common~~fair ~~Stock~~value ~~for~~on ~~cash,~~the ~~securities~~accompanying orconsolidated ~~other~~balance ~~property~~sheets.

~~Private~~In June 2022, the Sponsor and the Company executed ~~Placement~~another ~~Warrants~~Working Capital Loan (the “June 2022 Working Capital Loan”), bearing interest of 10% annually, providing the Company the ability to borrow up to $400,000. As of September 30, 2023 and December 31, 2022, the Company had approximately $400,000, respectively, in borrowings under the June 2022 Working Capital Loan. For the three and nine months ended September 30, 2023, the Company had approximately $10,000 and $30,000, respectively, in interest expense on the June 2022 Working Capital Loan. For the three and nine months ended September 30, 2022, the Company had approximately $8,000 and $8,000, respectively, in interest expense on the June 2022 Working Capital Loan. The June 2022 Working Capital Loan has a conversion feature that is considered an embedded derivative, but the value is de minimis, as such, the June 2022 Working Capital Loan is presented at fair value on the accompanying consolidated balance sheets.

Simultaneously with the closing of the Initial Public Offering, the Company consummated the Private Placement of 6,000,000 Private Placement Warrants at a price of $1.50 per Private Placement Warrant to the Sponsor, generating proceeds of $9.0 million.13

~~Each whole~~Administrative ~~Private~~Support ~~Placement~~Agreement Warrant is exercisable for one whole share of Class A Common Stock at a price of $11.50 per share, subject to adjustment. A portion of the proceeds from the sale of the Private Placement Warrants was added to the proceeds from the Initial Public Offering held in the Trust Account. If the Company does not complete a Business Combination within the Combination Period, the Private Placement Warrants will expire worthless. The Private Placement Warrants will be non-redeemable for cash (except in certain limited circumstances) and ~~exercisable~~Certain onOther ~~a cashless basis so long as they are held by the Sponsor or its permitted transferees.~~Payments

~~The Sponsor~~Commencing ~~and~~on the date that the Company’s securities ~~officers~~were ~~and~~first ~~directors~~listed ~~agreed,~~on ~~subject~~a tostock ~~limited~~exchange ~~exceptions~~through the earlier of consummation of the initial Business Combination and the Company’s liquidation, ~~not~~the Company agreed to ~~transfer,~~pay ~~assign~~the orSponsor ~~sell~~a ~~any~~total of ~~their~~ ~~Private~~$10,000 ~~Placement~~per ~~Warrants~~month ~~until~~for 30office ~~days~~space, ~~after~~support ~~the~~and ~~completion~~administrative ofservices. In April 2022, the ~~initial~~Sponsor ~~Business~~terminated ~~Combination~~this agreement retroactive to January 1, 2022.

~~Related~~The Sponsor, executive officers and directors, ~~Party~~or ~~Loans~~any of their respective affiliates will be reimbursed for any out-of-pocket expenses incurred in connection with activities on the Company’s behalf such as identifying potential target businesses and performing due diligence on suitable Business Combinations. The Company’s audit committee will review on a quarterly basis all payments that were made to the Sponsor, executive officers or directors, or the Company’s or their affiliates.

~~On December~~Custody 11, 2020, the Sponsor agreed to loan the Company an aggregate of up to $300,000 to cover expenses related to the Initial Public Offering pursuant to a promissory note (the “Note”). This loan was non-interest bearing and payable upon the completion of the Initial Public Offering. The Company borrowed approximately $178,000 under the Note and it was repaid in full on February 19, 2021. Subsequent to the repayment, the facility was no longer available to the Company.Agreement

~~In addition,~~On inMarch ~~order to fund working capital deficiencies or finance transaction costs in connection with a Business Combination~~12, ~~the Sponsor or an affiliate of the Sponsor~~2023, ~~or certain of~~ the Company’s ~~officers~~ and ~~directors may, but are not obligated to, loan~~ the ~~Company~~Sponsor ~~funds~~entered asinto ~~may~~a beCustody ~~required~~Agreement, ~~(“Working~~where ~~Capital Loans”). If~~ the Company ~~completes~~transferred ~~a Business Combination~~$104,000 ~~the~~to ~~Company may repay~~ the ~~Working~~Sponsor ~~Capital Loans out of the proceeds of the Trust Account released~~ to ~~the~~mitigate ~~Company.~~any ~~Otherwise,~~risks ~~the~~on ~~Working~~cash ~~Capital~~accounts ~~Loans~~that ~~would~~exceed ~~be repaid only out of funds held outside~~ the ~~Trust~~FDIC ~~Account~~coverage limit. InThe ~~the~~Company ~~event~~has ~~that~~sole adiscretion ~~Business~~on ~~Combination does not close, the Company may~~ use ~~a portion~~ of ~~proceeds~~funds held ~~outside~~under the ~~Trust~~Custody ~~Account to repay the Working Capital Loans but no proceeds held in the Trust Account would be used to repay the Working Capital Loans~~Agreement. ~~The~~On ~~Working~~June ~~Capital Loans would either be repaid upon consummation of a Business Combination or~~16, ~~at the lenders’ discretion~~2023, ~~up to $1.5 million of such Working Capital Loans may be convertible into warrants of~~ the ~~post Business~~Sponsor ~~Combination~~transferred ~~entity at a price of~~ $~~1.50~~104,000 ~~per~~back ~~warrant. The warrants would be identical~~ to the ~~Private~~Company’s ~~Placement~~cash ~~Warrants~~account.

~~In March~~NOTE ~~2022, the Company executed a Working Capital Loan (the “March 2022 Working Capital Loan”), bearing interest of 10% annually, providing the Company the ability to borrow up to $1.~~5 ~~million.~~- AsCOMMITMENTS ofAND June 30, 2023 and December 31, 2022, the Company had $300,000, in borrowings under the March 2022 Working Capital Loan. For the three and six months ended June 30, 2023, the Company had approximately $7,000 and $15,000, respectively, in interest expense on the March 2022 Working Capital Loan. For the three and six months ended June 30, 2022, the Company had approximately $7,000 and $9,000, respectively, in interest expense on the March 2022 Working Capital Loan. The March 2022 Working Capital Loan has a conversion feature that is considered an embedded derivative, but the value is de minimis, as such, the March 2022 Working Capital Loan is presented at fair value on the accompanying consolidated balance sheets.CONTINGENCIES

13Registration Rights

~~In June~~The ~~2022,~~holders ~~the~~of ~~Sponsor~~Founder ~~and~~Shares, ~~the~~Private ~~Company~~Placement Warrants ~~executed~~and ~~another~~warrants ~~Working~~that ~~Capital~~may ~~Loan~~be ~~(the~~issued ~~“June~~upon ~~2022~~conversion of Working Capital ~~Loan”)~~Loans, ~~bearing interest~~if ofany ~~10%~~(and ~~annually,~~any ~~providing~~shares ~~the~~of ~~Company~~Class ~~the~~A ~~ability~~Common toStock ~~borrow~~issuable upon upthe toexercise ~~$400,000. As~~ of ~~June~~the ~~30,~~Private ~~2023~~Placement Warrants and ~~December~~warrants ~~31,~~that ~~2022,~~may ~~the Company~~be ~~had~~issued ~~approximately~~upon ~~$400,000,~~conversion ~~respectively,~~of ~~in borrowings under the June 2022~~ Working Capital ~~Loan.~~Loans ~~For the three~~ and ~~six months~~upon ~~ended~~conversion ~~June~~of ~~30, 2023,~~ the ~~Company~~Founder ~~had approximately $10~~Shares),~~000~~ ~~and~~were ~~$20,000,~~entitled ~~respectively,~~to inregistration ~~interest~~rights ~~expense~~pursuant onto ~~the~~a ~~June~~registration ~~2022~~rights ~~Working Capital Loan~~agreement. ~~For~~These ~~the~~holders ~~three~~were entitled ~~and~~to ~~six~~certain ~~months~~demand ~~ended June 30, 2022, the Company had approximately $0~~ and ~~$0,~~“piggyback” ~~respectively,~~registration ~~in interest expense on the June 2022 Working Capital Loan~~rights. The ~~June~~Company ~~2022~~will ~~Working~~bear ~~Capital~~the ~~Loan~~expenses ~~has~~incurred ain ~~conversion feature that is considered an embedded derivative,~~connection ~~but~~with the ~~value~~filing isof deany ~~minimis, as~~ such, ~~the~~registration ~~June 2022 Working Capital Loan is presented at fair value on the accompanying consolidated balance sheets~~statements.

~~Administrative Support~~Underwriting Agreement ~~and Certain Other Payments~~

~~Commencing on~~The ~~the~~Company ~~date~~granted ~~that~~ the ~~Company’s~~underwriters ~~securities were first listed on~~ a ~~stock~~45-day option ~~exchange~~from ~~through~~ the ~~earlier~~date of ~~consummation of~~ the ~~initial Business~~final ~~Combination~~prospectus ~~and~~relating to the ~~Company’s~~Initial ~~liquidation,~~Public ~~the~~Offering ~~Company~~to ~~agreed~~purchase up to ~~pay~~4,500,000 ~~the~~additional ~~Sponsor~~Units ato ~~total~~cover over-allotments, ofif ~~$10~~any,~~000~~ ~~per~~at ~~month~~the ~~for~~Initial ~~office space~~Public Offering price, ~~support~~less ~~and~~underwriting ~~administrative~~discounts ~~services~~and commissions. InOn ~~April~~February ~~2022~~17, 2021, the underwriter ~~Sponsor~~fully ~~terminated~~exercised ~~this~~its ~~agreement~~option ~~retroactive~~ to ~~January~~purchase 1,additional ~~2022~~Units.

The underwriters were entitled to an underwriting ~~Sponsor,~~discount ~~executive~~of ~~officers~~$0.20 ~~and~~per ~~directors~~Unit, or ~~any~~$6.9 ofmillion ~~their~~in ~~respective~~the ~~affiliates~~aggregate, ~~will~~paid beupon ~~reimbursed~~the ~~for~~closing ~~any out-~~of~~-pocket~~ ~~expenses~~the ~~incurred in~~Initial ~~connection~~Public ~~with~~Offering. ~~activities~~In onaddition, ~~the~~$0.35 per ~~Company’s~~Unit, ~~behalf~~or ~~such~~approximately as$12.1 ~~identifying~~million ~~potential~~in ~~target~~the ~~businesses~~aggregate ~~and~~will ~~performing~~be ~~due~~payable ~~diligence on~~to ~~suitable~~the ~~Business~~underwriters ~~Combinations~~for deferred underwriting commissions. The deferred ~~Company’s~~fee ~~audit~~will ~~committee~~become ~~will~~payable ~~review~~to onthe aunderwriters ~~quarterly~~from ~~basis~~the ~~all~~amounts ~~payments~~held ~~that~~in ~~were~~the ~~made~~Trust to Account solely in the ~~Sponsor,~~event ~~executive~~that ~~officers~~the orCompany ~~directors~~completes a Business Combination, orsubject to the ~~Company’s~~terms orof ~~their~~the ~~affiliates~~underwriting agreement.

~~Custody~~On January 18, 2023, the Company received a formal ~~Agreement~~letter, from Barclays Capital Inc. (“Barclays”), one of the underwriters in the Company’s Initial Public Offering, advising that it had, among other things, (i) resigned from and ceased or refused to act in, its roles as co-placement agent, co-capital markets advisor and exclusive financial advisor to the Company in connection with the Merger and as underwriter in the Company’s Initial Public Offering and (ii) waived its right to receive an aggregate of $13.1 million in fees, all of which were contingent upon and payable upon the closing of the Merger, consisting of 2% of gross proceeds for its role as co-placement agent, $3.5 million for its role as financial advisor, a discretionary fee of up to $3.0 million, and $6.6 million of deferred underwriting fees accrued from its participation in the Company’s Initial Public Offering, as well as any expense reimbursements owed to it under those arrangements. The Company intends to continue to pursue the consummation of an initial Business Combination.

On March 12, 2023, the Company and the Sponsor entered into a Custody Agreement, where the Company transferred $104,000 to the Sponsor to mitigate any risks on cash accounts that exceed the FDIC coverage limit. The Company has sole discretion on use of funds held under the Custody Agreement. On June 16, 2023, the Sponsor transferred $104,000 back to the Company’s cash account.14

~~NOTE~~On January 26, 2023, the Company and BofA Securities, Inc., one of the underwriters in the Company’s Initial Public Offering, entered into an agreement pursuant to which BofA Securities, Inc. waived all rights to its pro rata share of the Deferred Discount (as defined in the Underwriting Agreement, dated February 11, 2021, among the Company, and BofA Securities, Inc.). BofA Securities, Inc. pro rata share of the Deferred Discount was approximately $5.5 -million and ~~COMMITMENTS~~was ~~AND~~payable ~~CONTINGENCIES~~by the Company upon consummation of an initial Business Combination. The Company intends to continue to pursue the consummation of an initial Business Combination.

~~Registration Rights~~Deferred Legal Fees

The ~~holders~~ ofCompany ~~Founder~~engaged ~~Shares,~~legal ~~Private~~counsel ~~Placement~~for ~~Warrants~~legal advisory services, and ~~warrants~~the ~~that~~legal ~~may~~counsel beagreed ~~issued~~to ~~upon~~defer ~~conversion~~their offees ~~Working~~in ~~Capital~~excess ~~Loans~~of $225,000 ~~if any~~ (~~and~~“Deferred ~~any~~Legal ~~shares~~Fees”). ofThe ~~Class~~Deferred ALegal Fees ~~Common~~will ~~Stock~~become ~~issuable~~payable ~~upon~~in the ~~exercise~~event ofthat the ~~Private~~Company ~~Placement~~completes ~~Warrants~~a ~~and~~Business ~~warrants~~Combination. ~~that~~As ~~may be issued upon conversion~~ of ~~Working~~September ~~Capital~~30, ~~Loans~~2023 and ~~upon~~December ~~conversion of the Founder Shares)~~31, ~~were entitled to registration rights pursuant to~~2022, athere ~~registration~~are ~~rights~~Deferred ~~agreement.~~Legal ~~These~~Fees ~~holders~~of ~~were~~approximately ~~entitled~~$152,000, torecognized ~~certain demand and “piggyback” registration rights. The Company will bear the expenses incurred~~ in connection with ~~the~~such ~~filing~~services ofon ~~any~~the ~~such~~accompanying ~~registration~~consolidated balance ~~statements~~sheets.

~~Underwriting Agreement~~Commitments

~~The Company~~On ~~granted~~April ~~the~~21, ~~underwriters~~2023, aW3BCLOUD ~~45-day~~and ~~option from~~ the ~~date~~Company ofentered into ~~the~~a ~~final~~non-binding ~~prospectus~~term ~~relating~~sheet to (the ~~Initial~~“Term ~~Public~~Sheet”) ~~Offering~~with toB. ~~purchase up~~Riley toPrincipal ~~4,500,000~~Capital ~~additional Units to cover over-allotments~~II, ifLLC ~~any,~~(“B. atRiley”) ~~the~~with ~~Initial~~respect to ~~Public~~a ~~Offering~~proposed ~~price,~~committed ~~less~~equity ~~underwriting~~facility ~~discounts and~~(the ~~commissions~~“Facility”). OnIn ~~February~~connection ~~17,~~with ~~2021,~~ the ~~underwriter~~Termination ~~fully~~Agreement, ~~exercised~~the ~~its~~Term ~~option~~Sheet tohas been ~~purchase additional Units~~terminated.

~~The underwriters~~In ~~were~~addition, ~~entitled~~as topreviously anreported, ~~underwriting~~in ~~discount~~July of2022, W3BCLOUD ~~$0.20~~Partners ~~per~~Limited ~~Unit,~~and orConsenSys ~~$6.9~~AG ~~million~~(“ConsenSys”) inentered ~~the~~into ~~aggregate,~~a ~~paid~~commitment ~~upon~~letter (the ~~closing~~“Commitment ofLetter”) ~~the~~pursuant ~~Initial~~to ~~Public~~which ~~Offering.~~ConsenSys Inagreed ~~addition,~~to ~~$0.35~~subscribe ~~per~~for ~~Unit,~~an oraggregate ~~approximately~~of $~~12.1~~ 15 million inof ~~the~~equity ~~aggregate~~and/or ~~will~~convertible besecurities ~~payable~~ to ~~the~~be ~~underwriters~~issued ~~for~~by ~~deferred~~the ~~underwriting~~Company ~~commissions.~~or ~~The~~W3BCLOUD ~~deferred~~in ~~fee~~connection ~~will~~with ~~become~~the ~~payable~~Business toCombination, ~~the~~subject ~~underwriters~~to ~~from~~certain ~~the~~conditions ~~amounts~~set ~~held~~forth in the ~~Trust~~Commitment ~~Account~~Letter. ~~solely~~On inApril ~~the~~21, ~~event~~2023, ~~that~~W3BCLOUD ~~the~~Partners ~~Company~~Limited, ~~completes~~W3BCLOUD aand ~~Business~~ConsenSys ~~Combination,~~amended ~~subject~~and torestated the ~~terms~~Commitment ofLetter. In connection with the Termination ~~underwriting~~Agreement, ~~agreement~~the Commitment Letter has been terminated.

On January 18, 2023, the Company received a formal letter, from Barclays Capital Inc. (“Barclays”), one of the underwriters in the Company’s Initial Public Offering, advising that it had, among other things, (i) resigned from and ceased or refused to act in, its roles as coNon-~~placement~~Redemption agent, co-capital markets advisor and exclusive financial advisor to the Company in connection with the Merger and as underwriter in the Company’s Initial Public Offering and (ii) waived its right to receive an aggregate of $13.1 million in fees, all of which were contingent upon and payable upon the closing of the Merger, consisting of 2% of gross proceeds for its role as co-placement agent, $3.5 million for its role as financial advisor, a discretionary fee of up to $3.0 million, and $6.6 million of deferred underwriting fees accrued from its participation in the Company’s Initial Public Offering, as well as any expense reimbursements owed to it under those arrangements. The Company intends to continue to pursue the consummation of an initial Business Combination.Agreements

14On April 21, 2023, the Company entered into certain Voting, Share Purchase and Non-Redemption Agreements (the “Initial Non-Redemption Agreements”) with certain unaffiliated holders (the “Initial Holders”) of the Company’s Class A Common Stock. Pursuant to the Initial Non-Redemption Agreements, the Initial Holders agreed, among other things, not to redeem an aggregate of 650,000 shares of Class A Common Stock (the “Non-Redeemed Shares”) in connection with any vote of the stockholders of the Company where such Initial Holder would otherwise have been entitled to redeem the Non-Redeemed Shares and to hold the Non-Redeemed Shares until the business day following the meeting of the stockholders of the Company at which the stockholders vote on and approve the consummation of the Business Combination and related transactions.

On ~~January~~ May 26, 2023, the Company ~~and~~entered ~~BofA~~into ~~Securities,~~Additional Non-Redemption ~~Inc.,~~Agreements ~~one~~(as ofdefined below) with three additional unaffiliated holders (the ~~underwriters~~“Additional inHolders”) with respect to certain shares of the Company’s ~~Initial~~Class ~~Public~~A ~~Offering,~~Common ~~entered into~~Stock ancurrently ~~agreement~~held ~~pursuant~~by toor ~~which~~recently ~~BofA~~purchased ~~Securities~~by such Additional Holders, ~~Inc.~~or ~~waived~~which may ~~all~~be ~~rights~~purchased by such Additional Holders prior to ~~its~~the ~~pro~~date ~~rata~~that ~~share~~is 30 days from the date of the ~~Deferred~~Additional ~~Discount~~Redemption ~~(as~~Agreements ~~defined~~or insuch later date agreed by the ~~Underwriting~~Company ~~Agreement,~~in ~~dated~~its ~~February~~absolute 11discretion, ~~2021~~up to an aggregate cap of 345,220 ~~among~~shares of the Company,’s ~~and~~Class A ~~BofA~~Common ~~Securities,~~Stock ~~Inc.~~(the “Additional Non-Redeemed Shares”). ~~BofA~~The ~~Securities,~~Additional ~~Inc.~~Holders ~~pro~~currently ~~rata~~hold an aggregate of approximately ~~share~~297,767 shares of the ~~Deferred~~Company’s ~~Discount~~Class ~~was~~A ~~approximately~~Common ~~$5.5~~Stock ~~million~~ and ~~was~~one ~~payable~~of by the ~~Company~~Additional ~~upon~~Holders ~~consummation~~may ofpurchase anup ~~initial~~to ~~Business~~approximately 47,453 additional ~~Combination~~shares of the Company’s Class A Common Stock. The ~~Company~~additional ~~intends~~shares toof ~~continue~~Class toA ~~pursue~~Common Stock may be purchased by such Additional Holder either on the ~~consummation~~open market or directly, in a privately negotiated transaction, from other holders of anthe ~~initial~~Company’s ~~Business~~Class ~~Combination~~A Common Stock.

~~Deferred Legal Fees~~15

The Company ~~engaged~~entered ainto ~~legal~~two ~~counsel~~separate ~~firm~~forms ~~for~~of non-redemption ~~legal~~agreements ~~advisory~~with ~~services~~the Additional Holders. With respect to 248,620 ~~and~~shares of the ~~legal~~Company’s ~~counsel~~Class ~~agreed~~A toCommon ~~defer~~Stock ~~their~~currently held ~~fees~~by inthe ~~excess~~Additional ofHolders ~~$225~~(the “Voting Non-Redeemable Shares”),~~000~~ the Company entered into Voting, Share Purchase and Non-Redemption Agreements (the “~~Deferred~~Non-Redemption ~~Legal~~and ~~Fees~~Voting Agreements”), which are on materially the same terms as the Initial Non-Redemption Agreements, the form of which was filed as Exhibit 10.1 ~~The~~to ~~Deferred~~the ~~Legal~~Company’s ~~Fees~~Current ~~will~~Report ~~become~~on ~~payable~~Form 8-K dated April 21, 2023. Pursuant to the Non-Redemption and Voting Agreements, the Additional Holders have agreed to vote their respective Voting Non-Redeemable Shares in favor of certain matters to be put to a vote of the ~~event~~stockholders ~~that~~of the Company, ~~completes~~including athe consummation of the Business Combination. Asand ofrelated ~~June~~transactions. 30With respect to 49,147 ~~2023~~shares of the Company’s Class A Common Stock recently purchased by one of the Additional Holders and ~~December~~up 31to 47,453 ~~2022~~shares of the Company’s Class A Common Stock which may be purchased by that Additional Holder after the date hereof (the “Non-Redeemable Shares”), ~~there~~the ~~are~~Company ~~Deferred~~entered ~~Legal~~into ~~Fees~~a ofShare ~~approximately~~Purchase ~~$152~~and Non-Redemption Agreement (the “Non-Redemption Agreement” and,~~000~~ together with the Non-Redemption and Voting Agreements, ~~recognized~~the in“Additional ~~connection~~Non-Redemption ~~with~~Agreements”), which requires the Additional Holder to cause such Non-Redeemable Shares to be counted as present for purposes of establishing a quorum ~~services~~at certain meetings of the stockholders of the Company and to abstain from voting that Holder’s Non-Redeemable Shares on certain matters to be put to a vote of the ~~accompanying~~stockholders ~~consolidated~~of ~~balance~~the ~~sheets~~Company, including the consummation of the Business Combination and related transactions.

~~Commitments~~Pursuant to the Non-Redemption and Voting Agreements, the Additional Holders agreed, among other things: (i) not to redeem the Voting Non-Redeemable Shares in connection with any vote of the stockholders of the Company where such Additional Holder would otherwise have been entitled to redeem such Voting Non-Redeemable Shares; (ii) to hold the Additional Non-Redeemed Shares until the business day following the meeting of the stockholders of the Company at which the stockholders vote on and approve the consummation of the Business Combination, except that the Additional Holders may transfer the Voting Non-Redeemable Shares to other holders of Class A Common Stock which are subject to a non-redemption agreement with the Company on materially the same terms as the Non-Redemption and Voting Agreements and (iii) to vote their Voting Non-Redeemable Shares in favor of certain matters to be put to a vote of the stockholders of the Company, including, among other things, the consummation of the Business Combination and related transactions.

~~On April~~Pursuant ~~21,~~to ~~2023,~~the ~~W3BCLOUD~~Non-Redemption ~~and~~Agreement, the applicable ~~Company~~Additional ~~entered~~Holder ~~into~~agreed, aamong ~~non-binding~~other ~~term~~things: ~~sheet~~ (i) not to redeem the ~~“Term~~Non-Redeemable ~~Sheet”)~~Shares in connection with B.any ~~Riley~~vote ~~Principal~~of the ~~Capital~~stockholders ~~II,~~of ~~LLC~~the ~~(“B.~~Company ~~Riley”)~~where ~~with~~such ~~respect~~Additional toHolder awould ~~proposed~~otherwise ~~committed~~have ~~equity~~been ~~facility~~entitled ~~(the~~to ~~“Facility”).~~redeem ~~The~~such ~~availability~~Non-Redeemable Shares; (ii) ofto hold the ~~Facility~~Non-Redeemable isShares ~~subject~~until to the ~~negotiation~~business ~~and~~day ~~execution~~following ofthe ameeting ~~mutually~~of ~~acceptable~~the ~~purchase~~stockholders ~~agreement~~of ~~and~~the aCompany ~~related~~at ~~registration~~which ~~rights~~the stockholders ~~agreement~~vote ~~within~~on ~~ten~~and ~~days~~approve ~~from~~ the consummation of the Business Combination, ~~which~~except ~~will~~that ~~together~~the ~~document~~Additional ~~the~~Holder ~~terms~~may oftransfer the ~~Facility~~Non-Redeemable ~~(the~~Shares ~~“Definitive~~to ~~Agreements”).~~other ~~The~~holders ~~Term~~of ~~Sheet~~Class ~~contemplates~~A ~~that,~~Common ~~pursuant~~Stock which are subject to a non-redemption agreement with the ~~Definitive~~Company ~~Agreements,~~on ~~subject~~materially tothe ~~certain~~same ~~limitations~~terms ~~and~~as ~~conditions,~~the ~~including~~Non-Redemption ~~the~~Agreements; ~~filing~~(iii) ~~and~~to ~~effectiveness~~cause ofthe aNon-Redeemable ~~registration~~Shares ~~statement~~to ~~registering~~be ~~the~~counted ~~resale~~as bypresent B.for ~~Riley~~purposes of ~~the~~establishing ~~shares~~a ofquorum ~~New~~at ~~W3BCLOUD’s~~certain ~~Class~~meetings Aof ~~common~~the ~~stock~~stockholders ~~which~~of ~~may~~the beCompany, ~~issued~~and to itabstain ~~under~~from ~~the~~voting ~~Facility,~~their B.Non-Redeemable ~~Riley~~Shares ~~would~~in ~~commit~~favor of certain matters to ~~purchase~~be upput to ~~$150 million~~ a vote of ~~New~~the ~~W3BCLOUD’s~~stockholders ~~Class~~of Athe ~~common~~Company, ~~stock~~including, ~~which~~among ~~may~~other bethings, ~~sold~~the byconsummation ~~New~~of ~~W3BCLOUD~~the inBusiness ~~its~~Combination ~~discretion~~and related ~~from~~transactions ~~time~~and to(iv) ~~time~~not ~~by written notice~~ to B.purchase ~~Riley~~any ~~over~~Additional ~~a 24~~Non-~~month~~Redeemed ~~period.~~Shares ~~The~~at ~~Term~~a ~~Sheet~~price isexceeding ~~non-binding,~~$10.22 ~~and~~per ~~there~~share ~~can~~of beClass noA ~~guarantee~~Common Stock, ~~that~~being the ~~Definitive~~minimum ~~Agreements~~expected ~~will be~~per-share ~~executed,~~redemption ~~and~~price ~~the~~in ~~Facility~~connection ~~consummated~~with on the ~~terms~~Company’s ~~contemplated~~redemption byprocess ~~the~~with ~~Term~~respect ~~Sheet,~~to the orBusiness ~~at all~~Combination.

In ~~addition,~~ asconsideration ~~previously~~of ~~reported,~~the inagreements ~~July~~described ~~2022~~above, the ~~W3BCLOUD~~Company ~~Partners~~agreed, ~~Limited~~subject ~~and~~to ~~ConsenSys~~the AGrespective ~~(“ConsenSys”)~~Additional ~~entered~~Holder’s ~~into~~compliance awith ~~commitment letter~~their ~~(the~~obligations ~~“Commitment~~under ~~Letter”)~~the ~~pursuant~~Additional Non-Redemption Agreements, to ~~which~~issue ~~ConsenSys agreed~~ to ~~subscribe~~the ~~for~~Additional anHolders ~~aggregate~~(or ofdesignees ~~$15 million~~ of ~~equity~~ ~~and/or~~such ~~convertible~~Holders) ~~securities~~between to1,025,640 beand ~~issued~~1,189,089 byshares ~~the~~of ~~Company~~Class orA ~~W3BCLOUD~~Common Stock inupon ~~connection~~the ~~with~~closing of the Business Combination, (depending on the ~~“Commitment”), subject~~number toof ~~certain~~additional ~~conditions~~Non-Redeemable ~~set~~Shares ~~forth~~acquired inby the ~~Commitment~~Additional Holder ~~Letter.~~party ~~ConsenSys’~~to ~~commitment~~the ~~may~~Non-Redemption beAgreement ~~increased~~following inthe ~~its~~date ~~sole~~of ~~discretion to~~the upNon-Redemption ~~to $40 million~~Agreement. OnThe ~~April~~Additional ~~21,~~Holders ~~2023,~~will ~~W3BCLOUD~~be ~~Partners~~entitled to ~~Limited,~~the ~~W3BCLOUD~~registration ~~and~~rights ~~ConsenSys~~set ~~amended~~forth ~~and~~in ~~restated~~that ~~the~~certain ~~Commitment~~registration ~~Letter to~~rights ~~provide for~~agreement, ~~among~~dated ~~other~~as ~~things,~~of ~~ConsenSys’~~February ~~Commitment~~11, ~~being~~2021 ~~subject to:~~ (a)as ~~customary~~may ~~due~~be ~~diligence~~amended ~~investigations reasonably~~from ~~satisfactory~~time to ~~ConsenSys; (b~~time), among the ~~entrance~~Sponsor, ~~into~~the ~~subscription~~Company ~~agreements~~and bythe certain other ~~PIPE~~parties ~~investors~~thereto, ~~for~~with ~~the~~respect ~~purchase~~to ofsuch anshares ~~aggregate~~ of at ~~least $35 million of PIPE securities and~~ the ~~funding thereof and (c) no~~ Company’s Class ~~Material~~A ~~Adverse~~Common ~~Effect~~Stock ~~(as~~issued ~~defined~~to ~~in the Business Combination Agreement) occurring~~them.

The Company anticipates that one of the Additional Holders may make purchases of shares of the Company’s Class A Common Stock following execution of the Additional Non-Redemption Agreements. The Additional Non-Redemption Agreements are expected to increase the amount of funds that remain in the Company’s Trust Account following the meeting of the Company’s stockholders to approve the Business Combination. The Company may enter into additional non-redemption agreements from time to time and will disclose the execution of any such further non-redemption agreements once they have been entered into.

~~On April 21,~~As ~~2023,~~previously ~~the Company entered into certain Voting~~disclosed, ~~Share~~pursuant ~~Purchase~~to ~~and Non-Redemption Agreements (~~the ~~“Initial Non-Redemption Agreements”) with certain unaffiliated holders (the “Initial Holders”)~~Termination ofand ~~the~~Termination ~~Company’s Class A Common Stock. Pursuant to the Initial Non-Redemption Agreements~~Agreement, the ~~Initial~~Sponsor ~~Holders~~Letter ~~agreed, among~~Agreement ~~other~~and ~~things,~~First ~~not~~Amendment to ~~redeem~~Sponsor anLetter ~~aggregate~~Agreement ~~of 650,000 shares of Class A Common Stock (the “Non-Redeemed Shares”) in connection with any vote of the stockholders of the Company where such Initial Holder would otherwise~~ have each been entitled to redeem the Non-Redeemed Shares and to hold the Non-Redeemed Shares until the business day following the meeting of the stockholders of the Company at which the stockholders vote on and approve the consummation of the Business Combination and related transactionsterminated.

~~On May~~The ~~26,~~foregoing ~~2023,~~summary of the ~~Company~~Initial ~~entered into Additional~~ Non-Redemption Agreements ~~(as~~and ~~defined below) with three additional unaffiliated holders (~~the “Additional ~~Holders”)~~Non-Redemption ~~with~~Agreements ~~respect~~does tonot ~~certain~~purport ~~shares~~to ofbe ~~the~~complete ~~Company’s~~and ~~Class~~is Aqualified ~~Common~~in ~~Stock~~its ~~currently~~entirety ~~held~~ by orreference ~~recently purchased by such Additional Holders, or which may be purchased by such Additional Holders prior~~ to the ~~date~~Form ~~that is 30 days from the date~~ of ~~the Additional~~ Non-Redemption ~~Agreements~~and orVoting ~~such~~Agreement, ~~later~~filed ~~date agreed~~ by the Company inas ~~its~~Exhibit ~~absolute~~10.1 ~~discretion, up~~ to ~~an aggregate cap of 345,220 shares of~~ the ~~Company’s~~Current ~~Class~~Report Aon ~~Common~~Form ~~Stock (the “Additional Non~~8-~~Redeemed~~K ~~Shares”).~~dated ~~The Additional~~April ~~Holders~~21, ~~currently~~2023, ~~hold~~and anincorporated ~~aggregate~~by ofreference ~~approximately 297~~herein,~~767~~ ~~shares~~and of the ~~Company’s~~Form ~~Class A Common Stock and one~~ of ~~the~~Non-Redemption ~~Additional Holders may purchase up to approximately 47~~Agreement,~~453~~ ~~additional~~filed ~~shares~~by of the Company’s ~~Class~~as AExhibit ~~Common Stock~~10.2 ~~The~~to ~~additional shares~~the ofCurrent ~~Class~~Report ~~A Common Stock may be purchased by such Additional Holder either~~ on ~~the~~Form ~~open~~8-K ~~market~~dated orMay ~~directly~~26, ~~in a privately negotiated transaction~~2023, ~~from~~ ~~other~~and ~~holders~~incorporated ofby ~~the~~reference ~~Company’s Class A Common Stock~~herein.

1516

~~The Company~~NOTE ~~entered~~6 ~~into two separate forms of non~~-~~redemption~~ ~~agreements~~CLASS ~~with the Additional Holders. With respect to 248,620 shares of the Company’s Class~~ A ~~Common~~COMMON ~~Stock~~STOCK ~~currently~~SUBJECT ~~held~~TO byPOSSIBLE the Additional Holders (the “Voting Non-Redeemable Shares”), the Company entered into Voting, Share Purchase and Non-Redemption Agreements (the “Non-Redemption and Voting Agreements”), which are on materially the same terms as the Initial Non-Redemption Agreements, the form of which was filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K dated April 21, 2023, and incorporated by reference herein. Pursuant to the Non-Redemption and Voting Agreements, the Additional Holders have agreed to vote their respective Voting Non-Redeemable Shares in favor of certain matters to be put to a vote of the stockholders of the Company, including the consummation of the Business Combination and related transactions. With respect to 49,147 shares of the Company’s Class A Common Stock recently purchased by one of the Additional Holders and up to 47,453 shares of the Company’s Class A Common Stock which may be purchased by that Additional Holder after the date hereof (the “Non-Redeemable Shares”), the Company entered into a Share Purchase and Non-Redemption Agreement (the “Non-Redemption Agreement” and, together with the Non-Redemption and Voting Agreements, the “Additional Non-Redemption Agreements”), which requires the Additional Holder to cause such Non-Redeemable Shares to be counted as present for purposes of establishing a quorum at certain meetings of the stockholders of the Company and to abstain from voting that Holder’s Non-Redeemable Shares on certain matters to be put to a vote of the stockholders of the Company, including the consummation of the Business Combination and related transactions.REDEMPTION

~~Pursuant to~~The ~~the~~Company’s ~~Non-Redemption~~Class ~~and~~A ~~Voting~~Common ~~Agreements,~~Stock ~~the~~feature certain ~~Additional~~redemption ~~Holders~~rights ~~agreed,~~that ~~among~~are ~~other~~considered ~~things: (i) not~~ to ~~redeem~~be ~~the~~outside ~~Voting Non-Redeemable Shares in connection with any vote~~ of the ~~stockholders of the~~ Company’s ~~where~~control ~~such~~and ~~Additional~~subject ~~Holder~~to ~~would~~the ~~otherwise~~occurrence ~~have~~of ~~been~~future ~~entitled~~events. toThe ~~redeem~~Company ~~such~~is ~~Voting~~authorized ~~Non-Redeemable Shares; (ii)~~ to ~~hold~~issue ~~the~~100,000,000 ~~Additional~~shares ~~Non-Redeemed~~of ~~Shares~~Class ~~until~~A ~~the~~Common ~~business~~Stock ~~day~~with ~~following~~a ~~the~~par ~~meeting of~~value ~~the stockholders~~ of ~~the~~$0.0001 ~~Company~~per atshare. ~~which~~Holder ~~the stockholders vote on and approve the consummation~~ of the ~~Business Combination, except~~Company’s ~~that the Additional Holders may transfer the Voting Non-Redeemable Shares to other holders of~~ Class A Common Stock ~~which~~ are ~~subject~~ entitled to aone ~~non-redemption~~vote ~~agreement~~for ~~with~~each ~~the~~share. ~~Company~~As onof ~~materially~~September ~~the~~30, ~~same~~2023 ~~terms~~and asDecember ~~the~~31, ~~Non-Redemption~~2022, ~~and~~there ~~Voting~~were ~~Agreements~~1,557,134 and 1,652,286 ~~(iii)~~shares ~~to vote~~of ~~their~~Class ~~Voting~~A ~~Non-Redeemable~~Common ~~Shares~~Stock inoutstanding, ~~favor~~respectively, all of ~~certain~~which ~~matters~~were subject to bepossible ~~put~~redemption toat aredemption ~~vote~~ values of ~~the~~$10.52 ~~stockholders~~and of$10.30 ~~the~~per ~~Company~~share, ~~including~~respectively, ~~among~~ ~~other~~and ~~things,~~are ~~the~~classified ~~consummation~~outside of ~~the~~permanent ~~Business~~equity ~~Combination~~in ~~and~~the ~~related~~consolidated ~~transactions~~balance sheets.

~~Pursuant to~~The the Non-Redemption Agreement, the applicable Additional Holder agreed, among other things: (i) not to redeem the Non-Redeemable Shares in connection with any vote of the stockholders of the Company where such Additional Holder would otherwise have been entitled to redeem such Non-Redeemable Shares; (ii) to hold the Non-Redeemable Shares until the business day following the meeting of the stockholders of the Company at which the stockholders vote on and approve the consummation of the Business Combination, except that the Additional Holder may transfer the Non-Redeemable Shares to other holders of Class A Common Stock ~~which are~~ subject to apossible ~~non-~~redemption ~~agreement with~~ ~~the~~reflected ~~Company~~ on ~~materially~~ the ~~same~~consolidated ~~terms~~balance assheets ~~the~~is ~~Non-Redemption~~reconciled ~~Agreements;~~on ~~(iii) to cause~~ the ~~Non-Redeemable~~following Shares to be counted as present for purposes of establishing a quorum at certain meetings of the stockholders of the Company, and to abstain from voting their Non-Redeemable Shares in favor of certain matters to be put to a vote of the stockholders of the Company, including, among other things, the consummation of the Business Combination and related transactions and (iv) not to purchase any Additional Non-Redeemed Shares at a price exceeding $10.22 per share of Class A Common Stock, being the minimum expected per-share redemption price in connection with the Company’s redemption process with respect to the Business Combination.table:

In consideration of the agreements described above, the Company agreed, subject to the respective Additional Holder’s compliance with their obligations under the Additional Non-Redemption Agreements, to issue to the Additional Holders (or designees of such Holders) between 1,025,640 and 1,189,089 shares of Class A Common Stock upon the closing of the Business Combination, depending on the number of additional Non-Redeemable Shares acquired by the Additional Holder party to the Non-Redemption Agreement following the date of the Non-Redemption Agreement. The Additional Holders will be entitled to the registration rights set forth in that certain registration rights agreement, dated as of February 11, 2021 (as may be amended from time to time), among the Sponsor, the Company and the certain other parties thereto, with respect to such shares of the Company’s Class A Common Stock issued to them.

Class A Common Stock subject to possible redemption, December 31, 2021	$	345,000,000
Less:
Redemption of Class A Common Stock subject to possible redemption		(331,500,835	)
Plus:
Remeasurement of Class A Common Stock subject to possible redemption amount		3,527,609
Class A Common Stock subject to possible redemption, December 31, 2022		17,026,774
Less:
Redemption of Class A Common Stock subject to possible redemption		(967,765	)
Plus:
Remeasurement of Class A Common Stock subject to possible redemption amount		314,735
Class A Common Stock subject to possible redemption, September 30, 2023	$	16,373,744

16NOTE 7 - STOCKHOLDERS’ DEFICIT

~~As previously~~Preferred ~~disclosed,~~Stock ~~pursuant~~- toThe ~~the~~Company ~~Sponsor Letter Agreement, as amended by the First Amendment~~is authorized to ~~Sponsor~~issue ~~Letter Agreement~~1, 4000,~~312,500~~000 shares of ~~the~~preferred ~~Company’s~~stock, ~~Class~~par Bvalue ~~Common~~$0.0001 ~~Stock~~per ~~currently~~share, ~~held~~with bysuch ~~the~~designations, ~~Sponsor~~voting ~~shall be~~and ~~transferred~~other ~~(or otherwise forfeited~~ rights and ~~new~~preferences ~~shares~~as ofmay ~~the~~be ~~Company’s~~determined ~~Class~~from Atime ~~Common~~to ~~Stock,~~time ~~be issued~~ by the Company)’s toboard ~~non-redeeming stockholders~~ of ~~the~~directors. ~~Company,~~As ~~to certain investors in a potential PIPE financing in connection with the consummation~~ of ~~the~~September ~~proposed Business Combination with W3BCLOUD or for other purposes agreed to by the Sponsor~~30, ~~the~~2023 ~~Company~~ and ~~W3BCLOUD (the “Incentive Shares”).~~December ~~Any Incentive Shares which are not so utilized in connection with non-redemption agreements~~31, ~~PIPE financings or for other purposes agreed to by the Sponsor~~2022, ~~the~~there ~~Company~~were ~~and~~no ~~W3BCLOUD~~shares ~~will be surrendered by the Sponsor at the closing~~ of ~~the~~preferred ~~proposed~~stock ~~Business~~issued ~~Combination~~or ~~with W3BCLOUD without consideration~~outstanding.

~~The foregoing~~Class ~~summary~~A ofCommon ~~the~~Stock ~~Initial Non~~-~~Redemption~~ ~~Agreements~~The ~~and~~Company is ~~the~~authorized ~~Additional~~to ~~Non-Redemption~~issue ~~Agreements~~80,000,000 ~~does~~shares ~~not~~of ~~purport~~Class toA beCommon ~~complete and~~Stock iswith ~~qualified~~a inpar ~~its~~value ~~entirety~~of by$0.0001 ~~reference~~per toshare. ~~the~~As ~~Form~~ of ~~Non-Redemption~~September 30, 2023 and ~~Voting~~December 31, ~~Agreement~~2022, ~~filed~~there bywere ~~the~~1,557,134 ~~Company~~and ~~as Exhibit 10.~~1 to,652,286 ~~the~~shares ~~Current~~of ~~Report~~Class onA ~~Form~~Common ~~8-K~~Stock ~~dated~~issued ~~April~~and 21outstanding, ~~2023,~~all ~~and~~of ~~incorporated~~which bywere ~~reference~~subject ~~herein,~~to ~~and~~possible redemption ~~the~~at ~~Form~~redemption values of ~~Non-Redemption~~$10.52 ~~Agreement, filed~~and by$10.30 ~~the~~per ~~Company~~share, asrespectively. ~~Exhibit~~All ~~10.2~~shares toof ~~the~~Class ~~Current~~A ~~Report~~Common onStock ~~Form~~subject ~~8-K~~to ~~dated~~possible ~~May~~redemption have ~~26,~~been ~~2023,~~classified ~~and~~as ~~incorporated~~temporary byequity ~~reference~~(see ~~herein~~Note 6).

~~NOTE~~Class B Common Stock - The Company 6is authorized to issue 20,000,000 shares of Class B Common Stock with a par value of $0.0001 per share. As of February 17, 2021, there were 8,625,000 shares of Class B Common Stock outstanding, which amount have been retroactively restated to reflect the stock split as discussed in Note 4. Of these, up to 1,125,000 shares of Class B Common Stock were subject to forfeiture, to the Company by the Sponsor for no consideration to the extent that the underwriters’ over-allotment ~~CLASS~~option Awas ~~COMMON~~not ~~STOCK~~exercised ~~SUBJECT~~in TOfull ~~POSSIBLE~~or ~~REDEMPTION~~in part, so that the number of shares of Class B Common Stock outstanding would collectively equal 20% of the Company’s issued and outstanding common stock after the Initial Public Offering. On February 17, 2021, the underwriter fully exercised its option to purchase additional Units; thus, these 1,125,000 shares of Class B Common Stock were no longer subject to forfeiture. There were 8,625,000 shares issued and outstanding as of September 30, 2023 and December 31, 2022.

~~The Company’s~~Holders of Class A Common Stock ~~feature~~and ~~certain~~holders ~~redemption rights that are considered to be outside~~ of ~~the Company’s control~~ ~~and~~Class ~~subject~~B toCommon ~~the~~Stock ~~occurrence~~will ofvote ~~future~~together ~~events.~~as ~~The~~a ~~Company~~single ~~is authorized to issue 100~~class,~~000,000~~ ~~shares of Class A Common Stock~~ with ~~a par~~each ~~value of $0.0001 per~~ share. ~~Holder~~entitling of the ~~Company’s~~holder ~~Class A Common Stock are entitled~~ to one vote; ~~for~~provided, ~~each share. As of June~~however, 30that, ~~2023~~prior ~~and~~to ~~December~~the ~~31,~~closing ~~2022,~~of ~~there~~the ~~were~~Company’s ~~1,557,134~~initial ~~and~~Business 1Combination,~~652,286~~ ~~shares~~only holders of Class AB Common Stock ~~outstanding,~~will ~~respectively,~~have ~~all~~the ~~of which~~right ~~were subject~~ to ~~possible~~elect ~~redemption~~or atremove ~~redemption values of $10.43 and $10.30 per share, respectively, and are classified outside of permanent equity in~~ the ~~consolidated~~Company’s ~~balance sheets~~directors.

The Class B Common Stock will automatically convert into Class A Common Stock at the time of the initial Business Combination, or earlier at the option of the holder, on a one-for-one basis, subject to ~~possible~~adjustment ~~redemption~~for ~~reflected~~stock onsplits, stock dividends, reorganizations, recapitalizations and the ~~consolidated~~like, ~~balance~~and ~~sheets~~subject isto ~~reconciled~~further adjustment as provided herein. In the case that additional shares of Class A Common Stock or equity-linked securities are issued or deemed issued in excess of the amounts issued in the Initial Public Offering and related to the closing of the initial Business Combination, the ratio at which the shares of Class B Common Stock will convert into shares of Class A Common Stock will be adjusted (unless the holders of a majority of the issued and outstanding shares of Class B Common Stock agree to waive such anti-dilution adjustment with respect to any such issuance or deemed issuance) so that the number of shares of Class A Common Stock issuable upon conversion of all shares of Class B Common Stock will equal, in the aggregate, on an as-converted basis, 20% of the ~~following~~sum ~~table:~~of all shares of common stock issued and outstanding upon the completion of the Initial Public Offering plus all shares of Class A Common Stock and equity-linked securities issued or deemed issued in connection with the initial Business Combination, excluding any shares or equity-linked securities issued, or to be issued, to any seller in the initial Business Combination.

Class A Common Stock subject to possible redemption, December 31, 2021	$	345,000,000
Less:
Redemption of Class A Common Stock subject to possible redemption		(331,500,835	)
Plus:
Remeasurement of Class A Common Stock subject to possible redemption amount		3,527,609
Class A Common Stock subject to possible redemption, December 31, 2022		17,026,774
Less:
Redemption of Class A Common Stock subject to possible redemption		(967,765	)
Plus:
Remeasurement of Class A Common Stock subject to possible redemption amount		186,478
Class A Common Stock subject to possible redemption, June 30, 2023	$	16,245,487

NOTE 7 8 - ~~STOCKHOLDERS’ DEFICIT~~WARRANTS

~~Preferred Stock~~As ~~- The Company is authorized to issue 1,000,000 shares~~ of ~~preferred~~September ~~stock~~30, ~~par~~2023 ~~value~~and ~~$0.0001~~December ~~per share~~31, ~~with such designations~~2022, ~~voting and other rights and preferences as may be determined from time to time by~~ the Company’s ~~board~~had ~~of directors. As of June 30~~8,625,000 ~~2023~~Public Warrants and ~~December 31~~6, ~~2022~~000,000 ~~there~~Private ~~were~~Placement noWarrants ~~shares of preferred stock issued or~~ outstanding.

~~Class~~Public Warrants may only be exercised in whole and only for a whole number of shares. No fractional Public Warrants will be issued upon separation of the Units and only whole Public Warrants will trade. The Public Warrants will become exercisable on the later of (a) 30 days after the completion of a Business Combination and (b) 12 months from the closing of the Initial Public Offering; provided in each case that the Company has an effective registration statement under the Securities Act covering the issuance of the shares of Class A Common Stock -issuable ~~The~~upon ~~Company~~exercise of the Public Warrants and a current prospectus relating to them is ~~authorized~~available (or the Company permits holders to ~~issue~~exercise 80their Public Warrants on a cashless basis and such cashless exercise is exempt from registration under the Securities Act). The Company agreed that as soon as practicable,~~000~~ but in no event later than 15 business days after the closing of the initial Business Combination,~~000~~ the Company will use its commercially reasonable efforts to file with the SEC and have an effective registration statement covering the shares of Class A Common Stock ~~with~~issuable upon exercise of the warrants and to maintain a ~~par~~current ~~value~~prospectus relating to those shares of ~~$0.0001~~Class ~~per~~A Common Stock until the warrants ~~share~~expire or are redeemed. AsIf a registration statement covering the Class A Common Stock issuable upon exercise of ~~June~~the ~~30,~~warrants ~~2023~~is ~~and~~not ~~December~~effective by 31the 60th business day after the closing of the initial Business Combination, ~~2022~~warrant holders may, until such time as there ~~were~~is ~~1,557,134~~an effective registration statement and 1during any period when the Company will have failed to maintain an effective registration statement,~~652~~ exercise warrants on a “cashless basis” in accordance with Section 3(a)(9) of the Securities Act or another exemption. Notwithstanding the above,~~286~~ if the Company’s shares of Class A Common Stock ~~issued~~are ~~and~~at ~~outstanding,~~the time of any exercise of a warrant not listed on a national ~~all~~securities exchange such that they satisfy the definition of ~~which~~a ~~were~~“covered ~~subject~~security” tounder ~~possible~~Section ~~redemption~~18(b)(1) of the Securities Act, the Company may, at ~~redemption~~its ~~values~~option, require holders of ~~$10.43~~Public Warrants who exercise their warrants to do so on a “cashless basis” in accordance with Section 3(a)(9) of the Securities Act and, ~~$10.30~~in ~~per~~the ~~share~~event the Company so elect, ~~respectively.~~it ~~All~~will ~~shares~~not ofbe ~~Class~~required to file or maintain Ain ~~Common~~effect ~~Stock~~a ~~subject~~registration statement, and in the event the Company does not so elect, it will use commercially reasonable efforts to ~~possible~~register or ~~redemption~~qualify ~~have~~the ~~been~~shares ~~classified~~under asapplicable ~~temporary~~blue ~~equity~~sky ~~(see~~laws ~~Note~~to 6)the extent an exemption is not available. The Public Warrants will expire five years after the completion of a Business Combination or earlier upon redemption or liquidation.

~~Class B~~The ~~Common~~warrants ~~Stock~~have -an ~~The~~exercise ~~Company~~price isof ~~authorized~~$11.50 per share, subject to ~~issue~~adjustment. 20In addition,~~000,000~~ if (x) the Company issues additional shares of Class BA Common Stock or equity-linked securities for capital raising purposes in connection with athe ~~par~~closing ~~value~~of the initial Business Combination at an issue price or effective issue price of less than $09.~~0001~~20 per share. As of ~~February~~Class ~~17,~~A ~~2021,~~Common ~~there~~Stock ~~were~~(with 8such issue price or effective issue price to be determined in good faith by the board of directors and,~~625,000~~ ~~shares~~in the case of ~~Class~~any Bsuch ~~Common~~issuance ~~Stock~~to ~~outstanding~~the Sponsor or its affiliates, ~~which~~without ~~amount~~taking ~~have~~into ~~been~~account ~~retroactively~~any Founder ~~restated~~Shares toheld ~~reflect~~by the ~~stock~~Sponsor ~~split~~or such affiliates, as ~~discussed~~applicable, inprior ~~Note~~to 4.such Ofissuance) ~~these~~(the “Newly Issued Price”), up(y) tothe aggregate 1gross proceeds from such issuances represent more than 60% of the total equity proceeds,~~125~~ and interest thereon,~~000~~ ~~shares~~available for the funding of ~~Class~~the Binitial ~~Common~~Business ~~Stock~~Combination ~~were~~on ~~subject~~the ~~to forfeiture,~~date toof the ~~Company~~completion byof the ~~Sponsor~~initial ~~for~~Business noCombination ~~consideration~~(net toof redemptions) and (z) the ~~extent~~volume ~~that~~weighted average trading price of the ~~underwriters’~~shares ~~over~~of Class A Common Stock during the 20-~~allotment~~trading ~~option~~day ~~was~~period ~~not~~starting on the ~~exercised~~trading inday ~~full~~prior orto inthe ~~part~~day on which the Company consummates its initial Business Combination (such price, sothe ~~that~~“Market Value”) is below $9.20 per share, the ~~number~~exercise price of ~~shares~~the ofwarrants ~~Class~~will Bbe ~~Common~~adjusted ~~Stock~~(to ~~outstanding~~the ~~would~~nearest ~~collectively~~cent) to be equal 20to 115% of the ~~Company’s~~higher ~~issued~~of the Market Value and ~~outstanding~~the ~~common~~Newly ~~stock~~Issued ~~after~~Price, and the ~~Initial~~$18.00 ~~Public~~and ~~Offering~~$10.00 Onper ~~February~~share ~~17,~~redemption ~~2021,~~trigger prices described under “Redemption of warrants when the ~~underwriter~~price ~~fully~~per ~~exercised~~share ~~its~~of ~~option to~~Class ~~purchase~~A ~~additional~~Common ~~Units;~~Stock ~~thus,~~equals ~~these~~or ~~1,125,000~~exceeds ~~shares~~$18.00” and “Redemption of warrants when the price per share of Class BA Common Stock ~~were~~equals noor ~~longer~~exceeds ~~subject~~$10.00” will be adjusted (to ~~forfeiture.~~the ~~There~~nearest ~~were~~cent) ~~8,625,000 shares~~to ~~issued~~be equal to 180% and 100%, ~~outstanding~~respectively, asof the higher of ~~June~~the ~~30,~~Market ~~2023~~Value and ~~December~~the ~~31,~~Newly ~~2022~~Issued Price.

~~Holders~~The Private Placement Warrants will be identical ofto ~~Class~~the APublic ~~Common~~Warrants, ~~Stock~~except that the Private Placement Warrants and ~~holders~~the shares of Class BA Common Stock ~~will~~issuable ~~vote~~upon ~~together~~exercise asof athe Private ~~single~~Placement ~~class~~Warrants will not be transferable, ~~with~~assignable ~~each~~or ~~share~~salable ~~entitling~~until 30 days after the ~~holder~~completion of a Business Combination, subject to ~~one~~certain ~~vote;~~limited ~~provided,~~exceptions. ~~however~~Additionally, ~~that,~~the ~~prior~~Private toPlacement ~~the~~Warrants ~~closing~~will ofbe non-redeemable so long as they are held by the ~~Company’s~~Sponsor ~~initial~~or ~~Business~~its ~~Combination~~permitted transferees, ~~only~~except ~~holders~~in certain limited circumstances. If the Private Placement Warrants are held by someone ofother ~~Class~~than Bthe ~~Common~~Sponsor ~~Stock~~or ~~will~~its ~~have~~permitted transferees, the ~~right~~Private toPlacement ~~elect~~Warrants orwill ~~remove~~be redeemable by the Company’s ~~directors~~and exercisable by such holders on the same basis as the Public Warrants.

1719

~~The Class~~Redemption ~~B Common Stock will automatically convert into Class A Common Stock at the time~~ of ~~the~~warrants ~~initial~~when ~~Business Combination, or earlier at~~ the ~~option~~price ofper ~~the holder, on a one-for-one basis, subject to adjustment for stock splits, stock dividends, reorganizations, recapitalizations~~share ~~and the like, and subject to further adjustment as provided herein. In the case that additional shares~~ of Class A Common Stock orequals ~~equity-linked securities are issued~~ or ~~deemed~~exceeds issued in excess of the amounts issued in the Initial Public Offering and related to the closing of the initial Business Combination, the ratio at which the shares of Class B Common Stock will convert into shares of Class A Common Stock will be adjusted (unless the holders of a majority of the issued and outstanding shares of Class B Common Stock agree to waive such anti-dilution adjustment with respect to any such issuance or deemed issuance) so that the number of shares of Class A Common Stock issuable upon conversion of all shares of Class B Common Stock will equal, in the aggregate, on an as-converted basis, 20% of the sum of all shares of common stock issued and outstanding upon the completion of the Initial Public Offering plus all shares of Class A Common Stock and equity-linked securities issued or deemed issued in connection with the initial Business Combination, excluding any shares or equity-linked securities issued, or to be issued, to any seller in the initial Business Combination$18.00:

~~NOTE~~Once the warrants become exercisable, the Company 8may -redeem ~~WARRANTS~~the outstanding warrants (except as described herein with respect to the Private Placement Warrants):

~~As of~~● ~~June~~in ~~30,~~whole ~~2023~~ and ~~December~~not ~~31,~~in ~~2022, the Company had 8,625,000 Public Warrants and 6,000,000 Private Placement Warrants outstanding.~~part;

~~Public Warrants~~● may only be exercised in whole and only for a whole number of shares. No fractional Public Warrants will be issued upon separation of the Units and only whole Public Warrants will trade. The Public Warrants will become exercisable on the later of (a) 30 days after the completion of a Business Combination and (b) 12 months from the closing of the Initial Public Offering; provided in each case that the Company has an effective registration statement under the Securities Act covering the issuance of the shares of Class A Common Stock issuable upon exercise of the Public Warrants and a current prospectus relating to them is available (or the Company permits holders to exercise their Public Warrants on a cashless basis and such cashless exercise is exempt from registration under the Securities Act). The Company agreed that as soon as practicable, but in no event later than 15 business days after the closing of the initial Business Combination, the Company will use its commercially reasonable efforts to file with the SEC and have an effective registration statement covering the shares of Class A Common Stock issuable upon exercise of the warrants and to maintain a current prospectus relating to those shares of Class A Common Stock until the warrants expire or are redeemed. If a registration statement covering the Class A Common Stock issuable upon exercise of the warrants is not effective by the 60th business day after the closing of the initial Business Combination, warrant holders may, until such time as there is an effective registration statement and during any period when the Company will have failed to maintain an effective registration statement, exercise warrants on a “cashless basis” in accordance with Section 3(a)(9) of the Securities Act or another exemption. Notwithstanding the above, if the Company’s shares of Class A Common Stock are at ~~the time of any exercise of~~ a ~~warrant~~price ~~not listed on a national securities exchange such that they satisfy the definition~~ of a “covered security” under Section 18(b)(1) of the Securities Act, the Company may, at its option, require holders of Public Warrants who exercise their warrants to do so on a “cashless basis” in accordance with Section 3(a)(9) of the Securities Act and, in the event the Company so elect, it will not be required to file or maintain in effect a registration statement, and in the event the Company does not so elect, it will use commercially reasonable efforts to register or qualify the shares under applicable blue sky laws to the extent an exemption is not available$0.01 ~~The~~per ~~Public Warrants will expire five years after the completion of a Business Combination or earlier upon redemption or liquidation.~~warrant;

~~The warrants~~● ~~have~~upon ana ~~exercise~~minimum ~~price~~ of ~~$11.50~~30 ~~per~~days’ share, subject to adjustment. In addition, if (x) the Company issues additional shares of Class A Common Stock or equity-linked securities for capital raising purposes in connection with the closing of the initial Business Combination at an issue price or effective issue price of less than $9.20 per share of Class A Common Stock (with such issue price or effective issue price to be determined in good faith by the board of directors and, in the case of any such issuance to the Sponsor or its affiliates, without taking into account any Founder Shares held by the Sponsor or such affiliates, as applicable, prior towritten ~~such~~notice ~~issuance) (the “Newly Issued Price”), (y) the aggregate gross proceeds from such issuances represent more than 60%~~ of the total equity proceeds, and interest thereon, available for the funding of the initial Business Combination on the date of the completion of the initial Business Combination (net of redemptions) and (z) the volume weighted average trading price of the shares of Class A Common Stock during the 20-trading day period starting on the trading day prior to the day on which the Company consummates its initial Business Combination (such price, the “Market Value”) is below $9.20 per share, the exercise price of the warrants will be adjusted (to the nearest cent) to be equal to 115% of the higher of the Market Value and the Newly Issued Price, and the $18.00 and $10.00 per share redemption ~~trigger~~ prices described under “Redemption of warrants when the price per share of Class A Common Stock equals or exceeds $18.00” and “Redemption of warrants when the price per share of Class A Common Stock equals or exceeds $10.00” will be adjusted (to ~~the~~ ~~nearest~~each ~~cent)~~warrant toholder; ~~be equal to 180%~~ and ~~100%, respectively, of the higher of the Market Value and the Newly Issued Price.~~

~~The Private~~● ~~Placement~~if, ~~Warrants~~and ~~will~~only ~~be identical to the Public Warrants~~if, ~~except that~~ the ~~Private~~last ~~Placement~~reported ~~Warrants~~sale ~~and~~price ~~the shares~~ of Class A Common Stock ~~issuable~~for ~~upon~~any ~~exercise~~20-trading ofdays ~~the~~within ~~Private~~a ~~Placement~~30-trading ~~Warrants~~day ~~will~~period ~~not~~ending beon ~~transferable, assignable or salable until 30 days after~~ the ~~completion~~third oftrading aday ~~Business~~prior ~~Combination, subject~~ to ~~certain~~the ~~limited~~date ~~exceptions.~~on ~~Additionally,~~which the ~~Private~~Company ~~Placement~~sends ~~Warrants~~the ~~will be~~notice ~~non-redeemable~~of soredemption ~~long~~to asthe ~~they~~warrant ~~are~~holders ~~held~~(the by“Reference ~~the~~Value”) ~~Sponsor~~equals or ~~its~~exceeds ~~permitted transferees, except in certain limited circumstances~~$18.00 Ifper ~~the Private~~share ~~Placement~~(as ~~Warrants~~adjusted ~~are~~for ~~held~~stock bysplits, ~~someone~~stock ~~other~~dividends, ~~than the Sponsor or its permitted transferees~~reorganizations, ~~the~~recapitalizations ~~Private Placement Warrants will be redeemable by the Company~~ and ~~exercisable by such holders on~~ the ~~same basis as the Public Warrants~~like).

~~Redemption of~~The Company will not redeem the warrants ~~when~~as described above unless a registration statement under the ~~price~~Securities ~~per~~Act ~~share~~covering the issuance of the shares of Class A Common Stock ~~equals~~issuable orupon exercise ~~exceeds~~of ~~$18~~the warrants is then effective and a current prospectus relating to those shares of common stock is available throughout the 30-day redemption period.~~00:~~

18Except as described below, none of the Private Placement Warrants will be redeemable by us so long as they are held by the Sponsor or its permitted transferees.

~~Once the~~Redemption of warrants ~~become~~when ~~exercisable,~~ the ~~Company~~price ~~may~~per ~~redeem~~share of ~~the~~Class ~~outstanding~~A ~~warrants~~Common ~~(except~~Stock asequals ~~described~~or ~~herein~~exceeds ~~with respect to the Private Placement Warrants)~~$10.00:

●Once inthe ~~whole~~warrants ~~and~~become ~~not~~exercisable, inthe ~~part;~~Company may redeem the outstanding warrants:

● atin awhole ~~price~~and ofnot ~~$0.01~~in ~~per warrant~~part;

● at $0.10 per warrant upon a minimum of 30 days’ prior written notice of redemption; provided that holders will be able to ~~each~~exercise ~~warrant~~their ~~holder;~~warrants on a cashless basis prior to redemption and receive that number of shares determined by reference to an agreed table based on the redemption date and the “fair market value” of Class A Common Stock;

● if, and only if, the last reported sale price of Class A Common Stock for any 20-trading days within a 30-trading day period ending on the third trading day prior to the date on which the Company sends the notice of redemption to the warrant holders (the “Reference Value”) equals or exceeds $1810.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like).; and

~~The Company~~● ~~will~~if ~~not redeem~~ the ~~warrants~~Reference asValue ~~described~~is ~~above~~less ~~unless~~than a$18.00 ~~registration~~per ~~statement~~share ~~under~~(as ~~the~~adjusted ~~Securities~~for ~~Act~~stock ~~covering~~splits, ~~the~~stock ~~issuance of~~dividends, ~~the~~reorganizations, ~~shares~~recapitalizations ofand ~~Class~~the Alike), ~~Common Stock issuable upon exercise of~~ the ~~warrants~~Private isPlacement ~~then~~Warrants ~~effective~~must ~~and~~also aconcurrently ~~current~~be ~~prospectus~~called ~~relating~~for toredemption ~~those shares~~on ofthe ~~common~~same ~~stock~~terms isas ~~available~~the ~~throughout~~outstanding ~~the~~Public ~~30-day~~Warrants, ~~redemption~~as ~~period~~described above.

~~Except~~The “fair market value” of Class A asCommon ~~described~~Stock ~~below,~~shall ~~none~~mean the volume-weighted average price of Class A Common Stock for the ~~Private~~ten ~~Placement~~trading ~~Warrants~~days ~~will~~immediately befollowing ~~redeemable~~the bydate on uswhich sothe ~~long~~notice asof ~~they~~redemption ~~are~~is ~~held~~sent byto the ~~Sponsor~~holders orof ~~its~~warrants. ~~permitted~~In no event will the warrants be exercisable in connection with ~~transferees~~this redemption feature for more than 0.361 shares of Class A Common Stock per warrant (subject to adjustment).

~~Redemption~~If the Company is unable to complete a Business Combination within the Combination Period and the Company liquidates the funds held in the Trust Account, holders of warrants ~~when~~will not receive any of such funds with respect to their warrants, nor will they receive any distribution from the ~~price~~Company’s ~~per~~assets ~~share~~held outside of ~~Class~~the ATrust ~~Common~~Account ~~Stock~~with ~~equals~~the orrespect ~~exceeds~~to ~~$10~~such warrants.~~00:~~ Accordingly, the warrants may expire worthless.

~~Once the warrants become exercisable, the Company may redeem the outstanding warrants:~~20

●NOTE in9 ~~whole~~- ~~and~~FAIR ~~not~~VALUE ~~in part;~~MEASUREMENTS

●The atfollowing ~~$0.10~~table ~~per~~presents ~~warrant~~information ~~upon~~about the ~~a minimum of 30 days~~Company’s ~~prior~~assets ~~written~~and ~~notice~~liabilities ~~of redemption; provided~~ that ~~holders~~are ~~will~~measured beat ~~able~~fair tovalue ~~exercise their warrants~~ on a ~~cashless~~recurring basis ~~prior~~as toof ~~redemption~~September ~~and~~30, ~~receive~~2023 ~~that~~and ~~number~~December 31, of2022, ~~shares~~and ~~determined~~indicates bythe ~~reference~~fair tovalue anhierarchy ~~agreed~~of ~~table based on~~ the ~~redemption~~valuation ~~date~~techniques ~~and~~that the ~~“fair~~Company ~~market~~utilized ~~value”~~to ofdetermine ~~Class~~such Afair ~~Common Stock;~~value.

●September if30, ~~and only if, the Reference Value equals or exceeds $10.00 per share as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like; and~~2023

● if the Reference Value is less than $18.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like), the Private Placement Warrants must also concurrently be called for redemption on the same terms as the outstanding Public Warrants, as described above.

Description	Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)
Assets:
Investments held in Trust Account - Money market funds	$	16,073,631	$	—	$	—
Liabilities:
Derivative warrant liabilities - Public warrants	$	431,250	$	—	$	—
Derivative warrant liabilities - Private placement warrants	$	—	$	300,000	$	—

~~The “fair~~December ~~market~~31, value” of Class A Common Stock shall mean the volume-weighted average price of Class A Common Stock for the ten trading days immediately following the date on which the notice of redemption is sent to the holders of warrants. In no event will the warrants be exercisable in connection with this redemption feature for more than 0.361 shares of Class A Common Stock per warrant (subject to adjustment).2022

If the Company is unable to complete a Business Combination within the Combination Period and the Company liquidates the funds held in the Trust Account, holders of warrants will not receive any of such funds with respect to their warrants, nor will they receive any distribution from the Company’s assets held outside of the Trust Account with the respect to such warrants. Accordingly, the warrants may expire worthless.

Description	Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)
Assets:
Investments held in Trust Account - Money market funds	$	16,674,956	$	—	$	—
Liabilities:
Derivative warrant liabilities - Public warrants	$	517,500	$	—	$	—
Derivative warrant liabilities - Private placement warrants	$	—	$	358,960	$	—

~~NOTE~~Transfers to/from Levels 1, 2, and 3 are recognized 9at -the ~~FAIR~~beginning ~~VALUE~~of ~~MEASUREMENTS~~the reporting period. The estimated fair value of the Public Warrants was transferred from a Level 3 measurement to a Level 1 measurement, when the Public Warrants were separately listed and traded in an active market in April 2021. The estimated fair value of the Private Placement Warrants was transferred from a Level 3 measurement to a Level 2 measurement in April 2021, as the transfer of Private Placement Warrants to anyone who is not a permitted transferee would result in the Private Placement Warrants having substantially the same terms as the Public Warrants, the Company determined that the fair value of each Private Placement Warrant is equivalent to that of each Public Warrant. There were no other transfers to/from Levels 1, 2, and 3 during the period ended September 30, 2023 and during the year ended December 31, 2022.

~~The following~~For ~~table~~periods ~~presents~~where ~~information~~no ~~about~~observable traded price is available, the Company’s ~~assets~~utilized a Monte-Carlo simulation to estimate the fair value of the Public Warrants and ~~liabilities~~used ~~that~~the ~~are~~Black-Scholes option ~~measured~~pricing atmodel to estimate the fair value of the Private Placement Warrants. For periods subsequent to the detachment of the Public Warrants from the Units, the fair value of the Public Warrants is based on athe ~~recurring~~observable listed price for such warrants. The estimated ~~basis~~fair asvalue of ~~June~~the ~~30,~~Public ~~2023~~Warrants and ~~December~~Private 31Placement Warrants, ~~2022~~prior to the Public Warrants being traded in an active market, was determined using Level 3 inputs. Inherent in a binomial lattice model are assumptions related to the Unit price, expected volatility, risk-free interest rate, term to expiration, and ~~indicates~~dividend yield. The Unit price is based on the ~~fair~~publicly ~~value~~traded ~~hierarchy~~price of the ~~valuation~~Units ~~techniques~~as ~~that~~of the measurement date. The Company estimated the volatility for the Public Warrants and Private Placement Warrants based on the implied volatility from ~~utilized~~the traded prices of warrants issued by other special purpose acquisition companies. The risk-free interest rate is based on interpolated U.S. Treasury rates, commensurate with a similar term to ~~determine~~the ~~such~~Public ~~fair~~Warrants ~~value~~and Private Placement Warrants. The term to expiration was calculated as the contractual term of the Public Warrants and Private Placement Warrants, assuming one year to a Business Combination from the Initial Public Offering date. Finally, the Company does not anticipate paying a dividend. Any changes in these assumptions can change the valuation significantly.

~~June~~For the three and nine months ended September 30, 2023, the Company recognized a gain resulting from changes in the fair value of derivative warrant liabilities of approximately $2 million and $145,000, which is presented in the accompanying consolidated statements of operations, respectively. For the three and nine months ended September 30, 2022, the Company recognized a loss and a gain resulting from changes in the fair value of derivative warrant liabilities of approximately $1.2 million and $8.8 million, which is presented in the accompanying consolidated statements of operations, respectively.

Description	Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)
Assets:
Investments held in Trust Account - Money market funds	$	15,899,569	$	—	$	—
Liabilities:
Derivative warrant liabilities - Public warrants	$	1,638,750	$	—	$	—
Derivative warrant liabilities - Private placement warrants	$	—	$	1,140,000	$	—

NOTE 10 - SUBSEQUENT EVENTS

19The Company has evaluated subsequent events and transactions that occurred up to the date the condensed consolidated financial statements were issued. Based upon this review, the Company did not identify any other subsequent events that would have required adjustment or disclosure in the condensed consolidated financial statements.

~~December 31, 2022~~21

Description	Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)
Assets:
Investments held in Trust Account - Money market funds	$	16,674,956	$	—	$	—
Liabilities:
Derivative warrant liabilities - Public warrants	$	517,500	$	—	$	—
Derivative warrant liabilities - Private placement warrants	$	—	$	358,960	$	—

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

~~Transfers~~ References to~~/from~~ ~~Levels~~the 1“Company,” ~~2, and 3 are recognized at the beginning of the reporting period. The estimated fair value of the Public Warrants was~~“Social ~~transferred~~Leverage ~~from~~Acquisition aCorp ~~Level~~I,” 3“Social ~~measurement~~Leverage,” ~~to a Level 1 measurement~~“our,” ~~when~~“us” ~~the~~or ~~Public~~“we” ~~Warrants~~refer ~~were~~to ~~separately listed and traded in an active~~Social ~~market~~Leverage inAcquisition ~~April~~Corp ~~2021~~I. The ~~estimated~~following ~~fair~~discussion ~~value~~and analysis of the ~~Private~~Company’s ~~Placement~~financial ~~Warrants~~condition ~~was~~and ~~transferred~~results ~~from~~of ~~a Level 3 measurement to a Level~~operations 2should ~~measurement~~be read in ~~April~~conjunction ~~2021,~~with as the ~~transfer~~unaudited ofinterim ~~Private~~condensed ~~Placement~~consolidated ~~Warrants~~financial tostatements ~~anyone~~and ~~who~~the isnotes ~~not~~thereto acontained ~~permitted transferee would result in~~elsewhere ~~the~~in ~~Private~~this ~~Placement~~report. ~~Warrants~~Certain ~~having~~information ~~substantially~~contained ~~the~~in ~~same terms as~~ the ~~Public~~discussion ~~Warrants,~~and ~~the~~analysis ~~Company~~set ~~determined~~forth ~~that~~below ~~the~~includes ~~fair~~forward-looking ~~value of~~statements ~~each Private Placement Warrant is equivalent to~~ that ~~of each Public Warrant. There were no other transfers to/from Levels 1, 2, and~~ 3involve ~~during~~risks ~~the period ended June 30, 2023~~ and ~~during the year ended December 31, 2022~~uncertainties.

~~For periods~~Cautionary ~~where~~Note noRegarding ~~observable traded price is available, the Company utilized a Monte~~Forward-~~Carlo~~Looking simulation to estimate the fair value of the Public Warrants and used the Black-Scholes option pricing model to estimate the fair value of the Private Placement Warrants. For periods subsequent to the detachment of the Public Warrants from the Units, the fair value of the Public Warrants is based on the observable listed price for such warrants. The estimated fair value of the Public Warrants and Private Placement Warrants, prior to the Public Warrants being traded in an active market, was determined using Level 3 inputs. Inherent in a binomial lattice model are assumptions related to the Unit price, expected volatility, risk-free interest rate, term to expiration, and dividend yield. The Unit price is based on the publicly traded price of the Units as of the measurement date. The Company estimated the volatility for the Public Warrants and Private Placement Warrants based on the implied volatility from the traded prices of warrants issued by other special purpose acquisition companies. The risk-free interest rate is based on interpolated U.S. Treasury rates, commensurate with a similar term to the Public Warrants and Private Placement Warrants. The term to expiration was calculated as the contractual term of the Public Warrants and Private Placement Warrants, assuming one year to a Business Combination from the Initial Public Offering date. Finally, the Company does not anticipate paying a dividend. Any changes in these assumptions can change the valuation significantly.Statements

~~For~~This Quarterly Report on Form 10-Q includes forward-looking statements within the ~~three~~meaning ~~and~~of ~~six~~Section ~~months~~27A ~~ended~~of ~~June~~the 30Securities Act of 1933, ~~2023~~as amended, ~~the~~and ~~Company~~Section ~~recognized~~21E aof ~~loss~~the ~~resulting~~Exchange ~~from~~Act. ~~changes~~We inhave ~~the~~based these ~~fair~~forward-looking ~~value~~statements ofon ~~derivative warrant~~our ~~liabilities~~current ofexpectations ~~approximately~~and $1projections about future events.2 ~~million~~These forward-looking statements are subject to known and ~~$1.9~~unknown ~~million~~risks, ~~which~~uncertainties isand ~~presented~~assumptions inabout ~~the~~us ~~accompanying~~that ~~consolidated~~may ~~statements~~cause our actual results, levels of ~~operations~~ activity, ~~respectively.~~performance or ~~For~~achievements ~~the~~to ~~three~~be ~~and~~materially ~~six~~different ~~months~~from ~~ended~~any ~~June~~future 30results, ~~2022~~levels of activity, ~~the~~performance ~~Company~~or ~~recognized~~achievements aexpressed ~~loss~~or ~~and~~implied by asuch ~~gain~~forward-looking ~~resulting~~statements. ~~from~~In ~~changes in~~some ~~the~~cases, ~~fair~~you ~~value~~can ofidentify ~~derivative~~forward-looking ~~warrant~~statements ~~liabilities~~by ofterminology ~~approximately~~such ~~$3.7~~as ~~million~~“may,” “should,” ~~and~~“could,” ~~$9.9~~“would,” ~~million~~“expect,” ~~which~~“plan,” is“anticipate,” ~~presented~~“believe,” “estimate,” in“continue,” or the ~~accompanying~~negative of such terms or other similar expressions. Factors that might cause or ~~consolidated~~contribute ~~statements~~to ofsuch ~~operations~~a discrepancy include, ~~respectively~~but are not limited to, those described in our other SEC filings.

~~NOTE 10 - SUBSEQUENT EVENTS~~Overview

~~The~~We ~~Company~~are ~~has~~a ~~evaluated~~blank ~~subsequent~~check ~~events~~company ~~and~~incorporated in Delaware ~~transactions~~on ~~that~~December ~~occurred~~1, up2020. toWe ~~the~~were ~~date~~formed for the ~~condensed~~purpose ~~consolidated~~of ~~financial~~effecting ~~statements~~a ~~were~~merger, ~~issued.~~capital ~~Based~~stock ~~upon~~exchange, ~~this~~asset ~~review~~acquisition, ~~the~~stock ~~Company~~purchase, ~~did~~reorganization ~~not~~or ~~identify~~similar ~~any~~business ~~other~~combination ~~subsequent~~with ~~events~~one ~~that~~or ~~would~~more ~~have~~businesses ~~required~~(the ~~adjustment~~“Business orCombination”). ~~disclosure~~We inare an emerging growth company and, as such, we are subject to all of the ~~condensed~~risks ~~consolidated~~associated ~~financial statements~~with emerging growth companies.

20Our sponsor is Social Leverage Acquisition Sponsor I LLC, a Delaware limited liability company (the “Sponsor”). The registration statement for our Initial Public Offering was declared effective on February 11, 2021. On February 17, 2021, we consummated its Initial Public Offering of 34,500,000 units (the “Units” and, with respect to the Class A common stock included in the Units being offered, the “Public Shares”), including the exercise of the underwriters’ option to purchase 4,500,000 additional Units (the “Option Units”), at $10.00 per Unit, generating gross proceeds of $345.0 million, and incurring offering costs of approximately $19.7 million, of which approximately $12.1 million and approximately $152,000 was for deferred underwriting commissions and deferred legal fees, respectively.

~~Item~~Simultaneously 2.with ~~Management’s~~the closing of the Initial ~~Discussion~~Public ~~and~~Offering, ~~Analysis~~we consummated the private placement (“Private Placement”) of ~~Financial~~6,000,000 ~~Condition~~warrants (each, a “Private Placement Warrant” and ~~Results~~collectively, the “Private Placement Warrants”) at a price of ~~Operations~~$1.50 per Private Placement Warrant to the Sponsor, generating proceeds of $9.0 million.

~~References~~Upon tothe closing of the ~~“Company,”~~Initial ~~“Social~~Public Offering ~~Leverage~~and ~~Acquisition~~the ~~Corp~~Private IPlacement,” ~~“Social~~$345.0 ~~Leverage,”~~million ~~“our,”~~($10.00 ~~“us”~~per orUnit) ~~“we”~~of ~~refer~~the tonet ~~Social Leverage~~proceeds ~~Acquisition~~of ~~Corp~~the I.Initial ~~The~~Public ~~following~~Offering ~~discussion~~ and ~~analysis~~certain of the proceeds of the Private Placement was placed in a trust account (“Trust Account”) located in the United States with Continental Stock Transfer & Trust Company’s ~~financial~~acting ~~condition~~as trustee, and ~~results~~invested only in U.S. government securities with a maturity of ~~operations should~~185 bedays ~~read~~or less or in ~~conjunction~~money ~~with~~market ~~the~~funds ~~unaudited~~meeting ~~interim~~certain ~~condensed~~conditions ~~consolidated~~under ~~financial~~Rule ~~statements~~2a-7 ~~and~~under the ~~notes~~Investment ~~thereto~~Company ~~contained~~Act ~~elsewhere~~of 1940, as amended (the “Investment Company Act”), which invest only in ~~this~~direct ~~report~~U.S. ~~Certain~~government ~~information~~treasury ~~contained~~obligations, inas determined by the ~~discussion~~Company, ~~and~~until ~~analysis~~the ~~set~~earlier of: ~~forth~~(i) ~~below~~the ~~includes~~completion ~~forward-looking~~of ~~statements~~a ~~that involve~~Business ~~risks~~Combination and ~~uncertainties~~(ii) the distribution of the Trust Account as described below.

~~Cautionary~~Our ~~Note~~management ~~Regarding~~has ~~Forward~~broad discretion with respect to the specific application of the net proceeds of the Initial Public Offering and the sale of Private Placement Warrants, although substantially all of the net proceeds are intended to be applied generally toward consummating a Business Combination. There is no assurance that we will be able to complete a Business Combination successfully. We must complete its initial Business Combination with one or more operating businesses or assets having an aggregate fair market value of at least 80% of the net assets held in the Trust Account (excluding the deferred underwriting commissions and taxes payable on the income earned on the Trust Account) at the time of the agreement to enter into the initial Business Combination. However, we will only complete a Business Combination if the post-~~Looking~~transaction ~~Statements~~company owns or acquires 50% or more of the outstanding voting securities of the target or otherwise acquires a controlling interest in the target business sufficient for it not to be required to register as an investment company under the Investment Company Act.

~~This~~If ~~Quarterly~~we ~~Report~~are onunable ~~Form~~to ~~10-Q~~complete ~~includes~~a ~~forward-looking~~Business Combination ~~statements~~by ~~within~~February ~~the~~17, ~~meaning~~2024, ofwe ~~Section~~will ~~27A~~(1) ofcease ~~the~~all ~~Securities~~operations ~~Act~~except for the purpose of ~~1933,~~winding up; (2) as ~~amended,~~promptly ~~and~~as ~~Section~~reasonably ~~21E~~possible ofbut not ~~the~~more ~~Exchange~~than ~~Act.~~ten Webusiness ~~have~~days ~~based these~~thereafter, ~~forward-looking~~redeem ~~statements~~the onPublic ~~our~~Shares, ~~current~~at ~~expectations~~a ~~and~~per-share ~~projections~~price, ~~about~~payable ~~future~~in ~~events.~~cash, ~~These~~equal ~~forward-looking~~to ~~statements~~the ~~are~~aggregate amount ~~subject~~then toon ~~known~~deposit ~~and~~in ~~unknown~~the ~~risks~~Trust Account, ~~uncertainties~~including ~~and~~interest ~~assumptions~~earned ~~about~~on usthe ~~that~~funds ~~may~~in ~~cause~~the ~~our~~Trust ~~actual~~Account ~~results,~~(net ~~levels~~ of ~~activity,~~taxes ~~performance or~~payable ~~achievements~~and toless beup ~~materially~~to $100,000 ~~different~~of ~~from~~interest ~~any~~to ~~future~~pay ~~results~~dissolution expenses), ~~levels~~divided by the number of ~~activity,~~then ~~performance~~issued orand ~~achievements~~outstanding ~~expressed~~Public orShares, ~~implied~~which redemption bywill ~~such~~completely ~~forward-looking~~extinguish ~~statements.~~Public InStockholders’ ~~some~~rights ~~cases,~~as ~~you~~stockholders ~~can~~(including ~~identify~~the ~~forward-looking~~right ~~statements~~to byreceive ~~terminology~~further ~~such~~liquidating ~~as “may~~distributions,” ~~“should,”~~if ~~“could,”~~any) ~~“would,”~~and ~~“expect,”~~(3) ~~“plan,”~~as ~~“anticipate,”~~promptly ~~“believe,” “estimate,”~~as ~~“continue~~reasonably possible following such redemption,” orsubject to the ~~negative~~approval of ~~such~~the ~~terms~~remaining orstockholders ~~other~~and our ~~similar~~board ~~expressions.~~of ~~Factors~~directors, ~~that~~liquidate ~~might~~and ~~cause~~dissolve, ~~or contribute~~subject toin ~~such~~each acase ~~discrepancy~~to ~~include,~~our ~~but~~obligations ~~are~~under ~~not~~Delaware ~~limited~~law to, ~~those~~provide ~~described~~for inclaims ~~our~~of creditors and the requirements of other ~~SEC~~applicable ~~filings~~law.

~~Overview~~22

WeLiquidity are a blank check company incorporated in Delaware on December 1, 2020. We were formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses (the “Business Combination”). We are an emerging growth company and, asGoing ~~such, we are subject to all of the risks associated with emerging growth companies.~~Concern

~~Our~~As ~~sponsor~~of isSeptember ~~Social Leverage Acquisition Sponsor I LLC~~30, ~~a Delaware limited liability company (the “Sponsor”). The registration statement for our Initial Public Offering was declared effective on February 11~~2023, ~~2021. On February 17, 2021,~~ we ~~consummated~~had ~~its~~approximately ~~Initial Public Offering of 34~~$265,~~500,~~000 ~~units (the “Units” and, with respect to the Class A common stock included~~ in ~~the~~our ~~Units being offered, the “Public Shares”), including the exercise~~operating ofbank ~~the~~account ~~underwriters’ option to purchase 4,500,000 additional Units (the “Option Units”), at $10.00 per Unit, generating gross proceeds of $345.0 million,~~ and ~~incurring~~working ~~offering~~capital ~~costs~~deficit of approximately $196.~~7 million, of which approximately $12.~~1 million ~~and approximately $152,000 was for deferred underwriting commissions and deferred legal fees, respectively~~.

~~Simultaneously~~In connection with the ~~closing~~Company’s assessment of ~~the~~going ~~Initial Public~~concern ~~Offering,~~considerations wein ~~consummated~~accordance ~~the~~with ~~private~~FASB ~~placement~~ASU (2014-15, “~~Private~~Disclosures ~~Placement”)~~ of ~~6,000,000~~Uncertainties ~~warrants~~about ~~(each,~~an Entity’s Ability to Continue as a ~~“Private~~Going ~~Placement Warrant~~Concern,” ~~and~~management ~~collectively~~has determined that the liquidity, the ~~“Private~~mandatory ~~Placement~~liquidation ~~Warrants”)~~and atthe asubsequent ~~price~~dissolution raise ofsubstantial $1doubt about the Company’s ability to continue as a going concern.50 ~~per~~No ~~Private~~adjustments ~~Placement~~have ~~Warrant~~been made to the ~~Sponsor~~carrying amounts of assets or liabilities should the Company be required to liquidate after February 17, 2024. The financial statements do not ~~generating~~include ~~proceeds~~any ofadjustment $9that might be necessary if the Company is unable to continue as a going concern.0 ~~million~~Management plans to consummate a Business Combination prior to the mandatory liquidation date.

~~Upon~~Management ~~the~~continues ~~closing~~to ofevaluate the ~~Initial~~impact ~~Public Offering~~of ~~and~~ the ~~Private~~COVID-19 ~~Placement,~~pandemic ~~$345.0~~on ~~million ($10.00 per Unit) of~~ the ~~net~~industry ~~proceeds~~and ofhas ~~the~~concluded ~~Initial~~that ~~Public~~while ~~Offering~~it ~~and~~is ~~certain~~reasonably ofpossible ~~the~~that ~~proceeds of~~ the ~~Private~~virus ~~Placement~~could ~~was~~have ~~placed in~~ a ~~trust~~negative ~~account (“Trust Account”) located in the United States with Continental Stock~~effect ~~Transfer~~on &our ~~Trust~~financial ~~Company acting as trustee~~position, ~~and~~results ~~invested only in U.S. government securities with a maturity~~ of ~~185~~our ~~days~~operations and/or ~~less~~search ~~or in~~for ~~money~~a ~~market~~target ~~funds~~company, ~~meeting certain conditions under Rule 2a-7 under~~ the ~~Investment~~specific ~~Company~~impact ~~Act~~is ofnot ~~1940,~~readily determinable as ~~amended~~of (the ~~“Investment Company~~date ~~Act”),~~of ~~which~~the ~~invest~~financial ~~only~~statements. inThe ~~direct~~financial ~~U.S.~~statements ~~government~~do ~~treasury~~not ~~obligations,~~include asany ~~determined~~adjustments bythat ~~the~~might ~~Company,~~result ~~until~~from the ~~earlier~~outcome of: ~~(i)~~this ~~the completion of a Business Combination and (ii) the distribution of the Trust Account as described below~~uncertainty.

~~Our~~Results ~~management has broad discretion with respect to the specific application~~ of the net proceeds of the Initial Public Offering and the sale of Private Placement Warrants, although substantially all of the net proceeds are intended to be applied generally toward consummating a Business Combination. There is no assurance that we will be able to complete a Business Combination successfully. We must complete its initial Business Combination with one or more operating businesses or assets having an aggregate fair market value of at least 80% of the net assets held in the Trust Account (excluding the deferred underwriting commissions and taxes payable on the income earned on the Trust Account) at the time of the agreement to enter into the initial Business Combination. However, we will only complete a Business Combination if the post-transaction company owns or acquires 50% or more of the outstanding voting securities of the target or otherwise acquires a controlling interest in the target business sufficient for it not to be required to register as an investment company under the Investment Company Act.Operations

21Our entire activity since inception up to September 30, 2023 was in preparation for our formation and the Initial Public Offering and identifying a target company for a Business Combination. We will not be generating any operating revenues until the closing and completion of our initial Business Combination.

IfFor wethe ~~are~~three ~~unable~~months toended ~~complete~~September ~~a Business Combination by February 17~~30, ~~2024~~2023, we ~~will~~had ~~(1)~~net ~~cease~~income ~~all operations except for the purpose~~ of ~~winding up; (2) as promptly as reasonably possible but~~ ~~not~~approximately ~~more than ten business days thereafter~~$1, ~~redeem the Public Shares~~760, ~~at a per-share price~~000, ~~payable~~which inconsisted ~~cash,~~of ~~equal~~approximately ~~to the aggregate amount then on deposit in the Trust Account~~$174,000 ~~including~~of ~~interest~~income ~~earned~~from oninvestments ~~the~~held ~~funds~~ in the Trust Account ~~(net of taxes payable~~ and ~~less~~a ~~up to~~non-operating ~~$100,000~~gain of ~~interest~~approximately to$2 ~~pay~~million ~~dissolution~~resulting ~~expenses),~~from ~~divided by~~ the ~~number~~change ofin ~~then~~fair ~~issued~~value ~~and~~of ~~outstanding~~derivative ~~Public~~warrant ~~Shares~~liabilities, ~~which~~offset ~~redemption will~~by ~~completely~~approximately ~~extinguish~~$29,000 in ~~Public~~income ~~Stockholders’~~tax ~~rights~~expenses, asinterest ~~stockholders~~expense ~~(including~~on ~~the~~working ~~right~~capital toloan ~~receive~~of ~~further~~approximately ~~liquidating distributions~~$18, if000, ~~any)~~ and ~~(3)~~an asoperating ~~promptly~~loss asof ~~reasonably~~approximately ~~possible following such redemption~~$415,000. The ~~subject~~loss tofrom ~~the~~operations ~~approval~~comprised of ~~the~~approximately ~~remaining~~$399,000 ~~stockholders~~general and ~~our~~ ~~board~~administrative ofexpenses ~~directors, liquidate~~ and ~~dissolve~~approximately $16,000 ~~subject~~ in ~~each case to our obligations under Delaware law to provide for claims of creditors~~franchise ~~and~~tax ~~the requirements of other applicable law~~expenses.

~~Liquidity~~For the three months ended September 30, 2022, we had net loss of approximately $1,541,000, which consisted of approximately $382,000 in income tax expenses, interest expense on working capital loan of approximately $16,000, and ~~Going~~an ~~Concern~~operating loss of approximately $1,541,000. The loss from operations comprised of approximately $1,491,000 general and administrative expenses and approximately $50,000 in franchise tax expenses, which was offset by a non-operating loss of $1,170,000 resulting from the change in fair value of derivative warrant liabilities, and approximately $1,567,000 of income from investments held in Trust Account.

AsFor ofthe ~~June~~nine months ended September 30, 2023, we had a net loss of approximately $~~377~~1,741,000, which consisted of approximately $70,000 in income tax expenses, interest expense on working capital loan of approximately $52,000, and an operating loss of approximately $2,536,000, offset by approximately $436,000 of income from investments held in ~~our~~the Trust Account, non-operating ~~bank~~income ~~account~~of approximately $336,000 resulting from reduction in deferred underwriter commissions and ~~working~~a ~~capital~~non-operating ~~deficit~~gain of approximately $5145,000 resulting from the change in fair value of derivative warrant liabilities.7 ~~million~~The loss from operations comprised of approximately $2,484,000 general and administrative expenses and approximately $52,000 in franchise tax expenses.

InFor ~~connection with~~ the ~~Company’s~~nine ~~assessment of~~months ~~going~~ended ~~concern~~September ~~considerations~~30, in2022, we ~~accordance~~had ~~with~~net ~~FASB~~income ~~ASU 2014-15, “Disclosures~~ of ~~Uncertainties~~approximately ~~about~~$6,220,000, anwhich ~~Entity’s~~consisted ~~Ability to~~of ~~Continue~~a asnon-operating again ~~Going~~of ~~Concern~~$8,”775,000 ~~management~~resulting ~~has~~from ~~determined that~~ the ~~liquidity,~~change ~~the~~in ~~mandatory~~fair value ~~liquidation~~of ~~and~~derivative ~~the~~warrant ~~subsequent~~liabilities, ~~dissolution raise~~and ~~substantial~~approximately ~~doubt~~$2,057,000 ~~about~~of ~~the~~income ~~Company’s~~from ~~ability~~investments toheld ~~continue~~in asTrust aAccount, ~~going~~which ~~concern.~~was Nooffset by ~~adjustments~~approximately ~~have~~$426,000 ~~been~~in ~~made~~income totax ~~the~~expenses, ~~carrying amounts~~interest ofexpense ~~assets~~on orworking ~~liabilities~~capital ~~should~~loan ~~the~~of ~~Company~~approximately be$24,000, ~~required~~and toan ~~liquidate~~operating loss ~~after~~of ~~February~~approximately 17$4, ~~2024~~161,000. The ~~financial~~loss ~~statements~~from dooperations ~~not include~~comprised ~~any~~of ~~adjustment~~approximately ~~that~~$4,006,000 ~~might~~general beand ~~necessary~~administrative ifexpenses ~~the Company is unable to continue as a going concern. Management plans to consummate~~and aapproximately ~~Business~~$156,000 ~~Combination~~in ~~prior~~franchise totax ~~the mandatory liquidation date~~expenses.

Management continues to evaluate the impact of the COVID-19 pandemic on the industry and has concluded that while it is reasonably possible that the virus could have a negative effect on our financial position, results of our operations and/or search for a target company, the specific impact is not readily determinable as of the date of the financial statements. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.23

~~Results~~Contractual ~~of Operations~~Obligations

~~Our~~Related ~~entire~~Party activity since inception up to June 30, 2023 was in preparation for our formation and the Initial Public Offering and identifying a target company for a Business Combination. We will not be generating any operating revenues until the closing and completion of our initial Business Combination.Loans

~~For~~On ~~the~~December ~~three months ended June 30~~11, ~~2023~~2020, wethe ~~had a~~Sponsor ~~net~~agreed ~~loss~~to ofloan the ~~approximately~~Company ~~$1,942,000,~~an ~~which~~aggregate ~~consisted~~ of ~~approximately~~up to $20300,000 into ~~income~~cover ~~tax~~ expenses, ~~interest~~related ~~expense~~to onthe ~~working~~Initial ~~capital loan~~Public ofOffering ~~approximately~~pursuant ~~$17,000,~~to athe ~~non-operating~~Note. ~~loss~~This ofloan ~~approximately~~was non-interest ~~$1,170,000~~bearing ~~resulting~~and ~~from~~payable upon the ~~change~~completion ~~in fair value~~ of ~~derivative warrant~~the ~~liabilities~~Initial ~~and~~Public anOffering. ~~operating~~The ~~loss~~Company ofborrowed approximately $~~862~~178,000, ~~offset~~under the byNote ~~approximately~~and ~~$128,000~~it ofwas ~~income~~repaid ~~from~~in ~~investments~~full ~~held in~~on ~~the~~February ~~Trust~~19, ~~Account~~2021. ~~The~~Subsequent ~~loss~~to ~~from~~the ~~operations comprised of approximately $846~~repayment,~~000~~ ~~general~~the ~~and~~facility ~~administrative~~was ~~expenses~~no ~~and~~longer ~~approximately $16,000~~available into ~~franchise~~the ~~tax expenses~~Company.

~~For~~In ~~the~~addition, ~~three~~in ~~months~~order ~~ended~~to ~~June~~fund ~~30,~~working ~~2022,~~capital deficiencies weor ~~had a~~finance ~~net~~transaction ~~income~~costs ofin ~~approximately~~connection $1with a Business Combination,~~917,000,~~ ~~which~~the ~~consisted~~Sponsor or an affiliate of athe ~~non-operating~~Sponsor, ~~gain~~or certain of ~~approximately~~the $3Company’s officers and directors may,~~656~~ but are not obligated to,~~000~~ ~~resulting~~loan ~~from~~the Company Working Capital Loans. If the ~~change~~Company completes ina ~~fair~~Business ~~value~~Combination, the Company may repay the Working Capital Loans out of ~~derivative~~the ~~warrant~~proceeds ~~liabilities,~~of ~~and~~the ~~approximately~~Trust ~~$457~~Account released to the Company. Otherwise,~~000~~ ofthe ~~income~~Working ~~from~~Capital ~~investments~~Loans would be repaid only out of funds held inoutside the Trust Account,. ~~which was~~In ~~offset~~the byevent ~~approximately~~that ~~$45,000~~a inBusiness ~~income~~Combination does ~~tax~~not ~~expenses~~close, ~~interest~~the onCompany ~~working~~may ~~capital~~use a portion of ~~approximately~~proceeds ~~$7,000,~~held ~~and~~outside anthe ~~operating~~Trust ~~loss~~Account to repay the Working Capital Loans but no proceeds ofheld ~~approximately~~in ~~$2,144,000~~the Trust Account would be used to repay the Working Capital Loans. The ~~loss~~Working ~~from~~Capital ~~operations~~Loans ~~comprised~~would either be repaid upon consummation of ~~approximately~~a $2Business Combination or,~~094~~ at the lenders’ discretion,~~000~~ ~~general~~up ~~and~~to ~~administrative~~$1.5 ~~expenses~~million ~~and~~of ~~approximately~~such Working Capital Loans may be convertible into warrants of the post Business Combination entity at a price of $1.50~~,000~~ inper ~~franchise~~warrant. ~~tax~~The ~~expenses~~warrants would be identical to the Private Placement Warrants.

~~For~~In March 2022, the ~~six~~Company ~~months~~executed ~~ended~~the ~~June~~March 2022 30Working Capital Loan, ~~2023~~bearing interest of 10% annually, weproviding ~~had a~~the ~~net~~Company ~~loss~~the ofability ~~approximately~~to borrow up to $31.5 million. As of September 30,~~501~~ 2023 and December 31,~~000~~ 2022, ~~which~~the ~~consisted~~Company ofhad ~~approximately~~ $40300,000, respectively, in ~~income~~borrowings ~~tax~~under ~~expenses,~~the ~~interest~~March ~~expense~~2022 onWorking ~~working~~Capital ~~capital~~Loan. For the ~~loan~~three ofand ~~approximately~~nine ~~$35~~months ended September 30,~~000~~ 2023, athe ~~non-operating~~Company ~~loss~~had of approximately $18,~~902~~000 and $22,000, ~~resulting~~respectively, ~~from~~in interest expense on the ~~change~~March in2022 ~~fair~~Working ~~value~~Capital ofLoan. ~~derivative warrant~~For ~~liabilities~~the three and annine ~~operating~~months ~~loss~~ended ofSeptember ~~approximately~~30, $22022,~~121,000,~~ ~~offset~~the byCompany had approximately $~~262~~7,000 ofand $16,000, ~~income~~respectively, ~~from~~in ~~investments~~interest ~~held in~~expense on the ~~Trust~~March ~~Account~~2022 ~~and~~Working ~~non-operating~~Capital ~~income~~Loan. ofThe ~~approximately~~March ~~$336,000~~2022 ~~resulting~~Working ~~from~~Capital ~~reduction~~Loan inhas ~~deferred~~a ~~underwriter commissions.~~conversion ~~The~~feature ~~loss~~that ~~from~~is ~~operations~~considered ~~comprised~~an ofembedded ~~approximately $2~~derivative,~~086,000~~ ~~general~~but ~~and~~the ~~administrative~~value ~~expenses~~is ~~and~~de ~~approximately~~minimis, ~~$35~~as such,~~000~~ inthe ~~franchise~~March 2022 Working Capital Loan is presented ~~tax~~at ~~expenses~~fair value on the accompanying consolidated balance sheets.

~~For~~In June 2022, the ~~six~~Sponsor ~~months~~and ~~ended~~the ~~June~~Company ~~30,~~executed the June 2022, weWorking ~~had a~~Capital ~~net~~Loan, ~~income~~bearing interest of ~~approximately~~10% $7annually,~~761,000,~~ ~~which~~providing ~~consisted~~the ofCompany athe ~~non-operating~~ability ~~gain~~to ofborrow ~~approximately~~up to $9400,~~945,~~000. ~~resulting~~As ~~from the change~~of inSeptember ~~fair~~30, ~~value~~2023 ofand ~~derivative~~December ~~warrant~~31, ~~liabilities~~2022, ~~and~~the Company had approximately $~~490~~400,000, ofrespectively, ~~income~~in ~~from~~borrowings ~~investments~~under ~~held~~the inJune 2022 Working Capital Loan. For the ~~Trust~~three ~~Account~~and nine months ended September 30, ~~which was~~2023, ~~offset~~the byCompany had approximately $4510,000 inand ~~income~~$30,000, ~~tax expenses~~respectively, in interest expense on ~~working~~the ~~capital~~June of2022 ~~approximately~~Working $9Capital Loan. For the three and nine months ended September 30,~~000~~ 2022, ~~and~~the anCompany ~~operating~~had ~~loss~~approximately of$8,000 ~~approximately~~and $28,~~621,~~000, respectively, in interest expense on the June 2022 Working Capital Loan. The ~~loss~~June ~~from~~2022 ~~operations~~Working ~~comprised~~Capital ofLoan ~~approximately~~has $2a conversion feature that is considered an embedded derivative,~~515~~ but the value is de minimis,~~000~~ ~~general~~as ~~and~~such, ~~administrative~~the ~~expenses~~June ~~and~~2022 ~~approximately~~Working Capital Loan is presented ~~$106,000~~at infair ~~franchise~~value ~~tax~~on ~~expenses~~the accompanying consolidated balance sheets.

22Administrative Support Agreement and Certain Other Payments

~~Contractual~~Commencing ~~Obligations~~on the date that our securities were first listed on a stock exchange through the earlier of consummation of the initial Business Combination and our liquidation, we agreed to pay the Sponsor a total of $10,000 per month for office space, support and administrative services. In April 2022, the Sponsor terminated this agreement retroactive to January 1, 2022.

~~Related~~The ~~Party~~Sponsor, ~~Loans~~executive officers and directors, or any of their respective affiliates will be reimbursed for any out-of-pocket expenses incurred in connection with activities on our behalf such as identifying potential target businesses and performing due diligence on suitable Business Combinations. Our audit committee will review on a quarterly basis all payments that were made to the Sponsor and our executive officers or directors, or their affiliates.

OnRegistration December 11, 2020, the Sponsor agreed to loan the Company an aggregate of up to $300,000 to cover expenses related to the Initial Public Offering pursuant to the Note. This loan was non-interest bearing and payable upon the completion of the Initial Public Offering. The Company borrowed approximately $178,000 under the Note and it was repaid in full on February 19, 2021. Subsequent to the repayment, the facility was no longer available to the Company.Rights

InThe ~~addition,~~holders ~~in order to fund working capital deficiencies or finance transaction costs in connection with a Business Combination, the Sponsor or an affiliate~~ of ~~the~~Founder ~~Sponsor~~Shares, orPrivate ~~certain~~Placement ofWarrants ~~the Company’s officers~~ and ~~directors~~warrants that may, ~~but~~be ~~are~~issued ~~not~~upon ~~obligated~~conversion ~~to,~~of ~~loan the Company~~ Working Capital Loans~~. If the Company completes a Business Combination~~, ~~the~~if ~~Company~~any ~~may~~(and ~~repay~~any ~~the~~shares ~~Working Capital Loans out~~ of ~~the~~Class ~~proceeds~~A ofCommon ~~the~~Stock ~~Trust Account released to the Company.~~issuable ~~Otherwise,~~upon the ~~Working~~exercise ~~Capital Loans would be repaid only out~~ of ~~funds held outside~~ the ~~Trust~~Private ~~Account.~~Placement InWarrants ~~the~~and ~~event~~warrants that ~~a Business Combination does not close, the Company~~ may ~~use~~be aissued ~~portion~~upon conversion of ~~proceeds held outside the Trust Account to repay the~~ Working Capital Loans ~~but~~and ~~no proceeds~~upon ~~held~~conversion inof the ~~Trust~~Founder ~~Account~~Shares), ~~would~~were beentitled ~~used~~ to ~~repay~~registration ~~the~~rights ~~Working~~pursuant ~~Capital~~to ~~Loans.~~a ~~The~~registration ~~Working~~rights ~~Capital~~agreement. ~~Loans~~These ~~would~~holders ~~either be repaid upon consummation~~were ofentitled ato ~~Business~~certain ~~Combination~~demand ~~or,~~and at“piggyback” ~~the~~registration ~~lenders’ discretion, up to $1~~rights.5 ~~million~~We ofwill ~~such~~bear ~~Working~~the ~~Capital~~expenses ~~Loans~~incurred ~~may~~in beconnection ~~convertible~~with ~~into~~the ~~warrants~~filing of ~~the~~any ~~post~~such ~~Business~~registration ~~Combination entity at a price of $1~~statements.~~50 per warrant. The warrants would be identical to the Private Placement Warrants.~~

In March 2022, the Company executed the March 2022 Working Capital Loan, bearing interest of 10% annually, providing the Company the ability to borrow up to $1.5 million. As of June 30, 2023 and December 31, 2022, the Company had $300,000, respectively, in borrowings under the March 2022 Working Capital Loan. For the three and six months ended June 30, 2023, the Company had approximately $7,000 and $15,000, respectively, in interest expense on the March 2022 Working Capital Loan. For the three and six months ended June 30, 2022, the Company had approximately $7,000 and $9,000, respectively, in interest expense on the March 2022 Working Capital Loan. The March 2022 Working Capital Loan has a conversion feature that is considered an embedded derivative, but the value is de minimis, as such, the March 2022 Working Capital Loan is presented at fair value on the accompanying consolidated balance sheets.24

InUnderwriting June 2022, the Sponsor and the Company executed the June 2022 Working Capital Loan, bearing interest of 10% annually, providing the Company the ability to borrow up to $400,000. As of June 30, 2023 and December 31, 2022, the Company had approximately $400,000, respectively, in borrowings under the June 2022 Working Capital Loan. For the three and six months ended June 30, 2023, the Company had approximately $10,000 and $20,000, respectively, in interest expense on the June 2022 Working Capital Loan. For the three and six months ended June 30, 2022, the Company had approximately $0 and $0, respectively, in interest expense on the June 2022 Working Capital Loan. The June 2022 Working Capital Loan has a conversion feature that is considered an embedded derivative, but the value is de minimis, as such, the June 2022 Working Capital Loan is presented at fair value on the accompanying consolidated balance sheets.Agreement

~~Administrative~~We ~~Support~~granted ~~Agreement~~the underwriters a 45-day option from the date of the final prospectus relating to the Initial Public Offering to purchase up to 4,500,000 additional Units to cover over-allotments, if any, at the Initial Public Offering price, less underwriting discounts and commissions. On February 17, 2021, the underwriter fully ~~Certain~~exercised ~~Other~~its ~~Payments~~option to purchase additional Units.

~~Commencing~~The onunderwriters ~~the~~were ~~date~~entitled ~~that~~to ~~our~~an ~~securities were~~underwriting ~~first~~discount ~~listed~~of on$0.20 aper ~~stock~~Unit, ~~exchange~~or ~~through~~$6.9 million in the ~~earlier~~aggregate, ofpaid ~~consummation~~upon the closing of the ~~initial~~Initial ~~Business~~Public ~~Combination~~Offering. ~~and~~In ~~our~~addition, ~~liquidation~~$0.35 per Unit, weor ~~agreed to~~approximately ~~pay~~$12.1 million in the ~~Sponsor~~aggregate awill ~~total~~be ofpayable ~~$10,000~~to ~~per~~the ~~month~~underwriters for ~~office~~deferred ~~space,~~underwriting ~~support~~commissions. ~~and~~The deferred ~~administrative~~fee ~~services.~~will Inbecome ~~April~~payable ~~2022,~~to the ~~Sponsor~~underwriters ~~terminated~~from the amounts held in the Trust Account solely in the event that we complete a ~~this~~Business ~~agreement~~Combination, ~~retroactive~~subject to ~~January~~the 1,terms ~~2022~~of the underwriting agreement.

~~The~~On ~~Sponsor~~January 18, ~~executive~~2023, ~~officers~~we ~~and~~received ~~directors~~a formal letter, orfrom ~~any~~Barclays, one of ~~their~~the ~~respective~~underwriters ~~affiliates~~in ~~will~~our beInitial ~~reimbursed~~Public ~~for~~Offering, ~~any~~advising ~~out~~that it had, among other things, (i) resigned from and ceased or refused to act in, its roles as co-ofplacement agent, co-~~pocket~~capital ~~expenses~~markets ~~incurred~~advisor and exclusive financial advisor to us in connection with ~~activities~~the onMerger and as underwriter in our Initial Public Offering and (ii) waived its right to receive an aggregate of $13.1 million in ~~behalf~~fees, ~~such~~all asof ~~identifying~~which ~~potential~~were ~~target~~contingent ~~businesses~~upon and ~~performing~~payable ~~due~~upon ~~diligence~~the onclosing ~~suitable~~of ~~Business~~the ~~Combinations.~~Merger, ~~Our~~consisting ~~audit~~of ~~committee~~2% of gross proceeds for its role as ~~will~~co-placement ~~review~~agent, on$3.5 amillion ~~quarterly~~for ~~basis~~its ~~all~~role ~~payments~~as ~~that~~financial ~~were~~advisor, ~~made~~a discretionary fee of up to ~~the~~$3.0 ~~Sponsor~~million, and ~~our~~$6.6 ~~executive~~million ~~officers~~of ordeferred underwriting ~~directors~~fees accrued from its participation in our Initial Public Offering, oras ~~their~~well ~~affiliates~~as any expense reimbursements owed to it under those arrangements. We intend to continue to pursue the consummation of an initial Business Combination.

~~Registration~~On ~~Rights~~January 26, 2023, the Company and BofA Securities, Inc., one of the underwriters in the Company’s Initial Public Offering, entered into an agreement pursuant to which BofA Securities, Inc. waived all rights to its pro rata share of the Deferred Discount (as defined in the Underwriting Agreement, dated February 11, 2021, among the Company, and BofA Securities, Inc.). BofA Securities, Inc. pro rata share of the Deferred Discount was approximately $5.5 million and was payable by the Company upon consummation of an initial Business Combination. The Company intends to continue to pursue the consummation of an initial Business Combination.

~~The~~Critical ~~holders~~Accounting of Founder Shares, Private Placement Warrants and warrants that may be issued upon conversion of Working Capital Loans, if any (and any shares of Class A Common Stock issuable upon the exercise of the Private Placement Warrants and warrants that may be issued upon conversion of Working Capital Loans and upon conversion of the Founder Shares), were entitled to registration rights pursuant to a registration rights agreement. These holders were entitled to certain demand and “piggyback” registration rights. We will bear the expenses incurred in connection with the filing of any such registration statements.Policies

23Derivative Warrant Liabilities

~~Underwriting~~We ~~Agreement~~do not use derivative instruments to hedge exposures to cash flow, market, or foreign currency risks. We evaluate all of its financial instruments, including issued stock purchase warrants, to determine if such instruments are derivatives or contain features that qualify as embedded derivatives, pursuant to FASB’s ASC Topic 480 Distinguishing Liabilities from Equity (“ASC 480”) and ASC 815, Derivatives and Hedging (“ASC 815”). The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is re-assessed at the end of each reporting period.

WeThe ~~granted~~8,625,000 Public Warrants and the ~~underwriters~~6,000,000 Private aPlacement ~~45-day~~Warrants ~~option~~are ~~from~~recognized as derivative liabilities in accordance with ASC 815. Accordingly, we recognize the warrant instruments as liabilities at fair value and adjust the instruments to fair value at each reporting period. The liabilities are subject to re-measurement at each balance sheet date ofuntil exercised. For periods where no observable traded price is available, the ~~final~~Company ~~prospectus~~utilized a ~~relating~~Monte-Carlo simulation to estimate the ~~Initial~~fair value of the Public ~~Offering~~Warrants toand ~~purchase~~used upthe toBlack-Scholes ~~4,500,000~~option ~~additional~~pricing ~~Units~~model to ~~cover over-allotments,~~estimate ifthe ~~any,~~fair atvalue of the ~~Initial~~Private ~~Public~~Placement ~~Offering~~Warrants. ~~price,~~The ~~less~~determination ~~underwriting~~of ~~discounts~~the ~~and~~fair ~~commissions.~~value Onof ~~February~~the ~~17,~~warrant ~~2021,~~liability may be subject to change as more current information becomes available and accordingly the ~~underwriter~~actual ~~fully~~results could differ significantly. Derivative warrant liabilities ~~exercised~~are ~~its~~classified ~~option~~as non-current liabilities as their liquidation is not reasonably expected to ~~purchase~~require ~~additional~~the ~~Units~~use of current assets or require the creation of current liabilities.

~~The~~Class ~~underwriters~~A ~~were~~Common ~~entitled~~Stock toSubject an underwriting discount of $0.20 per Unit, or $6.9 million in the aggregate, paid upon the closing of the Initial Public Offering. In addition, $0.35 per Unit, or approximately $12.1 million in the aggregate will be payable to ~~the~~Possible underwriters for deferred underwriting commissions. The deferred fee will become payable to the underwriters from the amounts held in the Trust Account solely in the event that we complete a Business Combination, subject to the terms of the underwriting agreement.Redemption

OnWe ~~January~~account ~~18,~~for ~~2023,~~our weClass ~~received~~A aCommon ~~formal~~Stock ~~letter,~~subject ~~from~~to ~~Barclays,~~possible ~~one~~redemption ofin accordance with the ~~underwriters~~guidance in ~~our~~ASC ~~Initial~~Topic ~~Public~~480 ~~Offering,~~Distinguishing ~~advising~~Liabilities ~~that~~from itEquity. ~~had,~~Class ~~among~~A ~~other~~Common Stock ~~things,~~subject to mandatory redemption (iif any) ~~resigned~~is ~~from~~classified as liability instruments and are measured at fair value. Conditionally redeemable ~~ceased~~Class orA ~~refused~~Common toStock ~~act~~(including ~~in,~~Class ~~its~~A ~~roles~~Common asStock ~~co-placement~~that ~~agent,~~features ~~co-capital~~redemption ~~markets~~rights ~~advisor~~that ~~and~~are ~~exclusive~~either ~~financial~~within ~~advisor~~the tocontrol usof inthe ~~connection~~holder ~~with~~or subject to redemption upon the ~~Merger~~occurrence ~~and~~of asuncertain ~~underwriter~~events innot solely within our ~~Initial~~control) ~~Public~~are ~~Offering~~classified ~~and~~as ~~(ii)~~temporary ~~waived~~equity. ~~its~~At all ~~right~~other totimes, ~~receive~~Class anA ~~aggregate~~Common ofStock ~~$13~~is classified as stockholders’ equity.1 ~~million~~Our ~~in fees,~~Class ~~all~~A ofCommon ~~which~~Stock ~~were~~feature ~~contingent~~certain ~~upon~~redemption rights ~~and~~that ~~payable~~are ~~upon~~considered ~~the~~to ~~closing~~be outside of ~~the~~our ~~Merger,~~control ~~consisting~~and ofsubject 2%to ofthe ~~gross~~occurrence ~~proceeds~~of ~~for~~uncertain ~~its~~future ~~role~~events. asAccordingly, 1,557,134 ~~co-placement~~and ~~agent~~1,652,286 ~~$3.5~~shares ~~million~~of ~~for~~Class ~~its~~A ~~role~~Common asStock ~~financial~~subject ~~advisor,~~to apossible ~~discretionary~~redemption ~~fee~~at ofredemption upvalues toof $310.052 ~~million,~~ and $610.630 ~~million~~per ofshare ~~deferred~~as of ~~underwriting~~September ~~fees~~30, ~~accrued~~2023 ~~from~~and ~~its~~December ~~participation~~31, in2022, ~~our~~respectively, ~~Initial~~are ~~Public~~presented ~~Offering,~~at asredemption ~~well~~value as ~~any~~temporary ~~expense~~equity, ~~reimbursements~~outside ~~owed~~of tothe ~~it under~~stockholders’ ~~those~~deficit ~~arrangements~~section of our unaudited condensed consolidated balance sheets. WeThere ~~intend~~was tono ~~continue~~non-redeemable toClass ~~pursue~~A ~~the~~Common ~~consummation~~Stock issued or outstanding as of anSeptember ~~initial~~30, ~~Business~~2023 ~~Combination~~and December 31, 2022.

OnWe ~~January~~recognize ~~26,~~changes ~~2023,~~in ~~the~~redemption ~~Company~~value ~~and BofA Securities,~~immediately ~~Inc.,~~as ~~one~~they ofoccur ~~the~~and ~~underwriters~~adjust in the ~~Company’s~~carrying ~~Initial~~value ~~Public~~of ~~Offering,~~the ~~entered~~Class ~~into~~A anCommon ~~agreement~~Stock ~~pursuant~~subject to ~~which~~possible ~~BofA~~redemption ~~Securities, Inc. waived all rights~~ to ~~its~~equal ~~pro rata share of~~ the ~~Deferred~~redemption ~~Discount~~value ~~(as defined in the Underwriting Agreement, dated February 11, 2021,~~at ~~among~~ the ~~Company,~~end ~~and~~of ~~BofA~~each ~~Securities,~~reporting ~~Inc~~period.). ~~BofA~~Effective ~~Securities,~~with ~~Inc.~~the ~~pro~~closing ~~rata share~~ of the ~~Deferred~~Initial ~~Discount~~Public ~~was~~Offering ~~approximately~~(including ~~$5.5~~exercise ~~million and~~of ~~was~~the ~~payable~~over-allotment option), bywe recognized the ~~Company~~accretion ~~upon~~from ~~consummation~~initial ofbook anvalue ~~initial~~to ~~Business~~redemption ~~Combination.~~amount, ~~The~~which ~~Company~~resulted ~~intends~~in tocharges ~~continue~~against toadditional ~~pursue~~paid-in capital (to the ~~consummation of~~extent anavailable) ~~initial~~and ~~Business~~accumulated ~~Combination~~deficit.

~~Critical Accounting Policies~~25

~~Derivative~~Net ~~Warrant~~(Loss) ~~Liabilities~~Income Per Common Share

We docomply ~~not~~with ~~use~~accounting ~~derivative~~and ~~instruments~~disclosure ~~to hedge~~requirements ~~exposures~~of toFASB ~~cash~~ASC ~~flow,~~Topic ~~market~~260, orEarnings ~~foreign~~Per ~~currency risks~~Share. We ~~evaluate~~have ~~all~~two classes of ~~its financial instruments~~shares, ~~including~~which ~~issued~~are ~~stock~~referred ~~purchase warrants,~~ to ~~determine~~as ifClass ~~such~~A ~~instruments~~Common ~~are~~Stock ~~derivatives~~and orClass B ~~contain~~Common ~~features~~Stock. ~~that~~Income ~~qualify~~and aslosses ~~embedded~~are ~~derivatives,~~shared ~~pursuant~~pro torata ~~FASB’s ASC~~between ~~Topic~~the ~~480~~two ~~Distinguishing~~classes ~~Liabilities~~of ~~from~~shares. ~~Equity~~Net (~~“ASC 480”~~loss) ~~and~~income ~~ASC~~per ~~815,~~common ~~Derivatives~~share ~~and~~is ~~Hedging (“ASC~~calculated ~~815”).~~by ~~The~~dividing ~~classification~~the ofnet ~~derivative~~(loss) ~~instruments,~~income ~~including~~by ~~whether~~the ~~such~~weighted ~~instruments~~average ~~should~~shares beof ~~recorded~~common asstock ~~liabilities~~outstanding orfor ~~as equity, is re-assessed at~~ the ~~end~~respective ~~of each reporting~~ period.

The ~~8,625,000~~calculation ~~Public~~of ~~Warrants~~diluted ~~and~~net ~~the~~(loss) ~~6,000,000~~income does ~~Private~~not ~~Placement~~consider ~~Warrants~~the ~~are~~effect ~~recognized~~of asthe ~~derivative~~warrants ~~liabilities~~underlying inthe ~~accordance~~Units ~~with~~sold ~~ASC~~in ~~815.~~the ~~Accordingly,~~Initial wePublic ~~recognize~~Offering (including the ~~warrant instruments~~consummation asof ~~liabilities~~the ~~at fair value~~ over-allotment) and ~~adjust~~ the ~~instruments~~private toplacement ~~fair~~warrants ~~value~~to atpurchase ~~each~~an ~~reporting~~aggregate ~~period.~~of ~~The~~14,625,000 ~~liabilities~~Class ~~are~~A ~~subject to~~Common ~~re-measurement~~Stock atin ~~each~~the ~~balance~~calculation ~~sheet~~of ~~date~~diluted ~~until~~(loss) ~~exercised.~~income per ~~For~~share, ~~periods~~because ~~where~~their noexercise ~~observable traded price~~ is ~~available,~~contingent ~~the~~upon ~~Company~~future ~~utilized a~~events ~~Monte-Carlo~~and ~~simulation~~their toinclusion ~~estimate~~would ~~the~~be ~~fair~~anti-dilutive ~~value~~under of the ~~Public~~treasury ~~Warrants~~stock method. ~~and~~As ~~used~~a ~~the~~result, ~~Black-Scholes~~diluted ~~option~~net ~~pricing~~(loss) ~~model~~income toper ~~estimate the~~share ~~fair~~is ~~value of~~ the ~~Private~~same ~~Placement~~as ~~Warrants.~~basic ~~The~~net ~~determination~~(loss) ofincome ~~the~~per ~~fair~~share ~~value~~for of the ~~warrant~~three ~~liability~~and ~~may~~nine ~~be subject to change~~months asended ~~more~~September ~~current~~30, ~~information~~2023 ~~becomes available~~ and ~~accordingly the actual results could differ significantly~~2022. ~~Derivative~~Accretion ~~warrant~~associated ~~liabilities are~~with ~~classified~~the asredeemable ~~non-current~~Class ~~liabilities~~A asCommon ~~their~~Stock ~~liquidation~~ is ~~not~~excluded ~~reasonably~~from ~~expected~~earnings toper ~~require~~share ~~the use of current assets or require~~as the ~~creation~~redemption ofvalue ~~current~~approximates ~~liabilities~~fair value.

We have considered the effect of Class AB Common Stock ~~Subject~~that towere ~~Possible~~excluded from weighted average number as they were contingent on the exercise of overallotment option by the underwriters. ~~Redemption~~Since the contingency was satisfied, we included these shares in the weighted average number as of the beginning of the interim period to determine the dilutive impact of these shares.

WeRecent ~~account~~Accounting for our Class A Common Stock subject to possible redemption in accordance with the guidance in ASC Topic 480 Distinguishing Liabilities from Equity. Class A Common Stock subject to mandatory redemption (if any) is classified as liability instruments and are measured at fair value. Conditionally redeemable Class A Common Stock (including Class A Common Stock that features redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within our control) are classified as temporary equity. At all other times, Class A Common Stock is classified as stockholders’ equity. Our Class A Common Stock feature certain redemption rights that are considered to be outside of our control and subject to the occurrence of uncertain future events. Accordingly, 1,557,134 and 1,652,286 shares of Class A Common Stock subject to possible redemption at redemption values of $10.43 and $10.30 per share as of June 30, 2023 and December 31, 2022, respectively, are presented at redemption value as temporary equity, outside of the stockholders’ deficit section of our unaudited condensed consolidated balance sheets. There was no non-redeemable Class A Common Stock issued or outstanding as of June 30, 2023 and December 31, 2022.Pronouncements

WeIn ~~recognize~~June ~~changes~~2016, inthe ~~redemption~~FASB ~~value~~issued ~~immediately~~ASU 2016-13. This asupdate ~~they~~requires ~~occur~~financial ~~and~~assets ~~adjust~~measured at amortized cost basis to be presented at the ~~carrying~~net ~~value~~amount expected to be collected. The measurement of ~~the~~expected ~~Class~~credit Alosses ~~Common~~is ~~Stock~~based ~~subject~~on torelevant ~~possible~~information ~~redemption~~about topast ~~equal~~events, ~~the~~including ~~redemption~~historical ~~value~~experience, atcurrent conditions, and reasonable and supportable forecasts that affect the ~~end~~collectability of ~~each~~the ~~reporting~~reported ~~period~~amount. ~~Effective~~Since ~~with~~June 2016, the ~~closing~~FASB ofissued ~~the~~clarifying updates ~~Initial~~to ~~Public~~the ~~Offering~~new (standard including ~~exercise~~changing of the ~~over-allotment~~effective date for smaller reporting companies. The guidance is effective for fiscal ~~option),~~years webeginning ~~recognized~~after ~~the~~December ~~accretion~~15, ~~from~~2022, ~~initial~~and ~~book~~interim ~~value~~periods towithin ~~redemption~~those ~~amount~~fiscal years, ~~which~~with ~~resulted~~early inadoption ~~charges~~permitted. ~~against~~The ~~additional~~Company ~~paid-in~~adopted ~~capital~~ASU ~~(to~~2016-13 ~~the~~on ~~extent~~January ~~available)~~1, ~~and~~2023. ~~accumulated~~The ~~deficit~~adoption of ASU 2016-13 did not have an impact on its financial statements.

24In June 2022, the FASB issued ASU 2022-03, ASC Subtopic 820 Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions. The ASU amends ASC 820 to clarify that a contractual sales restriction is not considered in measuring an equity security at fair value and to introduce new disclosure requirements for equity securities subject to contractual sale restrictions that are measured at fair value. The ASU applies to both holders and issuers of equity and equity-linked securities measured at fair value. The amendments in this ASU are effective for us in fiscal years beginning after December 15, 2023, and interim periods within those fiscal years. Early adoption is permitted for both interim and annual consolidated financial statements that have not yet been issued or made available for issuance. We are still evaluating the impact of this pronouncement on the condensed consolidated financial statements.

~~Net~~Our ~~(Loss)~~management ~~Income~~does ~~Per~~not ~~Common~~believe ~~Share~~that any recently issued, but not yet effective, accounting pronouncements, if currently adopted, would have a material impact on our unaudited condensed consolidated financial statements.

WeOff-Balance ~~comply~~Sheet with accounting and disclosure requirements of FASB ASC Topic 260, Earnings Per Share. We have two classes of shares, which are referred to as Class A Common Stock and Class B Common Stock. Income and losses are shared pro rata between the two classes of shares. Net (loss) income per common share is calculated by dividing the net (loss) income by the weighted average shares of common stock outstanding for the respective period.Arrangements

~~The~~As ~~calculation~~ of ~~diluted~~September ~~net~~30, ~~(loss)~~2023, ~~income~~we ~~does~~ did not ~~consider~~have ~~the effect of the warrants underlying the Units sold in the Initial Public Offering (including the consummation of the over-allotment)~~any ~~and~~off-balance ~~the~~sheet ~~private~~arrangements ~~placement~~as ~~warrants~~defined ~~to purchase an aggregate of 14,625,000 Class A Common Stock~~ in ~~the~~Item ~~calculation of diluted~~ 303(~~loss) income per share, because their exercise is contingent upon future events and their inclusion would be anti-dilutive under the treasury stock method. As~~ a ~~result, diluted net~~ )(~~loss~~4) ~~income per share is the same as basic net~~ (~~loss~~ii) ~~income~~of ~~per~~Regulation ~~share for the three and six months ended June 30, 2023 and 2022~~S-K. ~~Accretion associated with the redeemable Class A Common Stock is excluded from earnings per share as the redemption value approximates fair value.~~

We have considered the effect of Class B Common Stock that were excluded from weighted average number as they were contingent on the exercise of overallotment option by the underwriters. Since the contingency was satisfied, we included these shares in the weighted average number as of the beginning of the interim period to determine the dilutive impact of these shares.26

~~Recent~~Nasdaq ~~Accounting Pronouncements~~Letter

InOn ~~June~~April ~~2016~~3, 2023, the ~~FASB~~Company ~~issued~~received ~~ASU~~a ~~2016-13. This~~letter ~~update~~(the ~~requires~~“Letter”) ~~financial~~from ~~assets~~the ~~measured~~staff at ~~amortized~~the ~~cost~~Nasdaq ~~basis~~Stock Market (“Nasdaq”) notifying the Company that, for the 30 consecutive business days prior to bethe ~~presented~~date of the Letter, the Company’s common stock had traded at a value below the ~~net~~minimum $50 million “Market ~~amount~~Value ~~expected~~of toListed beSecurities” ~~collected~~(“MVLS”) requirement set forth in Nasdaq Listing Rule 5450(b)(2)(A), which is required for continued listing of the Company’s common stock on The Nasdaq Global Market. The ~~measurement~~Letter is only a notification of deficiency, not of ~~expected~~imminent ~~credit~~delisting, ~~losses~~and ishas ~~based~~no current effect on ~~relevant~~the ~~information~~listing ~~about~~or ~~past~~trading ~~events~~of the Company’s securities on Nasdaq. In accordance with Nasdaq listing rule 5810(c)(3)(C), ~~including~~the ~~historical~~Company ~~experience~~had 180 calendar days, ~~current~~or ~~conditions~~until October 2, ~~and~~2023, to regain compliance. ~~reasonable~~The ~~and~~Letter ~~supportable~~further ~~forecasts~~noted that ~~affect~~if the ~~collectability~~Company ofwas unable to satisfy the ~~reported~~MVLS ~~amount.~~requirement ~~Since~~prior ~~June~~to ~~2016~~such date, the ~~FASB~~Company ~~issued~~may ~~clarifying updates~~be eligible to transfer the ~~new~~listing ~~standard~~of ~~including~~its ~~changing~~securities to The Nasdaq Capital Market (provided that the ~~effective~~Company ~~date~~then satisfies the requirements for continued ~~smaller~~listing ~~reporting~~on ~~companies~~that market). ~~The~~As ~~guidance~~of isthe ~~effective~~date ~~for~~of ~~fiscal years~~this ~~beginning~~Quarterly ~~after~~Report ~~December~~on 15Form 10-Q, ~~2022~~the Company has not received any further contact from Nasdaq with respect to the Letter or the MVLS requirement, and ~~interim~~the ~~periods~~Company’s ~~within~~common ~~those~~stock ~~fiscal~~continues ~~years,~~to ~~with~~be ~~early~~listed ~~adoption~~on ~~permitted~~The Nasdaq Global Market. The Company ~~adopted ASU~~actively ~~2016-13~~monitors onits ~~January~~MVLS 1and may, ~~2023.~~if ~~The~~appropriate, ~~adoption~~evaluate available options to maintain compliance with the MVLS requirement or transfer the listing of ~~ASU~~our ~~2016-13~~securities ~~did~~to ~~not~~The ~~have~~Nasdaq anCapital ~~impact~~Market. While the Company is exercising diligent efforts to maintain the listing of our securities on ~~its~~Nasdaq, ~~financial~~there ~~statements~~can be no assurance that the Company will be able to maintain compliance with Nasdaq listing standards.

InFor ~~June~~more ~~2022,~~information about the ~~FASB issued ASU 2022-03~~Letter, ~~ASC Subtopic~~see ~~820 Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions. The ASU amends ASC 820 to clarify~~the ~~that~~Company’s aCurrent ~~contractual~~Report ~~sales~~on ~~restriction~~Form is not considered in measuring an equity security at fair value and to introduce new disclosure requirements for equity securities subject to contractual sale restrictions that are measured at fair value. The ASU applies to both holders and issuers of equity and equity8-~~linked~~K ~~securities~~filed ~~measured~~with atthe ~~fair~~SEC ~~value.~~on ~~The~~April ~~amendments in this ASU are effective for us in fiscal years beginning after December 15~~6, 2023~~, and interim periods within those fiscal years~~. Early adoption is permitted for both interim and annual consolidated financial statements that have not yet been issued or made available for issuance. We are still evaluating the impact of this pronouncement on the condensed consolidated financial statements.

~~Our~~JOBS management does not believe that any recently issued, but not yet effective, accounting pronouncements, if currently adopted, would have a material impact on our unaudited condensed consolidated financial statements.Act

~~Off~~The JOBS Act contains provisions that, among other things, relax certain reporting requirements for qualifying public companies. We qualify as an “emerging growth company” and under the JOBS Act are allowed to comply with new or revised accounting pronouncements based on the effective date for private (not publicly traded) companies. We are electing to delay the adoption of new or revised accounting standards, and as a result, we may not comply with new or revised accounting standards on the relevant dates on which adoption of such standards is required for non-~~Balance~~emerging ~~Sheet~~growth ~~Arrangements~~companies. As a result, the condensed consolidated financial statements may not be comparable to companies that comply with new or revised accounting pronouncements as of public company effective dates.

AsAdditionally, we are in the process of ~~June~~evaluating the 30benefits of relying on the other reduced reporting requirements provided by the JOBS Act. Subject to certain conditions set forth in the JOBS Act, ~~2023~~if, as an “emerging growth company,” we ~~did~~choose to rely on such exemptions we may not ~~have~~be ~~any~~required ~~off~~to, among other things, (i) provide an auditor’s attestation report on our system of internal controls over financial reporting pursuant to Section 404, (ii) provide all of the compensation disclosure that may be required of non-~~balance~~emerging growth public companies under the Dodd-Frank ~~sheet~~Wall ~~arrangements~~Street asReform ~~defined~~and inConsumer ~~Item~~Protection ~~303~~Act, (aiii) comply with any requirement that may be adopted by the PCAOB regarding mandatory audit firm rotation or a supplement to the auditor’s report providing additional information about the audit and the condensed consolidated financial statements (4auditor discussion and analysis) and (iiiv) disclose certain executive compensation related items such as the correlation between executive compensation and performance and comparisons of ~~Regulation~~the ~~S-K~~CEO’s compensation to median employee compensation. These exemptions will apply for a period of five years following the completion of our Initial Public Offering or until we are no longer an “emerging growth company,” whichever is earlier.

~~Nasdaq Letter~~27

OnItem ~~April~~ 3, 2023, the Company received a letter (the “Letter”) from the staff at the Nasdaq Stock Market (“Nasdaq”) notifying the Company that, for the 30 consecutive business days prior to the date of the Letter, the Company’s common stock had traded at a value below the minimum $50 million “Market Value of Listed Securities” (“MVLS”) requirement set forth in Nasdaq Listing Rule 5450(b)(2)(A), which is required for continued listing of the Company’s common stock on The Nasdaq Global Market. ~~The~~Quantitative ~~Letter is only a notification of deficiency, not of imminent delisting,~~ and ~~has~~Qualitative noDisclosures ~~current~~About effect on the listing or trading of the Company’s securities on Nasdaq. In accordance with Nasdaq listing rule 5810(c)(3)(C), the Company has 180 calendar days, or until October 2, 2023, to regain compliance. In the event the Company does not regain compliance by October 2, 2023, Nasdaq staff will provide written notice to the Company that its securities are subject to delisting. The Letter further notes that if the Company is unable to satisfy the MVLS requirement prior to such date, the Company may be eligible to transfer the listing of its securities to The Nasdaq Capital Market ~~(provided that the Company then satisfies the requirements for continued listing on that market).~~Risk

~~The~~We ~~Company~~are ~~intends~~a tosmaller ~~actively~~reporting ~~monitor~~company ~~the~~as ~~Company’s~~defined ~~MVLS~~by ~~between~~Rule ~~now and October~~ 12b-2, ~~2023,~~of ~~and may, if appropriate, evaluate available options to resolve~~ the ~~deficiency~~Exchange Act and ~~regain~~are ~~compliance with~~not ~~the~~required ~~MVLS requirement or transfer the listing of our securities~~ to ~~The~~provide ~~Nasdaq Capital Market. While~~ the ~~Company~~information isotherwise ~~exercising~~required ~~diligent efforts~~under tothis ~~maintain the listing of our securities on Nasdaq, there can be no assurance that the Company will be able to regain or maintain compliance with Nasdaq listing standards~~item.

~~For~~Item ~~more~~4. ~~information~~Controls ~~about~~and ~~the Letter, see the Company’s Current Report on Form 8-K filed with the SEC on April 6, 2023.~~Procedures

25Evaluation of Disclosure Controls and Procedures

~~JOBS~~Disclosure controls and procedures are designed to ensure that information required to be disclosed by us in our Exchange Act reports is recorded, processed, summarized, and reported within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and communicated to our management, including our principal executive officer and principal financial officer or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

~~The~~Under ~~JOBS~~the ~~Act~~supervision ~~contains~~and ~~provisions~~with ~~that,~~the ~~among other~~participation ~~things,~~of ~~relax~~our ~~certain~~management, ~~reporting~~including ~~requirements~~our ~~for~~principal ~~qualifying~~executive ~~public~~officer ~~companies.~~and Weprincipal ~~qualify~~financial asand anaccounting ~~“emerging~~officer, ~~growth~~we ~~company”~~conducted ~~and~~an evaluation ~~under~~of the ~~JOBS~~effectiveness ~~Act~~of ~~are~~our ~~allowed~~disclosure tocontrols ~~comply~~and ~~with~~procedures ~~new~~as orof ~~revised~~September ~~accounting~~30, ~~pronouncements~~2023, ~~based~~as onsuch ~~the~~term ~~effective~~is ~~date~~defined ~~for~~in ~~private~~Rules 13a-15(~~not~~e) ~~publicly~~and ~~traded~~15d-15(e) ~~companies.~~under Wethe ~~are~~Exchange ~~electing~~Act. toBased ~~delay~~on ~~the~~this ~~adoption~~evaluation, ofour ~~new~~principal orexecutive ~~revised~~officer ~~accounting~~and ~~standards,~~principal financial and asaccounting aofficer have ~~result,~~concluded wethat ~~may~~as ~~not~~of ~~comply~~September ~~with new~~30, or2023, ~~revised~~our ~~accounting~~disclosure ~~standards~~controls onand ~~the~~procedures ~~relevant~~were ~~dates~~not oneffective ~~which~~because ~~adoption~~ of ~~such~~a ~~standards~~material isweakness in ~~required~~our ~~for~~internal ~~non-emerging~~control ~~growth~~over ~~companies~~financial reporting. As ~~a result~~Specifically, the ~~condensed~~Company’s ~~consolidated~~management ~~financial~~has ~~statements~~concluded ~~may~~that ~~not~~our becontrol ~~comparable~~around torecording the ~~companies~~expenses ~~that~~in ~~comply~~the ~~with~~proper ~~new or revised~~ accounting ~~pronouncements~~ asperiod ofwas ~~public~~not ~~company~~effectively ~~effective~~designed ~~dates~~or maintained.

~~Additionally,~~Internal weControl are in the process of evaluating the benefits of relying on the other reduced reporting requirements provided by the JOBS Act. Subject to certain conditions set forth in the JOBS Act, if, as an “emerging growth company,” we choose to rely on such exemptions we may not be required to, among other things, (i) provide an auditor’s attestation report on our system of internal controls over ~~financial~~Financial reporting pursuant to Section 404, (ii) provide all of the compensation disclosure that may be required of non-emerging growth public companies under the Dodd-Frank Wall Street Reform and Consumer Protection Act, (iii) comply with any requirement that may be adopted by the PCAOB regarding mandatory audit firm rotation or a supplement to the auditor’s report providing additional information about the audit and the condensed consolidated financial statements (auditor discussion and analysis) and (iv) disclose certain executive compensation related items such as the correlation between executive compensation and performance and comparisons of the CEO’s compensation to median employee compensation. These exemptions will apply for a period of five years following the completion of our Initial Public Offering or until we are no longer an “emerging growth company,” whichever is earlier.Reporting

~~Item~~Management 3.is ~~Quantitative~~responsible for establishing and maintaining ~~Qualitative~~adequate internal control over financial reporting for the Company. Management assessed the effectiveness of our internal ~~Disclosures~~control ~~About~~over ~~Market~~financial ~~Risk~~reporting as of September 30, 2023, based on the framework in Internal Control – Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission. Based on its assessment, management concluded that our internal control over financial reporting was not effective as of September 30, 2023.

WeThe ~~are~~Chief aExecutive ~~smaller~~Officer ~~reporting~~and ~~company~~Chief ~~as defined~~Financial byOfficer ~~Rule~~performed ~~12b~~additional accounting and financial analyses and other post-2closing procedures including consulting with subject matter experts related to the recording of expenses in the ~~Exchange~~proper ~~Act~~accounting period. The Company’s management has expended, and ~~are~~will ~~not~~continue to ~~required~~expend, a substantial amount of effort and resources for the remediation and improvement of our internal control over financial reporting. While we have processes to ~~provide~~properly identify and evaluate the ~~information~~appropriate ~~otherwise~~accounting ~~required~~technical ~~under~~pronouncements ~~this~~and ~~item~~other literature for all significant or unusual transactions, we have expanded and will continue to improve these processes to ensure that the nuances of such transactions are effectively evaluated in the context of the increasingly complex accounting standards.

~~Item~~Changes 4.in ~~Controls~~Internal ~~and~~Control ~~Procedures~~over Financial Reporting

~~Evaluation~~There ofwere ~~Disclosure~~no ~~Controls~~changes ~~and~~to ~~Procedures~~our internal control over financial reporting that occurred during our fiscal quarter ended September 30, 2023 that have materially affected or are reasonably likely to materially affect, our internal control over financial reporting.

Disclosure controls and procedures are designed to ensure that information required to be disclosed by us in our Exchange Act reports is recorded, processed, summarized, and reported within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and communicated to our management, including our principal executive officer and principal financial officer or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.28

~~Under~~PART ~~the~~II supervision and with the participation of our management, including our principal executive officer and principal financial and accounting officer, we conducted an evaluation of the effectiveness of our disclosure controls and procedures as of June 30, 2023, as such term is defined in Rules 13a-~~15(e)~~ ~~and~~OTHER 15d-15(e) under the Exchange Act. Based on this evaluation, our principal executive officer and principal financial and accounting officer have concluded that as of June 30, 2023, our disclosure controls and procedures were not effective because of a material weakness in our internal control over financial reporting. Specifically, the Company’s management has concluded that our control around recording the expenses in the proper accounting period was not effectively designed or maintained.INFORMATION

~~Internal~~Item ~~Control~~1. ~~over~~Legal ~~Financial Reporting~~Proceedings

~~Management is responsible for establishing and maintaining adequate internal control over financial reporting for the Company~~None. Management assessed the effectiveness of our internal control over financial reporting as of June 30, 2023, based on the framework in Internal Control – Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission. Based on its assessment, management concluded that our internal control over financial reporting was not effective as of June 30, 2023.

~~The~~Item Chief Executive Officer and Chief Financial Officer performed additional accounting and financial analyses and other post-closing procedures including consulting with subject matter experts related to the recording of expenses in the proper accounting period1A. ~~The~~Risk Company’s management has expended, and will continue to expend, a substantial amount of effort and resources for the remediation and improvement of our internal control over financial reporting. While we have processes to properly identify and evaluate the appropriate accounting technical pronouncements and other literature for all significant or unusual transactions, we have expanded and will continue to improve these processes to ensure that the nuances of such transactions are effectively evaluated in the context of the increasingly complex accounting standards.Factors

~~Changes~~As of the date of this Quarterly Report on Form 10-Q, there have been no material changes to the risk factors disclosed in ~~Internal~~our ~~Control~~Annual ~~over~~Report on Form 10-K filed with the SEC on March 29, 2023, except for the below risk factors and except with respect to the information described herein in “Item 2. Management’s Discussion and Analysis of Financial ~~Reporting~~Condition and Results of Operations—Nasdaq Letter,” which updates the risk factor “Nasdaq may delist our securities from trading on its exchange, which could limit investors’ ability to make transactions in our securities and subject us to additional trading restrictions” discussed in our most recent Annual Report on Form 10-K. Any of these factors could result in a significant or material adverse effect on our results of operations or financial condition. Additional risk factors not presently known to us or that we currently deem immaterial may also impair our business or results of operations. We may disclose changes to such factors or disclose additional factors from time to time in our future filings.

~~There~~If we were nodeemed ~~changes~~to be an investment company for purposes of the Investment Company Act, we may be forced to abandon our ~~internal~~efforts ~~control~~to consummate an initial Business Combination and ~~over~~instead ~~financial~~be ~~reporting~~required to liquidate the Company. To mitigate the risk of that ~~occurred~~result, ~~during~~prior ~~our~~to ~~fiscal~~the ~~quarter~~24 ~~ended~~month ~~June~~anniversary 30of the closing of the Company’s Initial Public Offering, ~~2023~~we ~~that~~liquidated ~~have~~securities ~~materially~~held ~~affected~~in orthe Trust Account and now instead hold all funds in the Trust Account in cash. As a result, all Trust Account funds are ~~reasonably~~presently held in cash and following such liquidation, we will likely toreceive ~~materially~~minimal ~~affect~~interest, if any, on the funds held in the Trust Account, which would reduce the dollar amount that our ~~internal~~public ~~control~~stockholders would ~~over~~receive ~~financial~~upon ~~reporting~~any redemption or liquidation of the Company.

26On March 30, 2022, the SEC issued proposed rules relating, among other things, to circumstances in which special purpose acquisition companies (“SPACs”) such as us could potentially be subject to the Investment Company Act and the regulations thereunder (the “SPAC Rule Proposals”). The SPAC Rule Proposals would provide a safe harbor for such companies from the definition of “investment company” under Section 3(a)(1)(A) of the Investment Company Act, provided that a SPAC satisfies certain criteria. To comply with the duration limitation of the proposed safe harbor, a SPAC would have a limited time period to announce and complete a Business Combination transaction. Specifically, to comply with the safe harbor, the SPAC Rule Proposals would require a SPAC to file a report on Form 8-K announcing that it has entered into an agreement with a target company for an initial business combination no later than 18 months after the closing of the Company’s Initial Public Offering. Such SPAC would then be required to complete its initial business combination no later than 24 months after the closing of the Company’s Initial Public Offering.

~~Part~~There is currently uncertainty concerning the IIapplicability -of ~~Other~~the ~~Information~~Investment Company Act to a SPAC, including a company like ours, that has not consummated its initial Business Combination within 24 months after the closing of the Company’s Initial Public Offering. As we did not consummate our initial Business Combination within 24 months of such date, it is possible that a claim could be made that we have been operating as an unregistered investment company. If we were deemed to be an investment company for purposes of the Investment Company Act, we might be forced to abandon our efforts to consummate an initial Business Combination and instead be required to liquidate. If we are required to liquidate, our investors would not be able to realize the benefits of owning shares in a successor operating business, including the potential appreciation in the value of our shares and warrants following such a transaction, and our warrants would expire worthless.

~~Item~~To mitigate the risk of being viewed as operating an unregistered investment company (including pursuant to the subjective test of Section 3(a)(1)(A) of the Investment Company Act of 1940), in February 2023, we instructed Continental Stock Transfer & Trust Company, the trustee with respect to the Trust Account, to liquidate the U.S. ~~Legal~~government ~~Proceedings~~securities or money market funds held in the Trust Account and thereafter to hold all funds in the Trust Account in cash until the earlier of consummation of our initial business combination or liquidation. As a result, all Trust Account funds are presently held in cash and following such liquidation, we will likely receive minimal interest, if any, on the funds held in the Trust Account, which would reduce the dollar amount our public stockholders would receive upon any redemption or liquidation of the Company.

~~None~~Global or regional conditions may adversely affect our business and our ability to find an attractive target business with which to consummate our initial Business Combination.

~~Item~~Adverse 1Achanges in global or regional economic conditions periodically occur, including recession or slowing growth, changes, or uncertainty in fiscal, monetary or trade policy, higher interest rates, tighter credit, inflation, lower capital expenditures by businesses, increases in unemployment and lower consumer confidence and spending. ~~Risk~~Adverse ~~Factors~~changes in economic conditions can harm global business and adversely affect our ability to find an attractive target business with which to consummate our initial Business Combination. Such adverse changes could result from geopolitical and security issues, such as armed conflict and civil or military unrest, political instability, human rights concerns and terrorist activity, catastrophic events such as natural disasters and public health issues (including the COVID-19 pandemic), supply chain interruptions, new or revised export, import or doing-business regulations, including trade sanctions and tariffs or other global or regional occurrences.

AsIn ofparticular, ~~the~~in ~~date~~response ofto ~~this~~Russia’s ~~Quarterly~~invasion ~~Report~~of onUkraine, ~~Form~~the ~~10-Q~~United States, ~~there~~the ~~have~~European ~~been~~Union, noand ~~material~~several ~~changes~~other tocountries ~~the~~are ~~risk~~imposing ~~factors~~far-reaching ~~disclosed~~sanctions inand ~~our~~export ~~Annual~~control ~~Report~~restrictions on Russian ~~Form~~entities ~~10-K~~and ~~filed~~individuals. ~~with~~This ~~the~~rising ~~SEC~~conflict onas ~~March 29,~~well ~~2023,~~as ~~except for~~ the ~~below~~recent ~~Risk~~Israel-Hamas ~~Factor~~conflict and ~~except with respect to~~ the ~~information~~continued ~~described~~political ~~herein~~ unrest in ~~“Item~~the 2.Middle ~~Management’s Discussion~~East region, and ~~Analysis~~the ofresulting ~~Financial~~market ~~Condition~~volatility ~~and~~could ~~Results~~adversely ofaffect ~~Operations—Nasdaq~~global ~~Letter~~economic,” ~~which~~political ~~updates~~and ~~the~~market ~~Risk Factor “Nasdaq~~conditions. ~~may~~Additionally, ~~delist~~tensions ~~our~~between ~~securities~~the ~~from~~United ~~trading~~States onand ~~its~~China ~~exchange,~~have ~~which~~led ~~could limit investors’ ability~~ to ~~make~~increased ~~transactions~~tariffs ~~in our securities~~ and ~~subject~~trade ~~us to additional trading~~ restrictions”. ~~discussed~~The inUnited ~~our~~States ~~most~~has imposed ~~recent~~economic ~~Annual~~sanctions ~~Report~~ on ~~Form~~certain ~~10-K.~~Chinese ~~Any~~individuals ofand ~~these~~entities ~~factors could~~and ~~result~~restrictions ~~in a significant or material adverse effect~~ on ~~our~~the ~~results~~export of ~~operations or financial condition~~U.S.-regulated ~~Additional~~products ~~risk~~and ~~factors~~technology ~~not~~to ~~presently~~certain ~~known~~Chinese totechnology uscompanies. orThese ~~that~~and weother ~~currently~~global ~~deem~~and ~~immaterial~~regional conditions may ~~also~~adversely ~~impair~~impact our business orand ~~results of operations. We may disclose changes to such factors or disclose additional factors from time to time in~~ our ~~future filings. Unless specifically stated, this Quarterly~~ability ~~Report does not give effect~~ to ~~the~~find ~~proposed~~an ~~W3BCLOUD~~attractive ~~Business~~target ~~Combination~~business ~~and does not contain the risks associated~~ with ~~the~~which ~~proposed W3BCLOUD Business Combination. For risks associated with the W3BCLOUD Business Combination, please refer~~ to consummate our ~~preliminary~~initial ~~proxy statement originally filed on September 9, 2022, as subsequently amended, in connection with the approval of the W3BCLOUD~~ Business Combination.

If we were deemed to be an investment company for purposes of the Investment Company Act, we may be forced to abandon our efforts to consummate an initial Business Combination and instead be required to liquidate the Company. To mitigate the risk of that result, prior to the 24 month anniversary of the closing of the Company’s Initial Public Offering, we liquidated securities held in the Trust Account and now instead hold all funds in the Trust Account in cash. As a result, all Trust Account funds are presently held in cash and following such liquidation, we will likely receive minimal interest, if any, on the funds held in the Trust Account, which would reduce the dollar amount that our public stockholders would receive upon any redemption or liquidation of the Company.29

OnItem March 30, 2022, the SEC issued proposed rules relating, among other things, to circumstances in which special purpose acquisition companies (“SPACs”) such as us could potentially be subject to the Investment Company Act and the regulations thereunder (the “SPAC Rule Proposals”)2. ~~The~~Unregistered ~~SPAC~~Sales ~~Rule Proposals would provide a safe harbor for such companies from the definition~~ of ~~“investment~~Equity ~~company”~~Securities under Section 3(a)(1)(A) of the Investment Company Act, provided that a SPAC satisfies certain criteria. To comply with the duration limitation of the proposed safe harbor, a SPAC would have a limited time period to announce and ~~complete~~Use a Business Combination transaction. Specifically, to comply with the safe harbor, the SPAC Rule Proposals would require a SPAC to file a report on Form 8-K announcing that it has entered into an agreement with a target company for an initial business combination no later than 18 months after the closing of ~~the Company’s Initial Public Offering~~Proceeds. ~~Such SPAC would then be required to complete its initial business combination no later than 24 months after the closing of the Company’s Initial Public Offering.~~

~~There~~None. isWithout ~~currently~~limiting ~~uncertainty concerning~~ the ~~applicability~~ generality of the ~~Investment Company Act to a SPAC~~foregoing, ~~including a company like ours, that has not consummated its initial Business Combination~~ ~~within 24 months after~~ the ~~closing of the~~ Company’s ~~Initial Public Offering. As we~~ did not ~~consummate~~repurchase ~~our~~any ~~initial~~shares ~~Business Combination within 24 months~~ of ~~such~~common ~~date,~~stock ~~it is possible that a claim could be made that we have been operating as an unregistered investment company. If we were deemed to be an investment company for purposes~~ of the ~~Investment~~ Company ~~Act,~~during we might be forced to abandon our efforts to consummate an initial Business Combination and instead be required to liquidate. If we are required to liquidate, our investors would not be able to realize the ~~benefits~~three ofmonths ~~owning~~ended ~~shares~~September ~~in a successor operating business~~30, ~~including the potential appreciation in the value of our shares and warrants following such a transaction, and our warrants would expire worthless~~2023.

ToItem ~~mitigate the risk of being viewed as operating an unregistered investment company (including pursuant to the subjective test of Section~~ 3~~(a)(1)(A) of the Investment Company Act of 1940), in February 2023, we instructed Continental Stock Transfer & Trust Company, the trustee with respect to the Trust Account, to liquidate the U~~.S. ~~government~~Defaults securities or money market funds held in the Trust Account and thereafter to hold all funds in the Trust Account in cash until the earlier of consummation of our initial business combination or liquidation. As a result, all Trust Account funds are presently held in cash and following such liquidation, we will likely receive minimal interest, if any, on the funds held in the Trust Account, which would reduce the dollar amount our public stockholders would receive upon ~~any~~Senior ~~redemption or liquidation of the Company.~~Securities

27None.

Item 24. ~~Unregistered~~Mine ~~Sales of~~Safety ~~Equity Securities and Use of Proceeds~~Disclosures.

~~None.~~Not ~~Without limiting the generality of the foregoing, the Company did not repurchase any shares of common stock of the Company during the three months ended June 30, 2023~~applicable.

Item 35. ~~Defaults~~Other ~~upon Senior Securities~~Information.

~~None~~(c) During the three months ended September 30, 2023, no director or Section 16 officer of the Company adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.

Item 46. ~~Mine Safety Disclosures~~Exhibits.

Not applicable.

Exhibit No.		Description of Exhibits
10.1(1)		Termination Agreement, dated September 22, 2023, by and among Social Leverage Acquisition Corp I, SLAC Merger Sub, Inc. and W3BCLOUD Holdings Inc.
31.1**		Certification of Chief Executive Officer (Principal Executive Officer) Pursuant to Rules 13a-14(a) and 15d-14(a) under the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2**		Certification of Chairman of the Board of Directors (Principal Financial and Accounting Officer) Pursuant to Rules 13a-14(a) and 15d-14(a) under the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1**		Certification of Chief Executive Officer (Principal Executive Officer) Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
32.2**		Certification of Chairman of the Board of Directors (Principal Financial and Accounting Officer) Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
101.INS*		Inline XBRL Instance Document.
101.SCH*		Inline XBRL Taxonomy Extension Schema Document.
101.CAL*		Inline XBRL Taxonomy Extension Calculation Linkbase Document.
101.DEF*		Inline XBRL Taxonomy Extension Definition Linkbase Document.
101.LAB*		Inline XBRL Taxonomy Extension Label Linkbase Document.
101.PRE*		Inline XBRL Taxonomy Extension Presentation Linkbase Document.
104*		Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101).

~~Item~~* 5.Filed ~~Other Information~~herewith.

~~(c)~~** ~~During~~These ~~the~~certifications ~~three~~are ~~months~~furnished ~~ended~~to ~~June~~the ~~30,~~SEC ~~2023, no~~pursuant ~~director~~to or Section 16906 ~~officer~~ of the ~~Company~~Sarbanes-Oxley ~~adopted~~Act orof ~~terminated~~2002 aand ~~“Rule~~are ~~10b5-1~~deemed ~~trading~~not ~~arrangement”~~filed orfor ~~“non-Rule 10b5-1~~purposes ~~trading~~of ~~arrangement~~Section 18 of the Securities Exchange Act of 1934,” as ~~each~~amended, ~~term~~nor isshall ~~defined~~they be deemed incorporated by reference in ~~Item~~any ~~408(a)~~filing under the Securities Act of ~~Regulation~~1933, ~~S-K~~except as shall be expressly set forth by specific reference in such filing.

~~Item~~(1) 6Incorporated by reference to Exhibit 3.1 ~~Exhibits~~to the Registrant’s Current Report on Form 8-K filed on September 22, 2023.

Exhibit No.		Description of Exhibits
31.1**		Certification of Chief Executive Officer (Principal Executive Officer) Pursuant to Rules 13a-14(a) and 15d-14(a) under the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2**		Certification of Chairman of the Board of Directors (Principal Financial and Accounting Officer) Pursuant to Rules 13a-14(a) and 15d-14(a) under the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1**		Certification of Chief Executive Officer (Principal Executive Officer) Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
32.2**		Certification of Chairman of the Board of Directors (Principal Financial and Accounting Officer) Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
101.INS*		Inline XBRL Instance Document.
101.SCH*		Inline XBRL Taxonomy Extension Schema Document.
101.CAL*		Inline XBRL Taxonomy Extension Calculation Linkbase Document.
101.DEF*		Inline XBRL Taxonomy Extension Definition Linkbase Document.
101.LAB*		Inline XBRL Taxonomy Extension Label Linkbase Document.
101.PRE*		Inline XBRL Taxonomy Extension Presentation Linkbase Document.
104*		Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101).

* Filed herewith.SIGNATURE

**Pursuant ~~These certifications are furnished~~ to the ~~SEC~~requirements ~~pursuant to Section 906~~ of the ~~Sarbanes-Oxley Act of 2002 and are deemed not filed for purposes of Section 18 of the~~ Securities Exchange Act of 1934, ~~as amended, nor shall they be deemed incorporated by reference in any filing under~~ the ~~Securities~~registrant ~~Act~~has ofduly ~~1933,~~caused ~~except~~this asreport ~~shall~~to be ~~expressly~~signed ~~set~~on ~~forth~~its behalf by ~~specific~~the ~~reference~~undersigned inhereunto ~~such~~duly ~~filing~~authorized.

28Dated: November 14, 2023

~~SIGNATURE~~SOCIAL LEVERAGE ACQUISITION CORP I By: /s/ Howard Lindzon Name: Howard Lindzon Title: Chief Executive Officer

~~Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.~~31

Dated: August 21, 2023

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SOCIAL LEVERAGE ACQUISITION CORP I By: /s/ Howard Lindzon Name: Howard Lindzon Title: Chief Executive Officer

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Filing Compare · Social Leverage Acquisition Corp I