v3.24.1.u1

CONDENSED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended
CONDENSED STATEMENTS OF OPERATIONS - USD ($)	Mar. 31, 2024	Mar. 31, 2023
Operating costs	$ 1,626,015	$ 1,117,063
Loss from operations	(1,626,015)	(1,117,063)
Other (expenses) income:
Change in fair value of warrant liabilities	(11,438,000)	(4,214,000)
Interest earned on marketable securities held in Trust Account	7,910,692	12,590,026
Other (expenses) income	(3,527,308)	8,376,026
(Loss) income before provision for income taxes	(5,153,323)	7,258,963
Provision for income taxes	(2,860,274)	(2,923,470)
Net (loss) income	(8,013,597)	4,335,493
Class A common stock
Other (expenses) income:
Net (loss) income	$ (5,008,774)	$ 3,468,394
Weighted average shares outstanding, basic	57,508,439	138,000,000
Weighted average shares outstanding, diluted	57,508,439	138,000,000
Net income per share, basic	$ (0.09)	$ 0.03
Net income per share, diluted	$ (0.09)	$ 0.03
Class B common stock
Other (expenses) income:
Net (loss) income	$ (3,004,823)	$ 867,099
Weighted average shares outstanding, basic	34,500,000	34,500,000
Weighted average shares outstanding, diluted	34,500,000	34,500,000
Net income per share, basic	$ (0.09)	$ 0.03
Net income per share, diluted	$ (0.09)	$ 0.03

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

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Churchill Capital Corp VII 10-Q