10-K
Annual Report
CLIMATEROCK
CLRCR
NASDAQ
CIK: 1903392
File #: 001-41363
Balance Sheet
34 line items · 2 periods
XBRL
| Item | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|
ASSETS | ||
Current assets | ||
Cash | 57,290 | 411,711 |
Prepaid expenses | 412 | 106,542 |
Total current assets | 57,702 | 518,253 |
Non-current assets | ||
Cash and cash equivalents held in trust account | 28,508,214 | 81,039,102 |
Level 1 - Fair Value, Recurring | 28,508,214 | 81,039,102 |
Total non-current assets | 28,508,214 | 81,039,102 |
Total assets | 28,565,916 | 81,557,355 |
LIABILITIES AND SHAREHOLDERS’ (DEFICIT) EQUITY | ||
Current liabilities | ||
Accrued liabilities | 959,720 | 935,421 |
Administrative service fee payable - related party | 184,941 | 70,299 |
Loan payable - related party | 1,481,524 | 480,000 |
Convertible promissory note payable - related party | 600,000 | — |
Total current liabilities | 3,226,185 | 1,485,720 |
Non-current liabilities | ||
Loan payable - related party | 50,000 | — |
Deferred underwriting commission payable | 2,362,500 | 2,362,500 |
Total non-current liabilities | 2,412,500 | 2,362,500 |
TOTAL LIABILITIES | 5,638,685 | 3,848,220 |
Class A ordinary shares, $0.0001 par value, subject to possible redemption. 2,577,138 and 7,875,000 shares at redemption value of $11.06 and $10.29 per share, including dividend income in the trust account, at December 31, 2023 and December 31, 2022, respectively | 28,508,214 | 81,039,102 |
Class A | 28,508,214 | 81,039,102 |
Total commitments and contingencies | 28,508,214 | 81,039,102 |
SHAREHOLDERS’ DEFICIT | ||
Class A | 209 | 12 |
Class B | — | 197 |
Accumulated deficit | (5,581,192) | (3,330,176) |
Total shareholders’ deficit | (5,580,983) | (3,329,967) |
Class A - Common Stock | 209 | 12 |
Class B - Common Stock | — | 197 |
Accumulated Deficit | (5,581,192) | (3,330,176) |
TOTAL LIABILITIES, COMMITMENTS AND CONTINGENCIES, AND SHAREHOLDERS’ DEFICIT | 28,565,916 | 81,557,355 |