Ownership / Corner Growth Acquisition Corp - Ordinary Shares | Tables in SEC filings

COOL Corner Growth Acquisition Corp - Ordinary Shares

Quarterly report

	Class A				Class B				Additional				Total
	Ordinary Shares				Ordinary Shares				Paid-		Accumulated			Shareholders’
	Shares		Amount		Shares		Amount		in Capital		Deficit			Deficit
Balance, January 1, 2024		9,825,000	$	982		175,000	$	18	$	-	$	(12,583,479)		$	(12,582,479)
Remeasurement of Class A ordinary shares subject to possible redemption		-		-		-		-		-		(55,782)			(55,782)
Net loss		-		-		-		-		-		(2,513,203)			(2,513,203)
Balance, March 31, 2024		9,825,000		982		175,000		18		-		(15,152,464)			(15,151,464)
Remeasurement of Class A ordinary shares subject to possible redemption		-		-		-		-		-		(39,495)			(39,495)
Net loss		-		-		-		-		-		(2,077,100)			(2,077,100)
Balance, June 30, 2024		9,825,000	$	982		175,000	$	18	$	-	$	(17,269,059)		$	(17,268,059)
Remeasurement of Class A ordinary shares subject to possible redemption		-		-		-		-		-		(35,747)			(35,747)
Cancellation of Private Warrants										304,000					304,000
Forgivness of due to related party balance										5,457,840					5,457,840
Waiver of deferred underwriting commissions by underwriter												7,000,000			7,000,000
Net Profit		-		-		-		-		-		4,112,487			4,112,487
Balance, September 30, 2024		9,825,000	$	982		175,000	$	18	$	5,761,840	$	(6,192,319)		$	(429,479)


Balance, January 1, 2023		-	$	-		10,000,000	$	1,000	$	-	$	(5,783,772)		$	(5,782,772)
Remeasurement of Class A ordinary shares subject to possible redemption		-		-		-		-		-		(154,783)			(154,783)
Net loss		-		-		-		-		-		(2,381,252)			(2,381,252)
Balance, March 31, 2023		-	$	-		10,000,000	$	1,000	$	-	$	(8,319,807)		$	(8,318,807)
Conversion of Class B ordinary shares to Class A nonredeemable ordinary shares		9,825,000		982		(9,825,000)		(982)
Accrual of deferred underwriting fee payable (restated)		-		-		-		-		-		(3,000,000)			(3,000,000)
Transaction cost allocation for change in deferred underwiting fee (restated)		-		-		-		-		-		102,000			102,000
Remeasurement of Class A ordinary shares subject to possible redemption		-		-		-		-		-		(139,599)			(139,599)
Net loss (restated)		-		-		-		-		-		(1,409,781)			(1,409,781)
Balance, June 30, 2023 (restated)		9,825,000	$	982		175,000	$	18	$	-	$	(12,767,187)		$	(12,766,187)
Remeasurement of Class A ordinary shares subject to possible redemption		-		-		-		-		-		(57,747)			(57,747)
Net income		-		-		-		-		-		681,549			681,549
Balance, September 30, 2023		9,825,000	$	982		175,000	$	18	$	-	$	(12,143,385)		$	(12,142,385)

	For the nine months ended September 30, 2024		For the nine months ended September 30, 2023 Restated

Cash Flows from Operating Activities
Net income (loss)	$	(477,816)	$	(3,109,484)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Earnings and realized gain on marketable securities held in Trust Account		(131,024)		(352,129)
Debt Forgiveness		(785,352)
Change in fair value of warrant liabilities		(567,199)		1,046,666
Transaction costs attributable to warrant liabilities		-		102,000
Changes in operating assets and liabilities:
Accrued expenses		1,391,376		1,124,208
Due to related party		470,416		1,100,212
Prepaid expenses		77,969		78,741
Net cash used in operating activities		(21,630)		(9,786)
Cash Flows from Investing Activities
Proceeds received from Trust Account		1,340,470		11,347,734
Net cash provided by investing activities		1,340,470		11,347,734
Cash Flows from Financing Activities
Payments to Class A ordinary shareholders for redemption of shares		(1,340,470)		(11,347,734)
Net cash used in financing activities		(1,340,470)		(11,347,734)
Net change in cash		(21,630)		(9,786)
Cash at beginning of the period		21,631		31,547
Cash at end of the period	$	1	$	21,761
Non-cash financing activities:
Remeasurement of Class A ordinary shares subject to possible redemption	$	(131,024)	$	(352,129)
(Waiver) / Accrual of deferred underwriting fee payable		(7,000,000)		3,000,000
Cancellation of private warrants		304,000		-
Conversion of Class B ordinary shares to Class A nonredeemable ordinary shares		-		982
Forgivness of due to related parties		2,381,264		-
Operting expense liability assumed by related party		3,076,576		-

	For the three months ended September 30, 2024		For the nine months ended September 30, 2024		For the three months ended September 30, 2023		For the nine months ended September 30, 2023 Restated
Operating and formation costs	$	(166,705)	$	(1,961,391)	$	422,865	$	2,312,947
Loss from operations		(166,705)		(1,961,391)		(422,865)		(2,312,947)
Other income (loss)
Earnings and realized gain on marketable securities held in Trust Account		35,747		131,024		57,747		352,129
Transaction costs		-		-		-		(102,000)
Debt forgiveness		785,352		785,352		-		-
Change in fair value of warrant liabilities		3,458,093		567,199		1,046,667		(1,046,666)
Net income (loss)	$	4,112,487	$	(477,816)	$	681,549	$	(3,109,484)
Basic and diluted weighted average shares outstanding of Class A redeemable ordinary shares		316,738		343,407		419,938		903,185
Basic and diluted net income (loss) per Class A redeemable ordinary share	$	0.40	$	(0.05)	$	0.07	$	(0.29)
Basic and diluted weighted average shares outstanding of Class A nonredeemable ordinary shares and Class B ordinary shares		10,000,000		10,000,000		10,000,000		10,000,000
Basic and diluted net income (loss) per Class A nonredeemable ordinary shares and Class B ordinary shares	$	0.40	$	(0.05)	$	0.07	$	(0.29)

			September 30,			December 31,
Description	Level			2024			2023
Assets:
Cash and Marketable securities held in Trust Account		1		$	3,344,071		$	4,553,517

			September 30,					December 31,
Description	Level			2024		Level			2023
Liabilities:
Warrant Liability – Public Warrants		2		$	426,667		1		$	826,666
Warrant Liability – Private Placement Warrants		2		$	-		2		$	471,200
Total Warrant Liabilities				$	426,667				$	1,297,866

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