Leo Holdings Corp. II

CIK:0001824153|SEC Filings

Condensed Consolidated Statements of Operations - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Operating expenses
General and administrative expenses	$ 223,613	$ 214,271	$ 961,005	$ 721,651
General and administrative expenses - related party	30,000	30,000	90,000	90,000
Loss from operations	(253,613)	(244,271)	(1,051,005)	(811,651)
Other income:
Change in fair value of warrant liabilities	0	802,084	(461)	8,822,917
Interest from cash and investments held in Trust Account	389,407	1,199,335	1,472,062	1,466,162
Other income, net	389,407	2,001,419	1,471,601	10,289,079
Net income	135,794	1,757,148	420,596	9,477,428
Common Class A [Member]
Other income:
Net income	$ 44,541	$ 1,405,718	$ 164,609	$ 7,581,942
Weighted average ordinary shares outstanding, basic	4,575,964	37,500,000	6,028,495	37,500,000
Weighted average ordinary shares outstanding, diluted	4,575,964	37,500,000	6,028,495	37,500,000
Basic net income per ordinary share	$ 0.01	$ 0.04	$ 0.03	$ 0.2
Diluted net income per ordinary share	$ 0.01	$ 0.04	$ 0.03	$ 0.2
Common Class B [Member]
Other income:
Net income	$ 91,253	$ 351,430	$ 255,987	$ 1,895,486
Weighted average ordinary shares outstanding, basic	9,375,000	9,375,000	9,375,000	9,375,000
Weighted average ordinary shares outstanding, diluted	9,375,000	9,375,000	9,375,000	9,375,000
Basic net income per ordinary share	$ 0.01	$ 0.04	$ 0.03	$ 0.2
Diluted net income per ordinary share	$ 0.01	$ 0.04	$ 0.03	$ 0.2

Condensed Consolidated Statements of Cash Flows - USD ($)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Cash Flows from Operating Activities:
Net income	$ 420,596	$ 9,477,428
Adjustments to reconcile net income to net cash used in operating activities:
Change in fair value of warrant liabilities	461	(8,822,917)
Net gain from cash and investments held in Trust Account	(1,472,062)	(1,466,162)
Change in operating assets and liabilities:
Prepaid expenses	(15,408)	301,606
Accounts payable	916,752	250,588
Accounts payable - related party	90,000	50,000
Accrued expenses - related party	59,661	49,172
Net cash used in operating activities	0	(160,285)
Cash Flows from Investing Activities:
Cash deposited in Trust Account	(2,160,000)	0
Cash withdrawn from Trust Account in connection with redemption	334,239,331	0
Net cash provided by investing activities	332,079,331	0
Cash Flows from Financing Activities:
Proceeds from Convertible Extension Note - Related Party	2,160,000	0
Redemption of Ordinary shares	(334,239,331)	0
Net cash used in financing activities	(332,079,331)	0
Net change in cash	0	(160,285)
Cash - beginning of the period	591	160,991
Cash - end of the period	$ 591	$ 706

Condensed Consolidated Balance Sheets - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Current assets:
Cash	$ 591	$ 591
Prepaid expenses	31,640	16,232
Total current assets	32,231	16,823
Investments held in Trust Account	0	380,360,382
Cash held in Trust Account	49,753,112	0
Total Assets	49,785,343	380,377,205
Current liabilities:
Accounts payable	1,280,496	363,744
Accounts payable - related party	170,000	80,000
Accrued expenses - related party	236,465	176,804
Convertible Extension Note - related party	2,160,000	0
Total current liabilities	3,846,961	620,548
Deferred underwriting commissions	13,125,000	13,125,000
Warrant liabilities	321,295	320,834
Total liabilities	17,293,256	14,066,382
Commitments and Contingencies
Shareholders' Deficit:
Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued or outstanding as of September 30, 2023 and December 31, 2022
Accumulated deficit	(17,161,962)	(13,950,496)
Total shareholders' deficit	(17,161,025)	(13,949,559)
Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption and Shareholders' Deficit	49,785,343	380,377,205
Common Class A [Member]
Current liabilities:
Class A ordinary shares subject to possible redemption, $0.0001 par value; 4,575,964 and 37,500,000 shares issued and outstanding at approximately $10.85 and $10.14 per share of redemption value as of September 30, 2023 and December 31, 2022, respectively	49,653,112	380,260,382
Shareholders' Deficit:
Ordinary shares	0	0
Common Class B [Member]
Shareholders' Deficit:
Ordinary shares	$ 937	$ 937