Artemis Strategic Investment Corp

CIK:0001839990|SEC Filings

CONDENSED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		6 Months Ended
CONDENSED STATEMENTS OF OPERATIONS - USD ($)	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Formation and general and administrative expenses	$ 227,545	$ 781,914	$ 812,684	$ 5,054,348
Loss from operations	(227,545)	(781,914)	(812,684)	(5,054,348)
Other income
Interest earned on investments held in trust account	1,807,023	231,675	3,835,611	266,579
Change in fair value of warrant liabilities	619,931	5,067,788	2,128,631	8,051,082
Total other income	2,426,954	5,299,463	5,964,242	8,317,661
Income before provision for income taxes	2,199,409	4,517,549	5,151,558	3,263,313
Provision for income taxes	(805,478)		(1,225,175)
Net income	$ 1,393,931	$ 4,517,549	$ 3,926,383	$ 3,263,313
Class A common stock
Other income
Weighted average shares of common stock outstanding, basic	19,588,855	20,125,000	19,745,490	20,125,000
Weighted average shares of common stock outstanding, diluted	19,588,855	20,125,000	19,745,490	20,125,000
Basic net income per share	$ 0.06	$ 0.18	$ 0.16	$ 0.13
Diluted net income per share	$ 0.06	$ 0.18	$ 0.16	$ 0.13
Class B common stock
Other income
Weighted average shares of common stock outstanding, basic	4,902,371	5,031,250	4,938,965	5,031,250
Weighted average shares of common stock outstanding, diluted	4,902,371	5,031,250	4,938,965	5,031,250
Basic net income per share	$ 0.06	$ 0.18	$ 0.16	$ 0.13
Diluted net income per share	$ 0.06	$ 0.18	$ 0.16	$ 0.13

CONDENSED STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended		6 Months Ended
CONDENSED STATEMENTS OF CASH FLOWS - USD ($)	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Cash flows from operating activities:
Net income			$ 3,926,383	$ 3,263,313
Adjustments to reconcile net income/(loss) to net cash used in operating activities:
Interest earned on investments held in trust account	$ (1,807,023)	$ (231,675)	(3,835,611)	(266,579)
Change in fair value of warrant liabilities	(619,931)	(5,067,788)	(2,128,631)	(8,051,082)
Adjustments to operating assets and liabilities:
Decrease in prepaid expenses			71,495	155,725
Increase in accounts payable and accrued expenses			876,176	4,442,366
Net cash used in operating activities			(1,090,188)	(456,257)
Cash flows from investing activities:
Proceeds from Trust Account to pay for taxes			980,657
Net cash provided by investing activities			980,657
Net change in cash			(109,531)	(456,257)
Cash at beginning of period			160,940	953,329
Cash at end of period	$ 51,409	$ 497,072	51,409	$ 497,072
Non-cash investing and financing activities:
Amounts due to redeemed Class A common stockholders			189,038,189
Cash paid for income taxes			$ 750,000

CONDENSED BALANCE SHEETS - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Current assets
Cash	$ 51,409	$ 160,940
Prepaid expenses	35,000	106,495
Investments held in Trust Account	189,038,189
Total Current Assets	189,124,598	267,435
Investments held in Trust Account	22,060,895	208,244,129
Total Assets	211,185,493	208,511,564
Current liabilities
Accounts payable and accrued expenses	7,086,211	6,210,035
Amounts due to redeemed Class A common stockholders	189,038,189
Total Current Liabilities	196,124,400	6,210,035
Derivative warrant liabilities	583,819	2,712,450
Total Liabilities	196,708,219	8,922,485
Commitments and Contingencies
Stockholders' Deficit
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding at June 30, 2023 and December 31, 2022
Accumulated deficit	(6,836,728)	(7,913,028)
Total Stockholders' Deficit	(6,836,225)	(7,912,525)
Total Liabilities and Stockholders' Deficit	211,185,493	208,511,564
Class A common stock
Stockholders' Deficit
Common stock	341
Class A common stock subject to possible redemption
Current liabilities
Class A common stock; 20,125,000 shares subject to possible redemption at $10.45 and $10.31 per share at June 30, 2023 and December 31, 2022, respectively	21,313,499	207,501,604
Class B common stock
Stockholders' Deficit
Common stock	$ 162	$ 503