99 Acquisition Group Inc.

CIK:0001950429|SEC Filings
v3.24.1.1.u2
Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Formation and operational costs $ 364,886 $ 248
Franchise tax 50,000
Related party administrative fees 30,000
Loss from operations (444,886) (248)
Other income:    
Interest income 3
Unrealized investment income on marketable securities held in Trust Account 1,012,297
Other income, net 1,012,300
Income (loss) before provision for income taxes 567,414 (248)
Provision for income taxes (202,082)
Net income (loss) $ 365,332 $ (248)
Common Shares Subject to Possible Redemption    
Other income:    
Basic weighted average shares outstanding (in Shares) 7,500,000
Redeemable Common Stock    
Other income:    
Basic net income (loss) per share (in Dollars per share) $ 0.04
Non-redeemable Common Stock    
Other income:    
Basic weighted average shares outstanding (in Shares) [1],[2] 2,575,000 2,500,000
Basic net income (loss) per share (in Dollars per share) $ 0.04 $ 0
[1] Excludes 375,000 shares of Class B common stock that were subject to forfeiture if the over-allotment option was not exercised in full or in part by the underwriters. On October 1, 2023, the option expired unexercised, such that 375,000 shares of Class B common stock were forfeited by the Sponsor (see Notes 5 and 7).
[2] Gives retroactive effect to the 42.22% share dividend declared on February 8, 2023 and the forfeiture of 191,667 shares on August 17, 2023 (see Notes 5 and 7).