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Redeemable Convertible Preferred Stock (Tables)
5 Months Ended 9 Months Ended 12 Months Ended
Oct. 15, 2023
Sep. 30, 2023
Dec. 31, 2022
Temporary Equity Disclosure [Abstract]      
Schedule of Temporary Equity
As of October 15, 2023, Preferred Stock consisted of the following:
Preferred Stock Authorized
Preferred Stock Issued and Outstanding
Carrying Value
Liquidation Value
Series A2,301,202 2,301,200 $1,151 $2,915 
Series B471,164 464,914 930 2,303 
Series C240,000 120,000 300 707 
Series D3,229,645 2,670,373 10,340 20,404 
Series E5,000,000 367,833 2,207 3,809 
Series F4,125,000 3,411,292 27,290 41,724 
Series G500,000 355,000 3,550 5,109 
Series H3,000,000 513,333 7,700 10,692 
Series I3,000,000 850,648 21,794 27,000 
Total21,867,011 11,054,593 $75,262 $114,663 
As of April 30, 2023, Preferred Stock consisted of the following:
Preferred Stock Authorized
Preferred Stock Issued and Outstanding
Carrying Value
Liquidation Value
Series A2,301,202 2,301,200 1,151 2,873 
Series B471,164 464,914 930 2,268 
Series C240,000 120,000 300 696 
Series D3,229,645 2,670,373 10,340 20,043 
Series E5,000,000 367,833 2,207 3,727 
Series F4,125,000 3,411,292 27,290 40,720 
Series G500,000 355,000 3,550 4,979 
Series H3,000,000 513,333 7,700 10,409 
Total18,867,011 10,203,945 53,468 85,715 
Class A common stock subject to possible redemption is reflected on the condensed consolidated balance sheet at September 30, 2023 and December 31, 2022, as follows:
Gross proceeds from initial public offering$241,500,000 
Less:
Fair value allocated to public warrants(7,498,575)
Offering costs allocated to Class A common stock subject to possible redemption(14,647,648)
Plus: 
Remeasurement on Class A common stock subject to possible redemption30,973,080 
Class A common stock subject to possible redemption, December 31, 2022
250,326,857 
Remeasurement on Class A common stock subject to possible redemption813,105 
Class A common stock subject to possible redemption, March 31, 2023
251,139,962 
Redemption of Class A common stock(210,031,815)
Remeasurement on Class A common stock subject to possible redemption1,082,415 
Class A common stock subject to possible redemption, June 30, 2023
42,190,562 
Remeasurement on Class A common stock subject to possible redemption233,048 
Class A common stock subject to possible redemption, September 30, 2023
$42,423,610 
Class A common stock subject to possible redemption is reflected on the balance sheet at December 31, 2022 as follows:
Gross proceeds from initial public offering$241,500,000 
Less:
Fair value allocated to public warrants(7,498,575)
Offering costs allocated to Class A common stock subject to possible redemption(14,647,648)
Plus: 
Re-measurement on Class A common stock subject to possible redemption30,973,080 
Class A common stock subject to possible redemption, December 31, 2022
$250,326,857