Wed, Jul 3, 9:21 PM (260 days ago)
Battery Future Acquisition Corp. filed an amendment to its Annual Report on Form 10-K for the year ended December 31, 2023, primarily to modify certain financial disclosures and include new Sarbanes-Oxley Act certifications. The amendment does not reflect post-March 29, 2024 events. Key financial highlights: - Cash and equivalents: $111,819 (down from $299,149 in 2022) - Trust Account: $56.7 million (down from $356.9 million in 2022) - Current liabilities: $4.7 million (up from $626,659 in 2022) - Net income: $5.3 million (down from $21.3 million in 2022) - Operating costs: $3.4 million (up from $1.6 million in 2022) - Weighted average shares outstanding: 20.7 million Class A and 8.6 million Class B - Basic and diluted EPS: $0.18 for both Class A and Class B (down from $0.49 in 2022) The company faces liquidity concerns and substantial doubt about its ability to continue as a going concern if a business combination is not completed by June 17, 2024.