v3.23.1

Balance Sheets - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Current assets:
Cash	$ 180,109	$ 336,290
Prepaid expenses	30,013	258,410
Total current assets	210,122	594,700
Other assets:
Cash and marketable securities held in Trust Account	12,263,483	414,036,755
Total assets	12,473,605	414,631,455
Current liabilities:
Accounts payable and accrued expenses	500,117	211,474
Income taxes payable	1,111,143
Warrant liability	680,940	7,047,500
Promissory note payable - related party, at fair value	475,000
Total current liabilities	2,767,200	7,258,974
Deferred underwriting fee payable	14,490,000	14,490,000
Total liabilities	17,257,200	21,748,974
Commitments
Shares subject to possible redemption, 1,097,741 and 41,400,000, at December 31, 2022 and 2021, respectively, at redemption value	11,152,340	414,036,755
Stockholders’ Equity (Deficit):
Preferred shares, $0.0001 par value; 1,000,000 shares authorized; none outstanding
Class A common stock, $0.0001 par value; 200,000,000 shares authorized; 1,003,000 and 0 shares issued and outstanding (excluding 41,400,000 and 1,097,741 shares subject to possible redemption), at December 31, 2022 and 2021, respectively	100	100
Class B common stock, $0.0001 par value; 20,000,000 shares authorized; 10,350,000 shares issued and outstanding at December 31, 2022 and 2021	1,035	1,035
Additional paid in capital
Accumulated deficit	(15,937,070)	(21,155,409)
Total stockholders’ equity (deficit)	(15,935,935)	(21,154,274)
Total liabilities and stockholders’ equity (deficit)	$ 12,473,605	$ 414,631,455

Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity.

+ References

No definition available.

Thunder Bridge Capital Partners III Inc. 10-K