2024 Q1 Form 10-Q Financial Statement

#000121390024043149 Filed on May 15, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q1
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $322.0K $908.3K
YoY Change -64.55% 57.4%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $322.0K $908.3K
YoY Change -64.55% 57.41%
Operating Profit -$322.0K -$908.3K
YoY Change -64.55%
Interest Expense $260.7K $845.1K
YoY Change -69.15% 10762.34%
% of Operating Profit
Other Income/Expense, Net $260.7K $845.1K
YoY Change -69.15% 10766.53%
Pretax Income -$61.31K -$63.23K
YoY Change -3.03% -88.89%
Income Tax $8.849K $167.0K
% Of Pretax Income
Net Earnings -$70.16K -$230.2K
YoY Change -69.52% -59.56%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$0.02 -$0.02
COMMON SHARES
Basic Shares Outstanding 10.01M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q1 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.760K $137.6K
YoY Change -95.09% -84.72%
Cash & Equivalents $6.760K $350.8K
Short-Term Investments
Other Short-Term Assets $0.00 $78.31K
YoY Change -100.0% -69.98%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $6.760K $215.9K
YoY Change -96.87% -81.41%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles $5.000M
YoY Change
Long-Term Investments $24.03M $80.62M
YoY Change -70.19% 4.31%
Other Assets $161.5K $213.2K
YoY Change -24.27%
Total Long-Term Assets $24.19M $80.83M
YoY Change -70.07% 4.59%
TOTAL ASSETS
Total Short-Term Assets $6.760K $215.9K
Total Long-Term Assets $24.19M $80.83M
Total Assets $24.20M $81.04M
YoY Change -70.14% 3.31%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.701M $2.552M
YoY Change 5.86% 13691.99%
Accrued Expenses $130.0K $215.8K
YoY Change -39.77% 94.89%
Deferred Revenue
YoY Change
Short-Term Debt $3.219M $1.671M
YoY Change 92.7%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $6.979M $47.63M
YoY Change -85.35% 13693.93%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $2.705M $2.705M
YoY Change 0.0% 0.0%
Total Long-Term Liabilities $2.705M $2.705M
YoY Change 0.0% 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.979M $47.63M
Total Long-Term Liabilities $2.705M $2.705M
Total Liabilities $9.683M $50.34M
YoY Change -80.76% 1550.38%
SHAREHOLDERS EQUITY
Retained Earnings -$9.525M -$6.921M
YoY Change 37.64%
Common Stock $228.00 $228.00
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$9.525M -$6.921M
YoY Change
Total Liabilities & Shareholders Equity $24.20M $81.04M
YoY Change -70.14% 3.31%

Cashflow Statement

Concept 2024 Q1 2023 Q1
OPERATING ACTIVITIES
Net Income -$70.16K -$230.2K
YoY Change -69.52% -59.56%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$373.7K $42.46M
YoY Change -100.88% -14235.45%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $125.0K
YoY Change -100.0% -105.49%
Cash From Investing Activities -$125.0K
YoY Change -94.51%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $373.7K -$42.51M
YoY Change -100.88% -1967.12%
NET CHANGE
Cash From Operating Activities -$373.7K $42.46M
Cash From Investing Activities -$125.0K
Cash From Financing Activities $373.7K -$42.51M
Net Change In Cash $0.00 -$172.3K
YoY Change -100.0% -42.65%
FREE CASH FLOW
Cash From Operating Activities -$373.7K $42.46M
Capital Expenditures
Free Cash Flow
YoY Change

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CY2022Q4 us-gaap Business Combination Consideration Transferred Other1
BusinessCombinationConsiderationTransferredOther1
772769 usd
CY2023Q1 us-gaap Payments For Deposits
PaymentsForDeposits
125000 usd
CY2023Q1 us-gaap Share Price
SharePrice
10
CY2023Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
4097964 shares
CY2023Q1 us-gaap Temporary Equity Redemption Price Per Share
TemporaryEquityRedemptionPricePerShare
10.4
CY2023Q1 us-gaap Temporary Equity Aggregate Amount Of Redemption Requirement
TemporaryEquityAggregateAmountOfRedemptionRequirement
42600000 usd
CY2023Q2 wtma Shares Exercising Price
SharesExercisingPrice
42600000 usd
CY2023Q3 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1456871 shares
CY2023Q3 us-gaap Temporary Equity Redemption Price Per Share
TemporaryEquityRedemptionPricePerShare
10.79
CY2022Q3 wtma Percentage Of Excise Tax
PercentageOfExciseTax
0.01 pure
CY2023Q1 wtma Stockholders Redeemed Common Shares
stockholdersRedeemedCommonShares
4097964 shares
CY2023Q3 wtma Stockholders Redeemed Common Shares
stockholdersRedeemedCommonShares
1456871 shares
CY2023Q1 us-gaap Payable Common Stock Redeemed
PayableCommonStockRedeemed
42636600 usd
CY2023Q3 us-gaap Payable Common Stock Redeemed
PayableCommonStockRedeemed
15715387 usd
CY2023Q1 wtma Percentage Of Excise Tax
PercentageOfExciseTax
0.01 pure
CY2023 wtma Percentage Of Excise Tax
PercentageOfExciseTax
0.01 pure
CY2023Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
583520 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
6760 usd
CY2023Q4 us-gaap Restricted Cash
RestrictedCash
161449 usd
CY2023Q4 wtma Working Capital Amount
WorkingCapitalAmount
6972028 usd
CY2023 wtma Financial Term
FinancialTerm
P1Y
CY2024Q1 us-gaap Use Of Estimates
UseOfEstimates
<p style="margin: 0; text-align: justify"><i>Use of Estimates</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.25in">The preparation of unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited condensed consolidated financial statements. Making estimates requires management to exercise significant judgment. Such estimates may be subject to change as more current information becomes available and accordingly the actual results could differ significantly from those estimates. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the unaudited condensed consolidated financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Actual results could differ from those estimates.</p>
CY2024Q1 us-gaap Use Of Estimates
UseOfEstimates
<p style="margin: 0; text-align: justify"><i>Use of Estimates</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.25in">The preparation of unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited condensed consolidated financial statements. Making estimates requires management to exercise significant judgment. Such estimates may be subject to change as more current information becomes available and accordingly the actual results could differ significantly from those estimates. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the unaudited condensed consolidated financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Actual results could differ from those estimates.</p>
CY2023 wtma Cash Withdrawn From Trust Account In Connection With Redemption
CashWithdrawnFromTrustAccountInConnectionWithRedemption
58351987 usd
CY2022Q4 wtma Payment Of Franchise Taxes
PaymentOfFranchiseTaxes
85232 usd
CY2023Q1 us-gaap Restricted Cash
RestrictedCash
213182 usd
CY2023Q2 us-gaap Restricted Cash
RestrictedCash
142851 usd
CY2024Q1 wtma Withdrawn Trust Account For Taxes
WithdrawnTrustAccountForTaxes
741013 usd
CY2024Q1 wtma Franchise And Income Taxes
FranchiseAndIncomeTaxes
579564 usd
CY2024Q1 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
161449 usd
CY2022Q4 wtma Payment Of Franchise Taxes
PaymentOfFranchiseTaxes
85232 usd
CY2023Q1 us-gaap Restricted Cash
RestrictedCash
213182 usd
CY2023Q2 us-gaap Restricted Cash
RestrictedCash
142851 usd
CY2024Q1 wtma Withdrawn Trust Account For Taxes
WithdrawnTrustAccountForTaxes
741013 usd
CY2024Q1 wtma Offering Costs Associated With The Ipo And Overallotment
OfferingCostsAssociatedWithTheIPOAndOverallotment
<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><i>Offering Costs associated with the IPO and over-allotment</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.25in">Offering costs consist principally of legal, accounting, underwriting fees and other costs directly related to the IPO. Offering costs of the IPO amounted to $4,663,218, which was charged against additional paid-in capital and common stock subject to redemption upon the completion of the IPO. Subsequently, additional offering cost of $125,228 was incurred with the Over-allotment in January 2022 and was also charged against additional paid-in capital and common stock subject to redemption in January 2022.</p>
CY2024Q1 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><i>Concentration of Credit Risk</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.25in">Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in a financial institution, which, at times, may exceed the Federal Depository Insurance Corporation limit. As of March 31, 2024, the Company has not experienced losses on these accounts and management believes the Company is not exposed to significant risks on such account.</p>
CY2024Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.1443 pure
CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
2.6406 pure
CY2024Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2023Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2024Q1 wtma Offering Costs Associated With The Ipo And Overallotment
OfferingCostsAssociatedWithTheIPOAndOverallotment
<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><i>Offering Costs associated with the IPO and over-allotment</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.25in">Offering costs consist principally of legal, accounting, underwriting fees and other costs directly related to the IPO. Offering costs of the IPO amounted to $4,663,218, which was charged against additional paid-in capital and common stock subject to redemption upon the completion of the IPO. Subsequently, additional offering cost of $125,228 was incurred with the Over-allotment in January 2022 and was also charged against additional paid-in capital and common stock subject to redemption in January 2022.</p>
CY2024Q1 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><i>Concentration of Credit Risk</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify; text-indent: 0.25in">Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in a financial institution, which, at times, may exceed the Federal Depository Insurance Corporation limit. As of March 31, 2024, the Company has not experienced losses on these accounts and management believes the Company is not exposed to significant risks on such account.</p>
CY2024Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.1443 pure
CY2023Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
2.6406 pure
CY2023Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2023Q1 us-gaap Excess Stock Shares Issued
ExcessStockSharesIssued
4097964 shares
CY2023Q1 us-gaap Excess Stock Shares Issued
ExcessStockSharesIssued
4097964 shares
CY2023Q1 wtma Aggregate Redemption Amount
AggregateRedemptionAmount
42600000 usd
CY2023Q3 us-gaap Shares Subject To Mandatory Redemption Settlement Terms Amount
SharesSubjectToMandatoryRedemptionSettlementTermsAmount
1456871 usd
CY2023Q3 wtma Aggregate Redemption Amount
AggregateRedemptionAmount
15700000 usd
CY2023Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
23850678 usd
CY2024Q1 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
189223 usd
CY2024Q1 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
24039901 usd
CY2023Q1 wtma Aggregate Redemption Amount
AggregateRedemptionAmount
42600000 usd
CY2023Q3 us-gaap Shares Subject To Mandatory Redemption Settlement Terms Amount
SharesSubjectToMandatoryRedemptionSettlementTermsAmount
1456871 usd
CY2023Q3 wtma Aggregate Redemption Amount
AggregateRedemptionAmount
15700000 usd
CY2023Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
23850678 usd
CY2024Q1 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
189223 usd
CY2024Q1 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
24039901 usd
CY2024Q1 wtma Number Of Shares Issued Per Unit
NumberOfSharesIssuedPerUnit
1 shares
CY2024Q1 wtma Number Of Shares Right To Receive
NumberOfSharesRightToReceive
1 shares
CY2024Q1 wtma Number Of Shares Issued Per Unit
NumberOfSharesIssuedPerUnit
1 shares
CY2024Q1 wtma Number Of Shares Right To Receive
NumberOfSharesRightToReceive
1 shares
CY2024Q1 wtma Number Of Shares Right To Receive
NumberOfSharesRightToReceive
1 shares
CY2022Q1 wtma Aggregate Purchase Price
AggregatePurchasePrice
45540 usd
CY2024Q1 wtma Limited Exception
LimitedException
0.50 pure
CY2024Q1 wtma Transfer Assign Or Sell Any Shares Or Warrants After Completion Of Initial Business Combination Threshold Trading Days
TransferAssignOrSellAnySharesOrWarrantsAfterCompletionOfInitialBusinessCombinationThresholdTradingDays
P20D
CY2024Q1 wtma Transfer Assign Or Sell Any Shares Or Warrants After Completion Of Initial Business Combination Threshold Consecutive Trading Days
TransferAssignOrSellAnySharesOrWarrantsAfterCompletionOfInitialBusinessCombinationThresholdConsecutiveTradingDays
P30D
CY2022Q1 us-gaap Sale Of Stock Consideration Received Per Transaction
SaleOfStockConsiderationReceivedPerTransaction
259136 usd
CY2024Q1 us-gaap Professional And Contract Services Expense
ProfessionalAndContractServicesExpense
30000 usd
CY2023 us-gaap Professional And Contract Services Expense
ProfessionalAndContractServicesExpense
120000 usd
CY2023 wtma Due To Affiliates
DueToAffiliates
88000 usd
CY2023 us-gaap Sponsor Fees
SponsorFees
6000 usd
CY2023 wtma Accrued Services
AccruedServices
26000 usd
CY2024Q1 wtma Working Capital Loans
WorkingCapitalLoans
1500000 usd
CY2024Q1 wtma Balance Outstanding Working Capital Notes
BalanceOutstandingWorkingCapitalNotes
922837 usd
CY2023 wtma Balance Outstanding Working Capital Notes
BalanceOutstandingWorkingCapitalNotes
549100 usd
CY2024Q1 wtma Balance Outstanding Promisorry Note
BalanceOutstandingPromisorryNote
2296371 usd
CY2023 wtma Balance Outstanding Promisorry Note
BalanceOutstandingPromisorryNote
2296371 usd
CY2024Q1 us-gaap Convertible Debt Current
ConvertibleDebtCurrent
3219208 usd
CY2023Q4 us-gaap Convertible Debt Current
ConvertibleDebtCurrent
2845471 usd
CY2021Q4 us-gaap Sponsor Fees
SponsorFees
10000 usd
CY2024Q1 us-gaap Related Party Tax Expense Due To Affiliates Current
RelatedPartyTaxExpenseDueToAffiliatesCurrent
30000 usd
CY2023Q1 us-gaap Related Party Tax Expense Due To Affiliates Current
RelatedPartyTaxExpenseDueToAffiliatesCurrent
30000 usd
CY2024Q1 wtma Underwriting Fee Per Unit
UnderwritingFeePerUnit
0.2
CY2024Q1 wtma Sale Of Stock Underwriting Fees
SaleOfStockUnderwritingFees
1545537 usd
CY2024Q1 wtma Additional Underwriting Payable Per Share
AdditionalUnderwritingPayablePerShare
0.35
CY2024Q1 wtma Deferred Underwriting Fee Payable Non Current
DeferredUnderwritingFeePayableNonCurrent
2704690 usd
CY2023Q3 us-gaap Net Shares Reclassified To Mandatorily Redeemable Capital Stock Shares
NetSharesReclassifiedToMandatorilyRedeemableCapitalStockShares
2432185 shares
CY2023Q3 us-gaap Shares Issued
SharesIssued
500000 shares
CY2023Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
100000 shares
CY2024Q1 wtma Number Of Shares Issued Per Unit
NumberOfSharesIssuedPerUnit
1 shares
CY2024Q1 wtma Number Of Shares Right To Receive
NumberOfSharesRightToReceive
1 shares
CY2022Q1 wtma Aggregate Purchase Price
AggregatePurchasePrice
45540 usd
CY2024Q1 wtma Limited Exception
LimitedException
0.50 pure
CY2024Q1 wtma Transfer Assign Or Sell Any Shares Or Warrants After Completion Of Initial Business Combination Threshold Trading Days
TransferAssignOrSellAnySharesOrWarrantsAfterCompletionOfInitialBusinessCombinationThresholdTradingDays
P20D
CY2024Q1 wtma Transfer Assign Or Sell Any Shares Or Warrants After Completion Of Initial Business Combination Threshold Consecutive Trading Days
TransferAssignOrSellAnySharesOrWarrantsAfterCompletionOfInitialBusinessCombinationThresholdConsecutiveTradingDays
P30D
CY2022Q1 us-gaap Sale Of Stock Consideration Received Per Transaction
SaleOfStockConsiderationReceivedPerTransaction
259136 usd
CY2024Q1 us-gaap Professional And Contract Services Expense
ProfessionalAndContractServicesExpense
30000 usd
CY2023 us-gaap Professional And Contract Services Expense
ProfessionalAndContractServicesExpense
120000 usd
CY2023 wtma Due To Affiliates
DueToAffiliates
88000 usd
CY2023 us-gaap Sponsor Fees
SponsorFees
6000 usd
CY2023 wtma Accrued Services
AccruedServices
26000 usd
CY2024Q1 wtma Working Capital Loans
WorkingCapitalLoans
1500000 usd
CY2024Q1 wtma Balance Outstanding Working Capital Notes
BalanceOutstandingWorkingCapitalNotes
922837 usd
CY2024Q1 wtma Balance Outstanding Promisorry Note
BalanceOutstandingPromisorryNote
2296371 usd
CY2023 wtma Balance Outstanding Promisorry Note
BalanceOutstandingPromisorryNote
2296371 usd
CY2023Q4 us-gaap Convertible Debt Current
ConvertibleDebtCurrent
2845471 usd
CY2021Q4 us-gaap Sponsor Fees
SponsorFees
10000 usd
CY2024Q1 us-gaap Related Party Tax Expense Due To Affiliates Current
RelatedPartyTaxExpenseDueToAffiliatesCurrent
30000 usd
CY2023Q1 us-gaap Related Party Tax Expense Due To Affiliates Current
RelatedPartyTaxExpenseDueToAffiliatesCurrent
30000 usd
CY2024Q1 wtma Underwriting Fee Per Unit
UnderwritingFeePerUnit
0.2
CY2024Q1 wtma Sale Of Stock Underwriting Fees
SaleOfStockUnderwritingFees
1545537 usd
CY2024Q1 wtma Additional Underwriting Payable Per Share
AdditionalUnderwritingPayablePerShare
0.35
CY2024Q1 wtma Deferred Underwriting Fee Payable Non Current
DeferredUnderwritingFeePayableNonCurrent
2704690 usd
CY2023Q3 us-gaap Net Shares Reclassified To Mandatorily Redeemable Capital Stock Shares
NetSharesReclassifiedToMandatorilyRedeemableCapitalStockShares
2432185 shares
CY2023Q3 us-gaap Shares Issued
SharesIssued
500000 shares
CY2023Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
100000 shares
CY2024Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2024Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
2283976 shares
CY2024Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2024Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2024Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
2283976 shares
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
2283976 shares
CY2024Q1 us-gaap Temporary Equity Shares Issued
TemporaryEquitySharesIssued
2172851 shares
CY2023Q4 us-gaap Temporary Equity Shares Issued
TemporaryEquitySharesIssued
2172851 shares
CY2024Q1 wtma Cash Withdrawn From Trust Account In Connection With Redemption
CashWithdrawnFromTrustAccountInConnectionWithRedemption
58351987 usd
CY2024Q1 wtma Interest Earned On The Trust Account
InterestEarnedOnTheTrustAccount
1391640 usd
CY2024Q1 wtma Interest Earned On Trust Account To Pay Franchise And Income Taxes
InterestEarnedOnTrustAccountToPayFranchiseAndIncomeTaxes
741013 usd
CY2024Q1 us-gaap Restricted Cash Current
RestrictedCashCurrent
161449 usd
CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q1 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
usd
CY2023Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
usd
CY2024Q1 wtma Increase Decrease In Due To Stockholders For Redemption Of Common Stock
IncreaseDecreaseInDueToStockholdersForRedemptionOfCommonStock
usd
CY2024Q1 us-gaap Payments To Invest In Decommissioning Fund
PaymentsToInvestInDecommissioningFund
usd
CY2024Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
usd
CY2024Q1 wtma Payment To Redeem Common Stock
PaymentToRedeemCommonStock
usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
usd
CY2024Q1 dei Amendment Flag
AmendmentFlag
false
CY2024Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
2283976 shares
CY2024Q1 us-gaap Temporary Equity Shares Issued
TemporaryEquitySharesIssued
2172851 shares
CY2023Q4 us-gaap Temporary Equity Shares Issued
TemporaryEquitySharesIssued
2172851 shares
CY2024Q1 wtma Cash Withdrawn From Trust Account In Connection With Redemption
CashWithdrawnFromTrustAccountInConnectionWithRedemption
58351987 usd
CY2024Q1 wtma Interest Earned On Trust Account To Pay Franchise And Income Taxes
InterestEarnedOnTrustAccountToPayFranchiseAndIncomeTaxes
741013 usd
CY2024Q1 us-gaap Restricted Cash Current
RestrictedCashCurrent
161449 usd
CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q1 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
usd
CY2023Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
usd
CY2023Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2024Q1 wtma Increase Decrease In Due To Stockholders For Redemption Of Common Stock
IncreaseDecreaseInDueToStockholdersForRedemptionOfCommonStock
usd
CY2024Q1 us-gaap Payments To Invest In Decommissioning Fund
PaymentsToInvestInDecommissioningFund
usd
CY2024Q1 dei Amendment Flag
AmendmentFlag
false
CY2024Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2024Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2024Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001866226
CY2024Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2024Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001866226

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