2024 Q4 Form 10-Q Financial Statement

#000121390024099817 Filed on November 19, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2023 Q4
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $225.5K $328.5K
YoY Change -62.76% -75.27%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $225.5K $328.5K
YoY Change -62.76% -75.27%
Operating Profit -$225.5K
YoY Change -62.76%
Interest Expense $180.5K $313.6K
YoY Change -64.45% -52.49%
% of Operating Profit
Other Income/Expense, Net $180.5K
YoY Change -64.45%
Pretax Income -$44.97K -$14.94K
YoY Change -53.94% -97.77%
Income Tax $35.73K $0.00
% Of Pretax Income
Net Earnings -$80.70K -$14.94K
YoY Change -149.12% -98.12%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$0.02 $0.00
COMMON SHARES
Basic Shares Outstanding 3.367M shares 3.367M shares 4.457M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q4 2024 Q3 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.190K $6.760K
YoY Change -98.74% -97.82%
Cash & Equivalents $1.185K $6.760K
Short-Term Investments
Other Short-Term Assets $20.25K $830.00
YoY Change -51.92% -96.68%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $21.44K $7.593K
YoY Change -84.32% -97.73%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles $5.000M
YoY Change 0.0%
Long-Term Investments $12.23M $23.77M
YoY Change -69.13% -70.16%
Other Assets $0.00 $161.5K
YoY Change -100.0% -24.27%
Total Long-Term Assets $12.23M $23.93M
YoY Change -69.29% -70.03%
TOTAL ASSETS
Total Short-Term Assets $21.44K $7.593K
Total Long-Term Assets $12.23M $23.93M
Total Assets $12.25M $23.94M
YoY Change -69.34% -70.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.773M $2.846M
YoY Change -0.69% 56.5%
Accrued Expenses $28.43K $80.00K
YoY Change -91.54% -51.03%
Deferred Revenue
YoY Change
Short-Term Debt $3.589M $2.845M
YoY Change 29.08% 84.11%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $7.550M $6.649M
YoY Change -66.68% 69.88%
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 $7.550M $6.649M
Total Long-Term Liabilities $2.705M $2.705M
Total Liabilities $10.25M $9.353M
YoY Change -59.57% 41.32%
SHAREHOLDERS EQUITY
Retained Earnings -$10.13M -$9.266M
YoY Change 12.75% 56.0%
Common Stock $228.00 $228.00
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$10.13M -$9.266M
YoY Change
Total Liabilities & Shareholders Equity $12.25M $23.94M
YoY Change -69.34% -70.15%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2023 Q4
OPERATING ACTIVITIES
Net Income -$80.70K -$14.94K
YoY Change -149.12% -98.12%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$361.5K -$647.2K
YoY Change 3.2% 205.68%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $12.22M $16.16M
YoY Change -8065.96% -3506.34%
Cash From Investing Activities $12.22M $16.16M
YoY Change -8065.96% -3506.34%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -12.03M -15.65M
YoY Change -1729.04% -2125.23%
NET CHANGE
Cash From Operating Activities -361.5K -647.2K
Cash From Investing Activities 12.22M 16.16M
Cash From Financing Activities -12.03M -15.65M
Net Change In Cash -169.4K -139.5K
YoY Change -172.18% -260.93%
FREE CASH FLOW
Cash From Operating Activities -$361.5K -$647.2K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2024Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
shares
CY2024Q3 us-gaap Preferred Stock Value
PreferredStockValue
usd
CY2023Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
shares
CY2024Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
shares
CY2023Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
shares
CY2023Q4 us-gaap Preferred Stock Value
PreferredStockValue
usd
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
87-1006702
dei Entity Address Address Line1
EntityAddressAddressLine1
4422 N. Ravenswood Ave #1025
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
60640
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
true
CY2023Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2024Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
usd
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2024-09-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2024
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
001-41183
dei Entity Registrant Name
EntityRegistrantName
Welsbach Technology Metals Acquisition Corp.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Address City Or Town
EntityAddressCityOrTown
Chicago
dei Entity Address State Or Province
EntityAddressStateOrProvince
IL
dei City Area Code
CityAreaCode
+1 (251)
dei Local Phone Number
LocalPhoneNumber
-280-1980
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Ex Transition Period
EntityExTransitionPeriod
false
dei Entity Shell Company
EntityShellCompany
true
CY2024Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
3366765 shares
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1185 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
6760 usd
CY2024Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
20250 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
833 usd
CY2024Q3 us-gaap Assets Current
AssetsCurrent
21435 usd
CY2023Q4 us-gaap Assets Current
AssetsCurrent
7593 usd
CY2023Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
161449 usd
CY2024Q3 us-gaap Assets Held In Trust Noncurrent
AssetsHeldInTrustNoncurrent
12230126 usd
CY2023Q4 us-gaap Assets Held In Trust Noncurrent
AssetsHeldInTrustNoncurrent
23769229 usd
CY2024Q3 us-gaap Assets
Assets
12251561 usd
CY2023Q4 us-gaap Assets
Assets
23938271 usd
CY2024Q3 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
2772502 usd
CY2023Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
2846126 usd
CY2024Q3 wtma Franchise Tax Payable Current
FranchiseTaxPayableCurrent
28427 usd
CY2023Q4 wtma Franchise Tax Payable Current
FranchiseTaxPayableCurrent
80000 usd
CY2024Q3 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
70828 usd
CY2024Q3 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
705718 usd
CY2023Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
583520 usd
CY2024Q3 wtma Working Capital Loans Related Party Current
WorkingCapitalLoansRelatedPartyCurrent
1292679 usd
CY2023Q4 wtma Working Capital Loans Related Party Current
WorkingCapitalLoansRelatedPartyCurrent
549100 usd
CY2024Q3 us-gaap Liabilities Current
LiabilitiesCurrent
7550188 usd
CY2023Q4 us-gaap Liabilities Current
LiabilitiesCurrent
6648780 usd
CY2024Q3 wtma Deferred Underwriting Fee Payable Non Current
DeferredUnderwritingFeePayableNonCurrent
2704690 usd
CY2023Q4 wtma Deferred Underwriting Fee Payable Non Current
DeferredUnderwritingFeePayableNonCurrent
2704690 usd
CY2024Q3 us-gaap Liabilities
Liabilities
10254878 usd
CY2023Q4 us-gaap Liabilities
Liabilities
9353470 usd
CY2024Q3 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
0.0001
CY2023Q4 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
0.0001
CY2024Q3 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
1082789 shares
CY2024Q3 us-gaap Temporary Equity Redemption Price Per Share
TemporaryEquityRedemptionPricePerShare
11.2
CY2023Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
2172851 shares
CY2023Q4 us-gaap Temporary Equity Redemption Price Per Share
TemporaryEquityRedemptionPricePerShare
10.98
CY2024Q3 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
12130098 usd
CY2023Q4 us-gaap Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
23850678 usd
CY2024Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2023Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2024Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2023Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2024Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2024Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2024Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
2283976 shares
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
2283976 shares
CY2024Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
2283976 shares
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
2283976 shares
CY2024Q3 us-gaap Common Stock Value
CommonStockValue
228 usd
CY2023Q4 us-gaap Common Stock Value
CommonStockValue
228 usd
CY2024Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-10133643 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-9266105 usd
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
-10133415 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
-9265877 usd
CY2024Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
12251561 usd
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
23938271 usd
CY2024Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
215108 usd
CY2023Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
544383 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
757950 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1721711 usd
CY2024Q3 wtma Franchise Tax
FranchiseTax
10400 usd
CY2023Q3 wtma Franchise Tax
FranchiseTax
61141 usd
wtma Franchise Tax
FranchiseTax
117212 usd
wtma Franchise Tax
FranchiseTax
172771 usd
CY2024Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-225508 usd
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-605524 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-875162 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-1894482 usd
CY2024Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
180541 usd
CY2023Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
507906 usd
us-gaap Investment Income Interest
InvestmentIncomeInterest
699861 usd
us-gaap Investment Income Interest
InvestmentIncomeInterest
1855102 usd
CY2024Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
180541 usd
CY2023Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
507906 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
699861 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
1855102 usd
CY2024Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-44967 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-97618 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-175301 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-39380 usd
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
35730 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-261911 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
70828 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
-80697 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
164293 usd
us-gaap Net Income Loss
NetIncomeLoss
-246129 usd
us-gaap Net Income Loss
NetIncomeLoss
-39380 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
-9265877 usd
CY2024Q1 us-gaap Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
189223 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
-70160 usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
-9525260 usd
CY2024Q2 us-gaap Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
175577 usd
CY2024Q2 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
-122198 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
-95272 usd
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
-9918307 usd
CY2024Q3 us-gaap Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
134411 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
-80697 usd
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
-10133415 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
-5939636 usd
CY2023Q1 us-gaap Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
750670 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-230201 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
-6920507 usd
CY2023Q2 us-gaap Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
722985 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
26528 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
-7616964 usd
CY2023Q3 us-gaap Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
951187 usd
CY2023Q3 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
-583520 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
164293 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
-8987378 usd
us-gaap Net Income Loss
NetIncomeLoss
-246129 usd
us-gaap Net Income Loss
NetIncomeLoss
-39380 usd
us-gaap Investment Income Interest
InvestmentIncomeInterest
699861 usd
us-gaap Investment Income Interest
InvestmentIncomeInterest
1855102 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
19417 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
17121 usd
us-gaap Increase Decrease In Due To Affiliates Current
IncreaseDecreaseInDueToAffiliatesCurrent
90000 usd
us-gaap Increase Decrease In Due To Affiliates Current
IncreaseDecreaseInDueToAffiliatesCurrent
58000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-73624 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
973107 usd
wtma Increase Decrease In Franchise Tax Payable
IncreaseDecreaseInFranchiseTaxPayable
-51573 usd
wtma Increase Decrease In Franchise Tax Payable
IncreaseDecreaseInFranchiseTaxPayable
172771 usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
70828 usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
7489 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-929776 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-700236 usd
wtma Payments For Cash Deposited To Trust Account
PaymentsForCashDepositedToTrustAccount
750000 usd
us-gaap Origination Of Notes Receivable From Related Parties
OriginationOfNotesReceivableFromRelatedParties
124166 usd
us-gaap Repayment Of Notes Receivable From Related Parties
RepaymentOfNotesReceivableFromRelatedParties
124166 usd
wtma Proceeds From Trust Accounts In Connection With Redemption
ProceedsFromTrustAccountsInConnectionWithRedemption
12219791 usd
wtma Proceeds From Trust Accounts In Connection With Redemption
ProceedsFromTrustAccountsInConnectionWithRedemption
42636600 usd
wtma Proceeds From Trust Account To Pay Franchise And Income Taxes
ProceedsFromTrustAccountToPayFranchiseAndIncomeTaxes
19173 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
12238964 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
41886600 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
12219791 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
42636600 usd
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
1234934 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
743579 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-11476212 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-41401666 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-167024 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-215302 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
168209 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
523063 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1185 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
307761 usd
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1185 usd
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
94579 usd
CY2023Q3 us-gaap Restricted Cash
RestrictedCash
213182 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1185 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
307761 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
12610 usd
wtma Franchise Taxes
FranchiseTaxes
168785 usd
wtma Accretion For Redeemable Common Stock To Redemption Value
AccretionForRedeemableCommonStockToRedemptionValue
499211 usd
wtma Accretion For Redeemable Common Stock To Redemption Value
AccretionForRedeemableCommonStockToRedemptionValue
2424842 usd
wtma Excise Tax On Redemption Of Common Stock
ExciseTaxOnRedemptionOfCommonStock
122198 usd
wtma Excise Tax On Redemption Of Common Stock
ExciseTaxOnRedemptionOfCommonStock
583520 usd
wtma Due To Stockholder For Redemption Of Common Stock
DueToStockholderForRedemptionOfCommonStock
15715387 usd
dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
2021-05-27
wtma Underwriters Option Period
UnderwritersOptionPeriod
P45D
CY2024Q3 wtma Deferred Underwriting Fee Payable Non Current
DeferredUnderwritingFeePayableNonCurrent
2704690 usd
wtma Investment Maturity Days
InvestmentMaturityDays
P185D
CY2024Q3 us-gaap Share Price
SharePrice
10
CY2024Q3 us-gaap Other Assets
OtherAssets
5000001 usd
CY2024Q3 wtma Percentage Of Public Share Sold In Initial Public Offering
PercentageOfPublicShareSoldInInitialPublicOffering
0.20 pure
CY2024Q3 wtma Percentage Of Obligation To Redeem Public Shares
PercentageOfObligationToRedeemPublicShares
1 pure
wtma Dissolution Expenses
DissolutionExpenses
100000 usd
CY2022Q3 us-gaap Assets Held In Trust
AssetsHeldInTrust
772769 usd
CY2022Q4 us-gaap Assets Held In Trust
AssetsHeldInTrust
772769 usd
CY2023Q1 us-gaap Temporary Equity Aggregate Amount Of Redemption Requirement
TemporaryEquityAggregateAmountOfRedemptionRequirement
42600000 usd
us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
1125000 shares
CY2024Q3 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
6200000000 usd
CY2022Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.01 pure
wtma Percentage Of Excise Tax
PercentageOfExciseTax
0.01 pure
wtma Percentage Of Additional Interest And Penalities
PercentageOfAdditionalInterestAndPenalities
0.10 pure
wtma Percentage Of Underpayment Penalty
PercentageOfUnderpaymentPenalty
0.05 pure
wtma Percentage Of Total Liability
PercentageOfTotalLiability
0.25 pure
wtma Percentage Of Shares Redeemed
PercentageOfSharesRedeemed
0.01 pure
wtma Percentage Of Excise Tax
PercentageOfExciseTax
0.01 pure
CY2024Q3 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
705718 usd
CY2023Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
583520 usd
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1185 usd
CY2024Q3 wtma Working Capital Deficit
WorkingCapitalDeficit
7528753 usd
us-gaap Use Of Estimates
UseOfEstimates
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Use of Estimates</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; 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><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
wtma Proceeds From Trust Accounts In Connection With Redemption
ProceedsFromTrustAccountsInConnectionWithRedemption
12219791 usd
wtma Cash Withdrawn From Trust Account To Pay Franchise And Income Taxes
CashWithdrawnFromTrustAccountToPayFranchiseAndIncomeTaxes
19173 usd
CY2023 wtma Cash Withdrawn From Trust Account
CashWithdrawnFromTrustAccount
741013 usd
CY2023 wtma Cash Withdrawn From Trust Account To Pay Franchise And Income Taxes
CashWithdrawnFromTrustAccountToPayFranchiseAndIncomeTaxes
579564 usd
CY2023Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
161449 usd
wtma Offering Costs Associated With The Ipo And Overallotment
OfferingCostsAssociatedWithTheIPOAndOverallotment
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Offering Costs associated with the IPO and over-allotment</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; 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>
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Concentration of Credit Risk</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; 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 September 30, 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>
CY2024Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.7946 pure
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
2.683 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.404 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0 pure
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2023Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2024Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2024Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
CY2023Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
CY2024Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0 usd
CY2023Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
7489 usd
us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
12610 usd
us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
7489 usd
CY2024Q3 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
1082789 shares
CY2023Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
2172851 shares
wtma Limited Exception
LimitedException
0.50 pure
wtma Number Of Trading Days
NumberOfTradingDays
P20D
wtma Trading Day Period Commencing After Business Combination
TradingDayPeriodCommencingAfterBusinessCombination
P30D
wtma Percentage Of Remaining Founder Shares
PercentageOfRemainingFounderShares
0.50 pure
CY2023 us-gaap Sponsor Fees
SponsorFees
6000 usd
CY2023 wtma Accrued Support Services
AccruedSupportServices
26000 usd
CY2023Q3 wtma Drawn From Promissory Note
DrawnFromPromissoryNote
100 usd
wtma Working Capital Notes Exceed Amount
WorkingCapitalNotesExceedAmount
1500000 usd
CY2024Q3 wtma Working Capital Loans Related Party Current
WorkingCapitalLoansRelatedPartyCurrent
1292679 usd
CY2023Q4 wtma Working Capital Loans Related Party Current
WorkingCapitalLoansRelatedPartyCurrent
549100 usd
CY2021Q4 us-gaap Sponsor Fees
SponsorFees
10000 usd
us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
90000 usd
CY2023Q3 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
30000 usd
wtma Underwriters Option Period
UnderwritersOptionPeriod
P45D
CY2024Q3 wtma Underwriting Fee Per Unit
UnderwritingFeePerUnit
0.2
CY2024Q3 wtma Sale Of Stock Underwriting Fees
SaleOfStockUnderwritingFees
1545537 usd
wtma Additional Underwriting Payable Per Share
AdditionalUnderwritingPayablePerShare
0.35
CY2024Q3 wtma Deferred Underwriting Fee Payable Non Current
DeferredUnderwritingFeePayableNonCurrent
2704690 usd
CY2023Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
100000 shares
CY2024Q2 us-gaap Assets Held In Trust Current
AssetsHeldInTrustCurrent
10000000 usd
CY2024Q3 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
6200000000 usd
CY2024Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2024Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2024Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
2283976 shares
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
2283976 shares
CY2024Q3 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
1082789 shares
wtma Cash Withdrawn From Trust Account In Connection With Redemption
CashWithdrawnFromTrustAccountInConnectionWithRedemption
70571778 usd
wtma Interest Earned On Trust Account To Pay Franchise And Income Taxes
InterestEarnedOnTrustAccountToPayFranchiseAndIncomeTaxes
760186 usd
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
usd
CY2023Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
usd
CY2024Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2023Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
usd
wtma Payments For Cash Deposited To Trust Account
PaymentsForCashDepositedToTrustAccount
usd
us-gaap Origination Of Notes Receivable From Related Parties
OriginationOfNotesReceivableFromRelatedParties
usd
us-gaap Repayment Of Notes Receivable From Related Parties
RepaymentOfNotesReceivableFromRelatedParties
usd
wtma Proceeds From Trust Account To Pay Franchise And Income Taxes
ProceedsFromTrustAccountToPayFranchiseAndIncomeTaxes
usd
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
usd
CY2024Q3 us-gaap Restricted Cash
RestrictedCash
usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
usd
wtma Franchise Taxes
FranchiseTaxes
usd
wtma Due To Stockholder For Redemption Of Common Stock
DueToStockholderForRedemptionOfCommonStock
usd
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Central Index Key
EntityCentralIndexKey
0001866226

Files In Submission

Name View Source Status
FilingSummary.xml Edgar Link unprocessable
0001213900-24-099817-index-headers.html Edgar Link pending
0001213900-24-099817-index.html Edgar Link pending
0001213900-24-099817.txt Edgar Link pending
0001213900-24-099817-xbrl.zip Edgar Link pending
ea0221606-10q_welsbach.htm Edgar Link pending
ea022160601ex31-1_welsbach.htm Edgar Link pending
ea022160601ex31-2_welsbach.htm Edgar Link pending
ea022160601ex32-1_welsbach.htm Edgar Link pending
ea022160601ex32-2_welsbach.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
wtma-20240930.xsd Edgar Link pending
wtma-20240930_cal.xml Edgar Link unprocessable
wtma-20240930_pre.xml Edgar Link unprocessable
wtma-20240930_lab.xml Edgar Link unprocessable
ea0221606-10q_welsbach_htm.xml Edgar Link completed
wtma-20240930_def.xml Edgar Link unprocessable