Goal Acquisitions Corp. Files Q3 2024 10-Q
Sentiment: neutral
Topics: 10-Q, quarterly-report, blank-check-company, warrants
Related Tickers: PUCK
TL;DR
**Goal Acquisitions Corp. (PUCK) filed its Q3 10-Q. Details on common stock and warrants.**
AI Summary
Goal Acquisitions Corp. filed its 10-Q for the period ending September 30, 2024. The company, incorporated in Delaware, operates in the "Blank Checks" sector. Its principal executive offices are located at 13001 W. HWY 71, SUITE 201, AUSTIN, TX 78738. The filing covers the third quarter and the first nine months of the fiscal year.
Why It Matters
This filing provides investors with an update on Goal Acquisitions Corp.'s financial performance and operational status for the third quarter of 2024, crucial for understanding its ongoing business activities and potential future direction.
Risk Assessment
Risk Level: low — This filing is a routine quarterly report and does not contain immediate, significant negative news.
Key Numbers
- 20240930 — Reporting Period End Date (The 10-Q covers financial information up to this date.)
- 20241227 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
- 2024-01-01 — Fiscal Year Start Date (Beginning of the fiscal year for which the report provides data.)
Key Players & Entities
- Goal Acquisitions Corp. (company) — Filer of the 10-Q
- 0001836100 (company) — Central Index Key for Goal Acquisitions Corp.
- 6770 (company) — Standard Industrial Classification for 'BLANK CHECKS'
- DE (company) — State of Incorporation
- AUSTIN, TX (company) — Business and Mail Address City/State
- 11.50 (dollar_amount) — Exercise price for redeemable warrants
FAQ
What is the primary business of Goal Acquisitions Corp. as indicated by its SIC code?
Goal Acquisitions Corp. is classified under SIC code 6770, which corresponds to 'BLANK CHECKS'.
What is the exercise price for the redeemable warrants issued by Goal Acquisitions Corp.?
The redeemable warrants are exercisable at an exercise price of $11.50 per share.
When does Goal Acquisitions Corp.'s fiscal year end?
Goal Acquisitions Corp.'s fiscal year ends on December 31st.
What period does this 10-Q filing cover?
This 10-Q filing covers the period ending September 30, 2024, including the third quarter and the first nine months of the fiscal year.
Where are the principal executive offices of Goal Acquisitions Corp. located?
The principal executive offices are located at 13001 W. HWY 71, SUITE 201, AUSTIN, TX 78738.
Filing Stats: 4,693 words · 19 min read · ~16 pages · Grade level 18.5 · Accepted 2024-12-26 20:19:33
Key Financial Figures
- $0.0001 — PUCKU None Common stock, par value $0.0001 per share PUCK None Redeemable wa
- $11.50 — of common stock at an exercise price of $11.50 per share PUCKW None Indicate by
- $35 million — Company no longer satisfies the minimum $35 million market value of listed securities requi
Filing Documents
- form10-q.htm (10-Q) — 961KB
- ex31-1.htm (EX-31.1) — 19KB
- ex31-2.htm (EX-31.2) — 20KB
- ex32-1.htm (EX-32.1) — 8KB
- ex32-2.htm (EX-32.2) — 9KB
- 0001493152-24-052179.txt ( ) — 5579KB
- puck-20240930.xsd (EX-101.SCH) — 38KB
- puck-20240930_cal.xml (EX-101.CAL) — 38KB
- puck-20240930_def.xml (EX-101.DEF) — 240KB
- puck-20240930_lab.xml (EX-101.LAB) — 349KB
- puck-20240930_pre.xml (EX-101.PRE) — 302KB
- form10-q_htm.xml (XML) — 900KB
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION Item 1.
Financial Statements
Financial Statements 3 Condensed Balance Sheets as of September 30, 2024 (Unaudited) and December 31, 2023 3 Condensed Statements of Operations for the Three and Nine Months Ended September 30, 2024 and 2023 (Unaudited) 4 Condensed Statements of Changes in Stockholders' Deficit for the Three and Nine Months Ended September 30, 2024 and 2023 (Unaudited) 5 Condensed Statements of Cash Flows for the Nine Months Ended September 30, 2024 and 2023 (Unaudited) 6 Notes to Unaudited Condensed Financial Statements 7 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 22 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 27 Item 4.
Controls and Procedures
Controls and Procedures 27
OTHER INFORMATION
PART II. OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 28 Item 1A.
Risk Factors
Risk Factors 28 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 28 Item 3. Defaults Upon Senior Securities 28 Item 4. Mine Safety Disclosures 28 Item 5. Other Information 28 Item 6. Exhibits 29
Signatures
Signatures 30 -2- PART I – FINANCIAL INFORMATION Item 1. Financial Statements GOAL ACQUISITIONS CORP. CONDENSED BALANCE SHEETS September 30, 2024 December 31, 2023 (Unaudited) ASSETS CURRENT ASSETS: Cash $ — $ 303,746 Restricted Cash 2,141 — Prepaid expenses and other current assets 169,539 166,385 Due from Sponsor 1,559,470 — Forward Purchase Agreement proceeds receivable from Sponsor 14,000 — TOTAL CURRENT ASSETS 1,745,150 470,131 Marketable securities held in the trust account 1,889,883 2,862,207 TOTAL ASSETS $ 3,635,033 $ 3,332,338 LIABILITIES, REDEEMABLE COMMON STOCK AND STOCKHOLDERS' DEFICIT CURRENT LIABILITIES: Accounts payable and accrued expenses $ 6,347,795 $ 5,733,193 Due to Trust Account 1,559,470 — Sponsor loans issued under the Expense Advancement Agreement 2,000,000 2,000,000 Income taxes payable 1,829,833 1,508,539 Excise tax payable attributable to redemption of common stock 2,639,651 2,629,644 Advances - Related Party 942,232 677,232 TOTAL CURRENT LIABILITIES 15,318,981 12,548,608 Warrant liabilities 6,675 2,662 Forward Purchase Agreement liability 459,551 — TOTAL LIABILITIES 15,785,207 12,551,270 COMMITMENTS AND CONTINGENCIES (NOTE 6) - - Common stock subject to possible redemption, 173,017 and 266,350 shares at redemption value at September 30, 2024 and December 31, 2023, respectively 1,758,304 2,853,639 STOCKHOLDERS' DEFICIT Preferred stock, $ 0.0001 par value per share; 1,000,000 shares authorized; none issued and outstanding at September 30, 2024 and December 31, 2023 — — Common stock, $ 0.0001 par value per share; 100,000,000 shares authorized; 7,286,250 shares issued and outstanding at September 30, 2024 and December 31, 2023 729 729 Accumulated deficit ( 13,909,207 ) ( 12,073,300 ) TOTAL STOCKHOLDERS' DEFICIT ( 13,908,478 ) ( 12,072,571 ) TOTAL LIABILITIES, REDEEMABLE COMMON STOCK AND STOCKHOLDERS' DEFICIT $ 3,635,033