|
FY2021
12 months to Dec 31, 2021
|
FY2019
12 months to Jun 30, 2020
|
|
|---|---|---|
| Cash Flows from Operating Activities: | ||
| Net income (loss) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Change in fair value of derivative warrant liabilities | ||
| Expenses of forward share purchase | ||
| Change in fair value of derivative forward share purchase | ||
| Interest earned on investments held in Trust Account | ||
| Changes in operating assets and liabilities | ||
| Advance from related party | ||
| Accrued expenses | ||
| Prepaid expenses | ||
| Net cash used in operating activities | ||
| Cash Flows from Investing Activities: | ||
| Investment of cash into Trust Account | ||
| Withdrawal from trust account upon redemption of 10,534,895 ordinary shares | ||
| Investment held in trust account | ||
| Net cash used in investing activities | ||
| Cash Flows from Financing Activities: | ||
| Repayment of promissory note payable – related party | ||
| Redemption of 10,534,895 ordinary shares | ||
| Proceeds from sale of 350,000 private placement units | ||
| Proceeds from sale of 13,800,000 units, net of underwriting discount paid | ||
| Promissory notes payable to shareholders | ||
| Promissory notes payable - related party | ||
| Proceeds from extension loans - related party | ||
| Offering cost | ||
| Net cash provided by (used in) financing activities | ||
| Net Change in Cash | ||
| Cash - Beginning of period | ||
| Cash - End of period | ||
| Net Change in Cash | ||
| Cash - Beginning of period | ||
| Cash - End of period | ||
| Non-Cash Investing and Financing Activities | ||
| Initial classification of ordinary shares subject to possible redemption | ||
| Change in value of ordinary shares subject to possible redemption | ||
| Deferred underwriting commissions charged to equity |
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