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FY2022
12 months to Dec 31, 2022
|
FY2021
12 months to Dec 31, 2021
|
|
|---|---|---|
| Cash Flows from Operating Activities: | ||
| Net income | ||
| Adjustments to reconcile net income to net cash used in operating activities: | ||
| Change in fair value of warrant liabilities | ||
| Loss on issuance of Private Placement Warrants - see statement of operations | ||
| Transaction costs associated with IPO | ||
| Transaction costs associated with issuance of warrants | ||
| Interest earned on marketable securities held in Trust Account | ||
| Changes in operating assets and liabilities: | ||
| Prepaid expenses | ||
| Accounts payable and accrued expenses | ||
| Income taxes payable | ||
| Net cash used in operating activities | ||
| Cash Flows from Investing Activities: | ||
| Cash withdrawn from Trust Account to pay franchise and income taxes | ||
| Cash withdrawn from Trust Account in connection with redemption | ||
| Net cash provided by (used in) investing activities | ||
| Cash Flows from Financing Activities | ||
| Proceeds from sale of Units, net of underwriting discounts paid | ||
| Proceeds from sale of Private Placement Warrants | ||
| Advances from related party | ||
| Proceeds from promissory note - related party | ||
| Repayment of promissory note - related party | ||
| Payment of offering costs | ||
| Redemption of common stock | ||
| Net cash (used in) provided by financing activities | ||
| Net Change in Cash | ||
| Cash - Beginning of year | ||
| Cash - End of year | ||
| Non-cash investing and financing activities: | ||
| Deferred underwriting fee payable | ||
| Initial classification of warrant liabilities |
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