Berenson Acquisition Corp. I Cashflow Statement

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Statements of Cash Flows

In millions of USD, except per-share amounts

	FY2023 12 months to Dec 31, 2023	FY2022 12 months to Dec 31, 2022	FY2021 7 months to Dec 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss) income
Adjustments to reconcile net (loss) income to net cash used in operating activities:
Interest income
Interest income on Trust Account
Change in fair value of derivative warrant liabilities
Offering costs associated with derivative warrant liabilities
Forgiveness of deferred underwriting fee
Changes in operating assets and liabilities:
Franchise tax receivable
Prepaid expenses and other assets
Accounts payable
Accrued expenses
Income tax payable
Franchise tax payable
Net cash used in operating activities
CASH FLOWS FROM INVESTING ACTIVITIES:
Forward purchase liabilities upon issuance
Change in fair value of forward purchase liabilities
Funds withdrawn from Trust Account to reimburse for franchise and income tax payments
Cash deposited in trust account
Net cash provided by investing activities
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of Class B common stock to Sponsor
Proceeds from promissory note - related party
Repayment of note payable to related party
Proceeds received from initial public offering, gross
Proceeds received from private placement warrants
Offering costs paid
Redemption of Class A common stock
Net cash used in financing activities
NET INCREASE IN CASH
NET DECREASE IN CASH
CASH BEGINNING OF PERIOD
CASH END OF PERIOD
Supplemental cash flow information:
Deferred underwriting commissions
Deemed dividend to Class A stockholders
Cash paid for income taxes (not inclusive of franchise tax)
Cash Flow, Noncash Investing and Financing Activities Disclosure
Excise tax liability accrued for Class A common stock redemptions
Remeasurement of Class A Common Stock subject to possible redemption
Forgiveness of deferred underwriting fee payable allocated to additional paid-in capital
Class B Common Stock converted to Class A Common Stock
Excess fair value of converted Class B Common Stock to Class A Common Stock
Issuance of Series A Preferred Stock
Non-cash Share Forward Transaction

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