2022 Q3 Form 10-Q Financial Statement

#000121390022047404 Filed on August 12, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue $6.284M $1.529M $1.144M
YoY Change
Gross Profit $19.83M -$1.529M -$1.144M
YoY Change
Gross Profit Margin
Selling, General & Admin $41.37M $14.34M $10.91M
YoY Change
% of Gross Profit 208.62%
Research & Development $6.457M $2.589M $2.631M
YoY Change
% of Gross Profit 32.56%
Depreciation & Amortization $2.926M $20.00K $944.0K
YoY Change
% of Gross Profit 14.75%
Operating Expenses $657.8K $1.434M $320.4K
YoY Change 132.13% 733.12% 94.01%
Operating Profit -$657.7K -$1.434M -$8.806M
YoY Change 132.14% 733.12%
Interest Expense $1.155K $8.280K -$5.510K
YoY Change -35.47%
% of Operating Profit
Other Income/Expense, Net $68.40K $2.800M -$480.3K
YoY Change -105.88% -4193.04% -131.92%
Pretax Income -$131.4K $1.561M -$806.2K
YoY Change -90.9% -767.86% -160.67%
Income Tax -$36.00K -$28.00K $3.000K
% Of Pretax Income -1.79%
Net Earnings -$131.4K $1.561M -$806.2K
YoY Change -90.9% -767.86% -160.67%
Net Earnings / Revenue
Basic Earnings Per Share -$0.01 $0.09 -$0.07
Diluted Earnings Per Share -$0.01 $0.09 -$46.74K
COMMON SHARES
Basic Shares Outstanding 13.18M shares 17.21M shares 133.0M
Diluted Shares Outstanding 13.18M shares 17.21M shares 133.0M

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $34.96K $351.3K $127.4K
YoY Change -69.77% 36.35% -59.53%
Cash & Equivalents $34.96K $351.3K $33.57M
Short-Term Investments
Other Short-Term Assets $130.8K $261.6K $396.9K
YoY Change 12.23% 11.61% 14.58%
Inventory $933.0K
Prepaid Expenses $130.8K $261.6K
Receivables $17.47M
Other Receivables $0.00
Total Short-Term Assets $165.7K $612.8K $524.3K
YoY Change -28.61% 24.57% -20.71%
LONG-TERM ASSETS
Property, Plant & Equipment $2.053M
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $101.3M $141.7M $140.4M
YoY Change -27.34% 1.64% 0.75%
Total Long-Term Assets $101.3M $141.7M $140.4M
YoY Change -27.34% 1.64% 0.75%
TOTAL ASSETS
Total Short-Term Assets $165.7K $612.8K $524.3K
Total Long-Term Assets $101.3M $141.7M $140.4M
Total Assets $101.5M $142.3M $141.0M
YoY Change -27.34% 1.72% 0.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $809.3K $598.7K $41.00K
YoY Change 1757.45%
Accrued Expenses $26.01M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $809.3K $598.6K $41.00K
YoY Change 1757.45% 2888.75% 138.23%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $11.05M
YoY Change 25.4%
Total Long-Term Liabilities $0.00 $0.00 $11.05M
YoY Change -100.0% -100.0% 25.4%
TOTAL LIABILITIES
Total Short-Term Liabilities $809.3K $598.6K $41.00K
Total Long-Term Liabilities $0.00 $0.00 $11.05M
Total Liabilities $12.17M $52.88M $11.10M
YoY Change 20.6% 493.89% 25.62%
SHAREHOLDERS EQUITY
Retained Earnings -$12.00M -$10.77M
YoY Change
Common Stock $345.00 $345.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$12.00M -$10.76M -$10.54M
YoY Change
Total Liabilities & Shareholders Equity $101.5M $142.3M $141.0M
YoY Change -27.34% 1.72% 0.65%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$131.4K $1.561M -$806.2K
YoY Change -90.9% -767.86% -160.67%
Depreciation, Depletion And Amortization $2.926M $20.00K $944.0K
YoY Change
Cash From Operating Activities -$316.3K -$741.2K -$880.5K
YoY Change 122.78% 1193.49% 78.12%
INVESTING ACTIVITIES
Capital Expenditures $2.067M
YoY Change
Acquisitions
YoY Change
Other Investing Activities $40.85M -$1.035M -$1.035M
YoY Change -99.26%
Cash From Investing Activities $40.85M -$1.035M -$1.035M
YoY Change -99.26%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -40.85M 2.000M 1.535M
YoY Change -98.9%
NET CHANGE
Cash From Operating Activities -316.3K -741.2K -880.5K
Cash From Investing Activities 40.85M -1.035M -1.035M
Cash From Financing Activities -40.85M 2.000M 1.535M
Net Change In Cash -316.3K 223.8K -380.5K
YoY Change 122.78% -490.63% -233.78%
FREE CASH FLOW
Cash From Operating Activities -$316.3K -$741.2K -$880.5K
Capital Expenditures $2.067M
Free Cash Flow -$2.383M
YoY Change

Facts In Submission

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VICKERS VANTAGE CORP. I
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1 Harbourfront Avenue
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us-gaap Use Of Estimates
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Use of Estimates</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of the condensed consolidated financial statements in conformity with 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 condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Making estimates requires management to exercise significant judgment. 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 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. One of the more significant accounting estimates included in these condensed consolidated financial statements is the determination of the fair value of the warrant liabilities. Such estimates may be subject to change as more current information because available and accordingly, the actual results could differ significantly from those estimates.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i> </i></b></p>
CY2022Q2 us-gaap Other Deferred Costs Net
OtherDeferredCostsNet
8119261 usd
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y
CY2021 vcka Gross Proceeds
GrossProceeds
138000000 usd
CY2021 vcka Ordinary Shares Issuance Cost
OrdinarySharesIssuanceCost
8119261 usd
CY2021Q4 vcka Accretion Of Carrying Value To Redemption Value
AccretionOfCarryingValueToRedemptionValue
9499261 usd
CY2021 vcka Shares Subject To Possible Redemption
SharesSubjectToPossibleRedemption
139380000 usd
us-gaap Temporary Equity Other Changes
TemporaryEquityOtherChanges
-41824292 usd
CY2022Q2 vcka Accretion Of Carrying Value To Redemption Value
AccretionOfCarryingValueToRedemptionValue
2630486 usd
vcka Shares Subject To Possible Redemption
SharesSubjectToPossibleRedemption
100186194 usd
CY2022Q2 us-gaap Excess Stock Shares Issued
ExcessStockSharesIssued
13740000 shares
CY2022Q2 us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
1561125 usd
CY2021Q2 us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
-233749 usd
us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
754903 usd
us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
1095104 usd
CY2022Q2 vcka Weighted Average Number Of Diluted Shares Outstanding Shares
WeightedAverageNumberOfDilutedSharesOutstandingShares
17205235 shares
CY2021Q2 vcka Weighted Average Number Of Diluted Shares Outstanding Shares
WeightedAverageNumberOfDilutedSharesOutstandingShares
17250000 shares
vcka Weighted Average Number Of Diluted Shares Outstanding Shares
WeightedAverageNumberOfDilutedSharesOutstandingShares
17227494 shares
vcka Weighted Average Number Of Diluted Shares Outstanding Shares
WeightedAverageNumberOfDilutedSharesOutstandingShares
16391664 shares
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.09
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.04
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.07
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Concentration of Credit Risk</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">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 Deposit Insurance Corporation coverage limit of $250,000. As of June 30, 2022 and December 31, 2021, the Company has not experienced losses on these accounts and management believes the Company is not exposed to significant risks on such account.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i> </i></b></p>
CY2022Q2 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 usd
vcka Purchase Price Per Share
PurchasePricePerShare
10
us-gaap Business Combination Control Obtained Description
BusinessCombinationControlObtainedDescription
The notes may be repaid upon completion of a Business Combination, without interest, or, at the lender’s discretion, up to $1,500,000 of notes may be converted upon completion of a Business Combination into warrants at a price of $0.75 per warrant.
CY2021Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
500000 usd
CY2021Q4 us-gaap Convertible Debt
ConvertibleDebt
500000 usd
CY2021Q4 vcka Warrants Exercise Price
WarrantsExercisePrice
0.75
CY2022Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
1035000 usd
CY2022Q1 us-gaap Stock Issued During Period Value Purchase Of Assets
StockIssuedDuringPeriodValuePurchaseOfAssets
500000 usd
CY2022Q2 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
8280 usd
us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
15746 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1155 usd
CY2021 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
16901 usd
CY2022Q2 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
1500000 usd
CY2022Q2 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
500000 usd
vcka Aggregate Purchase Price
aggregatePurchasePrice
2000000 usd
CY2021 vcka Aggregate Purchase Price
aggregatePurchasePrice
0 usd
us-gaap Related Party Transaction Description Of Transaction
RelatedPartyTransactionDescriptionOfTransaction
In order to extend the time available for the Company to consummate a Business Combination, the Sponsor or its affiliates or designees must deposit into the Trust Account $1,035,000 ($0.075 per Public Share in either case), on or prior to the date of the applicable deadline, for each three-month extension.
CY2022Q2 vcka Deposited In Trust Account
DepositedInTrustAccount
1035000 usd
CY2022Q2 vcka Warrants Exercise Price
WarrantsExercisePrice
0.75
us-gaap Other Commitments Description
OtherCommitmentsDescription
The underwriters are entitled to a deferred fee of (i) 3.5% of the gross proceeds of the initial 12,000,000 Units sold in the Initial Public Offering, or $4,200,000, and (ii) 5.5% of the gross proceeds from the Units sold pursuant to the over-allotment option, or $990,000.
vcka Merger Consideration Description
MergerConsiderationDescription
The total consideration to be paid at Closing (the “Merger Consideration”) by VCKA to Scilex stockholders will be an amount equal to the quotient of (a) the sum of (i) $1,500,000,000 minus (ii) the aggregate amount of Scilex long term debt excluding intercompany debt owed to Sorrento existing as of immediately prior to the date of the closing of the transaction (the “Closing Date”); divided by (b) $10.00, and will be payable in shares of common stock, par value $0.0001 per shares, of VCKA upon its domestication in Delaware (“VCKA Common Stock”).
CY2022Q2 vcka Issued And Outstanding Percentage
IssuedAndOutstandingPercentage
0.88 pure
CY2022Q2 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
5000001 usd
CY2022Q2 vcka Balance In The Trust Account
BalanceInTheTrustAccount
25000000 usd
vcka Deferred Underwriting Commission Description
DeferredUnderwritingCommissionDescription
(A)50% of the Deferred Underwriting Commission will be payable to Maxim directly from the trust account; and(B)the remaining 50% of the Deferred Underwriting Commission will be payable to Maxim in the form of a Promissory Note on or before the one-year anniversary of the effective date of a Business Combination.
CY2022Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2022Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2022Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2022Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
3450000 shares
CY2022Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
3450000 shares
vcka Mandatorily Redeemable Ordinary Shares
MandatorilyRedeemableOrdinaryShares
4073605 usd
CY2022Q2 vcka Ordinary Shares Subject To Possible Redemption
OrdinarySharesSubjectToPossibleRedemption
9726395 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
3450000 shares
CY2021Q4 vcka Ordinary Shares Subject To Possible Redemption
OrdinarySharesSubjectToPossibleRedemption
13800000 shares
vcka Public Warrants Redemption Description
PublicWarrantsRedemptionDescription
The Company may redeem the Public Warrants:  ●in whole and not in part;   ●at a price of $0.01 per warrant;   ●at any time while the warrants become exercisable;   ●upon not less than 30 days’ prior written notice of redemption to each warrant holder;   ●if, and only if, the reported last sale price of the Company’s ordinary shares equals or exceeds $18.00 per share (subject to adjustment) for any 20 trading days within a 30-trading day period commencing after the warrants become exercisable and ending on the third trading business day prior to the notice of redemption to the warrant holders; and  ●if, and only if, there is a current registration statement in effect with respect to the issuance of the ordinary shares underlying such warrants at the time of redemption and for the entire 30-day trading period referred to above and continuing each day thereafter until the date of redemption.
vcka Capital Raising Description
CapitalRaisingDescription
In addition, if (x) the Company issues additional ordinary shares or equity-linked securities for capital raising purposes in connection with the closing of a Business Combination at an issue price or effective issue price of less than $9.20 per ordinary share (with such issue price or effective issue price to be determined in good faith by the Company’s board of directors and, in the case of any such issuance to the Sponsors or its affiliates, without taking into account any Founder Shares held by the Sponsors or such affiliates, as applicable, prior to such issuance) (the “Newly Issued Price”), (y) the aggregate gross proceeds from such issuances represent more than 60% of the total equity proceeds, and interest thereon, available for the funding of a Business Combination on the date of the consummation of a Business Combination (net of redemptions), and (z) the volume weighted average trading price of its ordinary shares during the 20 trading day period starting on the trading day prior to the day on which the Company consummates its Business Combination (such price, the “Market Value”) is below $9.20 per share, the exercise price of the warrants will be adjusted (to the nearest cent) to be equal to 115% of the higher of the Market Value and the Newly Issued Price, the $18.00 per share redemption trigger price will be adjusted (to the nearest cent) to be equal to 180% of the higher of the Market Value and the Newly Issued Price. 
CY2022Q2 us-gaap Assets Held In Trust Current
AssetsHeldInTrustCurrent
141686598 usd
CY2021Q4 us-gaap Assets Held In Trust Current
AssetsHeldInTrustCurrent
139410739 usd
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y3M10D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0 pure
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.083 pure
CY2022Q2 vcka Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate1
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate1
0.031 pure
CY2021Q4 vcka Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate1
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate1
0.0128 pure
CY2022Q2 vcka Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate1
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate1
0 pure
CY2021Q4 vcka Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate1
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate1
0 pure
CY2022Q2 vcka Fair Value Of Warrantsin Dollars
FairValueOfWarrantsinDollars
0.18
us-gaap Fair Value Measurements Highest And Best Use Description
FairValueMeasurementsHighestAndBestUseDescription
The Company established the initial fair value for the private warrants on January 11, 2021, the date of the Company’s Initial Public Offering, using a Monte Carlo simulation and subsequently implemented the Black-Scholes Option Pricing Model that was modified to capture the redemption features of the public warrants. The underlying assumptions in the Black-Scholes option pricing model include the underlying share price, risk-free interest rate, estimated volatility and the expected term. The primary unobservable inputs utilized in determining the fair value of the private warrants are the expected volatility of the Company’s ordinary shares and the Company’s ordinary share price. The expected volatility of the ordinary shares was determined based on implied volatilities of public warrants issued by selected guideline companies and was estimated to be 10% before the expected business combination and 20% after the expected business combination. The ordinary share price was determined based on an iterative procedure that matched the estimated value of the ordinary shares and fractional warrant price to equate to the observed price of the outstanding units. The risk-free interest rate is based on the U.S. Treasury yield curve in effect on the date of valuation equal to the remaining expected life of the private warrants. The dividend yield percentage is zero because the Company does not currently pay dividends, nor does it intend to do so during the expected term of the warrants. The expected life of the warrants is assumed to be equivalent to their remaining contractual term. Inputs are re-evaluated each quarterly reporting period to estimate the fair market value of the private placement warrants as of the reporting period. 
CY2022Q2 us-gaap Share Price
SharePrice
10.22
CY2021Q4 us-gaap Share Price
SharePrice
10.04
CY2022Q2 vcka Fair Value Measurement Strike Price
FairValueMeasurementStrikePrice
11.5
CY2021Q4 vcka Fair Value Measurement Strike Price
FairValueMeasurementStrikePrice
11.5
CY2021Q4 vcka Fair Value Of Warrantsin Dollars
FairValueOfWarrantsinDollars
0.49
CY2022Q2 us-gaap Shares Subject To Mandatory Redemption Settlement Terms Number Of Shares
SharesSubjectToMandatoryRedemptionSettlementTermsNumberOfShares
4073605 shares
CY2022Q2 us-gaap Temporary Equity Redemption Price Per Share
TemporaryEquityRedemptionPricePerShare
10.25
us-gaap Payments For Proceeds From Removal Costs
PaymentsForProceedsFromRemovalCosts
41800000 usd
CY2022Q2 vcka Balance Amount
BalanceAmount
99800000 usd
CY2022Q2 us-gaap Shares Issued
SharesIssued
9726395 shares
CY2022Q2 us-gaap Security Deposit
SecurityDeposit
323888 usd
CY2022Q2 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
0.0333
vcka Underlying Warrant Value
UnderlyingWarrantValue
0
CY2021 vcka Underlying Warrant Value
UnderlyingWarrantValue
0.0103
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
0.75
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
0.75
vcka Holding Period
HoldingPeriod
0.5
CY2021 vcka Holding Period
HoldingPeriod
0.28
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.031 pure
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0128 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.053 pure
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.083 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2022Q2 us-gaap Excess Stock Shares Outstanding
ExcessStockSharesOutstanding
13800000 shares
vcka Ordinary Shares Description
OrdinarySharesDescription
In connection with its solicitation of proxies in connection with the Extension Proposal, the Company was required to permit its public shareholders to redeem their ordinary shares. Of the 13,800,000 ordinary shares outstanding with redemption rights, the holders of 4,073,605 ordinary shares elected to redeem their shares at a per share redemption price of $10.25. As a result, approximately $41.8 million will be removed from the Trust Account to pay such holders and approximately $99.8 million will remain in the Trust Account. Following the redemptions, the Company will have 9,726,395 ordinary shares with redemption rights outstanding and the Company will deposit approximately $323,888 (or approximately $0.0333 per ordinary share that remains outstanding) for each calendar month, or portion thereof, that is needed by the Company to complete an initial business combination from July 11, 2022.
CY2022Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2021Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2022Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
shares
CY2022Q2 us-gaap Preferred Stock Value
PreferredStockValue
usd
CY2021Q4 us-gaap Preferred Stock Value
PreferredStockValue
usd
CY2021Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
shares
CY2022Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
shares
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
shares
CY2022Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
usd
CY2021Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
usd
CY2022Q2 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
usd
CY2021Q2 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
usd
CY2022Q2 vcka Transaction Costs Allocated To Warrant Liabilities
TransactionCostsAllocatedToWarrantLiabilities
usd
CY2021Q2 vcka Transaction Costs Allocated To Warrant Liabilities
TransactionCostsAllocatedToWarrantLiabilities
usd
CY2021Q2 us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
usd
us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
usd
CY2021Q2 us-gaap Distributions On Mandatorily Redeemable Securities
DistributionsOnMandatorilyRedeemableSecurities
usd
us-gaap Distributions On Mandatorily Redeemable Securities
DistributionsOnMandatorilyRedeemableSecurities
usd
CY2021Q2 us-gaap Interest Expense
InterestExpense
usd
us-gaap Interest Expense
InterestExpense
usd
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16391664 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
17205235 shares
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.04
vcka Loss On Initial Issuance Of Warrant Liability
LossOnInitialIssuanceOfWarrantLiability
usd
vcka Change In Fair Value Of Conversion Option Liability
ChangeInFairValueOfConversionOptionLiability
usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
usd
vcka Transactions Costs Allocated To Private Warrants
TransactionsCostsAllocatedToPrivateWarrants
usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
usd
us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
usd
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
usd
us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
usd
vcka Proceeds From Simple Promissory Note Related Party
ProceedsFromSimplePromissoryNoteRelatedParty
usd
vcka Repayment Of Promissory Note Related Party
RepaymentOfPromissoryNoteRelatedParty
usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
usd
vcka Offering Cost Included In Accrued Offering Cost
OfferingCostIncludedInAccruedOfferingCost
usd
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Entity Central Index Key
EntityCentralIndexKey
0001820190

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