2022 Q4 Form 10-Q Financial Statement

#000121390022069366 Filed on November 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $11.92M $0.00 $0.00
YoY Change
Cost Of Revenue $4.513M $6.284M
YoY Change 315.94%
Gross Profit $7.406M $19.83M
YoY Change 3.18%
Gross Profit Margin 62.14%
Selling, General & Admin $23.52M $41.37M
YoY Change 62.35%
% of Gross Profit 317.63% 208.62%
Research & Development $2.597M $6.457M
YoY Change 19.68%
% of Gross Profit 35.07% 32.56%
Depreciation & Amortization $1.035M $2.926M
YoY Change -72.61%
% of Gross Profit 13.98% 14.75%
Operating Expenses $27.15M $657.8K $283.4K
YoY Change 6953.73% 132.13% 4735.32%
Operating Profit -$19.74M -$657.7K -$283.3K
YoY Change -390.6% 132.14%
Interest Expense $1.897M $1.155K $1.790K
YoY Change 210677.78% -35.47%
% of Operating Profit
Other Income/Expense, Net $68.40K -$1.163M
YoY Change -105.88%
Pretax Income -$17.84M -$131.4K -$1.444M
YoY Change -1675.36% -90.9% 24547.61%
Income Tax $40.00K -$36.00K
% Of Pretax Income
Net Earnings -$17.88M -$131.4K -$1.444M
YoY Change -1678.9% -90.9% 24547.61%
Net Earnings / Revenue -150.05%
Basic Earnings Per Share -$0.01 -$0.08
Diluted Earnings Per Share -$0.13 -$0.01 -$83.73K
COMMON SHARES
Basic Shares Outstanding 13.18M shares 13.18M shares 17.25M shares
Diluted Shares Outstanding 13.18M shares 17.25M shares

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.184M $34.96K $115.6K
YoY Change 329.99% -69.77% 44.55%
Cash & Equivalents $2.184M $34.96K $115.6K
Short-Term Investments
Other Short-Term Assets $4.810M $130.8K $116.5K
YoY Change 105847.14% 12.23%
Inventory $1.378M $933.0K
Prepaid Expenses $130.8K
Receivables $21.24M $17.47M
Other Receivables $0.00 $0.00
Total Short-Term Assets $29.61M $165.7K $232.2K
YoY Change 5677.66% -28.61% 190.23%
LONG-TERM ASSETS
Property, Plant & Equipment $772.0K $2.053M
YoY Change -4.1%
Goodwill $13.50M
YoY Change 0.0%
Intangibles $40.59M
YoY Change 4.61%
Long-Term Investments
YoY Change
Other Assets $944.0K $101.3M $139.4M
YoY Change -99.32% -27.34% 126634.55%
Total Long-Term Assets $56.92M $101.3M $139.4M
YoY Change -59.17% -27.34% 126634.55%
TOTAL ASSETS
Total Short-Term Assets $29.61M $165.7K $232.2K
Total Long-Term Assets $56.92M $101.3M $139.4M
Total Assets $86.53M $101.5M $139.6M
YoY Change -38.16% -27.34% 73394.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.450M $809.3K $43.57K
YoY Change 3948.87% 1757.45%
Accrued Expenses $36.13M $26.01M $0.00
YoY Change -100.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $0.00 $0.00
YoY Change
Total Short-Term Liabilities $44.84M $809.3K $43.57K
YoY Change 21385.93% 1757.45% -74.37%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $163.0K $10.05M
YoY Change 2265.06%
Total Long-Term Liabilities $163.0K $0.00 $10.05M
YoY Change 2265.06% -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $44.84M $809.3K $43.57K
Total Long-Term Liabilities $163.0K $0.00 $10.05M
Total Liabilities $50.29M $12.17M $10.09M
YoY Change 444.23% 20.6% 5835.28%
SHAREHOLDERS EQUITY
Retained Earnings -$375.9M -$12.00M
YoY Change 4221.96%
Common Stock $14.00K $345.00
YoY Change 3957.97%
Preferred Stock
YoY Change
Treasury Stock (at cost) $0.00
YoY Change
Treasury Stock Shares
Shareholders Equity $36.24M -$12.00M $129.6M
YoY Change
Total Liabilities & Shareholders Equity $86.53M $101.5M $139.6M
YoY Change -38.16% -27.34% 73394.83%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income -$17.88M -$131.4K -$1.444M
YoY Change -1678.9% -90.9% 24547.61%
Depreciation, Depletion And Amortization $1.035M $2.926M
YoY Change -72.61%
Cash From Operating Activities -$725.0K -$316.3K -$142.0K
YoY Change 573.04% 122.78%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $2.067M
YoY Change
Acquisitions
YoY Change
Other Investing Activities $40.85M $0.00
YoY Change
Cash From Investing Activities $0.00 $40.85M $0.00
YoY Change
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 426.0K -40.85M 0.000
YoY Change -14.8% -100.0%
NET CHANGE
Cash From Operating Activities -725.0K -316.3K -142.0K
Cash From Investing Activities 0.000 40.85M 0.000
Cash From Financing Activities 426.0K -40.85M 0.000
Net Change In Cash -299.0K -316.3K -142.0K
YoY Change -176.22% 122.78% -277.48%
FREE CASH FLOW
Cash From Operating Activities -$725.0K -$316.3K -$142.0K
Capital Expenditures $0.00 $2.067M
Free Cash Flow -$725.0K -$2.383M
YoY Change 573.04%

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vcka Sale Of Stock Description Of Transactions
SaleOfStockDescriptionOfTransactions
The stock exchange listing rules require that the Business Combination must be with one or more operating businesses or assets with a fair market value equal to at least 80% of the assets held in the Trust Account (as defined below) (less any deferred underwriting commissions and taxes payable on the interest earned on the Trust Account). The Company will only complete a Business Combination if the post-Business Combination company owns or acquires 50% or more of the issued and outstanding voting securities of the target or otherwise acquires a controlling interest in the target business sufficient for it not to be required to register as an investment company under the Investment Company Act of 1940, as amended (the “Investment Company Act”). There is no assurance that the Company will be able to successfully effect a Business Combination.
vcka Price Per Public Share
PricePerPublicShare
10.38
CY2022Q3 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
5000001 usd
vcka Percentage Of Public Shares
PercentageOfPublicShares
0.20 pure
CY2022Q3 vcka Business Combination Redeem Percentage
BusinessCombinationRedeemPercentage
1 pure
us-gaap Other Expenses
OtherExpenses
50000 usd
vcka Deposit Into The Trust Account Per Share
DepositIntoTheTrustAccountPerShare
10.38
vcka Lesser Public Per Share
LesserPublicPerShare
10.1
us-gaap Business Combination Acquired Receivables Description
BusinessCombinationAcquiredReceivablesDescription
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 was removed from the Trust Account to pay such holders and approximately $99.8 million remained in the Trust Account. Following the redemptions, the Company has 9,726,395 ordinary shares with redemption rights outstanding and the Company will deposit $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.
CY2022Q4 us-gaap Assets Held In Trust
AssetsHeldInTrust
1295556 usd
CY2022Q3 us-gaap Restricted Cash Current
RestrictedCashCurrent
34961 usd
CY2022Q3 vcka Working Capital
WorkingCapital
643543 usd
us-gaap Interest Income Deposit With Financial Institution Increase Decrease
InterestIncomeDepositWithFinancialInstitutionIncreaseDecrease
696000 usd
us-gaap Use Of Estimates
UseOfEstimates
<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>
CY2022Q3 us-gaap Other Deferred Costs Net
OtherDeferredCostsNet
8119261 usd
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
CY2022Q3 vcka Accretion Of Carrying Value To Redemption Value
AccretionOfCarryingValueToRedemptionValue
3737378 usd
vcka Shares Subject To Possible Redemption
SharesSubjectToPossibleRedemption
101293086 usd
CY2022Q3 us-gaap Excess Stock Shares Issued
ExcessStockSharesIssued
13740000 shares
CY2022Q3 us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
-131387 usd
CY2021Q3 us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
-1444352 usd
us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
623516 usd
us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
-349248 usd
CY2022Q3 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
13176395 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
17250000 shares
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
15862288 shares
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
16675824 shares
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.08
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.02
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 September 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>
CY2022Q3 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 usd
vcka Purchase Price Per Share
PurchasePricePerShare
10
CY2022Q1 vcka Deferred Underwriting Commission Payable
DeferredUnderwritingCommissionPayable
0.50 pure
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
CY2022Q3 us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
1155 usd
us-gaap Interest Expense Related Party
InterestExpenseRelatedParty
16901 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
0 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
us-gaap Stock Issued During Period Value Purchase Of Assets
StockIssuedDuringPeriodValuePurchaseOfAssets
2971667 usd
CY2021 us-gaap Stock Issued During Period Value Purchase Of Assets
StockIssuedDuringPeriodValuePurchaseOfAssets
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
CY2022Q3 vcka Deposited In Trust Account
DepositedInTrustAccount
1035000 usd
CY2022Q3 vcka Deposited In Trust Account
DepositedInTrustAccount
323889 usd
CY2022Q3 vcka Deposited In Trust Account
DepositedInTrustAccount
323889 usd
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 to the holders of Scilex common stock at Closing (the “Merger Consideration”) by VCKA twill 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”).
vcka Common Stock Aggregate Value
CommonStockAggregateValue
1500000000 usd
CY2022Q3 vcka Net Tangible Assets
NetTangibleAssets
5000001 usd
CY2022Q1 vcka Aggregate Percentage
AggregatePercentage
0.75 pure
CY2022Q1 vcka Warrants Percentage
WarrantsPercentage
0.40 pure
CY2022Q1 vcka Balance In The Trust Account
BalanceInTheTrustAccount
25000000 usd
CY2022Q1 vcka Deferred Underwriting Commission
DeferredUnderwritingCommission
0.50 pure
CY2022Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2022Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2022Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2022Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2022Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
3450000 shares
CY2022Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
3450000 shares
CY2022Q3 vcka Ordinary Shares Subject To Possible Redemption
OrdinarySharesSubjectToPossibleRedemption
9726395 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
3450000 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
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. 
CY2022Q3 us-gaap Assets Held In Trust Current
AssetsHeldInTrustCurrent
101293086 usd
CY2021Q4 us-gaap Assets Held In Trust Current
AssetsHeldInTrustCurrent
139410739 usd
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. 
CY2022Q3 us-gaap Share Price
SharePrice
10.33
CY2021Q4 us-gaap Share Price
SharePrice
10.04
CY2022Q3 vcka Fair Value Measurement Strike Price
FairValueMeasurementStrikePrice
11.5
CY2021Q4 vcka Fair Value Measurement Strike Price
FairValueMeasurementStrikePrice
11.5
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y
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
CY2022Q3 vcka Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate1
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate1
0.0403 pure
CY2021Q4 vcka Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate1
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate1
0.0128 pure
CY2022Q3 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
CY2022Q3 vcka Fair Value Of Warrantsin Dollars
FairValueOfWarrantsinDollars
0.17
CY2021Q4 vcka Fair Value Of Warrantsin Dollars
FairValueOfWarrantsinDollars
0.49
vcka Underlying Warrant Value
UnderlyingWarrantValue
0
CY2021 vcka Underlying Warrant Value
UnderlyingWarrantValue
0.0103
CY2022Q3 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
0.0403 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
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
00-0000000
CY2022Q3 us-gaap Shares Subject To Mandatory Redemption Settlement Terms Amount Noncurrent
SharesSubjectToMandatoryRedemptionSettlementTermsAmountNoncurrent
usd
CY2021Q4 us-gaap Shares Subject To Mandatory Redemption Settlement Terms Amount Noncurrent
SharesSubjectToMandatoryRedemptionSettlementTermsAmountNoncurrent
usd
CY2022Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2021Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2022Q3 us-gaap Preferred Stock Value
PreferredStockValue
usd
CY2021Q4 us-gaap Preferred Stock Value
PreferredStockValue
usd
CY2022Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
shares
CY2021Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
shares
CY2022Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
shares
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
shares
CY2022Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
usd
CY2021Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
usd
CY2022Q3 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
usd
CY2021Q3 us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
usd
us-gaap Gain Loss On Sale Of Derivatives
GainLossOnSaleOfDerivatives
usd
CY2021Q3 vcka Transaction Costs Allocated To Warrant Liabilities
TransactionCostsAllocatedToWarrantLiabilities
usd
vcka Transaction Costs Allocated To Warrant Liabilities
TransactionCostsAllocatedToWarrantLiabilities
usd
CY2021Q3 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
CY2021Q3 us-gaap Distributions On Mandatorily Redeemable Securities
DistributionsOnMandatorilyRedeemableSecurities
usd
us-gaap Distributions On Mandatorily Redeemable Securities
DistributionsOnMandatorilyRedeemableSecurities
usd
CY2021Q3 us-gaap Interest Expense
InterestExpense
usd
us-gaap Interest Expense
InterestExpense
usd
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16675824 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
17250000 shares
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.04
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.08
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 Deferred Underwriting Fee Payable
DeferredUnderwritingFeePayable
usd
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13176395 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
15862288 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16675824 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
17250000 shares
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.02
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.04
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.08
CY2022Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
shares
CY2021Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
shares
CY2022Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
shares
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
shares
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Central Index Key
EntityCentralIndexKey
0001820190

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vcka-20220930.xsd Edgar Link pending
vcka-20220930_cal.xml Edgar Link unprocessable
vcka-20220930_def.xml Edgar Link unprocessable
vcka-20220930_lab.xml Edgar Link unprocessable
vcka-20220930_pre.xml Edgar Link unprocessable