THE BUSINESS COMBINATION (Details) $ in Thousands |
Sep. 30, 2022
USD ($)
|
---|---|
Business Combination and Asset Acquisition [Abstract] | |
Cash - Trust Account (net of redemptions of $101 million) | $ 15,184,107 |
Cash - Convertible Notes financing | 48,669,322 |
Cash - PIPE Financing | 75,000,000 |
Less: Underwriting fees and other issuance costs paid at Closing | (23,353,127) |
Cash proceeds from the Business Combination | 115,500,302 |
Less: Non-cash net liabilities assumed from New Beginnings | (38,216) |
Add: Non-cash net assets assumed from New Beginnings | 3,684,000 |
Less: Non-cash fair value of Common Stock Warrants | (13,176,450) |
Less: Non-cash fair value of Post-Combination Warrants | (1,980,000) |
Less: Non-cash fair value of Convertible Notes issued | (48,273,641) |
Less: Other issuance costs included in accounts payable and accrued liabilities | (3,618,792) |
Additional paid-in-capital from Business Combination, net of issuance costs paid | $ 52,097,203 |
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