| Schedule of business combination |
|
|
|
|
| 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 |
|
| |
|
|
|
|
| Non-cash net liabilities acquired from New Beginnings |
|
|
(38,216 |
) |
| |
|
|
|
|
| Add: Asset prepayments made at Closing |
|
|
3,684,000 |
|
| Less: Fair value of Common Stock Warrants |
|
|
(13,176,450 |
) |
| Less: Fair value of Post-Combination Warrants |
|
|
(1,980,000 |
) |
| Less: Fair value of Convertible Notes issued |
|
|
(48,273,641 |
) |
| Less: Underwriting fees and other issuance costs paid at Closing |
|
|
(23,353,127 |
) |
| Less: Other Business Combination-related costs paid prior to September 30, 2021 |
|
|
(3,618,792 |
) |
| |
|
|
|
|
| Additional Paid-in-Capital from Business Combination, net of issuance costs paid |
|
$ |
52,097,203 |
|
| |
|
|
|
|
| Less: Non-cash net liabilities assumed from New Beginnings |
|
|
38,216 |
|
| Less: Non-cash net assets assumed from New Beginnings |
|
|
(3,684,000 |
) |
| Add: Non-cash fair value of Common Stock Warrants |
|
|
13,176,450 |
|
| Add: Non-cash fair value of Post-Combination Warrants |
|
|
1,980,000 |
|
| Add: Non-cash fair value of Convertible Notes issued |
|
|
48,273,641 |
|
| Add: Other issuance costs included in accounts payable and accrued liabilities |
|
|
3,618,792 |
|
| |
|
|
|
|
| Cash proceeds from the Business Combination |
|
$ |
115,500,302 |
|