Quarterly report pursuant to Section 13 or 15(d)


Sep. 30, 2021
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
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