Unregistered Sales of Equity Securities and Use of Proceeds.
−Removed: the end of December 31, 2021, the Company has issued an aggregate of 5,833,083 Class B ordinary shares to the Sponsor for an aggregate
−Removed: purchase price of $25,100 in cash.
−Removed: Our Sponsor transferred 69,999 Class B ordinary shares to EF Hutton and 30,000 Class B ordinary shares
−Removed: to JonesTrading as Representative Shares.
−Removed: November 23, 2021, the Company consummated its Initial Public Offering of 19,999,880 Units, at $10.00 per Unit, generating gross proceeds
−Removed: of $199,998,800, and incurring offering costs of $9,351,106 of which $5,999,964 was for deferred underwriting commissions.
−Removed: consists of one Class A ordinary share of the Company and one-half of one redeemable warrant, where each whole warrant entitles the holder
−Removed: to purchase one Class A ordinary share.
−Removed: The Company granted the underwriter a 45-day option to purchase up to an additional 2,608,680
−Removed: Units at the Initial Public Offering price to cover over-allotments, if any.
−Removed: Simultaneous with the close of the Initial Public Offering,
−Removed: the over-allotment option was exercised in full.
−Removed: Simultaneously
−Removed: with the closing of the Offering, the Company consummated the Private Placement of an aggregate of 7,796,842 Private Placement Warrants
−Removed: to the Sponsor, at a price of $1.00 per Private Placement Warrant, generating total gross proceeds of $7,796,842.
−Removed: costs amounted to $9,351,106, consisting of $2,499,985 of underwriting
−Removed: fees, $5,999,964 was for deferred underwriting commissions, $268,617 for the fair value of the Representative Shares and $582,540 of other
−Removed: offering costs.
−Removed: the closing of the Initial Public Offering and the exercise of the over-allotment
−Removed: partially by the underwriter on November 23, 2021, an amount of $202,998,782 ($10.15 per Unit) from the net proceeds of the sale of the
−Removed: Units in the Initial Public Offering and the sale of the Private Placement Warrants of $7,796,842 was placed in the Trust Account, located
−Removed: in the United States and held as cash items or invested only in U.S.
−Removed: government securities, within the meaning set forth in Section 2(a)(16)
−Removed: of the Investment Company, with a maturity of 185 days or less or in any open-ended investment company that holds itself out as a money
−Removed: market fund selected by the Company meeting the conditions of paragraph (d) of Rule 2a-7 of the Investment Company Act, as determined
−Removed: by the Company, until the earlier of:
−Removed: (i) the completion of a Business Combination and (ii) the distribution of the assets held in the
−Removed: Trust Account, as described below.
−Removed: Company has listed the Units on the NYSE.
−Removed: The Company’s management has broad discretion with respect to the specific application
−Removed: of the net proceeds of the Initial Public Offering and sale of the Private Placement Warrants, although substantially all of the net
−Removed: proceeds are intended to be applied generally toward consummating a Business Combination.
+Added: November 23, 2021, the Company consummated the Initial Public Offering of 17,391,200 units at $10.00 per Unit and the sale of 7,032,580
+Added: Private Warrants at a price of $1.00 per Private Warrant in a private placement to the Sponsor that closed simultaneously with the closing
+Added: of the Initial Public Offering.
+Added: The Company has listed the Units on the New York Stock Exchange.
+Added: On November 23, 2021, the underwriters
+Added: exercised their over-allotment option in full, according to which the Company consummated the sale of an additional 2,608,680 Units,
+Added: at $10.00 per Unit, and the sale of an additional 764,262 Private Warrants, at $1.00 per Private Warrant.
+Added: Following the closing of the
+Added: over-allotment option, the Company generated total gross proceeds of $207,795,642 from the Initial Public Offering and the Private Placement,
+Added: of which the Company raised $199,998,800 in the Initial Public Offering, $7,796,842 in the Private Placement and of which $202,998,782
+Added: was placed in the Company’s Trust Account with Continental Stock Transfer & Company as trustee, established for the benefit
+Added: of the Company’s public shareholders.
+Added: Transaction costs amounted to $9,351,106 consisting
+Added: of $2,499,985 of underwriting fees, $5,999,964 was for deferred underwriting commissions, $268,617 for the fair value of the representative
+Added: shares and $582,540 of other offering costs .
+Added: The amount of funds available for a business combination is approximately $94.59
+Added: million after payment of $5,999,964 of deferred underwriting fees and payment of an aggregate redemption amount of approximately $109.31
+Added: million as a result of the approval of the Extension Proposal.
a description of the use of the proceeds generated in the Initial Public Offering, see Part I, Item 2 of this Quarterly Report.
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