EdtechX Holdings Acquisition Corp. IIEDTX
| Jun 30, 2021 | Jun 30, 2022 |
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Net income (loss) | -322,270 | 5 |
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Change in fair value of derivative warrant liabilities | -314,650 | 6 |
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Financing cost - derivative warrant liabilities | -452,450 | - |
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Gain on investments held in Trust Account | 35,907 | 183,623 |
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Prepaid expenses | 184,299 | -91,209 |
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Accounts payable | - | 227,405 |
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Franchise tax payable | -217,534 | 95,979 |
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Accrued expenses | 13,000 | -89,000 |
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Net cash used in operating activities | -399,859 | -963,009 |
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Cash deposited in Trust Account for extension | - | 76,041 |
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Withdrawal of interest from Trust Account to pay for franchise taxes | - | 188,451 |
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Cash deposited in Trust Account | 117 | - |
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Net cash used in investing activities | -116,725,000 | 112,410 |
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Proceeds from note payable | - | 250,000 |
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Proceeds received from initial public offering, gross | 115 | - |
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Proceeds received from private placement | 6 | - |
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Net cash provided by financing activities | 118 | 250,000 |
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Net (decrease) increase in cash | - | -600,599 |
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Deemed dividend to Class A common stock being redeemed | - | 41,058 |
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Offering costs included in accrued expenses | 75,000 | - |
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Deferred underwriting commissions in connection with the initial public offering | 4 | - |
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