In millions, except per share items | Mar-31-23 | Sep-30-22 | Mar-31-22 | Sep-30-21 |
| 10-Q | 10-Q | 10-Q | 10-Q |
Cash flows from operating activities: | | | | |
Net income | 0.7 | 0.2 | 1.4 | |
Adjustments to reconcile net income to net cash used in operating activities: | | | | |
Change in fair value of derivative forward purchase liability | 0.0 | -0.5 | 0.2 | |
Change in fair value of warrant liabilities | -0.3 | | -1.7 | |
Income from investments held in trust account | | | | |
Changes in operating assets and liabilities: | | | | |
Prepaid expenses | 0.0 | | 0.0 | |
Accounts payable and accrued liabilities | 0.3 | | -0.2 | |
Income tax payable | 0.3 | | | |
Related party promissory note accrued interest | 0.0 | | | |
Net cash used in operating activities | -0.3 | 0.2 | -0.4 | |
|
Cash flows from investing activities: | | | | |
Cash deposited in Trust Account | -1.2 | | | |
Net cash used in investing activities | -1.2 | | | |
|
Cash flows from financing activities: | | | | |
Proceeds from issuance of warrants to Sponsor | 1.2 | | | |
Proceeds from promissory notes from related parties | 0.2 | | | |
Repayment of related party promissory note | -0.1 | | | |
Proceeds from the sale of marketable securities | 0.2 | | | |
Net cash provided by financing activities | 1.5 | | | |
Net increase (decrease) in cash | 0.0 | | -0.4 | |
|
Supplemental Disclosures of Noncash Financing Activities | | | | |
Remeasurement of Class A shares subject to redemption | 2.2 | | | |
Share issuance obligation | 0.0 | | | |