In millions, except per share items | Dec-31-22 | Dec-31-21 |
| 10-K | 10-K |
Assets | | |
Current assets: | | |
Cash | 1.0 | 1.7 |
Prepaid expenses | 0.1 | 0.3 |
Due from related party, net | 0.0 | |
Total Current Assets | 1.1 | 2.1 |
Prepaid expenses, non-current | | 0.1 |
Marketable securities held in Trust Account | 216.1 | 213.1 |
Total Assets | 217.2 | 215.2 |
|
Liabilities, Class A Ordinary Shares Subject to Possible Redemption and Shareholders' Deficit | | |
Current liabilities: | | |
Accounts payable | 4.4 | 1.6 |
Due to related party, net | | 0.0 |
Total Current Liabilities | 4.4 | 1.6 |
Warrant liability | 0.4 | 7.4 |
Commitment fee shares liability | 0.1 | |
Deferred underwriting discount | | 7.5 |
Total Liabilities | 5.0 | 16.4 |
|
Commitments and Contingencies (Note 7) | | |
Class A ordinary shares subject to possible redemption, 21,308,813 shares at redemption value of approximately $10.14 and $10.00 as of December 31, 2022 and 2021, respectively | 216.1 | 213.1 |
|
Shareholders' Deficit: | | |
|
Ordinary shares | | |
Additional paid-in capital | 5.3 | |
Accumulated deficit | -9.2 | -14.3 |
Total Shareholders' Deficit | -3.8 | -14.3 |
Total Liabilities and Shareholders' Deficit | 217.2 | 215.2 |