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Cash Flow
ARC Group Acquisition I Corp. (ARCLW)
ARC Group Acquisition I Corp. (ARCLW)
source: myfinsight.com
Proceeds from initial
public offering
$120,750,000
Proceeds from sale of
private placement units
$2,000,000
Net cash provided by
financing activities
$121,928,850
Canceled cashflow
$821,150
Net change in cash
$993,632
Canceled cashflow
$120,935,218
Payment of accrued
offering costs
$555,573
Repayment of promissory
note a related party
$265,577
Net income (loss)
$598,846
Formation and operating
costs paid by sponsor...
$30,220
Net cash used in
investing activities
-$120,750,000
Net cash used in
operating activities
-$185,218
Canceled cashflow
$629,066
Investment of cash in trust
account
$120,750,000
Interest income on
marketable securities held...
$714,805
Prepaid expense
$99,479
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