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Proceeds from sale of
public units
$55,000,000
Proceeds from sale of
private placement units
$2,770,000
Net cash provided by
financing activities
$56,893,226
Canceled cashflow
$876,774
Net change in cash
$1,295,059
Canceled cashflow
$55,598,167
Payment of underwriter
commissions
-$550,000
Payment of offering
costs
$324,274
Repayment to a related
party
$2,500
Net income (loss)
$649,853
Accounts payable and
accrued expenses
$137,959
Net cash used in
investing activities
-$55,000,000
Net cash used in
operating activities
-$598,167
Canceled cashflow
$787,812
Purchase of investment
held in trust account
$55,000,000
Interest earned on
investments held in trust...
$1,200,264
Prepaid expenses
$110,886
Gain on expiration of
over-allotment option...
$74,829
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Cash Flow
source: myfinsight.com
BEST SPAC I Acquisition Corp. (BSAAR)
BEST SPAC I Acquisition Corp. (BSAAR)