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Proceeds from initial
public offering and...
$86,250,000
Proceeds from private
placement units
$2,555,000
Proceeds from
related-party advances
$575,000
Net cash provided by
financing activities
$87,397,444
Canceled cashflow
$1,982,556
Net change in cash
$851,297
Canceled cashflow
$86,546,147
Payment of offering
costs
$743,897
Repayment of
related-party advances
$663,659
Payment of underwriting
commissions
$575,000
Accounts payable and
accrued expenses
$100,123
Due to related party
$19,296
Net cash used in
investing activities
-$86,250,000
Net cash used in
operating activities
-$296,147
Canceled cashflow
$119,419
Purchase of investments
held in trust account
$86,250,000
Advance - related party
-$185,000
Prepaid expenses
$150,800
Net loss
-$63,161
Interest earned on
investments held in trust...
$16,605
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Cash Flow
Futurewave Acquisition Corp (FWAC)
Futurewave Acquisition Corp (FWAC)
source: myfinsight.com