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Proceeds from initial
public offering and...
$86,250,000
Proceeds from sale of
private placement units
$3,125,000
Advances from related
party
$101,240
Net cash provided by
financing activities
$88,301,423
Canceled cashflow
$1,174,817
Net change in cash
$574,630
Canceled cashflow
$87,726,793
Payment of offering
costs
$724,092
Payment of underwriter
compensation
$284,625
Repayment of related party
advances
$166,100
Net income
$182,711
Accounts payable and
accrued expenses
$10,026
Net cash used in
investing activities
-$87,112,500
Net cash used in
operating activities
-$614,293
Canceled cashflow
$192,737
Purchase of investments
held in trust account
$87,112,500
Prepaid expenses
$519,893
Interest earned on
investments held in trust...
$287,137
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Cash Flow
FortuneX Acquisition Corp (FXAC)
FortuneX Acquisition Corp (FXAC)
source: myfinsight.com