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Proceeds from sale of
units, net of...
$112,700,000
Proceeds from sale of
private placement units
$3,800,000
Proceeds from promissory
note - related party
$156,900
Advances from related
party
$2,155
Net cash provided by
financing activities
$116,142,895
Canceled cashflow
$516,160
Net change in cash
$666,920
Canceled cashflow
$115,475,975
Payment of offering
costs
$341,160
Repayment of promissory
note - related party
$175,000
Net income (loss)
$1,822,212
Compensation expense to
directors
$108,750
Accounts payable
$9,042
Net cash used in
investing activities
-$115,000,000
Net cash used in
operating activities
-$475,975
Canceled cashflow
$1,940,004
Investment of cash into
trust account
$115,000,000
Interest earned on
marketable securities held...
$2,298,371
Prepaid expense
$117,021
Change in fv of
overallotment liability
-$587
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Cash Flow
source: myfinsight.com
Indigo Acquisition Corp. (INAC)
Indigo Acquisition Corp. (INAC)