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Proceeds from sale of
public units
$82,800,000
Proceeds from sale of
private placements...
$2,319,000
Net cash provided by
financing activities
$83,759,249
Canceled cashflow
$1,359,751
Net changes in cash
-$298,905
Canceled cashflow
$83,759,249
Proceeds from sale of
short-term investment
$607,966
Accounts payable and
accrued expenses
$680,717
Net income (loss)
$510,959
Accrued administrative
expense
$60,000
Payment of underwriter
fees
$586,500
Repayment of promissory
note related party
$500,000
Payment of offering
costs
$273,251
Net cash used in
investing activities
-$82,792,034
Canceled cashflow
$607,966
Net cash used in
operating activities
-$1,266,120
Canceled cashflow
$1,251,676
Purchase of investments
held in trust account
$82,800,000
Purchase of short-term
investment
$600,000
Interest earned on
investments held in trust...
$2,402,732
Prepaid expenses
$87,523
Due from related
party
$19,575
Interest earned on
short-term investment
$7,966
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Cash Flow
source: myfinsight.com
Quartzsea Acquisition Corp (QSEAR)
Quartzsea Acquisition Corp (QSEAR)