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Proceeds from sale of
public units through...
$49,000,000
Proceeds from ordinary
shares issued in...
$2,200,000
Net cash provided by
financing activities
$50,710,916
Canceled cashflow
$489,084
Net change in cash
$11,497
Canceled cashflow
$50,699,419
Repayment of promissory
note to related party
$274,941
Payment of deferred
offering costs
$214,143
Net income (loss)
$690,218
Other payable
$415,000
Accrued expenses
$183,009
Net cash used in
investing activity
-$50,000,000
Net cash used in
operating activities
-$699,419
Canceled cashflow
$1,288,227
Purchase of marketable
securities held in trust...
$50,000,000
Income earned on
marketable securities held...
$1,948,314
Prepaid expense
$39,332
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Cash Flow
source: myfinsight.com
Ribbon Acquisition Corp. (RIBBR)
Ribbon Acquisition Corp. (RIBBR)