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Proceeds from sale of
public units
$100,000,000
Proceeds from sale of
private placement units
$2,512,500
Net cash provided by
financing activities
$101,428,274
Canceled cashflow
$1,084,226
Net change in cash
$653,345
Canceled cashflow
$100,774,929
Payment of underwriting
commissions
$517,500
Repayment of promissory
note - related party
$300,000
Payment of offering
costs
$266,726
Net income (loss)
$612,215
Accounts payable and
accrued expenses
$39,264
Net cash used in
investing activities
-$100,500,000
Net cash used in
operating activities
-$274,929
Canceled cashflow
$651,479
Investment of cash in trust
account
$100,500,000
Interest earned on
investments held in trust...
$832,568
Prepaid expenses
$93,840
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Cash Flow
Vernal Capital Acquisition Corp. (VECA-RI)
Vernal Capital Acquisition Corp. (VECA-RI)
source: myfinsight.com