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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2022
Dec. 31, 2021
Current assets    
Cash $ 34,961 $ 507,921
Prepaid expenses 130,788 4,536
Total Current Assets 165,749 512,457
Investments held in Trust Account – U.S. Treasury Securities Money Market Fund 101,293,086 139,410,739
TOTAL ASSETS 101,458,835 139,923,196
Current liabilities    
Accounts payable and accrued expenses 809,292 208,704
Total Current Liabilities 809,292 208,704
Convertible promissory notes — related party, net of discount 2,035,000 483,099
Conversion option liability 6,892
Simple promissory notes 2,971,667
Mandatorily redeemable ordinary shares liability
Warrant liability 1,162,800 3,351,600
Deferred underwriting fee payable 5,190,000 5,190,000
Total Liabilities 12,168,759 9,240,295
Commitments and Contingencies
Ordinary shares subject to possible redemption 9,726,395 and 13,800,000 as of September 30, 2022 and December 31, 2021, respectively, at redemption value of $10.41 and $10.00, respectively, per share 101,293,086 139,380,000
Shareholders’ Deficit    
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding
Ordinary shares, $0.0001 par value; 200,000,000 shares authorized; 3,450,000 non-redeemable shares issued and outstanding at September 30, 2022 and December 31, 2021 345 345
Additional paid-in capital
Accumulated deficit (12,003,355) (8,697,444)
Total Shareholders’ Deficit (12,003,010) (8,697,099)
TOTAL LIABILITIES, ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION, AND SHAREHOLDERS’ DEFICIT $ 101,458,835 $ 139,923,196