XML 36 R17.htm IDEA: XBRL DOCUMENT v3.22.2
CONDENSED BALANCE SHEETS - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Assets      
Cash $ 5,458,000 $ 16,146,000 $ 113,353,000
Prepaid expenses 3,244,000 2,960,000 330,000
Assets, Current 11,046,000 21,091,000 113,944,000
Total assets 349,225,000 349,996,000 153,746,000
Liabilities, Redeemable Ordinary Shares and Shareholders’ Deficit      
Total current liabilities 26,892,000 14,720,000 1,345,000
Total liabilities 99,038,000 83,073,000 9,620,000
Commitments and contingencies
Shareholders’ Deficit:      
Common stock, $0.001 par, 209,354,819 authorized, issued & outstanding 206,000 206,000 194,000
Additional paid in capital 331,682,000 330,870,000 166,859,000
Accumulated deficit (78,924,000) (62,606,000) (378,000)
Total shareholders' equity 250,187,000 266,923,000 144,126,000
Total liabilities and shareholders' equity 349,225,000 349,996,000 153,746,000
Agrico Acquisition Corp.      
Assets      
Cash 288,426 664,428 0
Prepaid expenses 52,365 6,083
Assets, Current 340,791 670,511 0
Cash and marketable securities held in Trust Account 146,651,498 146,644,675 0
Total assets 146,992,289 147,315,186 96,594
Liabilities, Redeemable Ordinary Shares and Shareholders’ Deficit      
Accrued offering costs and expenses 259,507 129,068 50,000
Due to related party 0 73,795  
Total current liabilities 259,507 202,863 106,266
Deferred underwriters’ fee 5,031,250 5,031,250 0
Total liabilities 5,290,757 5,234,113 106,266
Commitments and contingencies
Class A ordinary shares subject to possible redemption, 14,375,000 Class A ordinary shares at redemption value of $10.20 per share 146,625,000 146,625,000 0
Shareholders’ Deficit:      
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding 0 0 0
Common stock, $0.001 par, 209,354,819 authorized, issued & outstanding 14 14 0
Class B ordinary shares, $0.0001 par value; 20,000,000 shares authorized; 3,593,750 issued and outstanding as of March 31, 2022 and December 31, 2021 359 359 0
Accumulated deficit (4,923,841) (4,544,300) (9,672)
Total shareholders' equity (4,923,468) (4,543,927) (9,672)
Total liabilities and shareholders' equity $ 146,992,289 $ 147,315,186 $ 96,594