☒ | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
Delaware | 87-1070217 | |
(State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) | |
667 Madison Avenue, 18 th Floor New York, New York | 10065 | |
(Address of principal executive offices) | (Zip Code) |
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
Units, each consisting of one share of Class A Common Stock, par value $0.0001 per share and one-half of one Warrant | BACA.U | The New York Stock Exchange | ||
Class A Common Stock, par value $0.0001 per share | BACA | The New York Stock Exchange | ||
Warrants, each whole warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50 | BACA WS | The New York Stock Exchange |
Large accelerated filer | ☐ | Accelerated filer | ☐ | |||
Non-accelerated filer | ☒ | Smaller reporting company | ☒ | |||
Emerging growth company | ☒ |
(Unaudited) | ||||
ASSETS | ||||
CURRENT ASSETS: | ||||
Cash | $ | 719,171 | ||
Prepaid expenses and other assets | 545,872 | |||
Total current assets | 1,265,043 | |||
Prepaid expenses and other assets, net of current portion | 250,786 | |||
Cash held in Trust Account | 250,000,000 | |||
TOTAL ASSETS | $ | 251,515,829 | ||
LIABILITIES AND STOCKHOLDERS’ DEFICIT | ||||
CURRENT LIABILITIES: | ||||
Accounts payable | $ | 1,530 | ||
Franchise tax payable | 150,000 | |||
Total current liabilities | 151,530 | |||
Derivative warrant liabilities | 19,055,000 | |||
Deferred underwriting fee payable | 8,750,000 | |||
TOTAL LIABILITIES | 27,956,530 | |||
Commitments and Contingencies | ||||
Class A common stock, $0.0001 par value; 200,000,000 shares authorized; 25,000,000 shares issued and outstanding, subject to possible redemption at $10.00 per share | 250,000,000 | |||
Stockholders’ equity (deficit): | ||||
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; 0ne issued and outstanding | 0 | |||
Class B common stock, $0.0001 par value; 20,000,000 shares authorized; 7,187,500 shares issued and outstanding | 719 | |||
Additional paid-in capital | 0 | |||
Accumulated deficit | (26,441,420 | ) | ||
Total stockholders’ deficit | (26,440,701 | ) | ||
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT | $ | 251,515,829 | ||
For the Three Months Ended September 30, 2021 | For the period From June 1, 2021 (inception) through September 30, 2021 | |||||||
General and administrative expenses | $ | 1,530 | $ | 4,230 | ||||
Franchise tax expenses | 150,000 | 150,000 | ||||||
Loss from operations | 151,530 | 154,230 | ||||||
Other expense | ||||||||
Offering costs associated with derivative warrant liabilities | 1,713,531 | 1,713,531 | ||||||
Total other expense | 1,713,531 | 1,713,531 | ||||||
Net loss allocable to common stockholders | $ | 1,865,061 | $ | 1,867,761 | ||||
Weighted average shares outstanding of Class A common stock | 277,778 | 204,918 | ||||||
Basic and diluted net loss per share, Class A | $ | (0.25 | ) | $ | (0.32 | ) | ||
Weighted average shares outstanding of Class B common stock | 7,187,500 | 5,714,652 | ||||||
Basic and diluted net loss per share, Class B | $ | (0.25 | ) | $ | (0.32 | ) | ||
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Item 1. | Condensed Financial Statements. |
September 30, 2022 (Unaudited) | December 31, 2021 | |||||||
ASSETS | ||||||||
CURRENT ASSETS: | ||||||||
Cash | $ | 147,476 | $ | 670,762 | ||||
Prepaid expenses and other assets | 279,986 | 413,338 | ||||||
Total current assets | 427,462 | 1,084,100 | ||||||
Prepaid expenses and other assets, net of current portion | — | 250,786 | ||||||
Marketable securities held in Trust Account | 276,655,160 | 275,105,128 | ||||||
TOTAL ASSETS | $ | 277,082,622 | $ | 276,440,014 | ||||
LIABILITIES AND CLASS A COMMON STOCK SUBJECT TO POSSIBLE REDEMPTION STOCKHOLDERS’ DEFICIT | ||||||||
CURRENT LIABILITIES: | ||||||||
Accounts payable | $ | 19,378 | $ | 35,194 | ||||
Accrued expenses | 369,813 | 56,600 | ||||||
Income tax payable | 270,578 | — | ||||||
Franchise tax payable | 78,890 | 117,310 | ||||||
Total current liabilities | 738,659 | 209,104 | ||||||
Deferred warrant liabilities | 1,062,850 | 10,278,380 | ||||||
Deferred underwriting fee payable | 9,628,500 | 9,628,500 | ||||||
TOTAL LIABILITIES | 11,430,009 | 20,115,984 | ||||||
Commitments and Contingencies (Note 7) | ||||||||
Class A common stock, $0.0001 par value; 200,000,000 shares authorized; 27,510,000 shares issued and outstanding, subject to possible redemption at $10.00 per share | 275,100,000 | 271,100,000 | ||||||
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding | — | — | ||||||
Class B common stock, $0.0001 par value; 20,000,000 shares authorized; 6,877,500 shares issued and outstanding as of September 30, 2022 and December 31, 2021 | 688 | 688 | ||||||
Accumulated deficit | (9,448,075 | ) | (18,776,658 | ) | ||||
Total stockholders’ deficit | (9,447,387 | ) | (18,775,970 | ) | ||||
TOTAL LIABILITIES AND CLASS A COMMON STOCK SUBJECT TO POSSIBLE REDEMPTION AND STOCKHOLDERS’ DEFICIT | $ | 277,082,622 | $ | 276,440,014 | ||||
Stockholders’ Equity (Deficit) | ||||||||||||||||||||||||||||
Class A Common Stock subject to possible redemption | Class B Common Stock | |||||||||||||||||||||||||||
Shares | Amount | Shares | Amount | Additional Paid-In Capital | Accumulated Deficit | Total Stockholders’ Equity (Deficit) | ||||||||||||||||||||||
Balance - June 1, 2021 (inception) | 0 | $ | 0 | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||||
Issuance of Class B common stock to Sponsor | — | — | 7,187,500 | 719 | 24,281 | 0 | 25,000 | |||||||||||||||||||||
Net l oss | — | — | — | — | — | (2,700 | ) | (2,700 | ) | |||||||||||||||||||
Balance - June 30, 2021 | 0 | 0 | 7,187,500 | 719 | 24,281 | (2,700 | ) | 22,300 | ||||||||||||||||||||
Sale of units in initial public offering, less allocation to derivative warrant liabilities, gross | 25,000,000 | 237,875,000 | — | — | — | — | — | |||||||||||||||||||||
Offering costs | — | (13,552,045 | ) | — | — | — | — | — | ||||||||||||||||||||
Excess cash received over the fair value of private placement warrants | — | — | — | — | 70,000 | — | 70,000 | |||||||||||||||||||||
Excess fair value of founder shares attributable to the anchor investors | — | — | — | — | 1,009,105 | — | 1,009,105 | |||||||||||||||||||||
Deemed dividend to Class A stockholders | — | 25,677,045 | — | — | (1,103,386 | ) | (24,573,659 | ) | (25,677,045 | ) | ||||||||||||||||||
Net loss | — | — | — | — | — | (1,865,061 | ) | (1,865,061 | ) | |||||||||||||||||||
Balance - September 30, 2021 | 25,000,000 | $ | 250,000,000 | 7,187,500 | $ | 719 | $ | 0 | $ | (26,441,420 | ) | $ | (26,440,701 | ) | ||||||||||||||
Three Months Ended September 30, 2022 | Three Months Ended September 30, 2021 | Nine Months Ended September 30, 2022 | For the period June 1, 2021 (inception) through September 30, 2021 | |||||||||||||
General and administrative expenses | $ | 215,009 | $ | 1,530 | $ | 1,017,019 | $ | 4,230 | ||||||||
Franchise tax expenses | 50,000 | 150,000 | 150,000 | 150,000 | ||||||||||||
Loss from operations | 265,009 | 151,530 | 1,167,019 | 154,230 | ||||||||||||
Other income (expense) | ||||||||||||||||
Interest income | 459 | — | 618 | — | ||||||||||||
Change in fair value of derivative warrant liabilities | 1,913,130 | — | 9,215,530 | — | ||||||||||||
Interest income on trust | 1,152,365 | — | 1,550,032 | — | ||||||||||||
Offering costs associated with derivative warrant liabilities | — | (1,713,531 | ) | — | (1,713,531 | ) | ||||||||||
Total other income (expense) | 3,065,954 | (1,713,531 | ) | 10,766,180 | (1,713,531 | ) | ||||||||||
Net income (loss) before income taxes | 2,800,945 | (1,865,061 | ) | 9,599,161 | (1,867,761 | ) | ||||||||||
Income tax expense | (270,578 | ) | — | (270,578 | ) | — | ||||||||||
Net income (loss) allocable to common stockholders | $ | 2,530,367 | $ | (1,865,061 | ) | $ | 9,328,583 | $ | (1,867,761 | ) | ||||||
Weighted average shares outstanding, redeemable Class A common stock | 27,510,000 | 277,778 | 27,510,000 | 204,918 | ||||||||||||
Basic and diluted net income (loss) per share, redeemable Class A common stock | $ | 0.07 | $ | (0.25 | ) | $ | 0.27 | $ | (0.32 | ) | ||||||
Weighted average shares outstanding, non-redeemable common stock | 6,877,500 | 7,817,500 | 6,877,500 | 5,714,652 | ||||||||||||
Basic and diluted net income (loss) per share, non-redeemable common stock | $ | 0.07 | $ | (0.25 | ) | $ | 0.27 | $ | (0.32 | ) | ||||||
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||
Net loss | $ | (1,867,761 | ) | |
Adjustments to reconcile net loss to net cash used in operating activities: | ||||
Offering costs associated with derivative warrant liabilities | 1,713,531 | |||
Changes in operating assets and liabilities: | ||||
Prepaid expenses and other assets | (796,658 | ) | ||
Accounts payable | 1,530 | |||
Franchise tax payable | 150,000 | |||
Net cash used in operating activities | (799,358 | ) | ||
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||
Cash deposited in Trust Account | (250,000,000 | ) | ||
Net cash used in investing activities | (250,000,000 | ) | ||
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||
Proceeds from issuance of Class B common stock to Sponsor | 25,000 | |||
Proceeds from note payable to related party | 176,000 | |||
Repayment of note payable to related party | (176,000 | ) | ||
Proceeds received from initial public offering, gross | 250,000,000 | |||
Proceeds received from private placement warrants | 7,000,000 | |||
Offering costs paid | (5,506,471 | ) | ||
Net cash provided by financing activities | 251,518,529 | |||
NET INCREASE IN CASH | 719,171 | |||
CASH BEGINNING OF PERIOD | 0 | |||
CASH END OF PERIOD | $ | 719,171 | ||
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES: | ||||
Deferred underwriting commissions | $ | 8,750,000 | ||
Deemed dividend to Class A stockholders | $ | 25,677,045 | ||
FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2022 | ||||||||||||||||||||||||||||
Stockholders’ (Deficit) Equity | ||||||||||||||||||||||||||||
Class A Common Stock subject to possible redemption | Class B Common Stock | |||||||||||||||||||||||||||
Shares | Amount | Shares | Amount | Additional Paid- In Capital | Accumulated Deficit | Total Stockholders’ (Deficit) Equity | ||||||||||||||||||||||
Balance - January 1, 2022 | 27,510,000 | $ | 275,100,000 | 6,877,500 | $ | 688 | $ | — | $ | (18,776,658 | ) | $ | (18,775,970 | ) | ||||||||||||||
Net income | — | — | — | — | — | 4,130,563 | 4,130,563 | |||||||||||||||||||||
Balance - March 31, 2022 | 27,510,000 | 275,100,000 | 6,877,500 | 688 | — | (14,646,095 | ) | (14,645,407 | ) | |||||||||||||||||||
Net income | — | — | — | — | — | 2,667,653 | 2,667,653 | |||||||||||||||||||||
Balance - June 30, 2022 | 27,510,000 | $ | 275,100,000 | 6,877,500 | $ | 688 | $ | — | $ | (11,978,442 | ) | $ | (11,977,754 | ) | ||||||||||||||
Net income | — | — | — | — | — | 2,530,367 | 2,530,367 | |||||||||||||||||||||
Balance - September 30, 2022 | 27,510,000 | $ | 275,100,000 | 6,877,500 | $ | 688 | $ | — | $ | (9,448,075 | ) | $ | (9,447,387 | ) | ||||||||||||||
FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2021 AND FOR THE PERIOD JUNE 1, 2021 (INCEPTION) THROUGH SEPTEMBER 30, 2021 | ||||||||||||||||||||||||||||
Stockholders’ (Deficit) Equity | ||||||||||||||||||||||||||||
Class A Common Stock subject to possible redemption | Class B Common Stock | |||||||||||||||||||||||||||
Shares | Amount | Shares | Amount | Additional Paid- In Capital | Accumulated Deficit | Total Stockholders’ (Deficit) Equity | ||||||||||||||||||||||
Balance - June 1, 2021 (inception) | — | $ | — | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||
Issuance of Class B common stock to Sponsor (1) | — | — | 7,187,500 | 719 | 24,281 | — | 25,000 | |||||||||||||||||||||
Net loss | — | — | — | — | — | (2,700 | ) | (2,700 | ) | |||||||||||||||||||
Balance - June 30, 2021 | — | — | 7,187,500 | 719 | 24,281 | (2,700 | ) | 22,300 | ||||||||||||||||||||
Sale of units in initial public offering, less allocation to derivative warrant liabilities, gross | 25,000,000 | 237,875,000 | — | — | — | — | — | |||||||||||||||||||||
Offering costs | — | (13,552,045 | ) | — | — | — | — | — | ||||||||||||||||||||
Excess cash received over the fair value of private placement warrants | — | — | — | — | 70,000 | — | 70,000 | |||||||||||||||||||||
Excess fair value of founder shares attributable to the anchor investors | — | — | — | — | 1,009,105 | — | 1,009,105 | |||||||||||||||||||||
Deemed dividend to class A stockholders | — | 25,677,045 | — | — | (1,103,386 | ) | (24,573,659 | ) | (25,677,045 | ) | ||||||||||||||||||
Net loss | — | — | — | — | — | (1,865,061 | ) | (1,865,061 | ) | |||||||||||||||||||
Balance - September 30, 2021 | 25,000,000 | $ | 250,000,000 | 7,187,500 | $ | 719 | $ | — | $ | (26,441,420 | ) | $ | (26,440,701 | ) | ||||||||||||||
(1) | This number included an aggregate of up to 937,500 shares of Class B common stock subject to forfeiture if the over-allotment option was not exercised in full or in part by the underwriter. On November 12, 2021 the Sponsor forfeited 310,000 shares of Class B common stock. |
For the Nine Months Ended September 30, 2022 | For the period June 1, 2021 (inception) through September 30, 2021 | |||||||
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||||
Net income (loss) | $ | 9,328,583 | $ | (1,867,761 | ) | |||
Adjustments to reconcile net loss to net cash used in operating activities: | ||||||||
Interest and dividend income from trust account | (1,550,032 | ) | — | |||||
Change in fair value of derivative warrant liabilities | (9,215,530 | ) | — | |||||
Offering costs associated with derivative warrant liabilities | — | 1,713,531 | ||||||
Changes in operating assets and liabilities: | ||||||||
Prepaid expenses and other assets | 384,138 | (796,658 | ) | |||||
Accounts payable | (15,816 | ) | 1,530 | |||||
Accrued expenses | 313,213 | — | ||||||
Income tax payable | 270,578 | — | ||||||
Franchise tax payable | (38,420 | ) | 150,000 | |||||
Net cash used in operating activities | (523,286 | ) | (799,358 | ) | ||||
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||||
Cash deposited in Trust Account | — | (250,000,000 | ) | |||||
Net cash used in financing activities | — | (250,000,000 | ) | |||||
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||||
Proceeds from issuance of Class B common stock to Sponsor | — | 25,000 | ||||||
Proceeds from note payable to related party | — | 176,000 | ||||||
Repayment of note payable to related party | — | (176,000 | ) | |||||
Proceeds received from initial public offering, gross | — | 250,000,000 | ||||||
Proceeds received from private placement warrants | — | 7,000,000 | ||||||
Offering costs paid | — | (5,506,471 | ) | |||||
Net cash provided by financing activities | — | 251,518,529 | ||||||
NET (DECREASE) INCREASE IN CASH | (523,286 | ) | 719,171 | |||||
CASH BEGINNING OF PERIOD | 670,762 | — | ||||||
CASH END OF PERIOD | $ | 147,476 | $ | 719,171 | ||||
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES: | ||||||||
Deferred underwriting commissions | $ | — | $ | 8,750,000 | ||||
Deemed dividend to Class A stockholders | $ | — | $ | 25,677,045 | ||||
Level 1— | Quoted prices (unadjusted) in active markets for identical investments at the measurement date are used. | |||
Level 2— | Pricing inputs are other than quoted prices included within Level 1 that are observable for the investment, either directly or indirectly. Level 2 pricing inputs include quoted prices for similar investments in active markets, quoted prices for identical or similar investments in markets that are not active, inputs other than quoted prices that are observable for the investment, and inputs that are derived principally from or corroborated by observable market data by correlation or other means. | |||
Level 3— | Pricing inputs are unobservable and include situations where there is little, if any, market activity for the investment. The inputs used in determination of fair value require significant judgment and estimation. |
2021 | ||||
Three Months | ||||||||
Three Months | Ended | |||||||
Ended September | September 30, | |||||||
30, 2022 | 2021 | |||||||
Class A Common Stock | ||||||||
Numerator: Earnings allocable to Redeemable Class A Common Stock | ||||||||
Net income (loss) allocable to Class A Common Stock subject to possible redemption | $ | 2,024,294 | $ | (69,398 | ) | |||
Denominator: Weighted Average Class A Common Stock | ||||||||
Basic and diluted weighted average shares outstanding | 27,510,000 | 277,778 | ||||||
Basic and diluted net income (loss) per share | $ | 0.07 | $ | (0.25 | ) | |||
Class B Common Stock | ||||||||
Numerator: Net income (loss) minus Net Earnings | ||||||||
Net income (loss) allocable to Class B Common Stock | $ | 506,073 | $ | (1,795,664 | ) | |||
Denominator: Weighted Average Class B Common Stock | ||||||||
Basic and diluted weighted average shares outstanding | 6,877,500 | 7,187,500 | ||||||
Basic and diluted net income (loss) per share | 0.07 | $ | (0.25 | ) | ||||
Three Months Ended September 30, 2021 | Period from June 1, 2021 (inception) through September 30, 2021 | |||||||
Class A Common Stock | ||||||||
Numerator: Earnings allocable to Redeemable Class A Common Stock | ||||||||
Net loss allocable to Class A Common Stock subject to possible redemption Denominator: Weighted Average Class A Common Stock | $ | (69,398 | ) | $ | (64,656 | ) | ||
Basic and diluted weighted average shares outstanding | 277,778 | 204,918 | ||||||
Basic and diluted net income per share | $ | (0.25 | ) | $ | (0.32 | ) | ||
Class B Common Stock | ||||||||
Numerator: Net Loss minus Net Earnings | ||||||||
Net loss allocable to Class B Common Stock | $ | (1,795,663 | ) | $ | (1,803,105 | ) | ||
Denominator: Weighted Average Class B Common Stock | ||||||||
Basic and diluted weighted average shares outstanding | 7,187,500 | 5,714,652 | ||||||
Basic and diluted net loss per share | $ | (0.25 | ) | $ | (0.32 | ) | ||
For the period | ||||||||
June 1, 2021 | ||||||||
(inception) | ||||||||
Nine Months | through | |||||||
Ended September | September 30, | |||||||
30, 2022 | 2021 | |||||||
Class A Common Stock | ||||||||
Numerator: Earnings allocable to Redeemable Class A Common Stock | ||||||||
Net income (loss) allocable to Class A Common Stock subject to possible redemption | $ | 7,462,866 | $ | (64,656 | ) | |||
Denominator: Weighted Average Class A Common Stock | ||||||||
Basic and diluted weighted average shares outstanding | 27,510,000 | 204,918 | ||||||
Basic and diluted net income per share | $ | 0.27 | $ | (0.32 | ) | |||
Class B Common Stock | ||||||||
Numerator: Net income (loss) minus Net Earnings | ||||||||
Net income (loss) allocable to Class B Common Stock | $ | 1,865,717 | $ | (1,803,105 | ) | |||
Denominator: Weighted Average Class B Common Stock | ||||||||
Basic and diluted weighted average shares outstanding | 6,877,500 | 5,714,652 | ||||||
Basic and diluted net income (loss) per share | $ | 0.27 | $ | (0.32 | ) | |||
As of September 30, 2022 | ||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets: | ||||||||||||||||
U.S. Treasury Securities held in Trust Account | $ | 276,655,160 | $ | — | $ | — | $ | 276,655,160 | ||||||||
$ | 276,655,160 | $ | — | $ | — | $ | 276,655,160 | |||||||||
As of December 31, 2021 | ||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets: | ||||||||||||||||
U.S. Treasury Securities held in Trust Account | $ | 275,105,128 | $ | — | $ | — | $ | 275,105,128 | ||||||||
$ | 275,105,128 | $ | — | $ | — | $ | 275,105,128 | |||||||||
As of September 30, 2021 | ||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Liabilities: | ||||||||||||||||
Redeemable Warrants | $ | — | $ | — | $ | 12,125,000 | $ | 12,125,000 | ||||||||
Private Placement Warrants | — | — | 6,930,000 | 6,930,000 | ||||||||||||
Total | $ | — | $ | — | $ | 19,055,000 | $ | 19,055,000 | ||||||||
As of September 30, 2022 | ||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Liabilities: | ||||||||||||||||
Public Warrants | $ | 687,750 | $ | — | $ | — | $ | 687,750 | ||||||||
Private Placement Warrants | — | 375,100 | — | 375,100 | ||||||||||||
Total | $ | 687,750 | $ | 375,100 | $ | — | $ | 1,062,850 | ||||||||
As of December 31, 2021 | ||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Liabilities: | ||||||||||||||||
Public Warrants | $ | 6,602,400 | $ | — | $ | — | $ | 6,602,400 | ||||||||
Private Placement Warrants | — | — | 3,675,980 | 3,675,980 | ||||||||||||
Total | $ | 6,602,400 | $ | — | $ | 3,675,980 | $ | 10,278,380 | ||||||||
Warrant liabilities at January 1, 2022 | $ | 3,675,980 | ||
Transfer of Private Placement Warrants From Level 3 to Level 2 | (2,025,540 | ) | ||
Change in fair value of Private Placement Warrant liabilities | (1,650,440 | ) | ||
Private Placement Warrant liabilities | $ | — | ||
Item 2. |
Item 3. |
Item 4. |
Item 1. |
Item 1A. | Risk Factors. |
Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds. |
Item 3. |
Item 4. | Mine Safety Disclosures. |
Item 5. | Other Information. |
Item 6. | Exhibits. |
* | Filed herewith. |
** | Furnished herewith. |
(1) | Previously filed as an exhibit to |
(2) | Previously filed as an exhibit to S-1 filed with the SEC on September 10, 2021 and incorporated by reference herein. |
BERENSON ACQUISITION CORP. I | ||||||
Date: November | By: | /s/ Mohammed Ansari | ||||
Name: | Mohammed Ansari | |||||
Title: | Chief Executive Officer | |||||
Date: November | By: | /s/ Amir Hegazy | ||||
Name: | Amir Hegazy | |||||
Title: | Chief Financial Officer |