Currenc (CURR) 10-Q 9 Nov 22 2022 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2022	Nov. 08, 2022
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2022
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--12-31
Entity File Number	001-41079
Entity Registrant Name	INFINT ACQUISITION CORPORATION
Entity Central Index Key	0001862935
Entity Tax Identification Number	98-1602649
Entity Incorporation, State or Country Code	E9
Entity Address, Address Line One	32 Broadway
Entity Address, Address Line Two	Suite 401
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10004
City Area Code	(212)
Local Phone Number	287-5010
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Entity Shell Company	true
Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant
Title of 12(b) Security	Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant
Trading Symbol	IFIN.U
Security Exchange Name	NYSE
Class A ordinary shares, par value $0.0001 per share
Title of 12(b) Security	Class A ordinary shares, par value $0.0001 per share
Trading Symbol	IFIN
Security Exchange Name	NYSE
Redeemable warrants, exercisable for Class A ordinary shares at an exercise price of $11.50 per share
Title of 12(b) Security	Redeemable warrants, exercisable for Class A ordinary shares at an exercise price of $11.50 per share
Trading Symbol	IFIN.WS
Security Exchange Name	NYSE
Common Class A [Member]
Entity Common Stock, Shares Outstanding		19,999,880
Common Class B [Member]
Entity Common Stock, Shares Outstanding		5,833,083

Condensed Balance Sheets

Condensed Balance Sheets - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Current Assets
Cash	$ 551,858	$ 1,028,183
Prepaid expenses	106,715	604,107
Total Current Assets	658,573	1,632,290
Cash and marketable securities held in trust account	204,211,529	203,000,706
TOTAL ASSETS	204,870,102	204,632,996
Current Liabilities
Accrued expenses	1,914,948	76,474
Due to related parties	46,867
Total current liabilities	1,961,815	76,474
Deferred underwriter fee payable	5,999,964	5,999,964
TOTAL LIABILITIES	7,961,779	6,076,438
Commitments and Contingencies (Note 6)
Class A ordinary shares subject to possible redemption; 19,999,880 shares at redemption value	204,211,529	202,998,782
Shareholders’ Deficit
Preferred shares, $0.0001 par value; 5,000,000 shares authorized; none issued and outstanding
Additional paid-in capital
Accumulated deficit	(7,303,789)	(4,442,807)
Total Shareholders’ Deficit	(7,303,206)	(4,442,224)
TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT	204,870,102	204,632,996
Common Class A [Member]
Shareholders’ Deficit
Ordinary shares
Common Class B [Member]
Shareholders’ Deficit
Ordinary shares	$ 583	$ 583

Condensed Balance Sheets (Paren

Condensed Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2022	Dec. 31, 2021
Class A ordinary shares subject to possible redemption, shares	19,999,880	19,999,880
Preferred shares, par value	$ 0.0001	$ 0.0001
Preferred shares, shares authorized	5,000,000	5,000,000
Preferred shares, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common Class A [Member]
Class A ordinary shares subject to possible redemption, shares	19,999,880	19,999,880
Ordinary shares, par value	$ 0.0001	$ 0.0001
Ordinary shares, shares authorized	500,000,000	500,000,000
Ordinary shares, shares issued	0	0
Ordinary shares, shares outstanding	0	0
Common Class B [Member]
Ordinary shares, par value	$ 0.0001	$ 0.0001
Ordinary shares, shares authorized	50,000,000	50,000,000
Ordinary shares, shares issued	5,833,083	5,833,083
Ordinary shares, shares outstanding	5,833,083	5,833,083

Condensed Statement of Operatio

Condensed Statement of Operations - USD ($)		3 Months Ended		7 Months Ended	9 Months Ended
		Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2021	Sep. 30, 2022
Formation and operating costs		$ 1,118,431	$ 583	$ 29,843	$ 2,859,058
Loss from operation costs		(1,118,431)	(583)	(29,843)	(2,859,058)
Other income:
Interest earned on marketable securities held in Trust Account		916,262			1,210,823
Net Loss		$ (202,169)	$ (583)	$ (29,843)	$ (1,648,235)
Basic and diluted net loss per ordinary share not subject to redemption		$ (0.01)		$ (0.01)	$ (0.06)
Common Class A [Member]
Other income:
Weighted average shares outstanding of Class B non-redeemable ordinary share		19,999,880			19,999,880
Basic and diluted net loss per ordinary share not subject to redemption		$ (0.01)			$ (0.06)
Common Class B [Member]
Other income:
Weighted average shares outstanding of Class B non-redeemable ordinary share	[1]	5,833,083	5,072,246	5,072,246	5,833,083
Basic and diluted net loss per ordinary share not subject to redemption		$ (0.01)			$ (0.06)
[1]On September 30, 2021, an aggregate of 5,072,246 760,837 801,833 5,833,083

Condensed Statement of Operat_2

Condensed Statement of Operations (Parenthetical)	9 Months Ended
	Sep. 30, 2022 shares
Founder Shares [Member] | Subscription Agreement [Member]
Issuance of Class B Ordinary Share to Sponsor, shares	801,833
Common Class B [Member]
Ordinary shares, shares outstanding	5,833,083
Common Class B [Member] | Founder Shares [Member]
Ordinary shares, shares outstanding	5,072,246
Stock issued during period shares share based compensation forfeited	760,837
Common Class B [Member] | Founder Shares [Member] | Subscription Agreement [Member]
Ordinary shares, shares outstanding	5,833,083

Condensed Statements of Changes

Condensed Statements of Changes in Shareholders' Deficit - USD ($)		Common Stock [Member] Common Class A [Member]	Common Stock [Member] Common Class B [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Beginning Balance at Mar. 07, 2021
Beginning Balance, shares at Mar. 07, 2021
Net loss					(29,055)	(29,055)
Ending Balance at Mar. 31, 2021					(29,055)	(29,055)
Ending Balance, shares at Mar. 31, 2021
Beginning Balance at Mar. 07, 2021
Beginning Balance, shares at Mar. 07, 2021
Net loss						(29,843)
Ending Balance at Sep. 30, 2021			$ 583	24,517	(29,843)	(4,743)
Ending Balance, shares at Sep. 30, 2021			5,833,083
Beginning Balance at Mar. 31, 2021					(29,055)	(29,055)
Beginning Balance, shares at Mar. 31, 2021
Net loss					(205)	(205)
Issuance of Class B ordinary shares to Sponsor	[1]		$ 583	24,517		25,100
Issuance of class B ordinary share to sponsor, shares	[1]		5,833,083
Ending Balance at Jun. 30, 2021					(29,260)	(4,160)
Ending Balance, shares at Jun. 30, 2021
Net loss					(583)	(583)
Ending Balance at Sep. 30, 2021			$ 583	24,517	(29,843)	(4,743)
Ending Balance, shares at Sep. 30, 2021			5,833,083
Beginning Balance at Dec. 31, 2021			$ 583		(4,442,807)	(4,442,224)
Beginning Balance, shares at Dec. 31, 2021			5,833,083
Net loss					(462,567)	(462,567)
Ending Balance at Mar. 31, 2022			$ 583		(4,905,374)	(4,904,791)
Ending Balance, shares at Mar. 31, 2022			5,833,083
Beginning Balance at Dec. 31, 2021			$ 583		(4,442,807)	(4,442,224)
Beginning Balance, shares at Dec. 31, 2021			5,833,083
Net loss						(1,648,235)
Ending Balance at Sep. 30, 2022			$ 583		(7,303,789)	(7,303,206)
Ending Balance, shares at Sep. 30, 2022			5,833,083
Beginning Balance at Mar. 31, 2022			$ 583		(4,905,374)	(4,904,791)
Beginning Balance, shares at Mar. 31, 2022			5,833,083
Net loss					(983,499)	(983,499)
Accretion of Class A ordinary shares to redemption value					(296,485)	(296,485)
Ending Balance at Jun. 30, 2022			$ 583		(6,185,358)	(6,184,775)
Ending Balance, shares at Jun. 30, 2022			5,833,083
Net loss					(202,169)	(202,169)
Accretion of Class A ordinary shares to redemption value					(916,262)	(916,262)
Ending Balance at Sep. 30, 2022			$ 583		$ (7,303,789)	$ (7,303,206)
Ending Balance, shares at Sep. 30, 2022			5,833,083
[1]Effective on November 18, 2021, the Subscription Agreement was amended and restated to reflect an additional issuance to Sponsor of 801,833 5,833,083

Condensed Statements of Chang_2

Condensed Statements of Changes in Shareholders' Deficit (Parenthetical)	9 Months Ended
	Sep. 30, 2022 shares
Common Class B [Member]
Ordinary shares, shares outstanding	5,833,083
Founder Shares [Member] | Common Class B [Member]
Ordinary shares, shares outstanding	5,072,246
Subscription Agreement [Member] | Founder Shares [Member]
Issuance of Class B Ordinary Share to Sponsor, shares	801,833
Subscription Agreement [Member] | Founder Shares [Member] | Common Class B [Member]
Ordinary shares, shares outstanding	5,833,083

Condensed Statement of Cash Flo

Condensed Statement of Cash Flows - USD ($)	7 Months Ended	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2022
Cash flows from operating activities:
Net loss	$ (29,843)	$ (1,648,235)
Adjustments to reconcile net loss to net cash used in operating activities:
Interest earned on securities held in Trust Account		(1,210,823)
Interest due to Sponsor on Promissory Note (as defined below)	10
Changes in operating assets and liabilities:
Prepaid insurance		497,392
Operating expenses paid by the Sponsor	25,000
Accrued expenses	4,055	1,838,474
Net cash used in operating activities	(778)	(523,192)
Cash flows from financing activities:
Proceeds from issuance of Class B ordinary shares to Sponsor	25,000
Due to related parties		46,867
Net cash provided by financing activities	25,000	46,867
Net change in cash	24,222	(476,325)
Cash at beginning of period		1,028,183
Cash at end of period	24,222	551,858
Non-cash investing and financing activities:
Accretion of Class A ordinary shares to redemption value		1,212,747
Deferred offering costs paid by Promissory Note- related party	163,872
Accrued deferred offering costs	$ 25,095

DESCRIPTION OF ORGANIZATION, BU

DESCRIPTION OF ORGANIZATION, BUSINESS OPERATIONS AND GOING CONCERN	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
DESCRIPTION OF ORGANIZATION, BUSINESS OPERATIONS AND GOING CONCERN	NOTE 1. DESCRIPTION OF ORGANIZATION, BUSINESS OPERATIONS AND GOING CONCERN InFinT Acquisition Corporation (the “Company”) is a blank check company incorporated in the Cayman Islands on March 8, 2021 At September 30, 2022, the Company had not yet commenced any operations. All activity through September 30, 2022 relates to the Company’s formation, the initial public offering (the “Initial Public Offering”) and the search for a target business with which to consummate an initial Business Combination. The Company will not generate any operating revenues until after the completion of its initial Business Combination, at the earliest. The Company will generate non-operating income in the form of interest income on cash and cash equivalents from the proceeds derived from the Initial Public Offering. The Company has selected December 31 as its fiscal year end. The Company is an early stage and emerging growth company and, as such, the Company is subject to all of the risks associated with early stage and emerging growth companies. The Company’s sponsor is InFinT Capital LLC, a United States based sponsor group (the “Sponsor”). The registration statement for the Company’s Initial Public Offering was declared effective on November 18, 2021. On November 23, 2021, the Company consummated its Initial Public Offering of 19,999,880 10.00 199,998,800 9,351,106 5,999,964 2,608,680 Simultaneously with the closing of the Offering, the Company consummated the private placement of an aggregate of 7,796,842 1.00 7,796,842 Transaction costs amounted to $ 9,351,106 2,499,985 $ 5,999,964 268,617 the Representative Shares 582,540 Following the closing of the Initial Public Offering and the exercise of the over-allotment partially by the underwriter on November 23, 2021, an amount of $ 202,998,782 10.15 7,796,842 I NFINT ACQUISITION CORPORATION NOTES TO CONDENSED FINANCIAL STATEMENTS (Unaudited) The Company has listed the Units on the New York Stock Exchange (“NYSE”). The Company’s management has broad discretion with respect to the specific application of the net proceeds of the Initial Public Offering and sale of the private placement units (“Placement Units”), although substantially all of the net proceeds are intended to be applied generally toward consummating a Business Combination. NYSE rules provide that the Business Combination must be with one or more target businesses that together have a fair market value equal to at least 80% of the balance in the Trust Account (as defined below) (less any deferred underwriting commissions and taxes payable on interest earned and less any interest earned thereon that is released for taxes) at the time of the signing of an agreement to enter into a Business Combination. The Company will only complete a Business Combination if the post-Business Combination company owns or acquires 50 10.15 10.45 The Company will provide its shareholders with the opportunity to redeem all or a portion of their Public Shares upon the completion of a Business Combination either (i) in connection with a shareholder meeting called to approve the Business Combination or (ii) by means of a tender offer. In connection with a proposed Business Combination, the Company may seek shareholder approval of a Business Combination at a meeting called for such purpose at which shareholders may seek to redeem their shares, regardless of whether they vote for or against a Business Combination. The Company will proceed with a Business Combination only if the Company has net tangible assets of at least $ 5,000,001 If the Company seeks shareholder approval of a Business Combination and it does not conduct redemptions pursuant to the tender offer rules, the Company’s Amended and Restated Memorandum and Articles of Association provides that a public shareholder, together with any affiliate of such shareholder or any other person with whom such shareholder is acting in concert or as a “group” (as defined under Section 13 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), will be restricted from seeking redemption rights with respect to 15% or more of the Public Shares without the Company’s prior written consent. The shareholders will be entitled to redeem their Public Shares for a pro rata portion of the amount then in the Trust Account (initially $ 10.15 10.45 INFINT ACQUISITION CORPORATION NOTES TO CONDENSED FINANCIAL STATEMENTS (Unaudited) If a shareholder vote is not required and the Company does not decide to hold a shareholder vote for business or other legal reasons, the Company will, pursuant to its Amended and Restated Memorandum and Articles of Association, offer such redemption pursuant to the tender offer rules of the Securities and Exchange Commission (“SEC”), and file tender offer documents containing substantially the same information as would be included in a proxy statement with the SEC prior to completing a Business Combination. The Sponsor has agreed (i) waive their redemption rights with respect to their founder shares and public shares in connection with the completion of the Business Combination; (ii) waive their redemption rights with respect to their founder shares and Public Shares in connection with a shareholder vote to approve an amendment to the Company’s amended and restated memorandum and articles of association (A) to modify the substance or timing of the Company’s obligation to allow redemption in connection with the initial Business Combination or to redeem 100% of the Public Shares if the Company has not consummated an initial Business Combination within 12 months from the closing of the Initial Public Offering or (B) with respect to any other material provisions relating to shareholders’ rights or pre-initial Business Combination activity; (iii) waive their rights to liquidating distributions from the trust account with respect to their founder shares if the Company fails to complete the initial Business Combination within 12 months from the closing of the Initial Public Offering (or up to 18 months from the closing of the Initial Public Offering if the Company extends the period of time to consummate a Business Combination, as described in more detail in this Quarterly Report), although they will be entitled to liquidating distributions from the trust account with respect to any public shares they hold if the Company fails to complete its initial Business Combination within the prescribed time frame; and (iv) vote any founder shares held by them and any public shares purchased during or after the Initial Public Offering (including in open market and privately-negotiated transactions) in favor of the initial Business Combination. The Company will have until 12 months from the closing of the Initial Public Offering (or up to 18 months from the closing of the Initial Public Offering if it extends the period of time to consummate a Business Combination, as described in more detail in this Quarterly Report) to consummate a Business Combination (the “Combination Period”). If the Company is unable to complete a Business Combination within the Combination Period, the Company will (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten business days thereafter, redeem the public shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account, including interest earned on the funds held in the trust account (less taxes payable and up to $ 100,000 The underwriter has agreed to waive its rights to the deferred underwriting commission held in the Trust Account in the event the Company does not complete a Business Combination within the Combination Period and, in such event, such amounts will be included with the funds held in the Trust Account that will be available to fund the redemption of the Public Shares. In the event of such distribution, it is possible that the per share value of the assets remaining available for distribution will be less than the Initial Public Offering price per Unit ($ 10.15 INFINT ACQUISITION CORPORATION NOTES TO CONDENSED FINANCIAL STATEMENTS (Unaudited) The Sponsor has agreed that it will be liable to the Company, if and to the extent any claims by a vendor for services rendered or products sold to the Company, or a prospective target business with which the Company has discussed entering into a transaction agreement, reduce the amounts in the Trust Account to below $ 10.15 10.45 On August 3, 2022, the Company entered into a Business Combination Agreement with FINTECH Merger Sub Corp., an exempted company limited by shares incorporated under the laws of the Cayman Islands and a wholly-owned subsidiary of the Company (“Merger Sub”), and Seamless Group Inc., an exempted company limited by shares incorporated under the laws of the Cayman Islands (“Seamless”) (as may be amended and restated from time to time, the “Business Combination Agreement”). The Business Combination Agreement was unanimously approved by the Company’s board of directors. If the Business Combination Agreement is approved by the Company’s shareholders (and the other closing conditions are satisfied or waived in accordance with the Business Combination Agreement), and the transactions contemplated by the Business Combination Agreement are consummated, Merger Sub will merge with and into Seamless (the “Merger”), with Seamless surviving the Merger as a wholly owned subsidiary of the Company (Seamless, as the surviving entity of the Merger, is referred to herein as “New Seamless” and such transactions are referred to collectively as the “Proposed Transactions”). Under the Business Combination Agreement, holders of Seamless’ shares (“ Seamless Shareholders 400,000,000 in aggregate consideration in the form of INFINT ordinary shares, par value $ 0.0001 per share (“ New INFINT Ordinary Shares 10.00 . At the effective time, by virtue of the Merger: ● all shares of Seamless issued and outstanding immediately prior to the effective time will be cancelled and converted into the right to receive, in accordance with the terms of the Business Combination Agreement and the Payment Spreadsheet (as defined in the Business Combination Agreement), the number of New INFINT Ordinary Shares set forth in the Payment Spreadsheet; ● Seamless options that are outstanding immediately prior to the effective time, whether vested or unvested, will be converted into options to purchase New INFINT Ordinary Shares (such options, the “ Exchanged Options ● the Seamless restricted stock unit awards (“RSUs”) that are outstanding immediately prior to the effective time will be converted into restricted stock unit awards to purchase New INFINT Ordinary Shares (such restricted stock unit awards, the “ Exchanged RSUs Proxy Statement/Prospectus and INFINT Shareholder Meeting The Company and Seamless have prepared and filed with the SEC a Registration Statement on Form S-4 on September 30, 2022, which included a proxy statement/prospectus that will be used as a proxy statement to be used in connection with the special meeting of the Company’s shareholders to be held to consider approval and adoption of (i) the Business Combination Agreement and the transactions contemplated therein (“INFINT Shareholder Meeting”), (ii) the issuance of New INFINT Ordinary Shares as contemplated by the Business Combination Agreement, (iii) the Company’s Second Amended and Restated Memorandum and Articles and (iv) any other proposals the parties deem necessary or desirable to effectuate the transactions contemplated by the Business Combination Agreement. In connection with entering into the Business Combination Agreement, the Company has also entered into the Sponsor Support Agreement and the Shareholder Support Agreement. See Note 5 below. The Business Combination Agreement contains customary representations and warranties, covenants and closing conditions, including, but not limited to, approval by the Company’s shareholders of the Business Combination Agreement and the Proposed Transaction. The terms of the Business Combination Agreement and other related ancillary agreements entered into or to be entered into in connection with the closing of the Proposed Transaction, including those briefly described below, are summarized in more detail in the Company’s Form 8-K filed with the SEC on August 9, 2022. Going Concern, Liquidity and Capital Resources As of September 30, 2022, the Company had approximately $ 551,858 1,303,242 Prior to the completion of the Initial Public Offering, the Company’s liquidity needs had been satisfied through the capital contribution of $ 25,100 400,000 Based on the foregoing, management believes that the Company expects to continue to incur significant costs in pursuit of the consummation of a Business Combination. The Company’s liquidity needs prior to the consummation of the Initial Public Offering had been satisfied through proceeds from notes payable and from the issuance of common stock. The Company will be using these funds for paying existing accounts payable, identifying and evaluating prospective initial Business Combination candidates, performing due diligence on prospective target businesses, paying for travel expenditures, selecting the target business to merge with or acquire, and structuring, negotiating and consummating the Business Combination. However, the $ 551,858 On August 3, 2022, the Company entered into a Business Combination Agreement with Seamless, as discussed above. The Company intends to complete the proposed Business Combination before the mandatory liquidation date. However, there can be no assurance that the Company will be able to consummate any Business Combination by November 23, 2022. Management has determined that the mandatory liquidation, should a Business Combination not occur, and potential subsequent dissolution, raises substantial doubt about the Company’s ability to continue as a going concern for the next twelve months from the issuance of these financial statements.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of presentation The accompanying financial statements are presented in U.S. Dollars and conformity with accounting principles generally accepted in the United States of America (“GAAP”) and pursuant to the rules and regulations of the SEC. Emerging growth company The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved. Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used. INFINT ACQUISITION CORPORATION NOTES TO CONDENSED FINANCIAL STATEMENTS (Unaudited) Use of estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from those estimates. Cash and Cash Equivalents The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The Company had no cash equivalents as of September 30, 2022 and December 31, 2021. Cash and Marketable Securities Held in Trust Account As of September 30, 2022, and December 31, 2021, the Company had $ 204,211,529 203,000,706 Offering Costs associated with the Initial Public Offering The Company complies with the requirements of the Financial Accounting Standards Board (“FASB”) ASC 340-10-S99-1 and SEC Staff Accounting Bulletin (“ SAB Expenses of Offering 582,540 consist principally of costs incurred in connection with formation of the Company and preparation for the Initial Public Offering and fair value of Representative Shares of $ 268,617 . These costs, together with the underwriter discount of $ 8,499,949 and fair value of the representation shares were charged to additional paid-in capital upon completion of the Initial Public Offering. Class A ordinary shares subject to possible redemption The Company accounts for its ordinary shares subject to possible redemption in accordance with the guidance enumerated in ASC 480, “Distinguishing Liabilities from Equity” (“ASC 480”). Ordinary shares subject to mandatory redemption are classified as a liability instrument and are measured at fair value. Conditionally redeemable ordinary shares (including ordinary shares that feature redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company’s control) are classified as temporary equity. At all other times, ordinary shares are classified as shareholders’ equity. The Company’s Class A ordinary shares feature certain redemption rights that are considered by the Company to be outside of the Company’s control and subject to the occurrence of uncertain future events. Accordingly, at September 30, 2022, the Class A ordinary shares subject to possible redemption in the amount of $ 204,211,529 are presented as temporary equity, outside of the shareholders’ equity section of the Company’s balance sheet. The Company’s redeemable ordinary shares is subject to SEC and its staff’s guidance on redeemable equity instruments, which has been codified in ASC 480-10-S99. If it is probable that the equity instrument will become redeemable, the Company has the option to either accrete changes in the redemption value over the period from the date of issuance (or from the date that it becomes probable that the instrument will become redeemable, if later) to the earliest redemption date of the instrument or to recognize changes in the redemption value immediately as they occur and adjust the carrying amount of the instrument to equal the redemption value at the end of each reporting period. The Company has elected to value immediately as they occur. The accretion or remeasurement is treated as a deemed dividend (i.e., a reduction to retained earnings, or in absence of retained earnings, additional paid-in capital). The amounts of Class A ordinary shares reflected on the balance sheet are reconciled in the following table: SCHEDULE OF RECONCILIATION OF ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION Gross proceeds $ 199,998,800 Less: Proceeds allocated to Public Warrants (as defined below) (7,482,088 ) Class A ordinary shares issuance costs (9,351,106 ) Plus: Offering costs allocated to Public Warrants (as defined below) 349,831 Accretion of carrying value to initial redemption value 19,483,345 Class A ordinary shares subject to possible redemption at December 31, 2021 $ 202,998,782 Accretion of carrying value to initial redemption value 1,212,747 Class A ordinary shares subject to possible redemption at September 30, 2022 $ 204,211,529 Warrants The Company accounts for warrants as either equity-classified or liability-classified instruments based on an assessment of the warrant’s specific terms and applicable authoritative guidance in ASC 480 and ASC 815, “Derivatives and Hedging” (“ASC 815”). The assessment considers whether the warrants are freestanding financial instruments pursuant to ASC 480, meet the definition of a liability pursuant to ASC 480, and whether the warrants meet all of the requirements for equity classification under ASC 815, including whether the warrants are indexed to the Company’s own Common Stock, among other conditions for equity classification. This assessment, which requires the use of professional judgment, is conducted at the time of warrant issuance and as of each subsequent reporting period end date while the warrants are outstanding. All of the Company’s warrants have met the criteria for equity treatment. Income taxes The Company complies with the accounting and reporting requirements of ASC 740, “Income Taxes” (“ASC 740”), which requires an asset and liability approach to financial accounting and reporting for income taxes. Deferred income tax assets and liabilities are computed for differences between the financial statement and tax bases of assets and liabilities that will result in future taxable or deductible amounts, based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. ASC 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. The Company’s management determined that the Cayman Islands is the Company’s only major tax jurisdiction. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. There were no unrecognized tax benefits and no amounts accrued for interest and penalties as of September 30, 2022 and December 31, 2021, and for the three months ended September 30, 2022, and for the period from March 8, 2021 (inception), through September 30, 2021. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. There is currently no taxation imposed on income by the Government of the Cayman Islands. In accordance with Cayman income tax regulations, income taxes are not levied on the Company. Consequently, income taxes are not reflected in the Company’s financial statements. The Company’s management does not expect that the total amount of unrecognized tax benefits will materially change over the next twelve months. INFINT ACQUISITION CORPORATION NOTES TO CONDENSED FINANCIAL STATEMENTS (Unaudited) Net loss per ordinary share The Company complies with accounting and disclosure requirements of ASC 260, “Earnings Per Share.” The Company applies the two-class method in calculating earnings per share. Earnings and losses are shared pro rata between the two classes of shares. Net loss per share is computed by dividing net loss by the weighted average number of ordinary share outstanding during the period, excluding ordinary share subject to forfeiture. At September 30, 2022, the Company did not have any dilutive securities and other contracts that could, potentially, be exercised or converted into ordinary share and then share in the earnings of the Company. As a result, diluted loss per share is the same as basic loss per share for the periods presented. The following table reflects the calculation of basic and diluted net loss per ordinary share (in dollars, except per share amounts): SCHEDULE OF BASIC AND DILUTED NET LOSS PER ORDINARY SHARE For the three months ended For the nine months ended Class A Class B Class A Class B Basic and diluted net loss per ordinary share Numerator: Allocation of net loss $ (156,519 ) $ (45,650 ) $ (1,276,064 ) $ (372,171 ) Denominator: Basic and diluted weighted average common shares 19,999,880 5,833,083 19,999,880 5,833,083 Basic and diluted net loss per ordinary share $ (0.01 ) $ (0.01 ) $ (0.06 ) $ (0.06 ) Concentration of credit risk Financial instruments that potentially subject the Company to concentration of credit risk consist of a cash account in a financial institution which, at times may exceed the Federal depository insurance coverage of $ 250,000 Fair value of financial instruments The fair value of the Company’s assets and liabilities, which qualify as financial instruments under FASB ASC 820, “Fair Value Measurements and Disclosures,” approximates the carrying amounts represented in the accompanying balance sheet, primarily due to their short-term nature. Recently issued accounting pronouncements Except for the below, management does not believe that any recently issued, but not yet effective, accounting pronouncements, if currently adopted, would have a material effect on the Company’s financial statements. In August 2020, the FASB issued Accounting Standards Update (“ASU”) 2020-06, Debt - Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging - Contracts in Entity’s Own Equity (Subtopic 815-40) (“ASU 2020-06”) to simplify certain financial instruments. ASU 2020-06 eliminates the current models that require separation of beneficial conversion and cash conversion features from convertible instruments and simplifies the derivative scope exception guidance pertaining to equity classification of contracts in an entity’s own equity. The new standard also introduces additional disclosures for convertible debt and freestanding instruments that are indexed to and settled in an entity’s own equity. ASU 2020-06 amends the diluted earnings per share guidance, including the requirement to use the converted method for all convertible instruments. ASU 2020-06 is effective for fiscal years beginning after December 15, 2021 and should be applied on a full or modified retrospective basis. Early adoption is permitted, but no earlier than fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. The Company adopted ASU 2020-06 and there was no impact to the Company’s financial position, results of operations or cash flows as a result of this adoption.

INITIAL PUBLIC OFFERING

INITIAL PUBLIC OFFERING	9 Months Ended
	Sep. 30, 2022
Initial Public Offering
INITIAL PUBLIC OFFERING	NOTE 3. INITIAL PUBLIC OFFERING On November 23, 2021, the Company consummated its Initial Public Offering of 19,999,880 10.00 199,998,800 9,351,106 which $ 2,499,985 5,999,964 268,617 582,540 Each Unit consists of one ordinary share and one-half of one redeemable warrant (“Public Warrant”). Each whole Public Warrant entitles the holder to purchase one Class A ordinary share at an exercise price of $ 11.50

PRIVATE PLACEMENT

PRIVATE PLACEMENT	9 Months Ended
	Sep. 30, 2022
Private Placement
PRIVATE PLACEMENT	NOTE 4. PRIVATE PLACEMENT Simultaneously with the closing of the Offering, the Company consummated the Private Placement of an aggregate of 7,796,842 Private Placement Warrants to the Sponsor, at a price 1.00 7,796,842 The proceeds from the sale of the Private Placement Warrants have been added to the net proceeds from the Initial Public Offering held in the Trust Account. The Private Placement Warrants are identical to the warrants sold in the Initial Public Offering, except as described in Note 7. If the Company does not complete a Business Combination within the Combination Period, the Private Placement Warrants will expire worthless. INFINT ACQUISITION CORPORATION NOTES TO CONDENSED FINANCIAL STATEMENTS (Unaudited)

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2022
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 5. RELATED PARTY TRANSACTIONS Founder Shares At September 30, 2022 and December 31, 2021, the Company issued an aggregate of 5,833,083 25,100 69,999 30,000 22.58 The initial shareholders have agreed not to transfer, assign or sell any of the Class B ordinary share (except to certain permitted transferees) or any of the Class B ordinary shares (or the Class A ordinary shares into which they be converted) until, the earlier of (i) nine months after the date of the consummation of a Business Combination, or (ii) the date on which the closing price of the Company’s Class A ordinary shares equals or exceeds $ 12.00 20 Promissory Note – Related Party On April 20, 2021, the Sponsor issued an unsecured promissory note (“the Promissory Note”) to the Company, pursuant to which the Company may borrow up to an aggregate principal amount of up to $ 400,000 0.01 696,875 338,038 December 10, 2021 As of September 30, 2022 and December 31, 2021, there was no Administrative Services Arrangement The Company’s Sponsor has agreed, commencing from the date that the Company’s securities are first listed on NYSE through the earlier of the Company’s consummation of a Business Combination and its liquidation, to make available to the Company certain general and administrative services, including office space, utilities and administrative services, as the Company may require from time to time. The Company has agreed to pay the Sponsor $ 10,000 90,000 n addition, the Company reimbursed such affiliate of the Sponsor for certain costs incurred on the Company’s behalf in the amount of $ 121,445 30,000 n addition, the Company reimbursed such affiliate of the Sponsor for certain costs incurred on the Company’s behalf in the amount of $ 44,621 Due to Related Party The Sponsor paid Form S-4 filing fee to SEC and other operation costs on behalf of the Company which was recorded as due to related party in the amount $ 46,867 nil Related Party Loans and Costs In order to finance transaction costs in connection with a Business Combination, the Company’s Sponsor or an affiliate of the Sponsor, or the Company’s officers and directors may, but are not obligated to, loan the Company funds as may be required (“Working Capital Loans”). Such Working Capital Loans would be evidenced by promissory notes. The notes would either be repaid upon consummation of a Business Combination, without interest, or, at the lender’s discretion, up to $ 1,500,000 1.00 The Company will have until 12 months from the closing of the Initial Public Offering to consummate its initial Business Combination. However, if the Company anticipates that it may not be able to consummate the Company’s initial Business Combination within 12 months, the Company may, by resolution of the Company’s board of directors if requested by its Sponsor, extend the period of time to consummate a Business Combination up to two times, each by an additional three months (for a total of up to 18 months to complete a Business Combination), subject to the Sponsor depositing additional funds into the trust account as set out below. Pursuant to the terms of the trust agreement to be entered into between the Company and Continental Stock Transfer & Trust Company, LLC, in order to extend the time available for the Company to consummate its initial Business Combination, the initial shareholders or their affiliates or designees, upon five days advance notice prior to the applicable deadline, must deposit into the trust account for each three-month extension, $ 2,999,982 0.15 5,999,964 0.30 1,500,000 1.00 INFINT ACQUISITION CORPORATION NOTES TO CONDENSED FINANCIAL STATEMENTS (Unaudited) Representative Shares On November 23, 2021, the Company assigned 99,999 shares of Class B ordinary share to the representative for nominal consideration (the “Representative Shares”). The Company estimated the fair value of Representative Shares to be $ 268,617 , which is 2.87 % of total offering cost of $ 9,351,106 . The Company recognized the estimated fair value as part of offering costs. The holders the holders The Representative Shares have been deemed compensation by FINRA and are therefore subject to a lock-up for a period of 180 days immediately following the effective date of the registration statement related to the Initial Public Offering pursuant to Rule 5110I(1) of FINRA’s NASD Conduct Rules. Pursuant to FINRA Rule 5110I(1), these securities will not be the subject of any hedging, short sale, derivative, put or call transaction that would result in the economic disposition of the securities by any person for a period of 180 days immediately following the effective date of the registration statements related to the Initial Public Offering, nor may they be sold, transferred, assigned, pledged or hypothecated for a period of 180 days immediately following the effective date of the registration statements related to the Initial Public Offering except to any underwriter and selected dealer participating in the Initial Public Offering and their bona fide officers or partners.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 6. COMMITMENTS AND CONTINGENCIES Registration Rights The holders Underwriting Agreement The Company purchased the 2,608,680 The underwriter received a cash underwriting discount of (i) one and one-quarter percent ( 1.25 2,499,985 0.5 3.00 5,999,964 Shareholder Support Agreement Concurrently with the execution of the Business Combination Agreement, the Company, Seamless Shareholders and Seamless entered into the Shareholder Support Agreement, pursuant to which, among other things, such Seamless Shareholders party thereto agreed to (a) vote their Seamless shares in support and favor of the Business Combination Agreement, the Proposed Transactions and all other matters or resolutions that could reasonably be expected to facilitate the Proposed Transactions, (b) waive any dissenters’ rights in connection with the Proposed Transactions, (c) not transfer their respective Seamless shares and (d) terminate the Seamless’ shareholders’ agreement at or prior to Closing. Sponsor Support Agreement Concurrently with the execution of the Business Combination Agreement, the Sponsor, the Company and Seamless had entered into the Sponsor Support Agreement, pursuant to which, among other things, the Sponsor agreed to (a) vote at the INFINT Shareholder Meeting Registration Rights Agreement At the Closing, the Company and certain Seamless Shareholders and the Company’s shareholders party thereto (such shareholders, the “ Holders Lock-Up Agreement At the Closing, the Company will enter into individual Lock-Up Agreements with each of certain Seamless Shareholders (each, a “Locked-Up Shareholder”) pursuant to which, among other things, New INFINT Ordinary Shares held by each Locked-Up Shareholder will be locked-up for a period ending on the earlier of (A) six (6) months following the Closing and (B) the date after the Closing on which the Company consummates a liquidation, merger, capital stock exchange, reorganization, or other similar transaction with an unaffiliated third party that results in all of the Company’s shareholders having the right to exchange their shares for cash, securities, or other property. Right of First Refusal For a period beginning on the closing of the Initial Public Offering and ending 12 months from the closing of a Business Combination, the Company has granted EF Hutton a right of first refusal to act as lead-left book running manager and lead left manager for any and all future private or public equity, convertible and debt offerings during such period. In accordance with FINRA Rule 5110(f)(2)I(i), such right of first refusal shall not have a duration of more than three years from the effective date of the registration statement. Risks and Uncertainties Management is currently evaluating the impact of the COVID-19 pandemic on the industry and has concluded that while it is reasonably possible that the virus could have a negative effect on the Company’s financial position, results of its operations, close of the Initial Public Offering, and/or search for a target company, the specific impact is not readily determinable as of the date of these financial statements. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. INFINT ACQUISITION CORPORATION NOTES TO CONDENSED FINANCIAL STATEMENTS (Unaudited)

SHAREHOLDER_S EQUITY

SHAREHOLDER’S EQUITY	9 Months Ended
	Sep. 30, 2022
Equity [Abstract]
SHAREHOLDER’S EQUITY	NOTE 7. SHAREHOLDER’S EQUITY Preferred Shares 5,000,000 0.0001 no Class A Ordinary share 500,000,000 0.0001 no 19,999,880 Class B Ordinary share — 50,000,000 0.0001 5,833,083 69,999 30,000 5,733,084 99,999 22.58 Warrants — five years The Company will not be obligated to deliver any Class A ordinary share pursuant to the exercise of a Public Warrant and will have no obligation to settle such Public Warrant exercise unless a registration statement under the Securities Act covering the issuance of the Class A ordinary share issuable upon exercise of the Public Warrants is then effective and a prospectus relating thereto is current, subject to the Company satisfying its obligations with respect to registration or such issuance is deemed to be exempt under the Securities Act and the securities laws of the state of residence of the registered holder of the warrants. Once the warrants become exercisable, the Company may redeem the Public Warrants: ● in whole and not in part; ● at a price of $ 0.01 ● at any time after the warrants become exercisable, ● upon not less than 30 days’ prior written notice of redemption to each warrant holder; ● if, and only if, the reported last sale price of the Class A ordinary shares equals or exceeds $ 18.00 ● if , and only if, there is a current registration statement in effect with respect to the Class A ordinary shares underlying such warrants. If the Company calls the Public Warrants for redemption, management will have the option to require all holders that wish to exercise the Public Warrants to do so on a “cashless basis,” as described in the warrant agreement. The exercise price and number of Class A ordinary share issuable upon exercise of the warrants may be adjusted in certain circumstances including in the event of a stock dividend, or recapitalization, reorganization, merger or consolidation. However, except as described below, the warrants will not be adjusted for issuance of Class A ordinary share at a price below its exercise price. Additionally, in no event will the Company be required to net cash settle the warrants. If the Company is unable to complete a Business Combination within the Combination Period and the Company liquidates the funds held in the Trust Account, holders of warrants will not receive any of such funds with respect to their warrants, nor will they receive any distribution from the Company’s assets held outside of the Trust Account with the respect to such warrants. Accordingly, the warrants may expire worthless. I NFINT ACQUISITION CORPORATION NOTES TO CONDENSED FINANCIAL STATEMENTS (Unaudited) In addition, if (x) the Company issues additional Class A ordinary share or equity-linked securities in connection with the closing of a Business Combination at an issue price or effective issue price of less than $9.20 per share of Class A ordinary share (with such issue price or effective issue price to be determined in good faith by the Company’s board of directors, and, in the case of any such issuance to the Sponsor or its affiliates, without taking into account any Founder Shares held by the Sponsor or its affiliates, as applicable, prior to such issuance) (the “Newly Issued Price”), (y) the aggregate gross proceeds from such issuances represent more than 60% of the total equity proceeds, and interest thereon, available for the funding of a Business Combination on the date of the completion of a Business Combination (net of redemptions), and (z) the volume weighted average trading price of the Company’s Class A ordinary share during the 20 trading day period starting on the trading day after the day on which the Company completes a Business Combination (such price, the “Market Value”) is below $9.20 per share, the exercise price of the warrants will be adjusted (to the nearest cent) to be equal to 115% of the greater of the Market Value and the Newly Issued Price, and the $18.00 per share redemption trigger price will be adjusted (to the nearest cent) to be equal to 180% of the greater of the Market Value and the Newly Issued Price The Private Placement Warrants, as well as up to 1,500,000 At September 30, 2022 and December 31, 2021, there were 9,999,940 7,796,842 The Company accounts for warrants as either equity-classified or liability-classified instruments based on an assessment of the instruments’ specific terms and applicable authoritative guidance in ASC 480 and ASC 815. The assessment considers whether the instruments are free standing financial instruments pursuant to ASC 480, meet the definition of a liability pursuant to ASC 480, and whether the instruments meet all of the requirements for equity classification under ASC 815, including whether the instruments are indexed to the Company’s own common shares and whether the instrument holders could potentially require “net cash settlement” in a circumstance outside of the Company’s control, among other conditions for equity classification. This assessment, which requires the use of professional judgment, was conducted at the time of warrant issuance and as of each subsequent period end date while the instruments are outstanding. Management has concluded that the Public Warrants and Private Warrants issued pursuant to the warrant agreement qualify for equity accounting treatment.

INITIAL BUSINESS COMBINATION

INITIAL BUSINESS COMBINATION	9 Months Ended
	Sep. 30, 2022
Business Combination and Asset Acquisition [Abstract]
INITIAL BUSINESS COMBINATION	NOTE 8. INITIAL BUSINESS COMBINATION On August 3, 2022, the Company entered into the Business Combination Agreement with Merger Sub and Seamless. See Note 1 for more detailed discussions.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 9. SUBSEQUENT EVENTS In accordance with ASC 855, “Subsequent Events”, which establishes general standards of accounting for and disclosure of events that occur after the balance sheet date but before financial statements are issued, the Company has evaluated all events or transactions that occurred up to the date the audited financial statements were issued. Based upon this review, the Company did not identify any subsequent events that would have required adjustment or disclosure in the condensed financial statements. On October 20, 2022, the Company filed a Preliminary Proxy Statement on Schedule 14A (the “Preliminary Proxy Statement”) relating to an extraordinary general meeting of shareholders (the “Extraordinary General Meeting) that is anticipated to be held in December 2022 to approve an amendment to the Company’s Amended and Restated Memorandum and Articles of Association which would, if implemented, allow the Company to extend the date by which it has to consummate a Business Combination (the “Extension”) for an additional four months, from November 23, 2022 to March 23, 2023 (such later date, the “Extended Date,” and such proposal, the “Extension Proposal”). The Company will also seek shareholder approval for the adjournment of the Extraordinary General Meeting to a later date or dates, if necessary, to permit further solicitation and vote of proxies in the event that there are insufficient votes for, or otherwise in connection with, the approval of the Extension Proposal. On November 2, 2022, the Company filed a Definitive Proxy Statement on Schedule 14A.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Basis of presentation	Basis of presentation The accompanying financial statements are presented in U.S. Dollars and conformity with accounting principles generally accepted in the United States of America (“GAAP”) and pursuant to the rules and regulations of the SEC.
Emerging growth company	Emerging growth company The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved. Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used. INFINT ACQUISITION CORPORATION NOTES TO CONDENSED FINANCIAL STATEMENTS (Unaudited)
Use of estimates	Use of estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from those estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The Company had no cash equivalents as of September 30, 2022 and December 31, 2021.
Cash and Marketable Securities Held in Trust Account	Cash and Marketable Securities Held in Trust Account As of September 30, 2022, and December 31, 2021, the Company had $ 204,211,529 203,000,706
Offering Costs associated with the Initial Public Offering	Offering Costs associated with the Initial Public Offering The Company complies with the requirements of the Financial Accounting Standards Board (“FASB”) ASC 340-10-S99-1 and SEC Staff Accounting Bulletin (“ SAB Expenses of Offering 582,540 consist principally of costs incurred in connection with formation of the Company and preparation for the Initial Public Offering and fair value of Representative Shares of $ 268,617 . These costs, together with the underwriter discount of $ 8,499,949 and fair value of the representation shares were charged to additional paid-in capital upon completion of the Initial Public Offering.
Class A ordinary shares subject to possible redemption	Class A ordinary shares subject to possible redemption The Company accounts for its ordinary shares subject to possible redemption in accordance with the guidance enumerated in ASC 480, “Distinguishing Liabilities from Equity” (“ASC 480”). Ordinary shares subject to mandatory redemption are classified as a liability instrument and are measured at fair value. Conditionally redeemable ordinary shares (including ordinary shares that feature redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company’s control) are classified as temporary equity. At all other times, ordinary shares are classified as shareholders’ equity. The Company’s Class A ordinary shares feature certain redemption rights that are considered by the Company to be outside of the Company’s control and subject to the occurrence of uncertain future events. Accordingly, at September 30, 2022, the Class A ordinary shares subject to possible redemption in the amount of $ 204,211,529 are presented as temporary equity, outside of the shareholders’ equity section of the Company’s balance sheet. The Company’s redeemable ordinary shares is subject to SEC and its staff’s guidance on redeemable equity instruments, which has been codified in ASC 480-10-S99. If it is probable that the equity instrument will become redeemable, the Company has the option to either accrete changes in the redemption value over the period from the date of issuance (or from the date that it becomes probable that the instrument will become redeemable, if later) to the earliest redemption date of the instrument or to recognize changes in the redemption value immediately as they occur and adjust the carrying amount of the instrument to equal the redemption value at the end of each reporting period. The Company has elected to value immediately as they occur. The accretion or remeasurement is treated as a deemed dividend (i.e., a reduction to retained earnings, or in absence of retained earnings, additional paid-in capital). The amounts of Class A ordinary shares reflected on the balance sheet are reconciled in the following table: SCHEDULE OF RECONCILIATION OF ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION Gross proceeds $ 199,998,800 Less: Proceeds allocated to Public Warrants (as defined below) (7,482,088 ) Class A ordinary shares issuance costs (9,351,106 ) Plus: Offering costs allocated to Public Warrants (as defined below) 349,831 Accretion of carrying value to initial redemption value 19,483,345 Class A ordinary shares subject to possible redemption at December 31, 2021 $ 202,998,782 Accretion of carrying value to initial redemption value 1,212,747 Class A ordinary shares subject to possible redemption at September 30, 2022 $ 204,211,529
Warrants	Warrants The Company accounts for warrants as either equity-classified or liability-classified instruments based on an assessment of the warrant’s specific terms and applicable authoritative guidance in ASC 480 and ASC 815, “Derivatives and Hedging” (“ASC 815”). The assessment considers whether the warrants are freestanding financial instruments pursuant to ASC 480, meet the definition of a liability pursuant to ASC 480, and whether the warrants meet all of the requirements for equity classification under ASC 815, including whether the warrants are indexed to the Company’s own Common Stock, among other conditions for equity classification. This assessment, which requires the use of professional judgment, is conducted at the time of warrant issuance and as of each subsequent reporting period end date while the warrants are outstanding. All of the Company’s warrants have met the criteria for equity treatment.
Income taxes	Income taxes The Company complies with the accounting and reporting requirements of ASC 740, “Income Taxes” (“ASC 740”), which requires an asset and liability approach to financial accounting and reporting for income taxes. Deferred income tax assets and liabilities are computed for differences between the financial statement and tax bases of assets and liabilities that will result in future taxable or deductible amounts, based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. ASC 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. The Company’s management determined that the Cayman Islands is the Company’s only major tax jurisdiction. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. There were no unrecognized tax benefits and no amounts accrued for interest and penalties as of September 30, 2022 and December 31, 2021, and for the three months ended September 30, 2022, and for the period from March 8, 2021 (inception), through September 30, 2021. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. There is currently no taxation imposed on income by the Government of the Cayman Islands. In accordance with Cayman income tax regulations, income taxes are not levied on the Company. Consequently, income taxes are not reflected in the Company’s financial statements. The Company’s management does not expect that the total amount of unrecognized tax benefits will materially change over the next twelve months. INFINT ACQUISITION CORPORATION NOTES TO CONDENSED FINANCIAL STATEMENTS (Unaudited)
Net loss per ordinary share	Net loss per ordinary share The Company complies with accounting and disclosure requirements of ASC 260, “Earnings Per Share.” The Company applies the two-class method in calculating earnings per share. Earnings and losses are shared pro rata between the two classes of shares. Net loss per share is computed by dividing net loss by the weighted average number of ordinary share outstanding during the period, excluding ordinary share subject to forfeiture. At September 30, 2022, the Company did not have any dilutive securities and other contracts that could, potentially, be exercised or converted into ordinary share and then share in the earnings of the Company. As a result, diluted loss per share is the same as basic loss per share for the periods presented. The following table reflects the calculation of basic and diluted net loss per ordinary share (in dollars, except per share amounts): SCHEDULE OF BASIC AND DILUTED NET LOSS PER ORDINARY SHARE For the three months ended For the nine months ended Class A Class B Class A Class B Basic and diluted net loss per ordinary share Numerator: Allocation of net loss $ (156,519 ) $ (45,650 ) $ (1,276,064 ) $ (372,171 ) Denominator: Basic and diluted weighted average common shares 19,999,880 5,833,083 19,999,880 5,833,083 Basic and diluted net loss per ordinary share $ (0.01 ) $ (0.01 ) $ (0.06 ) $ (0.06 )
Concentration of credit risk	Concentration of credit risk Financial instruments that potentially subject the Company to concentration of credit risk consist of a cash account in a financial institution which, at times may exceed the Federal depository insurance coverage of $ 250,000
Fair value of financial instruments	Fair value of financial instruments The fair value of the Company’s assets and liabilities, which qualify as financial instruments under FASB ASC 820, “Fair Value Measurements and Disclosures,” approximates the carrying amounts represented in the accompanying balance sheet, primarily due to their short-term nature.
Recently issued accounting pronouncements	Recently issued accounting pronouncements Except for the below, management does not believe that any recently issued, but not yet effective, accounting pronouncements, if currently adopted, would have a material effect on the Company’s financial statements. In August 2020, the FASB issued Accounting Standards Update (“ASU”) 2020-06, Debt - Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging - Contracts in Entity’s Own Equity (Subtopic 815-40) (“ASU 2020-06”) to simplify certain financial instruments. ASU 2020-06 eliminates the current models that require separation of beneficial conversion and cash conversion features from convertible instruments and simplifies the derivative scope exception guidance pertaining to equity classification of contracts in an entity’s own equity. The new standard also introduces additional disclosures for convertible debt and freestanding instruments that are indexed to and settled in an entity’s own equity. ASU 2020-06 amends the diluted earnings per share guidance, including the requirement to use the converted method for all convertible instruments. ASU 2020-06 is effective for fiscal years beginning after December 15, 2021 and should be applied on a full or modified retrospective basis. Early adoption is permitted, but no earlier than fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. The Company adopted ASU 2020-06 and there was no impact to the Company’s financial position, results of operations or cash flows as a result of this adoption.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
SCHEDULE OF RECONCILIATION OF ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION	The amounts of Class A ordinary shares reflected on the balance sheet are reconciled in the following table: SCHEDULE OF RECONCILIATION OF ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION Gross proceeds $ 199,998,800 Less: Proceeds allocated to Public Warrants (as defined below) (7,482,088 ) Class A ordinary shares issuance costs (9,351,106 ) Plus: Offering costs allocated to Public Warrants (as defined below) 349,831 Accretion of carrying value to initial redemption value 19,483,345 Class A ordinary shares subject to possible redemption at December 31, 2021 $ 202,998,782 Accretion of carrying value to initial redemption value 1,212,747 Class A ordinary shares subject to possible redemption at September 30, 2022 $ 204,211,529
SCHEDULE OF BASIC AND DILUTED NET LOSS PER ORDINARY SHARE	The following table reflects the calculation of basic and diluted net loss per ordinary share (in dollars, except per share amounts): SCHEDULE OF BASIC AND DILUTED NET LOSS PER ORDINARY SHARE For the three months ended For the nine months ended Class A Class B Class A Class B Basic and diluted net loss per ordinary share Numerator: Allocation of net loss $ (156,519 ) $ (45,650 ) $ (1,276,064 ) $ (372,171 ) Denominator: Basic and diluted weighted average common shares 19,999,880 5,833,083 19,999,880 5,833,083 Basic and diluted net loss per ordinary share $ (0.01 ) $ (0.01 ) $ (0.06 ) $ (0.06 )

DESCRIPTION OF ORGANIZATION, _2

DESCRIPTION OF ORGANIZATION, BUSINESS OPERATIONS AND GOING CONCERN (Details Narrative) - USD ($)			9 Months Ended
	Aug. 03, 2022	Nov. 23, 2021	Sep. 30, 2022	Dec. 31, 2021
Subsidiary, Sale of Stock [Line Items]
Entity incorporation, date of incorporation			Mar. 08, 2021
Deferred underwriting commissions		$ 5,999,964
Warrants price per share			$ 0.01
Transaction costs		9,351,106
Underwriting fees		2,499,985
Sale of stock consideration on transaction, fair value		268,617
Other offering costs		582,540
Ownership interest			50%
Tangible assets net			$ 5,000,001
Dissolution expenses			100,000
Cash			551,858
Working capital			$ 1,303,242
Sponsor [Member]
Subsidiary, Sale of Stock [Line Items]
Stock issued		25,100
Notes issued		$ 400,000
FINTECH Merger Sub Corp [Member] | Business Combination Agreement [Member]
Subsidiary, Sale of Stock [Line Items]
Offering price	$ 10
Business Combination, Consideration Transferred	$ 400,000,000
Common Stock, Par or Stated Value Per Share	$ 0.0001
Common Class A [Member]
Subsidiary, Sale of Stock [Line Items]
Sale of stock price per share			$ 12
Common Stock, Par or Stated Value Per Share			0.0001	$ 0.0001
IPO [Member]
Subsidiary, Sale of Stock [Line Items]
Sale of stock price per share		$ 10.15	10.15
Proceeds from initial public offering		$ 202,998,782
Offering price			10.15
IPO [Member] | Three-month Extensions [Member]
Subsidiary, Sale of Stock [Line Items]
Sale of stock price per share			$ 10.45
IPO [Member] | Common Class A [Member]
Subsidiary, Sale of Stock [Line Items]
Stock issued during period, new issues		19,999,880
Sale of stock price per share		$ 10
Proceeds from initial public offering		$ 199,998,800
Offering costs		9,351,106
Deferred underwriting commissions		$ 5,999,964
Warrants price per share		$ 11.50
Underwriting fees		$ 2,499,985
Sale of stock consideration on transaction, fair value		268,617
Other offering costs		$ 582,540
Over-Allotment Option [Member]
Subsidiary, Sale of Stock [Line Items]
Stock issued during period, new issues		2,608,680
Private Placement Warrants [Member]
Subsidiary, Sale of Stock [Line Items]
Warrants issued, shares		7,796,842
Warrants price per share		$ 1
Proceeds from warrants		$ 7,796,842

SCHEDULE OF RECONCILIATION OF O

SCHEDULE OF RECONCILIATION OF ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Sep. 30, 2022
Class A ordinary shares subject to possible redemption beginning balance			$ 203,000,706
Accretion of carrying value to initial redemption value	$ (916,262)	$ (296,485)
Class A ordinary shares subject to possible redemption ending balace	204,211,529		204,211,529
Class A Ordinary Shares Subject To Redemption [Member]
Gross proceeds	199,998,800		199,998,800
Proceeds allocated to Public Warrants			(7,482,088)
Class A ordinary shares issuance costs			(9,351,106)
Offering costs allocated to public warrants			349,831
Accretion of carrying value to initial redemption value			19,483,345
Class A ordinary shares subject to possible redemption beginning balance			202,998,782
Accretion of carrying value to initial redemption value			1,212,747
Class A ordinary shares subject to possible redemption ending balace	$ 204,211,529		$ 204,211,529

SCHEDULE OF BASIC AND DILUTED N

SCHEDULE OF BASIC AND DILUTED NET LOSS PER ORDINARY SHARE (Details) - USD ($)		3 Months Ended		7 Months Ended	9 Months Ended
		Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2021	Sep. 30, 2022
Basic and diluted net loss per ordinary share		$ (0.01)		$ (0.01)	$ (0.06)
Common Class A [Member]
Allocation of net loss		$ (156,519)			$ (1,276,064)
Basic and diluted weighted average common shares		19,999,880			19,999,880
Basic and diluted net loss per ordinary share		$ (0.01)			$ (0.06)
Common Class B [Member]
Allocation of net loss		$ (45,650)			$ (372,171)
Basic and diluted weighted average common shares	[1]	5,833,083	5,072,246	5,072,246	5,833,083
Basic and diluted net loss per ordinary share		$ (0.01)			$ (0.06)
[1]On September 30, 2021, an aggregate of 5,072,246 760,837 801,833 5,833,083

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	9 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Accounting Policies [Abstract]
Cash and marketable securities held in trust account	$ 204,211,529	$ 203,000,706
Deferred Offering Costs	582,540
Adjustments to Additional Paid in Capital, Fair Value	268,617
[custom:UnderwriterDiscount-0]	8,499,949
Temporary Equity, Par Value	204,211,529	$ 202,998,782
Federal depository insurance	$ 250,000

INITIAL PUBLIC OFFERING (Detail

INITIAL PUBLIC OFFERING (Details Narrative) - USD ($)	Nov. 23, 2021	Sep. 30, 2022
Subsidiary, Sale of Stock [Line Items]
Underwriting fees	$ 2,499,985
Deferred underwriting commissions	5,999,964
Sale of stock consideration on transaction, fair value	268,617
Other offering cost	$ 582,540
Warrant exercise price per share		$ 0.01
Common Class A [Member]
Subsidiary, Sale of Stock [Line Items]
Sale of stock price per share		12
IPO [Member]
Subsidiary, Sale of Stock [Line Items]
Sale of stock price per share	$ 10.15	$ 10.15
Proceeds from initial public offering	$ 202,998,782
IPO [Member] | Common Class A [Member]
Subsidiary, Sale of Stock [Line Items]
Stock issued during period, new issues	19,999,880
Sale of stock price per share	$ 10
Proceeds from initial public offering	$ 199,998,800
Offering costs	9,351,106
Underwriting fees	2,499,985
Deferred underwriting commissions	5,999,964
Sale of stock consideration on transaction, fair value	268,617
Other offering cost	$ 582,540
Warrant exercise price per share	$ 11.50

PRIVATE PLACEMENT (Details Narr

PRIVATE PLACEMENT (Details Narrative) - USD ($)	Nov. 23, 2021	Sep. 30, 2022
Subsidiary, Sale of Stock [Line Items]
Warrants price per share		$ 0.01
Private Placement Warrants [Member]
Subsidiary, Sale of Stock [Line Items]
Warrants issued, shares	7,796,842
Warrants price per share	$ 1
Proceeds from warrants gross	$ 7,796,842

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative)				3 Months Ended		9 Months Ended	12 Months Ended
		Nov. 23, 2021 USD ($) $ / shares shares	Apr. 20, 2021 USD ($)	Sep. 30, 2022 USD ($) $ / shares shares	Jun. 30, 2021 USD ($)	Sep. 30, 2022 USD ($) Integer $ / shares shares	Dec. 31, 2021 USD ($) shares
Related Party Transaction [Line Items]
Interest rate				50%		50%
Promissory note related party				$ 0		$ 0	$ 0
Due to related party				$ 46,867		$ 46,867
Warrants exercise per share | $ / shares				$ 0.01		$ 0.01
Share price | $ / shares				$ 18		$ 18
Stock Issued During Period, Value, New Issues	[1]				$ 25,100
Administrative Support Agreement [Member]
Related Party Transaction [Line Items]
Payment for services						$ 10,000
Administrative services expenses				$ 30,000		90,000
Reimbursed cost				$ 44,621		$ 121,445
Promissory Note [Member]
Related Party Transaction [Line Items]
Proceeds from note payable related party			$ 338,038
Debt maturity date			Dec. 10, 2021
IPO [Member]
Related Party Transaction [Line Items]
Sale of stock price per share | $ / shares		$ 10.15		$ 10.15		$ 10.15
Proceeds from offering		$ 202,998,782
IPO [Member] | Promissory Note [Member]
Related Party Transaction [Line Items]
Proceeds from offering			$ 696,875
IPO [Member] | Sponsor [Member] | Promissory Note [Member]
Related Party Transaction [Line Items]
Debt principal amount			$ 400,000
Interest rate			0.01%
Sponsor [Member]
Related Party Transaction [Line Items]
Share price | $ / shares				0.30		$ 0.30
Payment value under underwriters						$ 5,999,964
Affiliate Sponsor [Member]
Related Party Transaction [Line Items]
Debt repayment conversion						$ 1,500,000
Warrants exercise per share | $ / shares				$ 1		$ 1
Deposits				$ 2,999,982		$ 2,999,982
Share price | $ / shares				$ 0.15		$ 0.15
Affiliate Sponsor [Member] | Maximum [Member]
Related Party Transaction [Line Items]
Debt repayment conversion						$ 1,500,000
Affiliate Sponsor [Member] | Private Placement [Member]
Related Party Transaction [Line Items]
Warrants exercise per share | $ / shares				$ 1		$ 1
Common Class B [Member]
Related Party Transaction [Line Items]
Common stock, shares, issued | shares				5,833,083		5,833,083	5,833,083
Common stock value issued				$ 583		$ 583	$ 583
Issuance of Class B Ordinary Share to Sponsor, shares | shares		99,999
Percentage of issued and outstanding shares after initial public offering				22.58%		22.58%	22.58%
Stock Issued During Period, Value, New Issues		$ 268,617
[custom:OfferingCostPercent-0]		2.87%
Payments of Stock Issuance Costs		$ 9,351,106
Common Class B [Member] | Sponsor [Member]
Related Party Transaction [Line Items]
Common stock value issued				$ 25,100		$ 25,100	$ 25,100
Issuance of Class B Ordinary Share to Sponsor, shares | shares						69,999
Common Class B [Member] | EF Hutton [Member]
Related Party Transaction [Line Items]
Issuance of Class B Ordinary Share to Sponsor, shares | shares						69,999	69,999
Common Class B [Member] | Jones Trading [Member]
Related Party Transaction [Line Items]
Issuance of Class B Ordinary Share to Sponsor, shares | shares						30,000	30,000
Common Class A [Member]
Related Party Transaction [Line Items]
Common stock, shares, issued | shares				0		0	0
Common stock value issued
Sale of stock price per share | $ / shares				$ 12		$ 12
Common Class A [Member] | IPO [Member]
Related Party Transaction [Line Items]
Issuance of Class B Ordinary Share to Sponsor, shares | shares		19,999,880
Sale of stock price per share | $ / shares		$ 10
Proceeds from offering		$ 199,998,800
Warrants exercise per share | $ / shares		$ 11.50
Payments of Stock Issuance Costs		$ 9,351,106
Common Class A [Member] | Affiliate Sponsor [Member]
Related Party Transaction [Line Items]
Ordinary shares trading days | Integer						20
[1]Effective on November 18, 2021, the Subscription Agreement was amended and restated to reflect an additional issuance to Sponsor of 801,833 5,833,083

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative)	Nov. 23, 2021 USD ($) shares
Underwriting Agreement [Member]
Loss Contingencies [Line Items]
Percentage of underwriting discount	0.50%
Underwriters Agreement [Member]
Loss Contingencies [Line Items]
Percent of underwriting deferred fee	3%
Underwriters Agreement [Member] | Deferred Fee [Member]
Loss Contingencies [Line Items]
Proceeds from issuance initial public offering gross	$ 5,999,964
Over-Allotment Option [Member]
Loss Contingencies [Line Items]
Issuance of Class B Ordinary Share to Sponsor, shares | shares	2,608,680
IPO [Member]
Loss Contingencies [Line Items]
Proceeds from issuance initial public offering gross	$ 202,998,782
IPO [Member] | Underwriting Agreement [Member]
Loss Contingencies [Line Items]
Percentage of underwriting discount	1.25%
Proceeds from issuance initial public offering gross	$ 2,499,985

SHAREHOLDER_S EQUITY (Details N

SHAREHOLDER’S EQUITY (Details Narrative) - USD ($)		9 Months Ended	12 Months Ended
	Nov. 23, 2021	Sep. 30, 2022	Dec. 31, 2021
Class of Stock [Line Items]
Preferred stock, shares authorized		5,000,000	5,000,000
Preferred stock, par value		$ 0.0001	$ 0.0001
Preferred stock, shares issued		0	0
Preferred stock, shares outstanding		0	0
Class A ordinary shares subject to possible redemption, shares		19,999,880	19,999,880
Warrant expire period		5 years
Warrant exercise price per share		$ 0.01
Shares issued price per share		$ 18
Sale of stock description		In addition, if (x) the Company issues additional Class A ordinary share or equity-linked securities in connection with the closing of a Business Combination at an issue price or effective issue price of less than $9.20 per share of Class A ordinary share (with such issue price or effective issue price to be determined in good faith by the Company’s board of directors, and, in the case of any such issuance to the Sponsor or its affiliates, without taking into account any Founder Shares held by the Sponsor or its affiliates, as applicable, prior to such issuance) (the “Newly Issued Price”), (y) the aggregate gross proceeds from such issuances represent more than 60% of the total equity proceeds, and interest thereon, available for the funding of a Business Combination on the date of the completion of a Business Combination (net of redemptions), and (z) the volume weighted average trading price of the Company’s Class A ordinary share during the 20 trading day period starting on the trading day after the day on which the Company completes a Business Combination (such price, the “Market Value”) is below $9.20 per share, the exercise price of the warrants will be adjusted (to the nearest cent) to be equal to 115% of the greater of the Market Value and the Newly Issued Price, and the $18.00 per share redemption trigger price will be adjusted (to the nearest cent) to be equal to 180% of the greater of the Market Value and the Newly Issued Price
Private Placement Warrants [Member]
Class of Stock [Line Items]
Warrant exercise price per share	$ 1
Warrants outstanding		$ 1,500,000
Public Warrants [Member]
Class of Stock [Line Items]
Warrants outstanding		9,999,940	$ 9,999,940
Private Warrants [Member]
Class of Stock [Line Items]
Warrants outstanding		$ 7,796,842	$ 7,796,842
Sponsor [Member]
Class of Stock [Line Items]
Shares issued price per share		$ 0.30
Common Class A [Member]
Class of Stock [Line Items]
Ordinary shares, shares authorized		500,000,000	500,000,000
Ordinary shares, par value		$ 0.0001	$ 0.0001
Ordinary shares, shares issued		0	0
Ordinary shares, shares outstanding		0	0
Class A ordinary shares subject to possible redemption, shares		19,999,880	19,999,880
Common Class B [Member]
Class of Stock [Line Items]
Ordinary shares, shares authorized		50,000,000	50,000,000
Ordinary shares, par value		$ 0.0001	$ 0.0001
Ordinary shares, shares issued		5,833,083	5,833,083
Ordinary shares, shares outstanding		5,833,083	5,833,083
Issuance of Class B Ordinary Share to Sponsor, shares	99,999
Percentage of issued and outstanding shares after initial public offering		22.58%	22.58%
Common Class B [Member] | Representative [Member]
Class of Stock [Line Items]
Common stock held by subsidiary		$ 99,999	$ 99,999
Common Class B [Member] | Sponsor [Member]
Class of Stock [Line Items]
Issuance of Class B Ordinary Share to Sponsor, shares		69,999
Common stock held by subsidiary		$ 5,733,084	$ 5,733,084
Common Class B [Member] | Jones Trading [Member]
Class of Stock [Line Items]
Issuance of Class B Ordinary Share to Sponsor, shares		30,000	30,000