XML 97 R69.htm IDEA: XBRL DOCUMENT v3.23.1
Reverse Capitalization (Tables)
12 Months Ended
Dec. 31, 2022
Reverse Capitalization [Abstract]  
Schedule of net proceeds received from business combination
   2022 
   USD 
     
Cash from reverse recapitalization from IPO Trust   102,075,880 
Shares redeemed from the IPO Trust   (99,595,773)
Proceeds from reverse recapitalization   2,480,107 
      
Cash from reverse recapitalization from PIPE Trust – net   30,427,800 
Reverse recapitalization transaction costs   (9,470,709)
    23,437,198 

 

Schedule of number of shares of common stock issued
VMAC’s Public Shareholders, outstanding prior to the business combination   10,000,000 
Less redemption of VMAC’s public shares   (9,757,033)
Net VMAC’s Public Shareholders   242,967 
      
VMAC’s Initial Shareholders   2,830,000 
Shares issued to PIPE   4,056,000 
Share Based Payments (including 360,000 placement agent fee)   640,000 
Sponsor, PIPE and Transaction Cost Shares issued   7,526,000 
      
Anghami initial Shareholders   18,000,000 
      
Total shares outstanding immediately after the Business Combination   25,768,967 
Shares issued against exercise of warrants during 2022   236,687 
Total shares outstanding as of December 31, 2022   26,005,654 

 

Schedule of fair value of net assets of VMAC comprising
Fair value of net assets of VMAC comprising:  USD 
     
Cash and cash equivalents   43,040,107 
Trade Payables   (9,146,258)
Warrants Liabilities   (7,625,965)
      
    26,267,884 
Less: Fair value of consideration comprising:     
7,478,964 Anghami Inc. ordinary shares issued at 10 USD   74,789,640 
      
Share listing expenses recognised in profit or loss   48,521,756