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 |
(State or other jurisdiction of incorporation or organization) |
(I.R.S. Employer Identification No.) |
Title of each class |
Trading Symbol(s) |
Name of each exchange on which registered | ||
one-half of one redeemable warrant |
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Large accelerated filer | ☐ | Accelerated filer | ☐ | |||
☒ | Smaller reporting company | |||||
Emerging growth company |
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ASSETS |
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Deferred offering costs |
$ | |||
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LIABILITIES AND SHAREHOLDER’S EQUITY |
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LIABILITIES |
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Current liabilities |
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Due to affiliate |
$ | |||
Accrued offering costs |
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Total current liabilities |
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COMMITMENTS AND CONTINGENCIES |
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SHAREHOLDER’S EQUITY |
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Preference Shares; $ |
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Class A Ordinary Shares; $ |
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Class B Ordinary Shares; $ |
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Additional paid-in capital |
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Accumulated deficit |
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Total Shareholder’s Equity |
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Total Liabilities and Shareholder’s Equity |
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(1) |
Includes an aggregate of up to 1,100,000 Class B ordinary shares subject to forfeiture if the over-allotment option is not exercised in full or in part by the underwriters. On November 16, 2021, the underwriters exercised the over-allotment option in full; thus, these shares are no longer subject to forfeiture (Note 5). |
EXPENSES |
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Formation costs |
$ | |||
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Total expenses |
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Net loss |
$ | ( |
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Weighted average shares outstanding, basic and diluted (1) |
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Basic and diluted net loss per Class B ordinary shares |
$ | ( |
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(1) |
Excludes an aggregate of up to 1,100,000 Class B ordinary shares subject to forfeiture if the over-allotment option is not exercised in full or in part by the underwriters. On November 16, 2021, the underwriters exercised the over-allotment option in full; thus, these shares are no longer |
(UNAUDITED) |
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Ordinary shares |
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Class A |
Class B |
Preference shares |
Total shareholder’s equity |
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Shares |
Amount |
Shares |
Amount |
Shares |
Amount |
Additional paid-in capital |
Accumulated deficit |
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Balance, July 20, 2021 (inception) |
$ | $ | $ | $ | $ | $ | ||||||||||||||||||||||||||||||
Issuance of Class B ordinary shares to Sponsor (1) |
— | — | — | — | — | |||||||||||||||||||||||||||||||
Net loss |
— | — | — | — | — | — | — | ( |
) | ( |
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Balance, September 30, 2021 |
$ | $ | |
$ | $ | $ | ( |
$ | ||||||||||||||||||||||||||||
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(1) |
Includes an aggregate of up to 1,100,000 Class B ordinary shares subject to forfeiture if the over-allotment option is not exercised in full or in part by the underwriters . On November 16, 2021, the underwriters exercised the over-allotment option in full: thus, these shares are no longer subject to forfeiture (Note 5). |
Cash Flows from Operating Activities |
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Net loss |
$ | ( |
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Adjustments to reconcile net loss to net cash used in operating activities: |
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Formation costs paid by Sponsor |
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Net cash used in operating activities |
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Net Change in Cash |
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Cash - Beginning of period |
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Cash - End of period |
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Supplemental disclosure of non-cash financing activities: |
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Deferred offering costs included in accrued offering costs |
$ | |||
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Offering costs paid by the Sponsor in exchange for Class B ordinary shares |
$ | |||
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Deferred offering costs paid by the Sponsor |
$ | |||
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• | in whole and not in part; |
• | at a price of $ |
• | upon a minimum of “30-day redemption period”); and |
ITEM 2. |
MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS |
* | Filed herewith. |
** | Furnished. |
(1) | Previously filed as an exhibit to our Current Report on Form 8-K filed on November 16, 2021 and incorporated by reference herein. |
LAMF GLOBAL VENTURES CORP. I | ||||||
Date: December 21, 2021 | /s/ Morgan Earnest | |||||
Name: | Morgan Earnest | |||||
Title: | Chief Financial Officer | |||||
(Principal Financial and Accounting Officer) |