Quarterly report pursuant to Section 13 or 15(d)

Warrant Liability (Tables)

Warrant Liability (Tables)
9 Months Ended
Sep. 30, 2022
Warrant Liability  
Schedule of Warrant Liability

The Warrant liability at September 30, 2022 was as follows:


Note Warrants   $ 82,352  
Trading and Overallotment Warrants     3,018,750  
Total   $ 3,101,102  
Schedule of Changes in the Warrant Liability

The following table presents the changes in the Warrant liability of the Level 1 warrants issued on April 14, 2022, the effective date of the IPO measured at fair value:


FMV of Note Warrants, at issuance   $ 157,647  
FMV of Trading and Overallotment Warrants, at issuance     5,778,750  
Change in fair value of warrant liability, issuance through September 30, 2022     (2,835,295 )
Fair Value at September 30, 2022   $ 3,101,102