Quarterly report pursuant to Section 13 or 15(d)

Warrant Liability (Tables)

Warrant Liability (Tables)
6 Months Ended
Jun. 30, 2022
Warrant Liability  
Schedule of Warrant Liability

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


Note Warrants (b)   $ 65,482  
Trading and Overallotment Warrants (a)     2,400,338  
Total   $ 2,465,820  
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   $ 157,647  
FMV of Trading and Overallotment Warrants     5,778,750  
Change in fair value of warrant liability     (3,470,577 )
Fair Value at June 30. 2022   $ 2,465,820