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INITIAL PUBLIC OFFERING
9 Months Ended
Sep. 30, 2022
Initial Public Offering  
INITIAL PUBLIC OFFERING

NOTE 4 — INITIAL PUBLIC OFFERING

 

Pursuant to the Initial Public Offering completed on September 20, 2022, the Company sold 2,315,000 Units and 347,250 of Warrants at a price of $4.15 per Unit and $0.01 per Warrant for a total of $9,610,723 of gross proceeds. The Company incurred offering costs of $1,067,078, consisting of $878,858 of underwriting fees and expenses and $188,220 of costs related to the Initial Public Offering.

 

Each Unit consisted of one share of Common Stock and one Warrant. Each redeemable Warrant entitles the holder to purchase one share of Common Stock at a price of $4.15 per share, will be exercisable upon issuance and will expire on September 16, 2025