Schedule of Deferred Offering Cost |
A reconciliation of the deferred offering costs recorded by the Company as of November 30, 2021 is set forth below:
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SPAC |
Shares |
Value |
Offering Cost as of August 31, 20211
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Offering cost paid by sponsor |
Total Offering costs as of August 31, 2021 |
Recorded to APIC |
Balance as of November 30, 2021 |
IHC |
2,000,000 |
4.7472 |
9,494,000 |
274,000 |
9,768,000 |
(9,768,000) |
— |
TechStackery |
2,000,000 |
4.7472 |
9,494,000 |
147,000 |
9,641,000 |
— |
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9,641,000 |
Vital |
2,000,000 |
4.7472 |
9,494,000 |
147,000 |
9,641,000 |
— |
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9,641,000 |
Firemark |
4,000,000 |
4.7472 |
18,990,000 |
221,000 |
19,211,000 |
— |
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19,211,000 |
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$47,472,000 |
$789,000 |
$48,261,000 |
$(9,768,000) |
$38,493,000 |
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1 Offering Costs represent that portion of our Founder Shares in each of the following SPACs that we received as a result of our sponsorship, and which we transferred to the Representative during fiscal 2021
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