Appreciate Holdings, Inc.

CIK:0001821075|SEC Filings

Unaudited Condensed Statements of Operations - USD ($)	3 Months Ended		9 Months Ended
Unaudited Condensed Statements of Operations - USD ($)	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
General and administrative expenses	$ 926,246	$ 164,742	$ 11,070,808	$ 560,473
Administrative expenses - related party	45,000	45,000	135,000	135,000
Franchise tax expenses	80,600	16,175	170,506	98,851
Loss from operations	(1,051,846)	(225,917)	(11,376,314)	(794,324)
Other income (expenses)
Change in fair value of derivative warrant liabilities	(750,000)	2,177,500	5,423,330	8,895,000
Interest from investments held in Trust Account	1,036,938	2,960	1,401,976	23,518
Income (Loss) before provision for income taxes	(764,908)	1,954,543	(4,551,008)	8,124,194
Provision for income taxes	65,239		65,239
Net income (loss)	$ (830,147)	$ 1,954,543	$ (4,616,247)	$ 8,124,194
Class A Common Stock
Other income (expenses)
Weighted average shares outstanding of Class A common stock (in Shares)	23,000,000	23,000,000	23,000,000	23,000,000
Basic and diluted net income (loss) per share (in Dollars per share)	$ (0.03)	$ 0.07	$ (0.16)	$ 0.28
Class B Common Stock
Other income (expenses)
Weighted average shares outstanding of Class A common stock (in Shares)	5,750,000	5,750,000	5,750,000	5,750,000
Basic and diluted net income (loss) per share (in Dollars per share)	$ (0.03)	$ 0.07	$ (0.16)	$ 0.28

Unaudited Condensed Statements of Cash Flows - USD ($)	9 Months Ended
Unaudited Condensed Statements of Cash Flows - USD ($)	Sep. 30, 2022	Sep. 30, 2021
Cash Flows from Operating Activities:
Net income (loss)	$ (4,616,247)	$ 8,124,194
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Interest from investments held in Trust Account	(1,401,976)	(23,518)
Change in fair value of derivative warrant liabilities	(5,423,330)	(8,895,000)
Changes in operating assets and liabilities:
Prepaid expenses	41,036	127,469
Accounts payable	119,389	(8,527)
Accrued expenses	10,020,432	(12,196)
Income tax payable	65,239
Franchise tax payable	(134,974)	(30,598)
Net cash used in operating activities	(1,324,431)	(718,176)
Cash Flows from Investing Activities:
Withdraw from Trust Account to pay Franchise Tax	358,730	24,098
Net cash provided by investing activities	358,730	24,098
Cash Flows from Financing Activities:
Proceeds from related party promissory note	75,000
Net cash provided by financing activities	75,000
Net decrease in cash	(890,701)	(694,077)
Cash - beginning of the period	947,498	1,834,812
Cash - end of the period	$ 56,797	$ 1,140,735

Condensed Balance Sheets - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Current assets:
Cash	$ 56,797	$ 947,498
Prepaid expenses	107,624	148,660
Total current assets	164,421	1,096,158
Investments held in Trust Account	231,047,192	230,003,947
Total assets	231,211,613	231,100,105
Current liabilities:
Accounts payable	120,718	1,329
Accrued expenses	10,153,431	127,000
Income tax payable	65,239
Related party promissory note	75,000
Franchise tax payable		134,974
Total current liabilities	10,414,388	263,303
Deferred underwriting commissions	8,050,000	8,050,000
Derivative warrant liabilities	2,000,000	7,423,330
Total liabilities	20,464,388	15,736,633
Commitments and Contingencies
Class A common stock, $0.0001 par value; 23,000,000 shares subject to possible redemption at $10.04 per share at September 30, 2022 and December 31, 2021, respectively	230,967,515	230,000,000
Stockholders’ Deficit:
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding at September 30, 2022 and December 31, 2021
Class A common stock, $0.0001 par value; 100,000,000 shares authorized; zero non-redeemable shares issued and outstanding at September 30, 2022 and December 31, 2021
Class B common stock, $0.0001 par value; 10,000,000 shares authorized; 5,750,000 shares issued and outstanding at September 30, 2022 and December 31, 2021	575	575
Additional paid-in capital
Accumulated deficit	(20,220,865)	(14,637,103)
Total stockholders’ deficit	(20,220,290)	(14,636,528)
Total Liabilities, Common Stock Subject to Redemption, and Stockholder’s Deficit	$ 231,211,613	$ 231,100,105