10X Capital Venture Acquisition Corp
CIK:0001821595|SEC Filings
Condensed Consolidated Statement of Operations (Unaudited) |
3 Months Ended |
|---|---|
|
Mar. 31, 2021
USD ($)
$ / shares
shares
| |
| General and administrative expenses | $ 1,431,826 |
| Loss from operations | (1,431,826) |
| Other income (expense): | |
| Interest earned on investment held in Trust Account | 4,962 |
| Change in fair value of warrant liability | (3,219,375) |
| Other expense, net | (3,214,413) |
| Net loss | $ (4,646,239) |
| Class A Redeemable Common Stock | |
| Other income (expense): | |
| Weighted average shares outstanding (in Shares) | shares | 20,125,000 |
| Basic and diluted net income (loss) per share (in Dollars per share) | $ / shares | $ 0.00 |
| Class B Non-Redeemable Common Stock | |
| Other income (expense): | |
| Weighted average shares outstanding (in Shares) | shares | 5,031,250 |
| Basic and diluted net income (loss) per share (in Dollars per share) | $ / shares | $ (0.92) |
Condensed Consolidated Statement of Cash Flows (Unaudited) |
3 Months Ended |
|---|---|
|
Mar. 31, 2021
USD ($)
| |
| Cash Flows from Operating Activities: | |
| Net loss | $ (4,646,239) |
| Adjustments to reconcile net loss to net cash used in operating activities: | |
| Change in fair value of warrant liability | 3,219,375 |
| Interest earned on investment held in Trust Account | (4,962) |
| Changes in operating assets and liabilities: | |
| Prepaid expenses | (138,557) |
| Accrued expenses | 1,243,543 |
| Net cash used in operating activities | (326,840) |
| Net Change in Cash | (326,840) |
| Cash – Beginning of period | 1,462,570 |
| Cash – End of period | 1,135,730 |
| Change in value of Class A common stock subject to possible redemption | $ (4,646,240) |