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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 8/12/22 ABG Acquisition Corp. I 10-Q 6/30/22 44:2.9M Donnelley … Solutions/FA |
Document/Exhibit Description Pages Size 1: 10-Q Quarterly Report HTML 540K 2: EX-31.1 Certification -- §302 - SOA'02 HTML 20K 3: EX-31.2 Certification -- §302 - SOA'02 HTML 20K 4: EX-32.1 Certification -- §906 - SOA'02 HTML 16K 5: EX-32.2 Certification -- §906 - SOA'02 HTML 16K 11: R1 Cover Page HTML 75K 12: R2 Condensed Balance Sheets HTML 96K 13: R3 Condensed Balance Sheets (Parenthetical) HTML 48K 14: R4 Condensed Statements Of Operations HTML 59K 15: R5 Condensed Statements Of Changes In Shareholders' HTML 53K Equity (Deficit) 16: R6 Condensed Statements Of Cash Flows HTML 75K 17: R7 Description of Organization, Business Operations HTML 34K and Going Concern Consideration 18: R8 Basis of Presentation and Summary of Significant HTML 64K Accounting Policies 19: R9 Initial Public Offering HTML 17K 20: R10 Related Party Transactions HTML 26K 21: R11 Commitments and Contingencies HTML 22K 22: R12 Class A Ordinary Shares Subject to Possible HTML 22K Redemption 23: R13 Shareholders' Deficit HTML 27K 24: R14 Fair Value Measurements HTML 27K 25: R15 Subsequent Events HTML 17K 26: R16 Basis of Presentation and Summary of Significant HTML 91K Accounting Policies (Policies) 27: R17 Basis of Presentation and Summary of Significant HTML 42K Accounting Policies (Tables) 28: R18 Class A Ordinary Shares Subject to Possible HTML 22K Redemption (Tables) 29: R19 Fair Value Measurements (Tables) HTML 25K 30: R20 Description of Organization, Business Operations HTML 78K and Going Concern Consideration - Additional Information (Detail) 31: R21 Basis of Presentation and Summary of Significant HTML 35K Accounting Policies - Additional Information (Detail) 32: R22 Basis of Presentation and Summary of Significant HTML 55K Accounting Policies -Summary of Earnings Per Share Basic and Diluted (Detail) 33: R23 Initial Public Offering - Additional Information HTML 28K (Detail) 34: R24 Related Party Transactions - Additional HTML 90K Information (Detail) 35: R25 Commitments and Contingencies - Additional HTML 29K Information (Detail) 36: R26 Class A Ordinary Shares Subject to Possible HTML 28K Redemption - Additional Information (Details) 37: R27 Class A Ordinary Shares Subject to Possible HTML 28K Redemption - Summary of Class A Ordinary Shares Subject to Possible Redemption (Detail) 38: R28 Shareholders' Deficit - Additional Information HTML 48K (Detail) 39: R29 Fair Value Measurements - Summary of Fair Value HTML 23K Measurements (Detail) 42: XML IDEA XML File -- Filing Summary XML 71K 40: XML XBRL Instance -- d383657d10q_htm XML 557K 41: EXCEL IDEA Workbook of Financial Reports XLSX 74K 7: EX-101.CAL XBRL Calculations -- abgi-20220630_cal XML 53K 8: EX-101.DEF XBRL Definitions -- abgi-20220630_def XML 383K 9: EX-101.LAB XBRL Labels -- abgi-20220630_lab XML 511K 10: EX-101.PRE XBRL Presentations -- abgi-20220630_pre XML 467K 6: EX-101.SCH XBRL Schema -- abgi-20220630 XSD 86K 43: JSON XBRL Instance as JSON Data -- MetaLinks 191± 287K 44: ZIP XBRL Zipped Folder -- 0001193125-22-220001-xbrl Zip 126K
10-Q |
i ☒ | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
i ☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
i Cayman Islands |
i 98-1568635 | |||
(State or other jurisdiction of incorporation or organization) |
(Commission File Number) |
(IRS Employer Identification No.) |
i Ally Bridge Group, NY i 430 Park Avenue, 12th Floor |
i 10022 | |
(Address Of Principal Executive Offices) |
(Zip Code) |
Title of Each Class: |
Trading Symbol(s) |
Name of Each Exchange on Which Registered: | ||
i Class A Ordinary Shares, $0.0001 par value |
i ABGI |
The i Nasdaq Capital Market |
Large accelerated filer | ☐ | Accelerated filer | ☐ | |||
i Non-accelerated filer | ☒ | Smaller reporting company | i ☒ | |||
Emerging growth company | i ☒ |
(unaudited) |
||||||||
Assets |
||||||||
Current assets: |
||||||||
Cash |
$ | i 196,726 | $ | i 510,896 | ||||
Prepaid expenses |
i 233,837 | i 355,887 | ||||||
Total current assets |
i 430,563 | i 866,783 | ||||||
Investments held in Trust Account |
i 150,764,346 | i 150,657,896 | ||||||
Total Assets |
$ |
i 151,194,909 |
$ |
i 151,524,679 |
||||
Liabilities, Class A Ordinary Shares Subject to Redemption and Shareholders’ Deficit |
||||||||
Current liabilities: |
||||||||
Accounts payable |
$ | i 38,587 | $ | i 16,394 | ||||
Accrued expenses |
i 233,026 | i 180,730 | ||||||
Total current liabilities |
i 271,613 | i 197,124 | ||||||
Deferred underwriting commissions |
i 5,272,750 | i 5,272,750 | ||||||
Total liabilities |
i 5,544,363 | i 5,469,874 | ||||||
Commitments and Contingencies |
i | i | ||||||
Class A ordinary shares subject to possible redemption, $ i i 0.0001 /
par value; i i i i 15,065,000 / / /
shares issued and outstanding at $ i i 10.00 /
per share at redemption value as of June 30, 2022 and December 31, 2021 |
i 150,650,000 | i 150,650,000 | ||||||
Shareholders’ Deficit |
||||||||
Preference shares, $ i i 0.0001 /
par value; i i 5,000,000 / shares authorized; i i i i none / / /
issued or outstanding |
i — | — | ||||||
Class A ordinary shares, $ i i 0.0001 /
par value; i i 500,000,000 /
shares authorized; i i i i 501,300 / / /
shares issued and outstanding (excluding 15,065,000 shares subject to possible redemption) |
i 50 | i 50 | ||||||
Class B ordinary shares, $ i i 0.0001 /
par value; i i 50,000,000 /
shares authorized; i i i i 3,766,250 / / /
shares issued and outstanding as of June 30, 2022 and December 31, 2021 |
i 377 | i 377 | ||||||
Additional paid-in capital |
i — | — | ||||||
Accumulated deficit |
( i 4,999,881 | ) | ( i 4,595,622 | ) | ||||
Total shareholders’ Deficit |
( i 4,999,454 | ) | ( i 4,595,195 | ) | ||||
Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption and Shareholders’ Deficit |
$ |
i 151,194,909 |
$ |
i 151,524,679 |
||||
For the three months ended June 30, |
For the six months ended June 30, |
|||||||||||||||
2021 |
2022 |
2021 |
||||||||||||||
General and administrative expenses |
$ | i 176,025 | $ | i 184,893 | $ | i 450,709 | $ | i 329,446 | ||||||||
General and administrative expenses - related party |
i 30,000 | i 30,000 | i 60,000 | i 50,000 | ||||||||||||
Loss from operations |
( i 206,025 |
) |
( i 214,893 |
) |
( i 510,709 |
) |
( i 379,446 |
) | ||||||||
Income from investments held in Trust Account |
i 104,224 | i 2,275 | i 106,450 | i 2,448 | ||||||||||||
Net loss |
$ |
( i 101,801 |
) |
$ |
( i 212,618 |
) |
$ |
( i 404,259 |
) |
$ |
( i 376,998 |
) | ||||
Basic and diluted weighted average shares outstanding of Class A ordinary shares |
i 15,556,300 |
i i 15,566,300 / |
i 15,556,300 |
i i 11,352,219 / |
||||||||||||
Basic and diluted net loss per ordinary share, Class A ordinary shares |
$ |
( i i 0.01 / |
) |
$ |
( i i 0.01 / |
) |
$ |
( i i 0.02 / |
) |
$ |
( i i 0.03 / |
) | ||||
Basic and diluted weighted average shares outstanding of Class B ordinary shares |
i i 3,766,250 / |
i i 3,766,250 / |
i i 3,766,250 / |
i i 3,633,260 / |
||||||||||||
Basic and diluted net loss per ordinary share, Class B ordinary shares |
$ |
( i i 0.01 / |
) |
$ |
( i i 0.01 / |
) |
$ |
( i i 0.02 / |
) |
$ |
( i i 0.03 / |
) | ||||
For the three and six months ended June 30, 2022 |
||||||||||||||||||||||||||||
Ordinary Shares |
Additional |
Total |
||||||||||||||||||||||||||
Class A |
Class B |
Paid-in |
Accumulated |
Shareholders’ |
||||||||||||||||||||||||
Shares |
Amount |
Shares |
Amount |
Capital |
Deficit |
Deficit |
||||||||||||||||||||||
Balance - December 31, 2021 |
i 501,300 |
$ |
i 50 |
i 3,766,250 |
$ |
i 377 |
$ |
i — |
$ |
( i 4,595,622 |
) |
$ |
( i 4,595,195 |
) | ||||||||||||||
Net loss |
— |
— |
— |
— |
— |
( i 302,458 |
) |
( i 302,458 |
) | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
Balance - March 31, 2022 |
i 501,300 |
i 50 |
i 3,766,250 |
i 377 |
$ |
i — |
( i 4,898,080 |
) |
( i 4,897,653 |
) | ||||||||||||||||||
Net loss |
— |
— |
— |
— |
— |
( i 101,801 |
) |
( i 101,801 |
) | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
Balance - June 30, 2022 |
i 501,300 |
$ |
i 50 |
i 3,766,250 |
$ |
i 377 |
$ |
i — |
$ |
( i 4,999,881 |
) |
$ |
( i 4,999,454 |
) | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the three and six months ended June 30, 2021 |
||||||||||||||||||||||||||||
Ordinary Shares |
Additional |
Total |
||||||||||||||||||||||||||
Class A |
Class B |
Paid-in |
Accumulated |
Shareholders’ |
||||||||||||||||||||||||
Shares |
Amount |
Shares |
Amount |
Capital |
Deficit |
Equity (Deficit) |
||||||||||||||||||||||
Balance - December 31, 2020 |
i — |
$ |
i — |
i 3,766,250 |
$ |
i 377 |
$ |
i 24,623 |
$ |
( i 24,822 |
) |
$ |
i 178 |
|||||||||||||||
Sale of shares to Sponsor in private placement |
i 501,300 | i 50 | — | — | i 5,012,950 | — | i 5,013,000 | |||||||||||||||||||||
Accretion of Class A ordinary shares subject to redemption |
— | — | — | — | ( i 5,037,573 | ) | ( i 3,828,112 | ) | ( i 8,865,685 | ) | ||||||||||||||||||
Net loss |
— | — | — | — | — | ( i 164,380 | ) | ( i 164,380 | ) | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
Balance - March 31, 2021 |
i 501,300 |
i 50 |
i 3,766,250 |
i 377 |
$ |
i — |
( i 4,017,314 |
) |
( i 4,016,887 |
) | ||||||||||||||||||
Net loss |
— | — | — | — | — | ( i 212,618 | ) | ( i 212,618 | ) | |||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
Balance - June 30, 2021 |
i 501,300 |
$ |
i 50 |
i 3,766,250 |
$ |
i 377 |
$ |
i — |
$ |
( i 4,229,932 |
) |
$ |
( i 4,229,505 |
) | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the six months ended June 30, |
||||||||
2021 |
||||||||
Cash Flows from Operating Activities: |
||||||||
Net loss |
$ | ( i 404,259 | ) | $ | ( i 376,998 | ) | ||
Adjustments to reconcile net loss to net cash used in operating activities: |
||||||||
Income from investments held in Trust Account |
( i 106,450 | ) | ( i 2,448 | ) | ||||
Changes in operating assets and liabilities: |
||||||||
Prepaid expenses |
i 122,050 | ( i 548,920 | ) | |||||
Accounts payable |
i 22,193 | i 8,061 | ||||||
Accrued expenses |
i 97,296 | i 99,350 | ||||||
Net cash used in operating activities |
( i 269,170 | ) | ( i 820,955 | ) | ||||
Cash Flows from Investing Activities: |
||||||||
Cash deposited in Trust Account |
— | ( i 150,650,000 | ) | |||||
Net cash used in investing activities |
— | ( i 150,650,000 | ) | |||||
Cash Flows from Financing Activities: |
||||||||
Payment of note payable to related party |
i — | ( i 100,000 | ) | |||||
Proceeds received from initial public offering, gross |
— | i 150,650,000 | ||||||
Proceeds received from private placement |
i — | i 5,013,000 | ||||||
Offering costs paid |
( i 45,000 | ) | ( i 3,446,711 | ) | ||||
Net cash (used in) provided by financing activities |
( i 45,000 | ) | i 152,116,289 | |||||
Net change in cash |
( i 314,170 | ) | i 645,334 | |||||
Cash - beginning of the period |
i 510,896 | i 58,175 | ||||||
Cash - end of the period |
$ |
i 196,726 |
$ |
i 703,509 |
||||
Supplemental disclosure of noncash financing activities: |
||||||||
Offering costs included in accounts payable |
$ | — | $ | i 34,400 | ||||
Offering costs included in accrued expenses |
$ | — | $ | i 70,000 | ||||
Reversal of offering costs included in accrued expenses in prior year |
$ | — | $ | i 202,000 | ||||
Deferred underwriting commissions |
$ | — | $ | i 5,272,750 |
• | Level 1, defined as observable inputs such as quoted prices for identical instruments in active markets; |
• | Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and |
• | Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. |
For the three months ended June 30, 2022 |
For the six months ended June 30, 2022 |
|||||||||||||||
Class A |
Class B |
Class A |
Class B |
|||||||||||||
Basic and diluted net loss per ordinary share: |
||||||||||||||||
Numerator: |
||||||||||||||||
Allocation of net loss |
$ | ( i 81,969 | ) | $ | ( i 19,832 | ) | $ | ( i 325,504 | ) | $ | ( i 78,755 | ) | ||||
Denominator: |
||||||||||||||||
Basic and diluted weighted average ordinary shares outstanding |
i 15,566,300 | i i 3,766,250 / | i 15,566,300 | i i 3,766,250 / | ||||||||||||
Basic and diluted net loss per ordinary share |
$ | ( i i 0.01 / | ) | $ | ( i i 0.01 / | ) | $ | ( i i 0.02 / | ) | $ | ( i i 0.02 / | ) | ||||
For the three months ended June 30, 2021 |
For the six months ended June 30, 2021 |
|||||||||||||||
Class A |
Class B |
Class A |
Class B |
|||||||||||||
Basic and diluted net loss per ordinary share: |
||||||||||||||||
Numerator: |
||||||||||||||||
Allocation of net loss |
$ | ( i 171,197 | ) | $ | ( i 41,421 | ) | $ | ( i 285,594 | ) | $ | ( i 91,404 | ) | ||||
Denominator: |
||||||||||||||||
Basic and diluted weighted average ordinary shares outstanding |
i i 15,566,300 / | i i 3,766,250 / | i i 11,352,219 / | i i 3,633,260 / | ||||||||||||
Basic and diluted net loss per ordinary share |
$ | ( i i 0.01 / | ) | $ | ( i i 0.01 / | ) | $ | ( i i 0.03 / | ) | $ | ( i i 0.03 / | ) | ||||
Gross proceeds |
$ | i 150,650,000 | ||
Less: |
||||
Class A ordinary shares issuance costs |
( i 8,865,685 | ) | ||
Plus: |
||||
Accretion of carrying value to redemption value |
i 8,865,685 | |||
Class A ordinary shares subject to possible redemption |
$ | i 150,650,000 | ||
Description |
Quoted Prices in Active Markets (Level 1) |
Significant Other Observable Inputs (Level 2) |
Significant Other Unobservable Inputs (Level 3) |
|||||||||
Assets: |
||||||||||||
Investments held in Trust Account - Money Market Fund |
$ | i 150,764,346 | $ | i — | $ | i — |
Description |
Quoted Prices in Active Markets (Level 1) |
Significant Other Observable Inputs (Level 2) |
Significant Other Unobservable Inputs (Level 3) |
|||||||||
Assets: |
||||||||||||
Investments held in Trust Account - Money Market Fund |
$ | i 150,657,896 | $ | i — | $ | i — |
Dated: August 12, 2022 | ABG Acquisition Corp. I | |||||
By: | /s/ Daniel Johnson | |||||
Name: | Daniel Johnson | |||||
Title: | Chief Financial Officer (Principal Financial and Accounting Officer) |
This ‘10-Q’ Filing | Date | Other Filings | ||
---|---|---|---|---|
2/19/23 | ||||
12/31/22 | ||||
Filed on: | 8/12/22 | |||
For Period end: | 6/30/22 | |||
5/13/22 | 10-Q | |||
3/31/22 | 10-Q | |||
3/25/22 | 10-K | |||
12/31/21 | 10-K | |||
6/30/21 | 10-Q | |||
3/31/21 | 10-Q | |||
2/22/21 | 8-K | |||
2/19/21 | 4, 8-K, 8-K/A | |||
2/16/21 | 3, 8-A12B, 8-K, CERT, EFFECT, S-1MEF | |||
1/29/21 | ||||
1/28/21 | ||||
12/31/20 | ||||
11/26/20 | ||||
11/17/20 | ||||
4/5/12 | ||||
List all Filings |