Equity Investment Agreement (Details Narrative) - USD ($) $ in Thousands |
1 Months Ended | 9 Months Ended | |
---|---|---|---|
May 25, 2022 |
Sep. 30, 2022 |
Aug. 15, 2022 |
|
Equity investment agreement, description | the Company entered into the Rubicon Equity Investment Agreement with certain investors, whereby, the investors have agreed to advance to the Company up to $8,000,000 and, upon consummation of the Mergers, and in exchange for the advancements, (a) the Company will cause to be issued up to 880,000 Class B Units of the Company and 160,000 shares of Class A Common Stock to the investors and (b) Sponsor will forfeit up to 160,000 shares of Class A Common Stock, in each case subject to actual amounts advanced by the investors. In accordance with the Rubicon Equity Investment Agreement, on May 25, 2022, the Company received $8,000,000 of cash from the investors. | ||
Other expense | $ 800 | $ 500 | |
Common Class B [Member] | |||
Shares issued | 880,000 | ||
Common Class A [Member] | |||
Shares issued | 160,000 | ||
Forfeiture shares | 160,000 |