The calculation of listing expenses is as follows:
| | |
Listing Expense | |
| Consideration paid: | |
| |
| Shares issued to NCAC shareholders | |
| 2,086 | |
| Total consideration shares issued | |
| 2,086 | |
| Fair value of the common shares | |
$ | 17,895.14 | |
| Deemed consideration amount for the common shares issued | |
$ | 37,336,416 | |
| | |
| | |
| Net identifiable liabilities acquired: | |
| | |
| Cash and cash equivalent | |
$ | 203 | |
| Accounts payable and accrued liabilities | |
$ | (2,136,505 | ) |
| NCAC promissory note (Note 18) | |
$ | (1,413,529 | ) |
| Derivative warrant liabilities (Note 13) | |
$ | (595,358 | ) |
| Net liabilities acquired | |
$ | 4,145,189 | |
| | |
| | |
| Listing expense | |
$ | 41,481,605 | |
|