Workflow
Healthcare AI Acquisition Corp.(HAIAU)
icon
Search documents
Healthcare AI Acquisition Corp.(HAIAU) - 2022 Q4 - Annual Report
2023-03-31 21:31
Table of Contents Title of Each Class: Trading Symbol: Name of Each Exchange on Which Registered: Units, each consisting of one Class A ordinary share, $0.0001 par value, and one-half of one warrant HAIAU The Nasdaq Stock Market LLC Shares of Class A Ordinary Shares included as part of the units HAIA The Nasdaq Stock Market LLC Redeemable warrants included as part of the units, each whole warrant exercisable for one share of Class A Ordinary Share at an exercise price of 11.50 HAIAW The Nasdaq Stock Market ...
Healthcare AI Acquisition Corp.(HAIAU) - 2022 Q3 - Quarterly Report
2022-11-01 00:24
IPO and Fundraising - The company completed its Initial Public Offering (IPO) on December 14, 2021, raising gross proceeds of $200 million from the sale of 20 million units at $10.00 per unit[112]. - An additional 1,562,401 units were sold through the over-allotment option, generating gross proceeds of $15,624,010[112]. - The company raised $11,124,960 from the private placement of 11,124,960 warrants at $1.00 each[113]. - Total transaction costs amounted to $12,926,100, including $4,312,480 in underwriting discounts and $7,546,840 in deferred underwriting discounts[114]. - The underwriters received a cash underwriting discount of $0.20 per Unit, totaling $4,312,480, with an additional deferred fee of $0.35 per Unit, amounting to $7,546,840, payable upon completion of an initial business combination[143]. Financial Position and Performance - As of September 30, 2022, the company had $465,161 in its operating bank account and working capital of approximately $701,659[128]. - For the three months ended September 30, 2022, the company reported a net income of $492,290, driven by interest income of $973,225, offset by formation and operating costs of $261,873 and a change in fair value of warrant liability of $219,062[135]. - For the nine months ended September 30, 2022, the company achieved a net income of $9,676,840, primarily from a change in fair value of warrant liability of $9,200,588 and interest income of $1,275,125, after accounting for formation and operating costs of $954,754[136]. - The company has not generated any operating revenues to date and expects to incur increased expenses post-Initial Public Offering due to public company compliance requirements[134]. - As of September 30, 2022, the company had 21,562,401 Class A ordinary shares presented at redemption value as temporary equity, reflecting certain redemption rights[148]. - The company has no long-term debt obligations or off-balance sheet arrangements as of September 30, 2022[138][153]. Business Combination and Going Concern - The company has until June 8, 2023, to complete a business combination, or it will face mandatory liquidation[132]. - If a business combination is not completed, the company will redeem public shares at a price of $10.20 per share, based on the amount in the Trust Account[118]. - The company has raised concerns about its ability to continue as a going concern for the next twelve months due to uncertainty in completing a business combination[132]. - The company must complete a business combination with a fair market value of at least 80% of the net assets held in the Trust Account[117]. Future Expectations and Agreements - The company can raise additional capital through Working Capital Loans from initial shareholders, but there is no obligation for them to provide funds[133]. - The company expects to generate non-operating income in the form of interest income on cash and cash equivalents after the Initial Public Offering[134]. - The company has entered into a consulting services agreement for investment banking services related to the initial Business Combination, with potential share options for the vendor[144]. - The company is classified as an "emerging growth company," allowing it to take advantage of certain exemptions from reporting requirements[155].
Healthcare AI Acquisition Corp.(HAIAU) - 2022 Q2 - Quarterly Report
2022-08-10 20:58
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 Cayman Islands 001-41145 98-1585450 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification Number) 190 Elgin Avenue, George Town Grand Cayman, Cayman Islands KY1-9008 (Address of principal executive offices, including zip code) (345) 815-8548 Reg ...
Healthcare AI Acquisition Corp.(HAIAU) - 2022 Q1 - Quarterly Report
2022-05-23 21:06
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . HEALTHCARE AI ACQUISITION CORP. (Exact name of registrant as specified in its charter) (Commission File Number) (I.R.S. Employer Cayman Islands 001-41145 98-1585450 ...
Healthcare AI Acquisition Corp.(HAIAU) - 2021 Q4 - Annual Report
2022-04-21 17:59
Washington, D.C. 20549 UNITED STATES SECURITIES AND EXCHANGE COMMISSION ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 Healthcare AI Acquisition Corp. (Exact name of registrant as specified in its charter) | Cayman Islands | 001-41145 | 98-1585450 | | --- | --- | --- | | (State or other jurisdiction of ...