Nubia Brand International (NUBI)

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Nubia Brand International (NUBI) - 2023 Q1 - Quarterly Report
2023-05-20 00:04
Financial Position - As of March 31, 2023, the company had cash of $98,053 and a working capital deficit of $2,455,781[123] - As of March 31, 2023, the company had investments in the Trust Account totaling $130,174,150, primarily in U.S. government securities[132] - The company has no long-term debt or off-balance sheet arrangements as of March 31, 2023[142] Income and Expenses - For the three months ended March 31, 2023, the company reported a net income of $47,660, with interest income of $1,356,319 and operating expenses of $1,037,788[125] - For the three months ended March 31, 2023, cash used in operating activities was $522,312, while cash from financing activities provided $1,109,659[129] Initial Public Offering and Merger - The company completed its Initial Public Offering on March 15, 2022, raising gross proceeds of $123,500,000 from the sale of 11,000,000 units at $10.00 per unit[127] - The company incurred transaction costs of $6,951,081 related to the Initial Public Offering, including $1,235,000 in underwriting fees[128] - The company plans to issue 70,000,000 shares of common stock as consideration in the merger with Honeycomb Battery Company, with potential additional earnout shares of up to 22,500,000 based on performance metrics[117] - The merger is expected to close in the second quarter of 2023, pending approval from shareholders and customary closing conditions[122] Liquidity and Risks - The company has significant liquidity risks and may cease operations if it fails to complete a business combination by June 15, 2023, or extendable to September 15, 2023[133] Share Structure and Accounting - The Company effectuated a 1.1-for-1 share split on March 10, 2022, resulting in 3,162,500 founder shares outstanding, with up to 412,500 shares subject to forfeiture[147] - As of March 31, 2022, warrants are exercisable to purchase 11,580,000 shares of Class A common stock in the aggregate[147] - Common stock subject to mandatory redemption is classified as a liability instrument and measured at fair value, while conditionally redeemable common stock is classified as temporary equity[148] - The Company evaluates its financial instruments to determine if they qualify as derivatives, with changes in fair value reported in the statements of operations[151] - Management does not believe that any recently issued accounting standards would have a material effect on the Company's balance sheet[152]
Nubia Brand International (NUBI) - 2022 Q4 - Annual Report
2023-03-17 00:40
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-41323 NUBIA BRAND INTERNATIONAL CORP. (Exact name of registrant as specified in its charter) | Delaware | 87-1993879 | | --- | --- | | (State or othe ...
Nubia Brand International (NUBI) - 2022 Q3 - Quarterly Report
2022-11-11 01:35
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 September 30, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-41323 NUBIA BRAND INTERNATIONAL CORP. (Exact name of registrant as specified in its charter) | Delaware | 87-199387 ...
Nubia Brand International (NUBI) - 2022 Q2 - Quarterly Report
2022-08-19 20:05
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 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-41323 NUBIA BRAND INTERNATIONAL CORP. (Exact name of registrant as specified in its charter) | Delaware | 87-1993879 | | ...
Nubia Brand International (NUBI) - 2022 Q1 - Quarterly Report
2022-05-23 21:12
For the transition period from __________ to __________ Commission File Number: 001-41323 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FORM 10-Q For the quarterly period ended March 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Not applicable (Former name or former address, if changed since last report) Indicate by check mark whether the r ...