Financial Position - As of December 31, 2021, the company had approximately $223,378 in its operating bank account and a negative working capital of approximately $81,275[378]. - The company is within 12 months of mandatory liquidation, raising substantial doubt about its ability to continue as a going concern until January 29, 2023[379]. - The company does not have any long-term debt obligations or capital lease obligations[385]. - The company has not had any off-balance sheet arrangements as of December 31, 2021[398]. Income and Operations - For the year ended December 31, 2021, the company reported a net income of approximately $15.73 million, which included a gain from the change in fair value of warrant liabilities of $20.97 million[384]. - The company incurred a loss from operations of $1.54 million for the year ended December 31, 2021[384]. - The company has not engaged in any operations or generated any revenues to date, and will not generate operating revenues until after the completion of its initial Business Combination[383]. IPO and Equity - The company paid an underwriting discount of approximately $6,200,000 at the closing of the Initial Public Offering and agreed to pay additional deferred underwriting fees of approximately $10,850,000 upon completion of its Initial Business Combination[388]. - All 31,000,000 Class A Ordinary shares sold in the Public Offering contain a redemption feature, classified as temporary equity outside of permanent equity[392]. Economic Impact - The company does not believe that inflation had a material impact on its business, revenues, or operating results during the period presented[399].
stellation Acquisition I(CSTA) - 2021 Q4 - Annual Report