Financial Performance - The company generated total proceeds of $6,125,000 from the Private Placement by selling 6,125,000 Private Placement Warrants at $1.00 each [123]. - As of July 6, 2021, a total of $201,948,755 from the IPO and Private Placement was placed in a U.S.-based trust account [124]. - The company paid $4,000,000 in underwriting fees and $469,000 for other costs related to the Offering [125]. Internal Controls - The company conducted an evaluation of its disclosure controls and procedures, concluding they were effective as of the end of the fiscal quarter [113]. - No changes in internal control over financial reporting occurred during the fiscal quarter that materially affected the company's internal control [117]. Market Risk - As of June 30, 2021, the company was not subject to any market or interest rate risk [112]. Shareholder Transactions - On March 24, 2021, the Sponsor purchased 7,187,500 Class B ordinary shares for $25,000, and subsequently forfeited 1,437,500 shares, retaining 5,750,000 shares [122].
Frontier Investment p(FICV) - 2021 Q2 - Quarterly Report