10-Q Filing

TEVOGEN BIO HOLDINGS INC. CIK: 1860871 Q3 2022

Filing Information

Form Type	10-Q
Accession Number	`0001410578-22-003394`
Period End Date	20220930
Filing Date	20221114
Fiscal Year	2022
Fiscal Period	Q3
XBRL Instance	lgstu-20220930x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 46 Income Statement 22 Cash Flow Statement 26 Stockholders Equity 24

Balance Sheet 46 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$143.05K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$344.58K	USD	Point-in-time
Preferred stock, par value (per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$446.61K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$275.43K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$418.47K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$791.19K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Prepaid expenses- non current	`PrepaidExpenseNoncurrent`	$145.17K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Cash and marketable securities held in Trust Account	`AssetsHeldInTrustNoncurrent`	$351.92M	USD	Point-in-time
Cash and marketable securities held in Trust Account	`AssetsHeldInTrustNoncurrent`	$354.12M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
TOTAL ASSETS	`Assets`	$354.54M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$352.85M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$171.78K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$39.38K	USD	Point-in-time
Due to affiliate	`DueToAffiliateCurrent`	$110.00K	USD	Point-in-time
Due to affiliate	`DueToAffiliateCurrent`	$20.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$59.38K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$281.78K	USD	Point-in-time
Derivative warrant liabilities	`SharesSubjectToMandatoryRedemptionSettlementTermsFairValueOfShares`	$94.25K	USD	Point-in-time
Derivative warrant liabilities	`SharesSubjectToMandatoryRedemptionSettlementTermsFairValueOfShares`	$420.50K	USD	Point-in-time
Deferred underwriting fee payable	`DeferredOfferingCostsNoncurrent`	$14.70M	USD	Point-in-time
Deferred underwriting fee payable	`DeferredOfferingCostsNoncurrent`	$14.70M	USD	Point-in-time
Total liabilities	`Liabilities`	$15.18M	USD	Point-in-time
Total liabilities	`Liabilities`	$15.08M	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-14.23M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-14.66M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-14.25M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-14.05M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$13.59K	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$13.70K	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-14.66M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-14.23M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	-	USD	Point-in-time
TOTAL LIABILITIES, REDEEMABLE ORDINARY SHARES AND SHAREHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$354.54M	USD	Point-in-time
TOTAL LIABILITIES, REDEEMABLE ORDINARY SHARES AND SHAREHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$352.85M	USD	Point-in-time

Income Statement 22 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`GeneralAndAdministrativeExpense`	$198.83K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$11.41K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$115.00	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$740.30K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$11.41K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$740.30K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$198.83K	USD	1 Quarter
Share dividend (per shares)	`DividendsPayableFormOfPerShare`	$0.02	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$115.00	USD	1 Quarter
Unrealized gain on investments held in Trust Account	`UnrealizedGainLossOnInvestments`	$1.74M	USD	1 Quarter
Unrealized gain on investments held in Trust Account	`UnrealizedGainLossOnInvestments`	$2.21M	USD	3 Qtrs
Change in fair value of warrants	`FairValueAdjustmentOfWarrants`	$-72.50K	USD	1 Quarter
Change in fair value of warrants	`FairValueAdjustmentOfWarrants`	$-326.25K	USD	3 Qtrs
Total other expense	`NonoperatingIncomeExpense`	$1.81M	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$2.53M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-11.30K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$1.79M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$1.61M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-11.41K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$207.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-115.00	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-25.99K	USD	1 Quarter

Cash Flow Statement 26 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$1.79M	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$-11.41K	USD	2 Qtrs
Unrealized gain on investments held in Trust Account	`UnrealizedGainLossOnInvestments`	$1.74M	USD	1 Quarter
Unrealized gain on investments held in Trust Account	`UnrealizedGainLossOnInvestments`	$2.21M	USD	3 Qtrs
Change in fair value of warrants	`FairValueAdjustmentOfWarrants`	$-72.50K	USD	1 Quarter
Change in fair value of warrants	`FairValueAdjustmentOfWarrants`	$-326.25K	USD	3 Qtrs
General and administrative expenses paid by affiliate	`GeneralAndAdministrativeExpensesPaidByRelatedParties`	$10.48K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-316.35K	USD	3 Qtrs
Due to affiliate	`IncreaseDecreaseInDueToAffiliates`	$90.00K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$132.41K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$929.00	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-201.53K	USD	3 Qtrs
NET CHANGE IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	-	USD	2 Qtrs
NET CHANGE IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-201.53K	USD	3 Qtrs
CASH, BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$344.58K	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$143.05K	USD	Point-in-time
CASH, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$344.58K	USD	Point-in-time
CASH, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
CASH, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
CASH, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$143.05K	USD	Point-in-time
Payment of deferred offering costs by note payable - related party	`PaymentOfDeferredOfferingCostsByNotePayableRelatedParty`	$71.05K	USD	2 Qtrs
Deferred offering costs included in accrued offering costs	`DeferredOfferingCostsIncludedInAccruedOfferingCosts`	$70.74K	USD	2 Qtrs
Payment of deferred offering costs by the Sponsor in exchange for the issuance of Class B ordinary shares	`DeferredOfferingCostsPaidInExchangeForIssuanceOfShares`	$25.00K	USD	2 Qtrs
Change in value of Class A common stock subject to possible redemption	`ChangeInValueOfCommonStockSubjectToPossibleRedemption`	$2.22M	USD	3 Qtrs

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Share dividend (per shares)	`DividendsPayableFormOfPerShare`	$0.02	USD	3 Qtrs
Balance at the beginning	`StockholdersEquity`	$-14.25M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$-14.05M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$13.59K	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$13.70K	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$-14.66M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$-14.23M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	-	USD	Point-in-time
Issuance of Class B ordinary shares to Sponsor	`StockIssuedDuringPeriodValueNewIssues`	$25.00K	USD	1 Quarter
Accretion of carrying value to redemption value	`TemporaryEquityAccretionToRedemptionValueAdjustment`	$2.22M	USD	1 Quarter
Net Income (loss)	`NetIncomeLoss`	$-11.30K	USD	1 Quarter
Net Income (loss)	`NetIncomeLoss`	$1.79M	USD	3 Qtrs
Net Income (loss)	`NetIncomeLoss`	$1.61M	USD	1 Quarter
Net Income (loss)	`NetIncomeLoss`	$-11.41K	USD	2 Qtrs
Net Income (loss)	`NetIncomeLoss`	$207.00K	USD	1 Quarter
Net Income (loss)	`NetIncomeLoss`	$-115.00	USD	1 Quarter
Net Income (loss)	`NetIncomeLoss`	$-25.99K	USD	1 Quarter
Balance at the end	`StockholdersEquity`	$-14.25M	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$-14.05M	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$13.59K	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$13.70K	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$-14.66M	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$-14.23M	USD	Point-in-time
Balance at the end	`StockholdersEquity`	-	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.