Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Reverse Merger (Tables)

v3.22.2
Reverse Merger (Tables)
12 Months Ended
Feb. 28, 2022
Reverse Merger [Abstract]  
Summary of Net Assets Acquired from Reverse Merger

The net assets acquired from the reverse merger were as follows:

 

 

 

US$

 

Cash and cash equivalents

 

 

170,616,649

 

Other receivables

 

 

60,068,819

 

Other payables

 

 

(1,587,820

)

Warrant liabilities

 

 

(69,923,483

)

Less:

 

 

 

 

Cash consideration paid (as above)

 

 

(60,000,000

)

Others

 

 

(17,514

)

As per consolidated statement of cash flows

 

 

99,156,651