Twelve seas investment co (TWLV)
CashFlow / Yearly
Dec'18
Cash Flows from Operating Activities:
Net income

1,833

Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Interest received (earned) on investment held in Trust Account

2,228

Changes in current assets and current liabilities:
Prepaid assets

15

Accounts payable and accrued expense

71

Due to related parties

123

Net cash provided by (used in) in operating activities

-215

Cash Flows from Investing Activities:
Proceeds from sale and redemption of investment held in Trust Account

209,072

Purchase of investment held in Trust Account

416,072

Net cash used in investing activities

-206,999

Cash Flows from Financing Activities:
Proceeds from initial public offering, net of underwriters’ fees

203,400

Proceeds from private placement

4,750

Proceeds from Sponsor loan

253

Repayment of Sponsor loan

300

Payments of offering costs

636

Net cash provided by financing activities

207,466

Net Change in Cash

251

Supplemental Disclosure of Non-cash Financing Activities:
Value of ordinary shares subject to possible redemption

204,276

Increase in due to related parties for offering costs charged to additional paid in capital

1