v3.22.1

Condensed Statements of Cash Flows (unaudited) - USD ($)	1 Months Ended	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2022
OPERATING ACTIVITIES
Net loss	$ (35,720)	$ (559,756)
Adjustments to reconcile net loss to net cash used in operating activities:
Change in fair value of warrant liability		(105,490)
Interest earned on cash and marketable securities held in Trust Account		(15,914)
Change in operating assets and liabilities:
Prepaid expenses		52,271
Other long-term assets		103,091
Payable to related parties		100,407
Accounts payable	25,720	48,272
Accrued liabilities	10,000	(125,510)
Other current liabilities		4,537
Net cash used in operating activities		(498,092)
FINANCING ACTIVITIES
Proceeds from sale of common stock to Founders	25,000	0
Borrowing from a related party	125,000
Net cash provided by financing activities	150,000
Net increase (decrease) in cash during period	150,000	(498,092)
Cash, beginning of period		875,435
Cash, end of period	150,000	377,343
SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES
Offering costs included in accounts payable	6,270
Offering costs included in accrued liabilities	$ 45,000
Change in value of common stock subject to possible redemption		$ 11,377

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GigInternational1, Inc. 10-Q