Annual report pursuant to Section 13 and 15(d)

BUSINESS COMBINATIONS (Tables)

v3.22.1
BUSINESS COMBINATIONS (Tables)
12 Months Ended
Dec. 31, 2021
Business Combinations [Abstract]  
Schedule Of Reconciliation Of Elements Of Business Combination
The following table reconciles the elements of the Business Combination to the consolidated statement of cash flows and the consolidated statement of shareholders’ equity for the year ended December 31, 2020:

Recapitalization
Cash - SAMA trust and cash, net of redemptions $ 86,644 
Cash - SAMA PIPE 6,000 
Non-cash PIK (2,881)
Cash assumed from SAMA 698 
Cash consideration to certain Clever Leaves shareholders (3,057)
Less: transaction costs and advisory fees (13,895)
Net Business Combination $ 73,509 
Non-cash PIK 2,881 
Deferred issuance costs 1,503 
Warrant liability (29,841)
Net liabilities assumed from SAMA (258)
Net contributions from Business Combination $ 47,794