Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 Amendments

Warrants ??? derivative (Tables)

v3.22.2.2
Warrants – derivative (Tables)
6 Months Ended
Jun. 30, 2022
Summary of changes In warrant derivative liability

The following table summarizes the changes in the warrant derivative liability during the six month period to June 30, 2022:

 

    Embedded derivative  
    £  
       
Balance at December 31, 2021     -  
Fair value of warrants issued in the period     13,183,155  
Fair value adjustment     (10,537,611 )
Balance at June 30, 2022     2,645,544  

Schedule of valuation assumption on warrants derivative

The model inputs were as follows:

    February 10, 2022  
Exercise price in USD   $ 212.50  
Share price in USD     100.00  
Time to maturity     Six years  
Expected volatility     80 %
Risk free interest rate (US treasury bond)     1.99 %
Dividend yield     -