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Subsequent Events
12 Months Ended
Dec. 31, 2021
Subsequent Events [Abstract]  
Subsequent Events

Note 13 — Subsequent Events 

 

The Company evaluated subsequent events and transactions that occurred after the balance sheet date up to the date that the financial statements were issued and has concluded that all such events that would require adjustment or disclosure have been recognized or disclosed.

 

On February 15, 2022, Newco filed a Form S-4 with the SEC relating to the proposed Business Combination.

 

On March 16, 2022, the Company issued an unsecured promissory note in the principal amount of $1,380,000 to Blackstone. The promissory note is non-interest bearing and payable in cash upon the closing of the Company’s Initial Business Combination. In the event the Company fails to complete an Initial Business Combination, no payment will be due under the promissory note and the principal balance of this promissory note will be forgiven. As of March 31, 2022, the Company had drawn down the full $1,380,000 on the promissory note.