XML 16 R6.htm IDEA: XBRL DOCUMENT v3.22.1
Statements of Cash Flows - USD ($)
3 Months Ended 12 Months Ended
Dec. 31, 2020
Dec. 31, 2021
Cash Flows from Operating Activities:    
Net income (loss) $ (6,051,790) $ 11,627,209
Adjustments to reconcile net income to net cash used in operating activities:    
Change in fair value of derivative warrant liabilities 3,843,500 (14,284,500)
Loss on issuance of private placement warrants 1,323,000
Financing cost - derivative warrant liabilities 783,506
Interest earned on investments held in Trust Account (189) (23,003)
Changes in operating assets and liabilities:    
Prepaid expenses (555,410) 291,217
Accounts payable 16,981 325,557
Accrued expenses 933,760
Franchise tax payable 57,036 117,058
Net cash used in operating activities (583,366) (1,012,702)
Cash Flows from Investing Activities    
Cash deposited in Trust Account (230,000,000)
Net cash used in investing activities (230,000,000)
Cash Flows from Financing Activities:    
Proceeds from issuance of Class B common stock to Sponsor 25,000
Proceeds from note payable to related party 150,000
Repayment of note payable to related party (150,000)
Proceeds received from initial public offering, gross 230,000,000
Proceeds received from private placement 7,350,000
Offering costs paid (5,067,280)
Net cash provided by financing activities 232,307,720
Net change in cash 1,724,354 (1,012,702)
Cash - beginning of the period 1,724,354
Cash - end of the period 1,724,354 711,652
Supplemental disclosure of noncash activities:    
Offering costs included in accrued expenses 70,000
Deferred underwriting commissions in connection with the initial public offering $ 8,050,000