XML 19 R6.htm IDEA: XBRL DOCUMENT v3.22.2.2
STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows From Operating Activities:    
Net income (loss) $ 5,038,524 $ (530,317)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Interest earned on Investments held in Trust Account (381,309) (1,950)
Transaction costs associated with warrant liabilities   591,948
Change in fair value of derivative liabilities and forward purchase asset (6,679,490) (355,840)
Changes in operating assets and liabilities:    
Prepaid expenses 173,514 (636,439)
Accrued offering costs 43,561 431,000
Accounts payable and accrued expenses 146,352 220,503
Net Cash Used in Operating Activities (1,658,848) (281,095)
Cash Flows from Investing Activities:    
Cash deposited into Trust Account   (230,000,000)
Net Cash Used In Investing Activities   (230,000,000)
Cash Flows from Financing Activities:    
Sale of Units in Public Offering, net of underwriting discount   224,332,101
Sale of Private Placement Warrants to Sponsor 0 6,600,000
Proceeds from Sponsor note payable 1,600,000  
Repayment of Sponsor note payable (400,000)  
Net Cash Provided By Financing Activities 1,200,000 230,932,101
Net change in cash (458,848) 651,006
Cash at beginning of period 639,843 25,000
Cash at end of period $ 180,995 676,006
Supplemental disclosure of non-cash financing activities:    
Deferred underwriting costs   $ 8,050,000