XML 18 R7.htm IDEA: XBRL DOCUMENT v3.22.1
Statements of Cash Flows - USD ($)
1 Months Ended 12 Months Ended
Dec. 31, 2020
Dec. 31, 2021
Cash Flows from Operating Activities:    
Net loss $ (1,000) $ (267,638)
Adjustments to reconcile net loss to net cash used in operating activities:    
Interest earned on marketable securities held in Trust Account   (35,823)
Unrealized loss on marketable securities held in Trust Account   16,895
Transaction costs associated with the Initial Public Offering   42,344
Change in fair value of warrant liabilities   (259,350)
Changes in operating assets and liabilities:    
Prepaid expenses   (344,281)
Other assets   (237,900)
Accrued expenses 1,000 346,450
Net cash used in operating activities 0 (739,303)
Cash Flows from Investing Activities:    
Investment of cash in Trust Account   (301,500,000)
Net cash used in investing activities   (301,500,000)
Cash Flows from Financing Activities:    
Proceeds from issuance of Class B common stock to Sponsor   25,000
Proceeds from sale of Units, net of underwriting discounts paid   294,000,000
Proceeds from sale of Private Placement Units   9,100,000
Advances from related party 42,500 0
Repayment of advances from related party   (42,500)
Proceeds from promissory note – related party   186,819
Repayment of promissory notes – related party   (186,819)
Payment of offering costs (42,500) (463,037)
Net cash provided by financing activities 0 302,619,463
Net Change in Cash   380,160
Cash – Beginning  
Cash – Ending 380,160
Non-cash investing and financing activities:    
Deferred underwriting fee payable   15,000,000
Remeasurement for Class A common stock subject to redemption amount   38,604,526
Initial classification of warrant liability   509,600
Initial classification of common stock subject to redemption   301,500,000
Offering costs charged to operations allocated to anchor investors   $ 41,333