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Statement of Cash Flows
12 Months Ended
Dec. 31, 2021
USD ($)
Cash Flows from Operating Activities:  
Net loss $ (1,113,238)
Adjustments to reconcile net loss to net cash used in operating activities:  
Change in fair value of warrant liabilities 128,160
Transaction costs incurred in connection with the initial public offering 210
Interest earned on marketable securities held in Trust Account (102,287)
Unrealized loss on marketable securities held in Trust Account 49,459
Changes in operating assets and liabilities:  
Prepaid expenses (290,227)
Income Tax Payable
Related party payable 180,273
Accounts payable and accrued expenses 1,401,692
Net cash provided in operating activities 254,042
Cash Flows from Investing Activities:  
Investment of cash in Trust Account (258,750,000)
Net cash used in investing activities (258,750,000)
Cash Flows from Financing Activities:  
Proceeds from sale of Units, net of underwriting discounts paid 253,680,505
Proceeds from sale of Private Placement Units 6,819,495
Proceeds from promissory note – related party 149,476
Repayment of promissory note – related party (149,476)
Payment of offering costs (502,651)
Net cash provided by financing activities 259,997,349
Net Change in Cash 1,501,391
Cash – Beginning of period
Cash – End of period 1,501,391
Non-Cash investing and financing activities:  
Initial value of common stock subject to possible redemption 258,750,000
Issuance of Representative Shares 20
Deferred offering costs paid directly by Sponsor in exchange for the issuance of Class B common stock 25,000
Deferred offering costs in accrued expenses $ 85,000