XML 16 R6.htm IDEA: XBRL DOCUMENT v3.22.2.2
UNAUDITED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows from Operating Activities:    
Net income (loss) $ 3,417,894 $ (984,368)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
General and administrative expenses paid by related party in exchange for issuance of Class B ordinary shares   25,000
Change in fair value of derivative warrant liabilities (3,769,040) 11,550
Offering costs - derivative warrant liabilities   460,607
Income from investments held in Trust Account (315,555) (2,907)
Changes in operating assets and liabilities:    
Prepaid expenses 181,500 (775,718)
Accounts payable (20,077) 23,626
Accrued expenses 222,525 99,247
Due to related party 60,000 35,161
Net cash used in operating activities (222,753) (1,107,802)
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 note payable to related party   25,000
Repayment of note payable to related party   (115,693)
Proceeds received from initial public offering, gross   230,000,000
Proceeds received from private placement   6,600,000
Offering costs paid (70,000) (4,946,601)
Net cash provided by (used in) financing activities (70,000) 231,562,706
Net change in cash (292,753) 454,904
Cash - beginning of the period 376,649 0
Cash - end of the period $ 83,896 454,904
Supplemental disclosure of noncash activities:    
Offering costs included in accrued expenses   70,000
Offering costs paid by related party under promissory note   90,693
Deferred underwriting commissions   $ 8,050,000