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UNAUDITED CONDENSED STATEMENT OF CASH FLOWS
9 Months Ended
Sep. 30, 2021
USD ($)
Cash Flows from Operating Activities:  
Net loss $ 969,629
Adjustments to reconcile net income 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 liabilities (1,828,670)
Offering costs - derivative liabilities 259,140
Income from investments held in Trust Account (12,446)
Changes in operating assets and liabilities:  
Prepaid expenses (952,360)
Accounts payable (3,514)
Accrued expenses 66,680
Due to related party (9,843)
Net cash used in operating activities (1,486,384)
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 promissory note issued to related party 300,000
Repayment of promissory note to related party (300,000)
Proceeds received from initial public offering, gross 230,000,000
Proceeds received from private placement 7,900,000
Offering costs paid (4,754,332)
Net cash provided by financing activities 233,145,668
Net change in cash 1,659,284
Cash - beginning of the period 0
Cash - end of the period 1,659,284
Supplemental disclosure of noncash investing and financing activities:  
Offering costs included in accounts payable 32,500
Offering costs included in accrued expenses (30,828)
Offering costs included in due to related party 320,600
Deferred underwriting commissions $ 8,050,000