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Statement of Cash Flows
11 Months Ended
Dec. 31, 2021
USD ($)
Cash Flows from Operating Activities:  
Net loss $ (563,357)
Adjustments to reconcile net loss to net cash used in operating activities:  
Payment of formation costs through issuance of Class B ordinary shares 5,000
Interest earned on marketable securities held in Trust Account (12,212)
Changes in operating assets and liabilities:  
Prepaid expenses (472,666)
Accounts payable and accrued expenses 118,450
Net cash used in operating activities (924,785)
Cash Flows from Investing Activities:  
Investment of cash into Trust Account (253,000,000)
Net cash used in investing activities (253,000,000)
Cash Flows from Financing Activities:  
Proceeds from sale of Public Shares, net of underwriting discounts paid 247,940,000
Proceeds from sale of Private Placement Shares 7,560,000
Proceeds from Promissory Note – related party 146,100
Repayment of Promissory Note – related party (146,100)
Payment of offering costs (205,724)
Net cash provided by financing activities 255,294,276
Net Change in Cash 1,369,491
Cash – Beginning of period
Cash – End of period 1,369,491
Non-cash investing and financing activities:  
Deferred underwriting fee payable 14,457,724
Deferred offering costs included in accrued offering costs 317,000
Deferred offering costs paid by the Sponsor in exchange for the issuance of Class B ordinary shares 20,000
Deferred underwriting fee payable $ 8,855,000