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Consolidated Statement of Cash Flows
11 Months Ended
Dec. 31, 2021
USD ($)
Cash Flows from Operating Activities:  
Net loss $ (10,189,181)
Adjustments to reconcile net loss to net cash used in operating activities:  
General and administrative expenses paid by Sponsor in exchange for issuance of Class A and Class B ordinary shares 26,000
General and administrative expenses paid by related party under promissory note 9,360
Change in fair value of derivative warrant liabilities 6,742,750
Interest earned on securities held in Trust Account (18,341)
Loss upon issuance of private placement warrants 2,175,000
Offering costs associated with warrants 592,641
Changes in operating assets and liabilities:  
Due from related party (7,960)
Prepaid expenses (746,720)
Accounts payable 58,405
Accrued expenses 25,918
Net cash used in operating activities (1,332,128)
Cash Flows from Investing Activities  
Cash deposited in Trust Account (345,026,000)
Net cash used in investing activities (345,026,000)
Cash Flows from Financing Activities:  
Proceeds received from initial public offering, gross 345,000,000
Proceeds received from private placement 10,900,000
Repayment of note payable to related parties (166,587)
Offering costs paid (6,804,876)
Net cash provided by financing activities 348,928,537
Net change in cash 2,570,409
Cash - beginning of the period
Cash - end of the period 2,570,409
Supplemental disclosure of noncash financing activities:  
Offering costs included in accrued expenses 350,000
Offering costs paid by related party under promissory note 157,227
Deferred underwriting commissions $ 11,721,500