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STATEMENT OF CASH FLOWS
11 Months Ended
Dec. 31, 2021
USD ($)
Cash Flows from Operating Activities:  
Net income $ 5,666,628
Adjustments to reconcile net income to net cash used in operating activities:  
Change in fair value of warrants liabilities (7,694,024)
Unrealized loss on marketable securities held in Trust Account 36
Interest earned on marketable securities held in Trust Account (35,768)
Transaction costs 1,283,477
Prepaid expenses and other current assets  
Accrued expenses 644,528
Prepaid expenses (352,171)
Other Long-Term Assets (197,861)
Net cash used in operating activities (790,898)
Cash Flows from Investing Activities:  
Investment of cash in Trust Account (250,000,000)
Net cash used in investing activities (250,000,000)
Cash Flows from Financing Activities:  
Proceeds from issuance of Class B common stock to Sponsor 25,000
Proceeds from sale of Units, net of underwriting discounts paid 245,000,000
Proceeds from sale of Private Placements Warrants 7,400,000
Proceeds from promissory note - related party 181,341
Repayment of promissory note - related party (181,341)
Payment of offering costs (512,365)
Net cash provided by financing activities 251,912,635
Net Change in Cash 1,121,737
Cash - Beginning of period 0
Cash - End of period 1,121,737
Non-Cash investing and financing activities:  
Initial value of warrant Liabilities 18,257,000
Deferred underwriting fee payable 8,750,000
Forfeiture of Founders Shares (938)
Over-Allotment Option [Member]  
Adjustments to reconcile net income to net cash used in operating activities:  
Change in fair value of warrants liabilities $ (105,743)