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STATEMENT OF CASH FLOWS
11 Months Ended
Dec. 31, 2021
USD ($)
Cash Flows from Operating Activities  
Net income $ 2,816,216
Adjustments to reconcile net loss to net cash used in operating activities:  
Change in fair value of warrant liability (3,854,638)
Non-cash offering costs associated with warrant liability 441,302
Interest earned in trust account (13,523)
Changes in operating assets and liabilities:  
Prepaid expenses (528,693)
Accounts payable and accrued expenses 254,112
Deferred rent 4,134
Net cash used in operating activities (881,090)
Cash Flows from Investing Activities  
Investment of cash into Trust Account (145,187,500)
Cash Flows from Financing Activities  
Proceeds from promissory note - related party 150,000
Repayment of promissory note - related party (150,000)
Gross proceeds from issuance of Units 143,750,000
Proceeds from issuance of Private Placement Warrants 6,600,000
Proceeds from issuance of Founders Shares 25,000
Payment of offering costs (3,201,196)
Net cash provided by financing activities 147,173,804
Net Change in Cash 1,105,214
Cash - beginning of period 0
Cash - end of period 1,105,214
Supplemental disclosure of non-cash investing and financing activities:  
Deferred underwriting fees payable 5,031,250
Capital contribution by the Sponsor through transfer of Class B shares 3,611,201
Offering costs included in accrued offering costs 272,830
Accretion of interest and dividends earned in the trust account $ 13,523