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Statement of Cash Flows - USD ($)
11 Months Ended
Dec. 31, 2021
Cash flows from operating activities:  
Net income $ 4,347,000
Adjustments to reconcile net loss to net cash used in operating activities:  
Payment by founders of formation costs 5,000
Interest income retained in Trust Account (4,000)
Warrant liability issuance costs 491,000
Change in fair value of warrant liability (5,125,000)
Changes in operating assets and liabilities:  
Increase in prepaid expenses (409,000)
Increase in accounts payable (excluding offering costs of $107,000) 40,000
Increase in accrued liabilities 79,000
Net cash used in operating activities (576,000)
Cash flows from investing activities:  
Cash deposited in Trust Account (204,000,000)
Net cash used in investing activities (204,000,000)
Cash flows from financing activities:  
Proceeds from Note payable to Sponsor 240,000
Proceeds from sale of Units to the public 200,000,000
Proceeds from sale of Private Placement Warrants 10,500,000
Payment of underwriting discounts (4,000,000)
Payment of offering costs (598,000)
Payment of Note payable to Sponsor (240,000)
Net cash provided by financing activities 205,902,000
Net increase in cash 1,326,000
Cash at beginning of period 0
Cash at end of period 1,326,000
Supplemental disclosure of non-cash financing activities:  
Deferred underwriters' compensation 7,000,000
Offering costs included in accounts payable $ 107,000