XML 17 R6.htm IDEA: XBRL DOCUMENT v3.22.0.1
STATEMENT OF CASH FLOWS
10 Months Ended
Dec. 31, 2021
USD ($)
Cash Flows from Operating Activities:  
Net income $ 7,116,141
Adjustments to reconcile net income to net cash used in operating activities:  
Unrealized gain on investments held in Trust Account (29,687)
Expensed offering costs 762,517
Change in fair value of warrant liabilities (8,686,933)
Changes in operating assets and liabilities:  
Prepaid expenses (465,183)
Accounts payable and accrued expenses 117,274
Franchise tax payable 167,123
Net cash used in operating activities (1,018,748)
Cash Flows from Investing Activities:  
Investment of cash into Trust Account (182,219,150)
Net cash used in investing activities (182,219,150)
Cash Flows from Financing Activities:  
Proceeds from promissory note - related party 300,000
Repayment of promissory note - related party (300,000)
Proceeds from initial public offering, net of underwriting fees 176,806,700
Proceeds from sale of Private Placement Warrants 8,012,450
Payment of offering costs (764,193)
Proceeds from sale of Class B common stock to Sponsor 25,000
Net cash provided by financing activities 184,079,957
Net Change in Cash 842,059
Cash - Beginning of period 0
Cash - End of period 842,059
Non-cash investing and financing activities  
Deferred underwriting fee payable 6,314,525
Excess of the fair value of Founder Shares sold over the purchase price 4,714,400
Forfeiture of Class B common stock 52
Initial accretion of Class A common stock subject to redemption to redemption value 25,012,764
Subsequent accretion of Class A common stock subject to redemption to redemption amount as of December 31, 2021 $ 29,687