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Statement Of Cash Flows
10 Months Ended
Dec. 31, 2021
USD ($)
Cash Flows from Operating Activities:  
Net loss $ (2,324,629)
Adjustments to reconcile net loss to net cash used in operating activities:  
Formation costs paid by Sponsor in exchange for issuance of Founder Shares 5,000
Interest earned on marketable securities held in Trust Account (8,324)
Changes in operating assets and liabilities:  
Prepaid expenses (751,689)
Accounts payable 5,000
Accrued expenses 1,864,796
Net cash used in operating activities (1,209,846)
Cash Flows from Investing Activities:  
Investment of cash into Trust Account (250,000,000)
Net cash used in investing activities (250,000,000)
Cash Flows from Financing Activities  
Proceeds from sale of Public Shares, net of underwriting discounts paid 245,600,000
Proceeds from sale of Private Placement Shares 6,400,000
Advances from related party 97,319
Repayment of advances from related party (87,319)
Proceeds from promissory note – related party 300,000
Repayment of promissory note—related party (300,000)
Payment of offering costs (359,666)
Net cash provided by financing activities 251,650,334
Net Change in Cash 440,488
Cash – Beginning of period (inception)
Cash – End of period 440,488
Non-Cash Investing and Financing Activities:  
Offering costs paid by Sponsor in exchange for issuance of Founder Shares 20,000
Remeasurement of Class A ordinary shares to redemption value 12,487,990
Deferred underwriting fee payable $ 7,700,000