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STATEMENT OF CASH FLOWS
10 Months Ended
Dec. 31, 2021
USD ($)
Cash Flows From Operating Activities:  
Net income $ 2,026,494
Adjustments to reconcile net income to net cash used in operating activities:  
Formation and organization costs paid by related parties 11,043
Stock-based compensation 557,600
Change in fair value of warrant liabilities (4,048,500)
Transaction costs allocable to warrant liabilities 1,338,187
Earnings and gains from marketable securities (30,847)
Changes in operating assets and liabilities:  
Prepaid expenses (276,800)
Prepaid expenses, long term (187,908)
Accounts payable and accrued expenses 25,269
Net Cash Used In Operating Activities (585,462)
Cash Flows From Investing Activities:  
Investment in marketable securities held in Trust Account (345,000,000)
Net Cash Used In Investing Activities (345,000,000)
Cash Flows From Financing Activities:  
Proceeds from sale of Units in Public Offering, net of underwriting fee 338,100,000
Proceeds from sale of Private Placement Warrants 8,900,000
Proceeds from note payable 52,000
Repayment of note payable (195,625)
Due from related party (100,000)
Payment of offering costs (359,471)
Net Cash Provided By Financing Activities 346,396,904
Net change in cash 811,442
Cash at beginning of period 0
Cash at end of period 811,442
Supplemental disclosure of non-cash financing activities:  
Deferred underwriting fee payable 12,075,000
Accretion of Class A ordinary shares subject to possible redemption to redemption value 43,871,445
Offering costs included in accrued offering costs 204,142
Deferred offering costs paid by related party in exchange for Class B ordinary shares 25,000
Deferred offering costs paid by related party 143,625
Subsequent accretion of Class A ordinary shares to redemption value $ 30,847