XML 17 R6.htm IDEA: XBRL DOCUMENT v3.22.1
STATEMENT OF CASH FLOWS
10 Months Ended
Dec. 31, 2021
USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES  
Net loss $ (223,233)
Adjustments to reconcile net loss to net cash used in operating activities:  
 Deferred tax asset (19,287)
Unrealized gain on marketable securities held in Trust Account (12,611)
Changes in operating assets and liabilities:  
Prepaid expenses and other current assets (797,516)
Accounts payable and accrued expenses 152,155
Net cash flows used in operating activities (900,492)
CASH FLOWS FROM INVESTING ACTIVITIES  
Cash deposited to Trust Account (263,925,000)
Net cash flows used in investing activities (263,925,000)
CASH FLOWS FROM FINANCING ACTIVITIES  
Proceeds from initial public offering 253,575,000
Proceeds from private placement of warrants 12,350,000
Proceeds from issuance of Class B common stock to Sponsor 25,000
Payment of offering costs (799,258)
Net cash flows provided by financing activities 265,150,742
NET CHANGE IN CASH 325,250
CASH, BEGINNING OF PERIOD
CASH, END OF PERIOD 325,250
Supplemental disclosure of noncash activities:  
Deferred underwriting fees 9,056,250
Accretion for Class A Common Stock to redemption value $ 26,524,228