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Statement of Cash Flows
10 Months Ended
Dec. 31, 2021
USD ($)
Cash flows from operating activities:  
Net loss $ (413,000)
Adjustments to reconcile net loss to net cash used in operating activities:  
Interest income retained in the Trust Account (16,000)
Changes in operating assets and liabilities:  
Increase in prepaid expenses (708,000)
Increase in accounts payable (excluding offering costs of $82,000) 27,000
Increase in accrued liabilities and taxes 203,000
Net cash used in operating activities (907,000)
Cash flows from investing activities:  
Cash deposited in Trust Account (196,849,000)
Net cash used in investing activities (196,849,000)
Cash flows from financing activities:  
Proceeds from sale of Class B common stock to Sponsor 25,000
Proceeds from note payable to Sponsor 85,000
Proceeds from sale of Units to the public 194,900,000
Proceeds from sale of Private Placement Warrants 9,254,000
Payment of underwriting discounts (3,898,000)
Payment of offering costs (553,000)
Payment of note payable to Sponsor (85,000)
Net cash provided by financing activities 199,728,000
Net increase in cash 1,972,000
Cash at beginning of period
Cash at end of period 1,972,000
Supplemental disclosure of non-cash financing activities:  
Deferred underwriters’ compensation 6,822,000
Offering costs included in accounts payable 82,000
Fair value of founder shares issued over cost to Anchor Investors $ 8,019,000