XML 17 R7.htm IDEA: XBRL DOCUMENT v3.22.1
Statement of Cash Flows
11 Months Ended
Dec. 31, 2021
USD ($)
Cash Flows from Operating Activities:  
Net loss $ (407,624)
Dividend earned on securities held in Trust Account (3,964)
Change in fair value of over-allotment liability (16,788)
Adjustments to reconcile net loss to net cash used in operating activities:  
Accrued offering costs and expenses 235,051
Prepaid expenses (408,836)
Net cash used in operating activities (602,161)
Cash flows from Investing Activities:  
Investment of cash held in Trust Account (175,950,000)
Net cash used in investing activities (175,950,000)
Cash flows from Financing Activities:  
Proceeds from issuance of Class B ordinary shares to Sponsor 25,000
Proceeds from issuance of Class A ordinary shares to underwriters 40
Proceeds from sale of Units 175,950,000
Proceeds from sale of Private Warrants 9,300,000
Proceeds from promissory note – related party 279,935
Repayment of promissory note – related party (279,935)
Payment of offering costs (7,599,495)
Net cash provided by financing activities 177,675,545
Net Change in Cash: 1,123,384
Cash - Beginning
Cash - Ending 1,123,384
Supplemental disclosure of non-cash investing and financing activities:  
Deferred offering costs in accrued offering costs and expenses 32,050
Issuance of Underwriter Founder Shares $ 30