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STATEMENT OF CASH FLOWS
10 Months Ended
Dec. 31, 2021
USD ($)
Cash Flow from Operating Activities:  
Net income $ 865,634
Adjustments to reconcile net income to net cash used in operating activities:  
Change in fair value of FPA (250,000)
Change in fair value of Warrant Liability (1,986,443)
Transaction Costs allocated to Warrant Liability 385,907
Changes in operating assets and liabilities:  
Prepaid expenses (1,216,323)
Accrued expenses 267,381
Net cash used in operating activities (1,933,844)
Cash flow from investing activities:  
Investment of cash in Trust Account (229,408,110)
Net cash used in investing activities (229,408,110)
Cash flows from financing activities:  
Proceeds from sale of Class A ordinary shares; net of underwriting discounts paid 224,819,948
Proceeds from sale of private placement warrants 6,588,162
Proceeds from promissory note 156,384
Payment of offering costs (156,384)
Net cash provided by financing activities 231,408,110
Net change in cash 66,156
Cash at the beginning of the period 0
Cash at the end of the period 66,156
Supplemental Disclosure of Non-Cash Investing and Financing Activities:  
Offering costs included in accrued expenses 698,630
Payment of accrued expenses by Sponsor directly on behalf of the SPAC 325,000
Payment of prepaid expenses by Sponsor directly on behalf of the SPAC (40,500)
Initial Classification of Class A ordinary share subject to possible redemption 229,408,110
Deferred underwriting fee payable 8,029,284
Initial measurement of warrants issued in connection with the initial public offering accounted for as liabilities 9,661,333
Initial measurement of FPA issued in connection with the initial public offering accounted for as a liability $ 100,000