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UNAUDITED CONDENSED STATEMENT OF CASH FLOWS
3 Months Ended
Mar. 31, 2022
USD ($)
Cash Flows from Operating Activities:  
Net loss $ (428,762)
Adjustments to reconcile net income (loss) to net cash used in operating activities:  
Interest earned on marketable securities held in Trust Account (6,501)
Changes in operating assets and liabilities:  
Prepaid expenses (452,407)
Accrued expenses (9,424)
Due from related party (7,500)
Net cash used in operating activities (904,594)
Cash Flows from Investing Activities:  
Investment held in Trust Account (87,543,750)
Net cash used in investing activities (87,543,750)
Cash Flows from Financing Activities:  
Proceeds from sale of Units, net of underwriting discounts paid 84,525,000
Proceeds from sale of Private Units 4,718,750
Issuance of Underwriter Founder Shares 450
Proceeds from issuance of promissory note to related party 25,635
Repayment of promissory note – related party (175,609)
Net cash provided by financing activities 89,094,226
Net Change in Cash 645,882
Cash – Beginning of period
Cash – End of period 645,882
Non-Cash investing and financing activities:  
Deferred underwriting commissions charged to additional paid in capital 3,018,750
Deferred offering costs paid by the promissory note 97,095
Initial value of ordinary shares subject to possible redemption 87,543,750
Accretion of carrying value to redemption value $ 8,154,962