XML 35 R12.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Statement of Cash Flows (Unaudited) - USD ($)
3 Months Ended 5 Months Ended
Mar. 31, 2022
Dec. 31, 2020
Cash flows from operating activities:    
Net loss $ (372,974) $ (9,672)
Adjustments to reconcile net loss to net cash used in operating activities:    
Formation costs paid by related party 0 9,672
Interest earned on cash and investments held in trust account (19,675) 0
Changes in operating assets and liabilities:    
Prepaid expenses (6,083) 0
Increase (Decrease) in Due to Related Parties 73,795 0
Accrued offering costs and expenses 79,068 0
Net cash used in operating activities (245,869) 0
Cash Flows from Investing Activities:    
Cash invested in Trust Account (146,625,000) 0
Net cash used in investing activities (146,625,000) 0
Cash Flows from Financing Activities:    
Proceeds from initial public offering, net of underwriting discount 140,875,000 0
Proceeds from sale of private placement warrants 7,250,000 0
Proceeds from issuance of promissory note to related party 25,000 0
Payment of offering costs (443,347) 0
Payment of promissory note to related party (171,356)
Net cash provided by financing activities 147,535,297 0
Net change in cash 664,428 0
Cash, beginning of period 664,428 0
Cash, end of the period   0
Supplemental disclosure of cash flow information:    
Issuance of Class B ordinary shares in exchange for due to related party 25,000 0
Offering costs 146,356 48,262
Issuance of shares to underwriter representative 1,437,500 0
Initial Classification of Class A ordinary shares subject to possible redemption 146,625,000 0
Deferred underwriting commissions payable charged to accumulated deficit $ 5,031,250 $ 0