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CONDENSED STATEMENTS OF CASH FLOWS
11 Months Ended
Dec. 31, 2021
USD ($)
Cash Flows from Operating Activities:  
Net income (loss) $ (1,056,706)
Adjustments to reconcile net income (loss) to net cash used in operating activities:  
Interest earned on marketable securities held in Trust Account (117,677)
Unrealized gain on marketable securities held in Trust Account (7,793)
Offering costs 168,415
Changes in operating assets and liabilities:  
Prepaid expenses (1,256,534)
Accrued expenses 387,699
Income taxes payable 2,416
Net cash used in operating activities (1,880,180)
Cash Flows from Investing Activities:  
Net cash provided by investing activities (500,000,000)
Cash flows from financing activities:  
Proceeds from issuance of Class B common stock to Sponsor 25,000
Proceeds from sale of Units, net of underwriting discounts paid 491,420,000
Proceeds from sale of private placement shares 14,500,000
Proceeds from promissory note - related party 500,000
Repayment of promissory note - related party (500,000)
Payment of offering costs (727,770)
Net cash provided by financing activities 505,217,230
Net Change in Cash 3,337,050
Cash - End of period 3,337,050
Non-Cash Investing and Financing Activities:  
Offering costs included in accrued offering costs 12,770
Deferred underwriting fee payable $ 17,500,000