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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited)
8 Months Ended
Sep. 30, 2021
USD ($)
Cash flows from operating activities  
Net loss $ (3,081,952)
Adjustments to reconcile net loss to net cash used in operating activities:  
Depreciation 1,423
Change in fair value of warrant liability 112,692
Changes in assets and liabilities:  
Prepaid expenses (14,915,623)
Security deposits (9,381,172)
Accounts payable 86,986
Accrued legal costs 3,600
Accrued expenses 73,725
Net cash used in operating activities (27,100,321)
Cash flows from investing activities  
Deposits on equipment (74,345,874)
Purchases of property and equipment (130,237)
Net cash used in investing activities (74,476,111)
Cash flows from financing activities  
Proceeds from borrowings on related party loan 7,038,038
Repayments under related party loan (7,038,038)
Proceeds from the issuance of common stock 5
Business Combination, net of issuance costs paid 383,853,005
Net cash provided by financing activities 383,853,010
Net increase in cash and cash equivalents 282,276,578
Cash and cash equivalents, beginning of the period 0
Cash and cash equivalents, end of the period 282,276,578
Supplemental disclosure of cash flow information  
Cash paid for interest 89
Cash paid for income taxes, net 0
Supplemental disclosure of noncash investing and financing activities  
Business Combination costs included in accrued legal costs 1,024,443
Business Combination costs included in accounts payable 38,973
Net assets assumed from GWAC in the Business Combination 433,186
Non-cash fair value of private warrants 261,060
Deferred investment costs included in accrued legal costs $ 174,250