XML 23 R7.htm IDEA: XBRL DOCUMENT v3.22.0.1
CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
1 Months Ended 11 Months Ended
Jan. 31, 2021
Dec. 31, 2021
Cash flows from operating activities    
Net loss $ (3,480) $ (72,152,564)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 5 4,867
Change in fair value of warrant liability   (21,828)
Share-based compensation   63,765,473
Changes in assets and liabilities:    
Prepaid expenses   (13,385,639)
Security deposits   (10,352,306)
Accounts payable 277 221,775
Accrued expenses 3,198 254,289
Net cash used in operating activities   (31,665,933)
Cash flows from investing activities    
Deposits on equipment   (114,856,314)
Purchases of property and equipment   (5,109,426)
Payments for deferred investment costs   (174,250)
Net cash used in investing activities   (120,139,990)
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   384,893,088
Repurchase of common shares to pay employee withholding taxes   (23,245,913)
Net cash provided by financing activities   361,647,180
Net increase in cash and cash equivalents   209,841,257
Cash and cash equivalents, end of the period   209,841,257
Supplemental disclosure of cash flow information    
Cash paid for interest   26,912
Supplemental disclosure of noncash investing and financing activities    
Property and equipment purchases in accounts payable 1,642 18,070
Net assets assumed from GWAC in the Business Combination   433,186
Non-cash fair value of private warrants   $ 261,060
Deferred offering costs included in accrued expenses $ 171,450