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STATEMENT OF CASH FLOWS
11 Months Ended
Dec. 31, 2021
USD ($)
Cash Flows from Operating Activities:  
Net loss $ 46,738
Adjustments to reconcile net loss to net cash used in operating activities:  
General and administrative expenses paid by Sponsor in exchange for issuance of Class B common stock 1,000
Change in fair value of derivative warrant liabilities (1,905,000)
Offering costs allocated to derivative warrant liabilities 476,450
Income from investments held in the trust account (6,015)
Changes in operating assets and liabilities:  
Prepaid expenses 155,454
Accounts payable 85,534
Due to related party 49,723
Accrued expenses 199,733
Capital base tax payable 198,129
Franchise tax payable 188,237
Net cash used in operating activities (510,017)
Cash Flows from Investing Activities  
Investment income released from Trust Account (150,000,000)
Net cash provided by investing activities (150,000,000)
Cash Flows from Financing Activities:  
Proceeds from note payable to related party 1,000
Proceeds received from initial public offering, gross 150,000,000
Proceeds received from private placement 852,416
Net cash provided by financing activities 150,853,416
Net change in cash 343,399
Cash - beginning of the period 0
Cash - end of the period 343,399
Supplemental disclosure of noncash activities:  
Offering costs included in accrued expenses 30,000
Offering costs paid by Sponsor in exchange for issuance of Class B common stock 24,000
Offering costs included in notes payable 1,968,784
Prepaid expenses paid by related party under note payable and advances 677,800
Repayment of note payable and advances by Sponsor in exchange for issuance of private placement warrants 2,647,584
Deferred underwriting commissions in connection with the initial public offering $ 5,250,000