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Condensed Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash Flows from Operating Activities:    
Net income $ 7,053,847 $ 3,221,641
Adjustments to reconcile net income to net cash used in operating activities:    
Change in fair value of warrant liabilities (7,514,642) (3,810,600)
Transaction costs allocated to warrant liabilities 438,283
Interest earned on investments held in Trust Account (4,329) (7,140)
Changes in operating assets and liabilities:    
Prepaid expenses 73,542 (156,054)
Accrued expenses 88,068 163,883
Net cash used in operating activities (303,514) (149,987)
Cash Flows from Investing Activities:    
Investment of cash in Trust Account (253,000,000)
Net cash used in investing activities (253,000,000)
Cash Flows from Financing Activities:    
Proceeds from sale of Units, net of underwriting discounts paid 247,940,000
Proceeds from sale of Private Placements Warrants 7,060,000
Proceeds from promissory note – related party 109,152
Repayments of promissory note – related party
Payment of offering costs (337,352)
Net cash provided by financing activities 254,771,800
Net Change in Cash (303,514) 1,621,813
Cash – Beginning of period 769,432
Cash – End of period 465,918 1,621,813
Non-cash investing and financing activities:    
Offering costs included in accrued offering costs 55,775
Accretion for Class A common shares to redemption amount 21,524,844
Offering costs paid through promissory note 40,000
Deferred underwriting fee payable $ 8,855,000