XML 16 R6.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Statement of Cash Flows
3 Months Ended
Mar. 31, 2022
USD ($)
Cash Flows from Operating Activities:  
Net income $ 3,097,637
Adjustments to reconcile net income to net cash used in operating activities:  
Allocation of deferred offering costs for warrant liability 516,747
Change in fair value of warrant liability (3,636,595)
Gain on extinguishment of OA liability (258,440)
Changes in operating assets and liabilities:  
Prepaid expenses (668,590)
Accounts payable and accrued expenses 202,073
Net cash used in operating activities (747,168)
Cash Flows from Investing Activities:  
Investment of cash in Trust Account (204,020,000)
Net cash used in investing activities (204,020,000)
Cash Flows from Financing Activities:  
Proceeds from issuance of Class A ordinary shares to Sponsor 202,000,000
Payment of underwriting fee (2,525,000)
Payment of Promissory Note (242,801)
Payment of deferred offering costs (406,631)
Proceeds from sale of Private Warrants 6,470,000
Net cash provided by financing activities 205,295,568
Net Change in Cash 528,400
Cash – Beginning 65,373
Cash – Ending 593,773
Non-Cash Investing and Financing Activities:  
Initial measurement of Class A ordinary shares subject to possible redemption 174,013,413
Initial measurement of public warrants and private placement warrants 5,780,547
Deferred underwriting fee payable 7,070,000
Remeasurement of Class A ordinary shares subject to possible redemption 30,006,587
Forfeiture of Founder Shares (70)
Issuance of Representative Shares 30
Deferred offering costs included in accrued offering costs $ 103,884