Annual report pursuant to Section 13 and 15(d)

STATEMENTS OF CASH FLOWS

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STATEMENTS OF CASH FLOWS - USD ($)
1 Months Ended 12 Months Ended
Dec. 31, 2020
Dec. 31, 2021
Cash Flows from Operating Activities:    
Net income(loss) $ (5,000) $ 13,840,189
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Change in fair value of warrant liabilities 0 (16,349,666)
Formation cost paid by Sponsor in exchange for issuance of founder shares 5,000 0
Interest earned on investments held in Trust Account 0 (34,441)
Transaction costs incurred in connection with derivative warrant liabilities 0 974,164
Changes in operating assets and liabilities:    
Prepaid expenses 0 (398,253)
Accounts payable and accrued expenses 0 967,453
Net cash used in operating activities 0 (1,000,554)
Cash Flows from Investing Activities:    
Investment of cash in Trust Account 0 (345,000,000)
Net cash used in investing activities 0 (345,000,000)
Cash Flows from Financing Activities:    
Proceeds from sale of Units, net of underwriting discounts paid 0 338,100,000
Proceeds from sale of Private Placement Warrants 0 9,700,000
Advances from related party 0 360
Repayment of promissory note - related party 0 (89,889)
Payment of offering costs 0 (486,260)
Net cash provided by financing activities 0 347,224,211
Net Change in Cash 0 1,223,657
Cash - Beginning of period 0 0
Cash - End of period 0 1,223,657
Non-Cash investing and financing activities:    
Offering costs included in accrued offering costs 100,000 375,000
Offering costs paid through promissory note 0 89,889
Deferred underwriting fee payable 0 12,075,000
Offering costs paid by Sponsor in exchange for issuance of founder shares $ 20,000 $ 0