Quarterly report pursuant to Section 13 or 15(d)

CONDENSED STATEMENTS OF CASH FLOWS

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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash Flows from Operating Activities:    
Net income $ 5,820,301 $ 13,418,851
Adjustments to reconcile net income to net cash used in operating activities:    
Change in fair value of warrant liabilities (6,468,000) (14,552,999)
Interest earned on investments held in Trust Account (112,014) (9,289)
Transaction costs incurred in connection with derivative warrant liabilities 0 974,164
Changes in operating assets and liabilities:    
Prepaid expenses (19,645) (669,460)
Accounts payable and accrued expenses 356,239 128,673
Net cash used in operating activities (423,119) (710,060)
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 9,533 0
Repayment of promissory note-related party 0 (89,889)
Payment of offering costs 0 (111,260)
Net cash provided by financing activities 9,533 347,598,851
Net Change in Cash (413,586) 1,888,791
Cash - Beginning of period 1,223,657 0
Cash - End of period 810,071 1,888,791
Non-Cash investing and financing activities:    
Offering costs included in accrued offering costs 0 375,000
Offering costs paid through promissory note 0 89,889
Deferred underwriting fee payable $ 0 $ 12,075,000