Quarterly report pursuant to Section 13 or 15(d)

CONDENSED STATEMENTS OF CASH FLOWS

v3.22.2.2
CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows from Operating Activities:    
Net income $ 6,705,792 $ 8,221,165
Adjustments to reconcile net income to net cash used in operating activities:    
Change in fair value of warrant liabilities (8,624,000) (9,522,333)
Interest earned on investments held in Trust Account (489,273) (24,676)
Transaction costs incurred in connection with derivative warrant liabilities 0 974,164
Changes in operating assets and liabilities:    
Prepaid expenses 79,251 (592,021)
Accounts payable and accrued expenses 1,337,311 170,442
Net cash used in operating activities (990,919) (773,259)
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 (486,260)
Net cash provided by financing activities 9,533 347,223,851
Net Change in Cash (981,386) 1,450,592
Cash - Beginning of period 1,223,657 0
Cash - End of period 242,271 1,450,592
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