Annual report pursuant to Section 13 and 15(d)

STATEMENT OF CASH FLOWS

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STATEMENT OF CASH FLOWS
12 Months Ended
Dec. 31, 2021
USD ($)
Cash flows from Operating Activities:  
Net loss $ (504,671)
Adjustments to reconcile net loss to net cash used in operating activities  
Interest earned on assets held in Trust (22,043)
Changes in operating assets and liabilities:  
Prepaid expenses (603,154)
Accrued expenses 591,020
Net cash used in operating activities (538,848)
Cash Flows from Investing Activities  
Cash deposited into Trust account (230,000,000)
Net cash used in investing activities (230,000,000)
Cash Flows from Financing Activities  
Sale of units in public offering 230,000,000
Sale of warrants 6,500,000
Offering costs (4,960,785)
Proceeds from Sponsor note 100,000
Repayment of Sponsor note (100,000)
Proceeds from issuance of Class B common stock to Sponsor 25,000
Net cash provided by financing activities 231,564,215
Net change in cash 1,025,367
Cash at end of period 1,025,367
Non-cash financing activities:  
Deferred underwriters' commissions 8,650,000
Remeasurement of carrying value of Class A common stock to initial redemption value 21,948,937
Initial classification of Class A common stock subject to possible redemption $ 230,000,000