Annual report pursuant to Section 13 and 15(d)

Statement of Cash Flows

v3.22.1
Statement of Cash Flows
 11 Months Ended
Dec. 31, 2021
USD ($)
Cash Flows from Operating Activities:  
Net income $ 2,965,710
Adjustments to reconcile net income to net cash used in operating activities:  
Formation cost paid by Sponsor in exchange for issuance of Founder Shares 5,000
Interest earned on investments held in the Trust Account (3,949)
Transaction costs allocated to warrants associated with the Initial Public Offering 373,194
Change in the fair value of warrant liability (3,595,333)
Changes in operating assets and liabilities:  
Prepaid expenses (353,541)
Other noncurrent assets (233,482)
Accrued expenses 71,214
Net cash used in operating activities (771,187)
Cash Flows from Investing Activities:  
Investment of cash in Trust Account (236,900,000)
Net cash used in investing activities (236,900,000)
Cash Flows from Financing Activities:  
Proceeds from sale of Units, net of underwriting discounts paid 225,400,000
Proceeds from sale of Private Placement Warrants 14,500,000
Proceeds from promissory note – related party 132,446
Repayment of promissory note – related party (132,446)
Payment of offering costs (741,841)
Net cash provided by financing activities 239,158,159
Net Change in Cash 1,486,972
Cash – Beginning
Cash – Ending 1,486,972
Non-Cash Investing and Financing Activities:  
Initial classification of warrant liability 13,784,667
Initial value of Class A ordinary shares subject to possible redemption 236,900,000
Offering costs paid directly by Sponsor in exchange for issuance of Founder Shares 20,000
Offering costs included in accrued offering costs 1,098
Deferred underwriting fee payable 8,050,000
Remeasurement of Class A ordinary shares to redemption value $ 25,970,956