Annual report pursuant to Section 13 and 15(d)

STATEMENT OF CASH FLOWS

v3.22.1
STATEMENT OF CASH FLOWS
12 Months Ended
Dec. 31, 2021
USD ($)
Cash Flows from Operating Activities:  
Net loss $ (854,585)
Adjustments to reconcile net loss to net cash used in operating activities:  
Interest earned on marketable securities held in Trust Account (15,241)
Change in fair value of warrant liabilities (635,817)
Transaction costs allocable to warrant liabilities 292,920
Changes in operating assets and liabilities:  
Prepaid expenses (403,378)
Accrued expenses 622,863
Net cash used in operating activities (993,238)
Cash Flows from Investing Activities:  
Investment of cash in Trust Account (200,000,000)
Net cash used in investing activities (200,000,000)
Cash Flows from Financing Activities:  
Proceeds from sale of Units, net of underwriting discounts paid 196,000,000
Proceeds from sale of Private Placement Warrants 6,000,000
Repayment of promissory note - related party (62,118)
Proceeds from promissory note – related party 62,118
Payment of offering costs (436,429)
Net cash provided by financing activities 201,563,571
Net Change in Cash 570,333
Cash – End of period 570,333
Non-Cash investing and financing activities:  
Offering costs paid directly by Sponsor in exchange for the issuance of Class B common stock 25,000
Forfeiture of Founder Shares (75)
Deferred underwriting fee payable $ 7,000,000