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 $ 8,180,210
Adjustments to reconcile net income to net cash used in operating activities:  
Change in fair value of derivative warrant liabilities (10,285,670)
Offering costs associated with derivative liabilities 997,440
Income from investments held in Trust Account (71,635)
General and administrative expenses paid by related party in exchange for issuance of Class B ordinary shares 25,000
Changes in operating assets and liabilities:  
Prepaid expenses (17,017)
Accounts payable 961,390
Accrued expenses (181,526)
Net cash used in operating activities (391,808)
Cash Flows from Investing Activities:  
Cash deposited in Trust Account (345,000,000)
Net cash used in investing activities (345,000,000)
Cash Flows from Financing Activities:  
Repayment of promissory note to related party (89,890)
Proceeds received from initial public offering, gross 345,000,000
Proceeds received from private placement 8,900,000
Offering costs paid (7,284,600)
Net cash provided by financing activities 346,525,510
Net change in cash 1,133,702
Cash - beginning of the period 0
Cash - end of the period 1,133,702
Supplemental disclosure of noncash financing activities:  
Offering costs included in accounts payable 233,706
Offering costs included in accrued expenses 225,094
Offering costs paid by related party under promissory note 89,890
Deferred underwriting commissions $ 12,075,000