Quarterly report pursuant to Section 13 or 15(d)

CONDENSED STATEMENT OF CASH FLOWS

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CONDENSED STATEMENT OF CASH FLOWS
 8 Months Ended
Sep. 30, 2021
USD ($)
Cash Flows from Operating Activities:  
Net income $ 8,645,013
Adjustments to reconcile net income to net cash used in operating activities:  
Change in fair value of derivative warrant liabilities (10,634,330)
Offering costs associated with derivative liabilities 997,440
Income from investments held in Trust Account (48,769)
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 (19,516)
Accounts payable 371,584
Accrued expenses 424,089
Net cash used in operating activities (239,489)
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 (6,964,100)
Net cash provided by financing activities 346,846,010
Net change in cash 1,606,521
Cash - beginning of the period 0
Cash - end of the period 1,606,521
Supplemental disclosure of noncash financing activities:  
Offering costs included in accounts payable 554,206
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