Quarterly report pursuant to Section 13 or 15(d)

Condensed Statement of Cash Flows

v3.22.2.2
Condensed Statement of Cash Flows - USD ($)
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2022
Jun. 30, 2021
Dec. 31, 2021
Cash Flows from Operating Activities:              
Net income $ 3,198,577 $ 7,508,306 $ 10,673,351 $ (3,774,715) $ 10,706,883 $ 6,898,636  
Adjustments to reconcile net income to net cash used in operating activities:              
General and administrative expenses paid by related party under promissory note           37,965  
Loss upon issuance of private placement warrants 0   0   0 3,496,500  
Offering costs associated with derivative warrant liabilities 0   0   0 848,440  
Change in fair value of derivative warrant liabilities (2,999,910)   (10,923,130)   (10,832,000) (11,944,130)  
Income from investments held in Trust Account (449,186)   (4,805)   (474,998) (6,601)  
Changes in operating assets and liabilities:              
Prepaid expenses         123,807 (575,874)  
Accounts payable         8,933 50,568  
Accrued expenses         (16,665) 400,515  
Accrued expenses - related party         60,000 50,000  
Net cash used in operating activities         (424,040) (743,981)  
Cash Flows from Investing Activities:              
Cash deposited in Trust Account         0 (316,250,000)  
Net cash used in investing activities         0 (316,250,000)  
Cash Flows from Financing Activities:              
Proceeds received from working capital loan - related party         350,000    
Repayment of note payable to related party         (151,790)  
Proceeds received from initial public offering, gross         316,250,000  
Proceeds received from private placement         8,325,000  
Offering costs paid           (6,728,981)  
Net cash provided by financing activities         350,000 317,694,229  
Net change in cash         (74,040) 700,248  
Cash - beginning of the period   $ 81,567   $ 0 81,567 0 $ 0
Cash - end of the period $ 7,527   $ 700,248   7,527 700,248 $ 81,567
Supplemental disclosure of noncash financing activities:              
Offering costs included in accounts payable           5,400  
Offering costs included in accrued expenses           85,450  
Offering costs paid by related party under promissory note           113,825  
Deferred underwriting commissions         $ 11,100,000 $ 11,068,750