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Statement of Cash Flows
12 Months Ended
Dec. 31, 2021
USD ($)
Cash Flows from Operating Activities:  
Net loss $ (2,619,935)
Adjustments to reconcile net loss to net cash used in operating activities:  
Loss on warrant liabilities 598,718
Offering costs attributable to warrant liabilities 6,835
Interest earned on marketable securities held in Trust Account (104,868)
Unrealized loss on marketable securities held in Trust Account 33,626
Changes in operating assets and liabilities:  
Prepaid expenses and other current assets (290,228)
Related party payable 50,320
Accrued expenses 1,198,968
Net cash used in operating activities (1,126,564)
Cash Flows from Investing Activities:  
Investment of cash in Trust Account (258,750,000)
Net cash used in investing activities (258,750,000)
Cash Flows from Financing Activities:  
Proceeds from sale of Units, net of underwriting discounts paid 253,575,000
Proceeds from sale of Private Placement Warrants 6,925,000
Proceeds from promissory note – related party 149,476
Repayment of promissory note – related party (149,476)
Payment of offering costs (502,651)
Net cash provided by financing activities 259,997,349
Net Change in Cash 120,785
Cash – Beginning of period
Cash – End of period 120,785
Non-Cash investing and financing activities:  
Initial classification of Common Stock subject to possible redemption 258,570,000
Offering costs paid by Sponsor in exchange for issuance of Founder Shares 25,000
Issuance of Representative Shares 20
Deferred offering costs in accrued expenses $ 85,000