XML 40 R13.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Statements of Cash Flows (Unaudited) (Q1) - USD ($)
1 Months Ended 3 Months Ended 12 Months Ended
Dec. 31, 2020
Mar. 31, 2022
Mar. 31, 2021
Dec. 31, 2021
Cash Flows from Operating Activities:        
Net income (loss)   $ 3,022,915 $ (1,183,957)  
Adjustments to reconcile net income (loss) to net cash used in operating activities:        
Interest earned on Trust Account (3,620) (1,294) $ (52,047)
Increase in deferred legal costs 2,112,194 8,186,101
Change in fair value of warrant liabilities (4,358,333) 348,666 2,963,666
Change in fair value of forward purchase agreement liabilities (2,664,000) 1,665,000
Offering costs allocated to warrants 719,201 719,201
Changes in current assets and current liabilities:        
Prepaid assets 73,638 (529,047) (237,871)
Accounts payable and accrued expenses 10,951 1,372,375 592,749 272,953
Due to related party 30,043 95,000
Net cash used in operating activities (414,788) (53,682) (815,682)
Cash Flows from Investing Activities:        
Investment of cash into Trust Account (345,000,000) (345,000,000)
Net cash used in investing activities (345,000,000) (345,000,000)
Cash Flows from Financing Activities:        
Proceeds from issuance of Founder Shares 25,000 25,000
Proceeds from Initial Public Offering, net of underwriters' discount 338,100,000 338,100,000
Proceeds from issuance of Private Placement Warrants 8,900,000 8,900,000
Payments of offering costs (521,631) (1,205,550)
Net cash provided by financing activities 346,503,369 347,319,450
Net Change in Cash (414,788) 1,449,687 1,503,768
Cash - Beginning 1,503,768
Cash - Ending 1,088,980 1,449,687 1,503,768
Supplemental Disclosure of Non-cash Financing Activities:        
Initial value of warrant liabilities 18,190,000 18,190,000
Deferred underwriters' discount payable charged to additional paid-in capital 12,075,000 12,075,000
Initial value of forward purchase agreement liabilities $ 11,655,000 $ 11,655,000