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STATEMENT OF CASH FLOWS
12 Months Ended
Dec. 31, 2021
USD ($)
Cash Flows from Operating Activities:  
Net loss $ (1,882,406)
Adjustments to reconcile net income to net cash used in operating activities:  
Stock-based compensation expense 1,351,448
Expensed offering costs 4,926
Interest and dividend income on investments held in trust account (6,777)
Change in fair value of warrant liability (199,225)
Changes in operating assets and liabilities:  
Prepaid expenses (238,953)
Accrued expenses 89,507
Accrued expenses - related party 50,000
Franchise tax payable 131,293
Accounts payable 123,279
Net cash used in operating activities (576,908)
Cash flows from Investing Activities:  
Cash deposited in Trust Account (230,000,000)
Net cash used in investing activities (230,000,000)
Cash Flows from Financing Activities:  
Proceeds from initial public offering, net of underwriting discount paid 225,400,000
Proceeds from the sale of private units 7,240,463
Proceeds from promissory note - related party 365,000
Repayment of promissory note - related party (50,000)
Advance from Sponsor 94,537
Repayment of advance from Sponsor (94,537)
Offering costs paid (2,153,848)
Net cash provided by financing activities 230,801,615
Net Change in Cash 224,707
Cash - Beginning of period 0
Cash - End of period 224,707
Non-cash investing and financing activities  
Accretion of Public Shares to redemption value 33,653,689
Deferred underwriting fee payable 8,050,000
Repayment of promissory note through issuance of private units 503,537
Offering costs paid in exchange for private units 225,000
Offering costs paid via promissory note - related party 213,537
Offering costs paid by Sponsor in exchange for issuance of common stock $ 25,000