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Statement of Cash Flows
11 Months Ended
Dec. 31, 2021
USD ($)
Cash flows from operating activities:  
Net loss $ (371,561)
Adjustments to reconcile net income to net cash used in operating activities:  
Formation costs paid by Sponsor 17,463
Formation costs paid by Sponsor in exchange for issuance of Class B common shares 725
Unrealized gain on change in fair value of Forward Purchase Agreement liability (6,001)
Interest earned on investments held in Trust Account (8,409)
Changes in operating assets and liabilities:  
Prepaid expenses (439,469)
Accrued offering costs and expenses 30,808
Franchise taxes payable 174,845
Net cash provided by operating activities (601,599)
Cash Flows from Investing Activities:  
Investment of cash in Trust Account (116,725,000)
Net cash used in investing activities (116,725,000)
Cash Flows from Financing Activities:  
Proceeds from issuance of promissory note – related party 252,950
Proceeds from issuance of Private Placement Warrants 4,950,000
Proceeds from issuance of Founder Shares 25,000
Reimbursement of offering costs from underwriters 1,235,000
Proceeds from Issuance Initial Public Offering 115,000,000
Payment of advances due to related party (312,913)
Payment of deferred underwriter discount (2,000,000)
Payment of deferred offering costs (514,273)
Net cash provided by financing activities 118,635,764
Net change in cash 1,309,165
Cash, beginning of the period 0
Cash, end of the period 1,309,165
Supplemental disclosure of non-cash financing activities:  
Initial value of Forward Purchase Agreement liability 1,013,935
Deferred offering costs paid by Sponsor in promissory note 41,775
Deferred underwriting commission in equity 6,050,000
Initial value of Class A common stock subject to possible redemption 116,725,000
Excess fair value of Anchor Investor shares $ 3,386,739