XML 50 R37.htm IDEA: XBRL DOCUMENT v3.22.2
UNAUDITED STATEMENTS OF CASH FLOWS - USD ($)
1 Months Ended 3 Months Ended 10 Months Ended
Mar. 31, 2021
Mar. 31, 2022
Dec. 31, 2021
Cash Flows from Operating Activities:      
Net loss $ (770) $ (152,562) $ (180,911)
Adjustments to reconcile net loss to net cash used in operating activities:      
Gain on marketable securities (net), dividends and interest, held in Trust Account   (16,404) (4,349)
Changes in operating assets and liabilities:      
Prepaid expenses and other assets (179,724) (40,471) (182,521)
Accounts payable and accrued expenses 39,249 (107,458) 123,784
Net cash used in operating activities (141,245) (316,895) (243,997)
Cash Flows from Investing Activities:      
Investment of cash into Trust Account     (201,000,000)
Net cash used in investing activities     (201,000,000)
Cash Flows from Financing Activities:      
Advances from related party 132,920   250,000
Repayment of note payable and advances from related party     (250,000)
Proceeds from issuance of common stock to Sponsor 33,333   33,333
Proceeds from sale of common stock, net of transaction costs     195,282,146
Net cash provided by financing activities 166,253   202,690,479
Net (decrease) increase in cash 25,008 (316,895) 1,446,482
Cash - beginning of period 0 1,446,482 0
Cash - end of period $ 25,008 1,129,587 1,446,482
Supplemental disclosure of noncash investing and financing activities:      
Deferred underwriting and advisory fees payable     9,000,000
Initial classification of common stock subject to possible redemption     173,485,416
Remeasurement adjustment on redeemable common stock     27,514,584
Excess fair value over consideration paid for founder shares sold to the anchor investors     8,163,891
Related Party Loans      
Cash Flows from Financing Activities:      
Advances from related party   $ 250,000 $ 250,000