XML 16 R6.htm IDEA: XBRL DOCUMENT v3.22.2
CONDENSED STATEMENT OF CASH FLOWS (Unaudited)
6 Months Ended
Jun. 30, 2022
USD ($)
Cash Flows from Operating Activities:  
Net loss $ (724,120)
Adjustments to reconcile net loss to net cash used in operating activities:  
Operating costs paid by related party under promissory note 393
Interest earned on investments held in Trust Account (165,741)
Stock-based compensation 560,000
Changes in current assets and current liabilities:  
Prepaid expenses (680,527)
Due from related party (88,374)
Accrued offering costs and expenses (210,476)
Net cash used in operating activities (1,308,845)
Cash Flows from Investing Activities:  
Investment in marketable securities held in Trust account (111,366,250)
Net cash used in investing activities (111,366,250)
Cash Flows from Financing Activities:  
Proceeds from initial public offering, net of costs 106,477,000
Proceeds from private placement 7,654,250
Payment of deferred offering costs (318,604)
Payment of promissory note (217,233)
Net cash provided by financing activities 113,595,413
Net Change in Cash 920,318
Cash - Ending 920,318
Supplemental Disclosure of Non-cash Financing Activities:  
Deferred underwriters’ commissions payable charged to additional paid-in capital 4,346,000
Forfeiture of class B ordinary shares $ 16