Current report filing

CONSOLIDATED STATEMENTS OF CASH FLOWS

v3.23.3
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
4 Months Ended 11 Months Ended
Dec. 31, 2020
Dec. 02, 2021
Cash Flows from Operating Activities:    
Net loss $ (2,286) $ (24,805,124)
Adjustments to reconcile net loss to net cash used in operating activities:    
Interest earned on marketable securities held in Trust Account   (17,136)
Change in fair value of warrant liabilities   2,074,467
Transaction costs incurred in connection with IPO   234,419
Changes in operating assets and liabilities:    
Prepaid expenses   (355,188)
Accounts payable and accrued expenses 2,286 21,282,014
Net cash used in operating activities   (1,586,548)
Cash Flows from Investing Activities:    
Investment of cash into trust Account   (316,250,000)
Net cash used in investing activities   (316,250,000)
Cash Flows from Financing Activities:    
Proceeds from issuance of Class B common stock to Sponsor 25,000  
Proceeds from sale of Units, net of underwriting discounts paid   309,924,999
Proceeds from sale of Private Placements Warrants   8,325,000
Proceeds from convertible promissory note - related party 275,000  
Advances from related party   150,000
Repayment of convertible promissory note - related party   (275,000)
Payment of offering costs (120,488) (367,028)
Net cash provided by financing activities 179,512 317,757,971
Net (Decrease) Increase in Cash 179,512 (78,577)
Cash - Beginning   179,512
Cash - Ending 179,512 100,935
Non-cash investing and financing activities:    
Offering costs included in accrued offering cost $ 94,960 15,450
Initial classification of Class A common stock subject to possible redemption   $ 316,250,000