Annual report pursuant to Section 13 and 15(d)

Statement of Cash Flows

v3.22.0.1
Statement of Cash Flows
 7 Months Ended
Dec. 31, 2021
USD ($)
Cash Flows from Operating Activities:  
Net loss $ (224,668)
Adjustments to reconcile net loss to net cash used in operating activities:  
General and administrative expenses paid by related party under promissory note 1,516
Income from investments held in Trust Account (3,154)
Changes in operating assets and liabilities:  
Prepaid expenses (533,677)
Accounts payable 23,928
Accrued expenses 18,874
Franchise tax payable 123,886
Net cash used in operating activities (593,295)
Cash Flows from Investing Activities:  
Cash deposited in Trust Account (306,000,000)
Net cash used in investing activities (306,000,000)
Cash Flows from Financing Activities:  
Proceeds from issuance of Class B common stock to Sponsor 25,000
Repayment of advance to related party (23,840)
Proceeds received from initial public offering, gross 300,000,000
Proceeds received from private placement 12,900,000
Offering costs paid (5,517,095)
Net cash provided by financing activities 307,384,065
Net increase in cash 790,770
Cash - beginning of the period
Cash - end of the period 790,770
Supplemental disclosure of noncash financing activities:  
Offering costs included in accounts payable 280,850
Offering costs paid by related party 27,423
Deferred underwriting commissions 11,200,000
Subscription receivable $ 600,000