Annual report pursuant to Section 13 and 15(d)

Statement of Cash Flows

Statement of Cash Flows
5 Months Ended
Dec. 31, 2021
USD ($)
Cash Flows from Operating Activities:  
Net income $ 6,375,125
Adjustments to reconcile net loss to net cash used in operating activities:  
Interest earned on marketable securities held in Trust Account (888)
Change in fair value of warrant liabilities (6,884,712)
Transaction costs 321,236
Changes in operating assets and liabilities:  
Prepaid expenses (437,985)
Prepaid expenses – non-current portion (414,521)
Accounts payable and accrued expenses 137,916
Due to related party 11,820
Net cash used in operating activities (892,009)
Cash Flows from Investing Activities:  
Investment of cash in Trust Account (351,900,000)
Net cash used in investing activities (351,900,000)
Cash Flows from Financing Activities:  
Proceeds from sale of 34,500,000 Units, net of underwriting discounts paid 338,100,000
Proceeds from sale of 16,300,000 Private Placement Warrants 16,300,000
Payments of offering costs (682,233)
Net cash provided by financing activities 353,717,767
Net Change in Cash 925,758
Cash – Beginning 0
Cash – Ending 925,758
Non-Cash Investing and Financing Activities:  
Deferred offering costs paid by Sponsor in exchange for issuance of Class B ordinary shares 25,000
Costs paid by Sponsor in exchange for credit towards the purchase price of the Private Placement Warrants purchased at closing $ 1,498,810