Annual report pursuant to Section 13 and 15(d)

Statement of Cash Flows

v3.22.1
Statement of Cash Flows - USD ($)
 5 Months Ended 12 Months Ended
Dec. 31, 2020
Dec. 31, 2021
Cash Flows from Operating Activities:    
Net income (loss) $ (7,117,234) $ 15,225,829
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Interest income earned on Trust (82) (26,714)
Loss on sale of private placement warrants 2,871,152 0
Warrant issuance costs 1,138,086 0
Gain on settlement of payable 0 (860,699)
Unrealized loss/(gain) on change in fair value of warrants 2,948,911 (20,358,180)
Changes in current assets and current liabilities:    
Prepaid expenses (634,512) 447,223
Due to related party 2,885 119,204
Deferred legal fee 0 4,594,437
Advances from Sponsor 0 100,000
Accounts payable and accrued expenses 137,179 37,625
Net cash used in operating activities (653,615) (721,275)
Cash Flows from Financing Activities:    
Investment held in Trust Account (300,000,000) 0
Net cash used in investing activities (300,000,000) 0
Cash Flows from Financing Activities:    
Proceeds from Initial Public Offering, net of underwriters' fees 294,000,000 0
Proceeds from private placement 8,000,000 0
Proceeds from issuance of found shares 25,000  
Advances from Sponsor 634,447 0
Proceeds from issuance of promissory note related party 275,000 0
Repayment of promissory note to related party (275,000) 0
Repayment of advances from Sponsor (634,447) 0
Payment of offering costs (607,056) 0
Net cash provided by financing activities 301,417,944 0
Net Change in Cash 764,329 (721,275)
Cash—Beginning 0 764,329
Cash—Ending 764,329 43,054
Supplemental disclosure of noncash financing activities    
Year-end value of Class A common stock subject to possible redemption 300,000,000 0
Initial classification of warrant liability 27,987,400 0
Deferred underwriting commissions $ 10,500,000 0
Founder Shares [Member]    
Cash Flows from Financing Activities:    
Proceeds from issuance of found shares   $ 0