Annual report pursuant to Section 13 and 15(d)

Statements of Cash Flows

v3.23.1
Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash Flows from Operating Activities:    
Net income (loss) $ 9,342,644 $ 15,225,829
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Interest income earned on Trust (654,735) (26,714)
Gain on settlement of payable 0 (860,699)
Unrealized loss/(gain) on change in fair value of warrants (12,065,834) (20,358,180)
Change in current assets and current liabilities:    
Prepaid expenses 186,473 447,223
Due to related party 120,000 119,204
Income tax payable 38,180 0
Deferred legal fees 1,618,919 4,594,437
Advances from Sponsor 702,644 100,000
Accounts payable and accrued expenses 336,349 37,625
Net cash used in operating activities (375,360) (721,275)
Cash Flows from Financing Activities:    
Cash withdrawn from Trust Account to pay franchise and income taxes 81,200 0
Cash withdrawn from Trust Account in connection with redemption 283,624,535 0
Net cash used in investing activities 283,705,735 0
Cash Flows from Financing Activities:    
Contribution from CEO - Non Redemption Agreements 251,866 0
Redemptions of common stock (283,624,535) 0
Net cash provided by financing activities (283,372,669) 0
Net Change in Cash (42,294) (721,275)
Cash—Beginning 43,054 764,329
Cash—Ending 760 43,054
Supplemental disclosure    
Cash paid for income taxes $ 0 $ 0