Annual report pursuant to Section 13 and 15(d)

Statement of Cash Flows

Statement of Cash Flows
10 Months Ended
Dec. 31, 2021
USD ($)
Cash Flows From Operating Activities:  
Net loss $ (2,523,612)
Adjustments to reconcile net loss to net cash used in operating activities:  
Investment income earned on treasury securities held in the Trust Account (6,966)
Costs associated with warrant liabilities 735,630
Gain on change in fair value of derivative liabilities (5,244,100)
Share-based compensation 6,217,250
Changes in operating assets and liabilities:  
Prepaid expenses (294,062)
Accounts payable and accrued expenses 318,521
Net Cash Used In Operating Activities (797,339)
Cash Flows From Investing Activities:  
Cash deposited into the Trust Account (169,000,000)
Net Cash Used In Investing Activities (169,000,000)
Cash Flows From Financing Activities:  
Sale of Units in the Initial Public Offering, net of underwriting discount 165,620,000
Sale of Private Placement Warrants to the Sponsor 6,380,000
Related party advances 27,250
Payment of offering costs (660,108)
Net Cash Provided By Financing Activities 171,367,142
Net change in cash and cash equivalents 1,569,803
Cash and cash equivalents at beginning of period 0
Cash and cash equivalents at end of period 1,569,803
Supplemental disclosure of non-cash financing activities:  
Initial classification of fair value of warrants 20,910,300
Deferred underwriting compensation charged to additional paid-in capital in connection with the Initial Public Offering 5,915,000
Formation and offering costs paid by Sponsor in exchange for Class B ordinary shares 25,000
Formation and operating costs paid by related party 73,297
Measurement adjustment of Class A ordinary shares to redemption value $ 169,000,000