Quarterly report pursuant to Section 13 or 15(d)

UNAUDITED CONDENSED STATEMENTS OF CASH FLOWS

v3.22.1
UNAUDITED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
2 Months Ended 3 Months Ended 11 Months Ended
Mar. 31, 2021
Mar. 31, 2022
Dec. 31, 2021
Cash Flows from Operating Activities:      
Net income (loss) $ (900,645) $ 8,423,391  
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:      
Change in fair value of derivative warrant liabilities (174,330) (8,716,660)  
Offering costs associated with derivative liabilities 997,440 0  
Income from investments held in Trust Account (2,727) (122,516)  
General and administrative expenses paid by related party in exchange for issuance of Class B ordinary shares 25,000 0  
Changes in operating assets and liabilities:      
Prepaid expenses (24,517) (62,083)  
Accounts payable 63,361 (365,019)  
Accrued expenses 17,533 112,768  
Net cash (used in) provided by operating activities 1,115 (730,119)  
Cash Flows from Investing Activities:      
Cash deposited in Trust Account (345,000,000) 0  
Net cash used in investing activities (345,000,000) 0  
Cash Flows from Financing Activities:      
Repayment of promissory note to related party (89,890) 0  
Proceeds received from initial public offering, gross 345,000,000 0  
Proceeds received from private placement 8,900,000 0  
Offering costs paid (6,901,115) 0  
Net cash provided by financing activities 346,908,995 0  
Net change in cash 1,910,110 (730,119)  
Cash - beginning of the period 0 1,133,702 $ 0
Cash - end of the period 1,910,110 403,583 $ 1,133,702
Supplemental disclosure of noncash financing activities:      
Offering costs included in accounts payable 74,285 0  
Offering costs included in accrued expenses 768,000 0  
Offering costs paid by related party under promissory note 89,890 0  
Deferred underwriting commissions 12,075,000 0  
Remeasurement on Class A ordinary shares subject to possible redemption $ (36,160,849) $ (94,152)