Quarterly report pursuant to Section 13 or 15(d)

Condensed Statement of Cash Flows

v3.22.2.2
Condensed Statement of Cash Flows - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Cash Flows from Operating Activities:        
Net income $ (234,912) $ 19,068,876 $ 8,382,279 $ 12,612,589
Adjustments to reconcile net income to net cash provided by (used in) operating activities:        
Interest income earned on Trust (304,269) (6,828) (311,869) (13,075)
Unrealized gain on change in fair value of warrants (987,781) (19,441,877) (10,525,589) (13,445,689)
Changes in current assets and current liabilities:        
Prepaid expenses     88,250 220,835
Due to related party     60,000 59,205
Deferred legal fee     1,401,360 0
Income tax payable     8,780 0
Advances from Sponsor     788,423 0
Accounts payable and accrued expenses     148,363 9,440
Net cash provided by (used in) operating activities     39,997 (556,695)
Cash Flows from Investing Activities:        
Funds withdrawn from Trust Account     81,200 0
Net cash provided by investing activities     81,200 0
Net Change in Cash     121,197 (556,695)
Cash—Beginning     43,054 764,329
Cash—Ending $ 164,251 $ 207,634 164,251 207,634
Supplemental Disclosure of Non-cash Financing Activities:        
Payment from Trust Account in connection with redemption of shares     $ 249,614,847 $ 0