Statements of Cash Flows - USD ($)
|
1 Months Ended |
12 Months Ended |
Dec. 31, 2020 |
Dec. 31, 2021 |
| Cash Flows from Operating Activities: |
|
|
| Net loss |
$ (1,000)
|
$ (267,638)
|
| Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
| Interest earned on marketable securities held in Trust Account |
|
(35,823)
|
| Unrealized loss on marketable securities held in Trust Account |
|
16,895
|
| Transaction costs associated with the Initial Public Offering |
|
42,344
|
| Change in fair value of warrant liabilities |
|
(259,350)
|
| Changes in operating assets and liabilities: |
|
|
| Prepaid expenses |
|
(344,281)
|
| Other assets |
|
(237,900)
|
| Accrued expenses |
1,000
|
346,450
|
| Net cash used in operating activities |
0
|
(739,303)
|
| Cash Flows from Investing Activities: |
|
|
| Investment of cash in Trust Account |
|
(301,500,000)
|
| Net cash used in investing activities |
|
(301,500,000)
|
| Cash Flows from Financing Activities: |
|
|
| Proceeds from issuance of Class B common stock to Sponsor |
|
25,000
|
| Proceeds from sale of Units, net of underwriting discounts paid |
|
294,000,000
|
| Proceeds from sale of Private Placement Units |
|
9,100,000
|
| Advances from related party |
42,500
|
0
|
| Repayment of advances from related party |
|
(42,500)
|
| Proceeds from promissory note – related party |
|
186,819
|
| Repayment of promissory notes – related party |
|
(186,819)
|
| Payment of offering costs |
(42,500)
|
(463,037)
|
| Net cash provided by financing activities |
0
|
302,619,463
|
| Net Change in Cash |
|
380,160
|
| Cash – Beginning |
|
|
| Cash – Ending |
|
380,160
|
| Non-cash investing and financing activities: |
|
|
| Deferred underwriting fee payable |
|
15,000,000
|
| Remeasurement for Class A common stock subject to redemption amount |
|
38,604,526
|
| Initial classification of warrant liability |
|
509,600
|
| Initial classification of common stock subject to redemption |
|
301,500,000
|
| Offering costs charged to operations allocated to anchor investors |
|
$ 41,333
|