Annual report pursuant to Section 13 and 15(d)

STATEMENT OF CASH FLOWS

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STATEMENT OF CASH FLOWS
 10 Months Ended
Dec. 31, 2021
USD ($)
Cash flows from operating activities:  
Net income $ 5,167,792
Adjustments to reconcile net income to net cash used in operating activities  
Offering costs allocated to warrants 505,566
Change in fair value of warrant liability (6,032,000)
Interest earned on investments held in Trust Account (18,018)
Changes in current assets and liabilities:  
Prepaid assets (713,140)
Taxes payable 60,274
Due to related party 667
Accrued offering costs and expenses 36,350
Net cash used in operating activities (992,509)
Cash flows from investing activities:  
Principal deposited in Trust Account (234,600,000)
Net cash used in investing activities (234,600,000)
Cash flows from financing activities:  
Proceeds from private placement warrants 25,000
Proceeds from initial public offering, net of costs 225,400,000
Proceed from private placement 11,700,000
Payment of deferred offering costs (490,543)
Proceeds from issuance of promissory note to related party 110,000
Repayment of promissory note to related party (110,000)
Net cash provided by financing activities 236,634,457
Net change in cash 1,041,948
Cash, beginning of the period 0
Cash, end of the period 1,041,948
Supplemental disclosure of non-cash flow financing activities:  
Deferred underwriting commissions payable charged to additional paid in capital 8,050,000
Deemed dividend to Class A stockholders $ 25,974,977