Quarterly report pursuant to Section 13 or 15(d)

CONDENSED STATEMENTS OF CASH FLOWS

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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended 5 Months Ended 6 Months Ended 11 Months Ended
Jun. 30, 2022
Sep. 30, 2021
Jun. 30, 2021
Jun. 30, 2021
Jun. 30, 2022
Dec. 31, 2021
Cash Flows from Operating Activities:            
Net income (loss)       $ (989,113) $ 4,529,553  
Adjustments to reconcile net income (loss) to net cash used in operating activities:            
Interest earned on marketable securities held in Trust Account       (246) (237,106)  
Change in fair value of derivative warrant liabilities $ (1,980,664)   $ 615,000 615,000 (4,846,916)  
Transaction costs allocated to warrants   $ 39,187 290,432 290,432   $ 329,619
Changes in operating assets and liabilities:            
Prepaid expenses       (25,967) 171,930  
Income taxes payable         13,352  
Accrued expenses       70,794 (190,781)  
Net cash used in operating activities       (39,100) (559,968)  
Cash Flows from Investing Activities:            
Investment of cash in Trust Account       (151,240,000)    
Cash withdrawn from Trust Account for working capital purposes       1,240,000    
Net cash used in investing activities       (150,000,000)    
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       147,000,000    
Proceeds from sale of Private Placements Warrants       5,250,000    
Proceeds from promissory note - related party       46,975    
Payment of offering costs       (377,395)    
Net cash provided by financing activities       151,944,580    
Net Change in Cash       1,905,480 (559,968)  
Cash - Beginning   $ 1,905,480     841,226  
Cash - Ending $ 281,258   $ 1,905,480 1,905,480 $ 281,258 $ 841,226
Non-Cash Investing and Financing Activities:            
Offering costs included in accrued offering costs       82,904    
Initial classification of common stock subject to possible redemption       131,721,200    
Re-measurement for Class A common stock to redemption value       14,909,680    
Initial classification of warrant liabilities       9,842,500    
Deferred underwriting fee payable       $ 5,250,000