Quarterly report pursuant to Section 13 or 15(d)

UNAUDITED CONDENSED STATEMENTS OF CASH FLOWS

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UNAUDITED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash Flows from Operating Activities:    
Net income (loss) $ 3,849,942 $ (593,464)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Change in fair value of derivative warrant liabilities (4,149,650) 205,000
Financing costs - derivative warrant liabilities   287,083
Gain on investments held in Trust Account (18,140) (287)
Changes in operating assets and liabilities:    
Prepaid expenses (7,925) (419,288)
Accounts payable (56,641) 433,501
Accrued expenses 121,742 37,484
Due to related party   6,615
Net cash used in operating activities (260,672) (43,356)
Cash Flows from Investing Activities:    
Cash deposited in Trust Account   (250,000,000)
Net cash used in investing activities   (250,000,000)
Cash Flows from Financing Activities:    
Proceeds from note payable to related party   300,000
Repayment of note payable to related party   (300,000)
Proceeds received from initial public offering, gross   250,000,000
Proceeds received from private placement   7,000,000
Offering costs paid (85,000) (5,124,408)
Net cash (used in) provided by financing activities (85,000) 251,875,592
Net change in cash (345,672) 1,832,236
Cash - beginning of the period 666,300  
Cash - end of the period $ 320,628 1,832,236
Supplemental disclosure of noncash financing activities:    
Offering costs included in accounts payable   85,810
Offering costs included in accrued expenses   350,000
Deferred underwriting commissions   $ 8,750,000