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 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Cash Flows from Operating Activities:        
Net income (loss)     $ 6,846,880 $ (3,022,754)
Adjustments to reconcile net income (loss) to net cash used in operating activities:        
Change in fair value of derivative warrant liabilities $ (2,829,310) $ 1,507,070 (6,978,960) 1,712,070
Financing costs - derivative warrant liabilities   34,820   321,903
Gain on investments held in Trust Account (368,154) (4,198) (386,295) (4,485)
Changes in operating assets and liabilities:        
Prepaid expenses     73,699 (376,474)
Accounts payable     (89,416) 53,623
Accrued expenses     157,188 785,648
Due to related party       1,643
Net cash used in operating activities     (376,904) (528,826)
Cash Flows from Investing Activities:        
Cash deposited in Trust Account       (281,034,490)
Net cash used in investing activities       (281,034,490)
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       281,034,490
Proceeds received from private placement       7,620,690
Offering costs paid     (85,000) (5,830,908)
Net cash (used in) provided by financing activities     (85,000) 282,824,272
Net change in cash     (461,904) 1,260,956
Cash - beginning of the period     666,300  
Cash - end of the period $ 204,396 $ 1,260,956 204,396 1,260,956
Supplemental disclosure of noncash financing activities:        
Offering costs included in accrued expenses       350,000
Deferred underwriting commissions       $ 9,836,207
Class A Common Stock        
Supplemental disclosure of noncash financing activities:        
Remeasurement of Class A ordinary shares     $ 300,989