Annual report pursuant to Section 13 and 15(d)

STATEMENT OF CASH FLOWS

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STATEMENT OF CASH FLOWS
 11 Months Ended
Dec. 31, 2021
USD ($)
Cash flow from operating activities:  
Net income $ 9,486,606
Adjustments to reconcile net income to net cash used in operating activities:  
Change in fair value of warrant liabilities (12,039,966)
Loss on issuance of private warrants 1,322,010
Transaction costs associated with issuance of warrants 781,595
Interest earned on marketable securities held in Trust Account (3,712)
Changes in operating assets and liabilities:  
Prepaid expenses (1,273,852)
Accounts payable and accrued expenses 196,929
Net cash used in operating activities (1,530,390)
Cash flow from investing activities:  
Investment of cash in Trust Account (232,300,000)
Net cash used in investing activities (232,300,000)
Cash Flows from Financing Activities:  
Proceeds from sale of Initial Public Offering Units, net of underwriting fees 227,554,000
Proceeds from sale of private placement warrants 7,146,000
Proceeds from promissory note - related party 300,000
Repayment of promissory note - related party (300,000)
Payment of offering costs (632,247)
Net cash provided by financing activities 234,067,753
Net change in cash 237,363
Cash at the beginning of the period 0
Cash at the end of the period 237,363
Supplemental Disclosure of Non-Cash Investing and Financing Activities:  
Deferred offering costs included in accrued expenses 273,439
Deferred offering costs paid by Sponsor in exchange for the issuance of Class B ordinary shares 25,000
Deferred underwriting fee payable 9,780,500
Initial measurement of warrants issued in connection with the Initial Public Offering accounted for as liabilities $ 21,578,010