General form of registration statement for all companies including face-amount certificate companies

Unaudited Condensed Statements of Cash Flows

v3.22.4
Unaudited Condensed Statements of Cash Flows - USD ($)
5 Months Ended 9 Months Ended 12 Months Ended
Dec. 30, 2020
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2021
Cash Flows from Operating Activities:        
Net income (loss) $ (4,178,698) $ (4,616,247) $ 8,124,194 $ 11,028,290
Adjustments to reconcile net income (loss) to net cash used in operating activities:        
Interest from investments held in Trust Account   (1,401,976) (23,518)  
Change in fair value of derivative warrant liabilities 3,471,670 (5,423,330) (8,895,000) (12,193,340)
Changes in operating assets and liabilities:        
Prepaid expenses (333,031) 41,036 127,469 184,371
Accounts payable 10,865 119,389 (8,527) (9,536)
Accrued expenses 3,696 10,020,432 (12,196) 44,804
Income tax payable   65,239  
Franchise tax payable 80,598 (134,974) (30,598) 54,376
Net cash used in operating activities (375,418) (1,324,431) (718,176) (919,412)
Cash Flows from Investing Activities:        
Withdraw from Trust Account to pay Franchise Tax   358,730 24,098  
Net cash provided by investing activities (230,000,000) 358,730 24,098 32,098
Cash Flows from Financing Activities:        
Proceeds from related party promissory note   75,000  
Net cash provided by financing activities 232,210,230 75,000
Net decrease in cash 1,834,812 (890,701) (694,077) (887,314)
Cash - beginning of the period 947,498 1,834,812 1,834,812
Cash - end of the period 1,834,812 $ 56,797 $ 1,140,735 947,498
Supplemental disclosure of non-cash financing activities:        
Offering costs included in accrued expenses 78,500    
Deferred underwriting commissions in connection with the initial public offering 8,050,000    
Initial value of Class A common stock subject to possible redemption 230,000,000    
Cash Flows from Operating Activities:        
Net gain from investments held in Trust Account (7,668)     (28,377)
Financing costs related to derivative warrant liabilities 577,150    
Cash Flows from Investing Activities:        
Cash deposited in Trust Account (230,000,000)    
Transfer in from Trust Account     32,098
Cash Flows from Financing Activities:        
Proceeds from issuance of Class B common stock to Sponsor 25,000    
Proceeds from note payable to related party 163,000    
Repayment of note payable to related party (163,000)    
Proceeds received from initial public offering 230,000,000    
Proceeds received from private placement 7,250,000    
Offering costs paid $ (5,064,770)