Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.22.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 5 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Cash Flows from Operating Activities:      
Net loss $ (65,689) $ (11,261) $ (469,573)
Adjustments to reconcile net loss to net cash used in operating activities:      
Interest and dividend income on investments held in Trust Account (307,345)   (322,489)
Payment of formation and operating costs through promissory note - related party   149  
Changes in operating assets and liabilities:      
Prepaid expenses   (848) 112,218
Accounts payable     (219)
Accrued expenses   1,800 160,049
Income tax payable     9,619
Franchise tax payable     100,000
Net cash used in operating activities   (10,160) (410,395)
Cash Flows from Financing Activities:      
Proceeds from promissory note - related party   256,000  
Repayment of promissory note - related party   (11,633)  
Repayment to an affiliate of the Sponsor for offering costs paid on behalf of the Company   (114,546)  
Offering costs paid   (74,980)  
Advance from related party     1,762
Repayment of advance from related party     (209)
Net cash provided by financing activities   54,841 1,553
Net Change in Cash   44,681 (408,842)
Cash - Beginning of period     1,732,774
Cash - End of period $ 1,323,932 44,681 1,323,932
Supplemental disclosures of non-cash investing and financing activities:      
Deferred offering costs included in accrued offering costs   330,250  
Deferred offering costs paid by an affiliate of the Sponsor   114,546  
Deferred offering costs paid by an affiliate of the Sponsor in exchange for Class A and Class V common stock and Class A Units in Opco   $ 25,000  
Subsequent accretion of Class A common stock subject to redemption to redemption amount as of June 30, 2022     $ 322,489