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 $ 3,071,920 $ 3,598,716
Adjustments to reconcile net income to net cash used in operating activities:    
Income from investments held in Trust Account (7,090) (788)
Change in fair value of derivative warrant liabilities (3,447,500) (4,432,500)
Offering costs - derivative warrant liabilities 0 590,295
Changes in operating assets and liabilities:    
Prepaid expenses (39,584) (382,224)
Accounts payable (2,717) (19,398)
Accrued expenses 119,340 38,299
Accrued expenses-related party 0 20,000
Deferred legal fees 8,210 0
Net cash used in operating activities (297,421) (587,600)
Cash Flows from Investing Activities:    
Cash deposited in Trust Account 0 (287,500,000)
Net cash used in investing activities 0 (287,500,000)
Cash Flows from Financing Activities:    
Payment of note payable to related party 0 (78,625)
Proceeds received from initial public offering, gross 0 287,500,000
Proceeds received from private placement 0 8,000,000
Offering costs paid (75,000) (6,134,897)
Net cash provided by (used in) financing activities (75,000) 289,286,478
Net change in cash (372,421) 1,198,878
Cash - beginning of the period 562,346 0
Cash - end of the period 189,925 1,198,878
Supplemental disclosure of noncash financing activities:    
Offering costs included in accounts payable 0 20,600
Offering costs included in accrued expenses 0 75,000
Offering costs paid by related party under note payable 0 35,000
Deferred underwriting commissions $ 0 $ 10,062,500