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 ($)
 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows from Operating Activities:    
Net income $ 4,297,675 $ 23,446
Adjustments to reconcile net income to net cash used in operating activities:    
Income from investments held in Trust Account (137,369) (7,331)
Change in fair value of derivative warrant liabilities (4,826,500) (1,182,000)
Offering costs - derivative warrant liabilities 0 590,295
Changes in operating assets and liabilities:    
Prepaid expenses 22,916 (319,816)
Accounts payable (32,081) (18,950)
Accrued expenses 217,093 73,360
Deferred legal fees 8,210 0
Net cash used in operating activities (450,056) (840,996)
Cash Flows from Investing Activities:    
Cash deposited in Trust Account   (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   (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) (6,155,498)
Net cash provided by (used in) financing activities (75,000) 289,265,877
Net change in cash (525,056) 924,881
Cash - beginning of the period 562,346 0
Cash - end of the period 37,290 924,881
Supplemental disclosure of noncash financing activities:    
Offering costs included in accrued expenses 0 15,000
Offering costs paid by related party under note payable 0 35,000
Deferred underwriting commissions $ 0 $ 10,062,500