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 Flows from Operating Activities:  
Net loss $ (691,661)
Adjustments to reconcile net loss to net cash used in operating activities:  
Expensed offering costs 867,351
Interest income on investments held in Trust Account (10,449)
Loss on sale of private placement warrants 2,880,000
Change in fair value of warrant liabilities (7,140,000)
Changes in operating assets and liabilities:  
Prepaid expenses (99,756)
Accrued expenses 3,122,633
Net cash used in operating activities (1,071,882)
Cash Flows from Investing Activities:  
Cash deposited in Trust Account (200,000,000)
Net cash used in investing activities (200,000,000)
Cash Flows from Financing Activities:  
Proceeds from issuance of Class B ordinary shares to Sponsor 25,000
Proceeds from initial public offering, net of underwriter's discount paid 196,000,000
Proceeds from sale of private placement warrants 6,000,000
Offering costs paid (470,467)
Net cash provided by financing activities 201,554,533
Net Change in Cash 482,651
Cash - End of Period 482,651
Supplemental disclosure of noncash investing and financing activities:  
Accretion of Class A ordinary shares subject to redemption to redemption value 25,403,116
Deferred underwriting fee payable 7,000,000
Forfeiture of Class B ordinary shares $ 75