Quarterly report pursuant to Section 13 or 15(d)

CONDENSED STATEMENTS OF CASH FLOWS

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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
5 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2022
Cash Flows from Operating Activities:    
Net income $ 6,256,541 $ 13,144,527
Adjustments to reconcile net income to net cash used in operating activities:    
Expensed offering costs 867,351  
Interest income on investments held in Trust Account (3,184) (274,909)
Loss on sale of private placement warrants 2,880,000  
Change in fair value of warrant liabilities (10,240,000) (15,260,000)
Changes in operating assets and liabilities:    
Prepaid expenses (247,941) 99,756
Accounts payable and accrued expenses 10,000 1,822,856
Due to related parties 129  
Net cash used in operating activities (477,104) (467,770)
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 6,000,000
Offering costs paid (432,516)  
Net cash provided by financing activities 201,592,484  
Net change in cash 1,115,380 (467,770)
Cash - beginning of period 0 482,651
Cash - end of period 1,115,380 14,881
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  
Forgiveness of deferred underwriting fee payable   1,750,000
Offering costs included in accrued offering costs 37,951  
Forfeiture of Class B ordinary shares $ 75  
Remeasurement of Class A ordinary shares subject to possible redemption   $ 285,358