Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 1 Months Ended 12 Months Ended
Dec. 31, 2020
Dec. 31, 2021
Cash Flows from Operating Activities:    
Net loss $ (6,093) $ (2,450,595)
Adjustments to reconcile net loss to net cash used in operating activities:    
Interest earned on investments held in Trust Account   (89,823)
Change in fair value of warrant liabilities   (2,509,000)
Transaction cost allocable to warrants   649,349
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets   (467,371)
Accounts payable and accrued expenses 6,093 2,133,921
Net cash used in operating activities   (2,733,519)
Cash Flows from Investing Activities:    
Investment of cash in Trust Account   (345,000,000)
Net cash used in investing activities   (345,000,000)
Cash Flows from Financing Activities:    
Proceeds from sale of Units, net of underwriting discounts paid   338,100,000
Proceeds from sale of Private Placement Warrants   11,700,000
Advances from related party   5,360
Repayment of promissory note-related party   (89,890)
Payment of offering costs   (429,431)
Net cash provided by financing activities   349,286,039
Net Change in Cash   1,552,520
Cash - Beginning of period 0 0
Cash - End of period 0 1,552,520
Non-cash investing and financing activities:    
Offering costs included in accrued offering costs 120,540 12,000
Offering costs paid by Sponsor in exchange for issuance of Founder Shares 25,000  
Offering costs paid through promissory note $ 52,250 37,640
Deferred underwriting fee payable   $ 12,075,000