Registration of securities issued in business combination transactions

CONDENSED STATEMENT OF CASH FLOWS (UNAUDITED)

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CONDENSED STATEMENT OF CASH FLOWS (UNAUDITED)
 9 Months Ended
Sep. 30, 2021
USD ($)
Cash Flows from Operating Activities:  
Net Income $ 7,124,222
Adjustments to reconcile net income to net cash used in operating activities:  
Interest earned on investments held in Trust Account (60,383)
Unrealized gain on change in fair value of warrants (9,341,215)
Transaction costs allocated to warrant liabilities 820,691
Changes in operating assets and liabilities  
Prepaid assets (477,273)
Taxes payable 150,000
Due from Sponsor (563)
Due to related party (173,650)
Accounts payable and accrued expenses 750,127
Net cash used in operating activities (1,208,044)
Cash flows from investing activities:  
Investments and marketable securities held in Trust (345,000,000)
Net cash used in investing activities (345,000,000)
Cash flows from financing activities:  
Proceeds from sale of Units, net of offering costs 344,500,349
Proceeds from issuance of Private Placement Warrants 9,400,000
Payment of underwriter discount (6,900,000)
Net cash provided by financing activities 347,000,349
Net change in cash 792,305
Cash, beginning of the period 200,000
Cash, end of period 992,305
Supplemental Disclosure of Non-cash Financing Activities:  
Initial classification of Class A common stock subject to possible redemption 345,000,000
Deferred underwriters' discount payable charged to additional paid in capital $ 12,075,000