v3.22.4
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Dec. 31, 2020
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2021
Cash Flows from Operating Activities:        
Net income (loss) $ (1,893) $ 4,816,310 $ (434,039) $ (406,026)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:        
Formation cost paid by Sponsor through promissory note 761    
Interest earned on marketable securities held in Trust Account (855,534) (57,897) (78,398)
Unrealized gain on marketable securities held in Trust Account (9,440) (1,361) (2,211)
Change in fair value of warrant liabilities (6,652,710) (961,676) (1,642,290)
Transaction costs allocated to warrants 523,013 523,013
Changes in operating assets and liabilities:        
Accounts payable and accrued expenses 1,132 1,254,989 213,407 636,243
Due to Sponsor 1,000 (1,000) (1,000)
Net cash used in operating activities 1,000 (1,681,820) (897,443) (970,669)
Cash Flows from Investing Activities:        
Investment of cash in Trust Account (1,030,035) (172,500,000) (172,500,000)
Net cash provided by (used in) investing activities 67,780,965 (172,500,000) (172,500,000)
Cash withdrawn from Trust Account to pay franchise and income taxes   322,309  
Cash withdrawn from Trust Account in connection with redemption   68,488,691  
Cash Flows from Financing Activities:        
Proceeds from sale of Units, net of underwriting discounts paid 169,049,999 169,049,999
Proceeds from sale of Private Placement Warrants 5,200,000 5,200,000
Proceeds from promissory note – related party 1,030,035 5,000 5,000
Proceeds from Working Capital Loan   1,072,500  
Repayment of promissory note – related party (88,905) (88,905)
Payment of offering costs (296,352) (296,352)
Net cash provided by financing activities (66,386,156) 173,869,742 173,869,742
Redemption of common stock   (68,488,691)  
Net Change in Cash 1,000 (287,011) 472,299 399,073
Cash – Beginning of period 400,073 1,000 1,000
Cash – End of period 1,000 113,062 473,299 400,073
Supplemental disclosure of cash flow information:        
Cash paid for income taxes    
Non-Cash investing and financing activities:        
Offering costs included in accrued offering costs 69,500 214,852
Offering costs paid by Sponsor in exchange for issuance of founder shares 25,000    
Deferred offering costs paid through promissory note 83,144    
Fair value of Founder Shares attributable to Anchor Investor 4,411,238 4,411,238
Proceeds in excess of fair value of Working Capital Loan on issuance date   362,066  
Deferred underwriting fee payable   6,037,500  
Remeasurement of Class A common stock subject to possible redemption 1,498,386 19,990,222 $ 19,990,222
Change in fair value of Working Capital Loan   (182,135)  
Prepaid expenses   (178,224) (177,890)  
Income taxes payable   $ 124,924