Quarterly report pursuant to Section 13 or 15(d)

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Dec. 31, 2021
Cash Flows from Operating Activities:          
Net income (loss)     $ 9,904,094 $ (3,467,900)  
Adjustments to reconcile net income (loss) to net cash used in operating activities:          
General and administrative expenses paid by related party under promissory note     0 5,704  
Change in fair value of derivative liabilities     (10,534,131) 2,346,440  
Offering costs associated with derivative warrant liabilities $ 0 $ 0 0 462,850  
Gain on conversion of working capital loan 0 0 0 (243,440)  
Interest income from investments held in Trust Account (521,853) (11,595) (552,734) (31,764)  
Changes in operating assets and liabilities:          
Prepaid expenses     374,375 (1,362,503)  
Accounts payable     373,555 141,063  
Accrued expenses     (44,679) 35,412  
Due to related party - Sponsor     457,051 0  
Net cash used in operating activities     (22,469) (2,114,138)  
Cash Flows from Investing Activities:          
Cash deposited in Trust Account     0 (345,000,000)  
Net cash used in investing activities     0 (345,000,000)  
Cash Flows from Financing Activities:          
Proceeds received note payable from related party     0 1,500,000  
Repayment of note payable to related party     0 (173,255)  
Proceeds received from initial public offering     0 345,000,000  
Proceeds received from private placement     0 9,150,000  
Offering costs paid     0 (7,292,413)  
Net cash provided by financing activities     0 348,184,332  
Net change in cash     (22,469) 1,070,194  
Cash - beginning of the period     26,468 0 $ 0
Cash - end of the period $ 3,999 $ 1,070,194 3,999 1,070,194 $ 26,468
Supplemental disclosure of non-cash financing activities:          
Offering costs included in accounts payable     0 83,320  
Offering costs paid by related party under promissory note     0 125,246  
Accounts payable paid by related party under promissory note     0 42,306  
Deferred underwriting commissions     0 12,075,000  
Conversion of working capital loan to deferred warrant liabilities at fair value     $ 0 $ 1,256,560