Annual report pursuant to Section 13 and 15(d)

Statements of Cash Flows

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Statements of Cash Flows - USD ($)
 7 Months Ended 12 Months Ended
Dec. 31, 2021
Dec. 31, 2022
Cash Flows from Operating Activities:    
Net income (loss) $ (224,668) $ 2,428,020
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
General and administrative expense paid by related party under promissory note 1,516
Income from investments held in Trust Account (3,154) (4,409,987)
Changes in operating assets and liabilities:    
Prepaid expenses (533,677) 288,989
Accounts payable 23,928 247,281
Accrued expenses 18,874 (12,874)
Franchise tax payable 123,886 (23,004)
Income tax payable 414,724
Due to related party 16,944
Net cash used in operating activities (593,295) (1,049,907)
Cash Flows from Investing Activities:    
Investment income released from Trust Account to pay for taxes 668,862
Cash deposited in Trust Account (306,000,000)
Net cash provided by (used in) investing activities (306,000,000) 668,862
Cash Flows Provided by Financing Activities:    
Proceeds from issuance of Class B common stock to Sponsor 25,000
Repayment of advance to related party (23,840)
Proceeds received from initial public offering, gross 300,000,000
Proceeds received from private placement 12,900,000
Offering costs paid (5,517,095)
Net cash provided by financing activities 307,384,065
Net change in cash 790,770 (381,045)
Cash - beginning of the period 790,770
Cash - end of the period 790,770 409,725
Supplemental disclosure of noncash financing activities:    
Offering costs included in accounts payable 280,850
Offering costs paid by related party 27,423
Deferred underwriting commissions 11,200,000
Subscription receivable 600,000
Supplemental cash flow information:    
Cash paid for taxes $ 444,000