Quarterly report pursuant to Section 13 or 15(d)

UNAUDITED CONDENSED STATEMENTS OF CASH FLOWS

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UNAUDITED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash Flows from Operating Activities:    
Net income $ 5,528,308 $ 2,039,496
Adjustments to reconcile net income to net cash used in operating activities:    
Income from investments held in Trust Account (1,038,563) (13,239)
Change in fair value of derivative warrant liabilities (5,417,500) (4,235,500)
Offering costs - derivative warrant liabilities 0 590,295
Changes in operating assets and liabilities:    
Prepaid expenses 85,416 (259,778)
Accounts payable (12,883) 406,144
Accrued expenses 365,593 391,205
Due to related party 0 50,813
Deferred legal fees 8,210 0
Net cash used in operating activities (481,419) (1,030,564)
Cash Flows from Investing Activities:    
Cash deposited in Trust Account 0 (287,500,000)
Net cash used in investing activities 0 (287,500,000)
Cash Flows from Financing Activities:    
Payment of note payable to related party 0 (78,625)
Proceeds received from initial public offering, gross 0 287,500,000
Proceeds received from private placement 0 8,000,000
Offering costs paid (75,000) (6,155,498)
Net cash (used in) provided by financing activities (75,000) 289,265,877
Net change in cash (556,419) 735,313
Cash - beginning of the period 562,346 0
Cash - end of the period 5,927 735,313
Supplemental disclosure of noncash financing activities:    
Offering costs included in accrued expenses 0 15,000
Offering costs paid by related party under note payable 0 35,000
Deferred underwriting commissions $ 0 $ 10,062,500