CONDENSED STATEMENT OF CASH FLOWS (UNAUDITED) |
8 Months Ended |
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Sep. 30, 2021
USD ($)
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Cash Flows from Operating Activities: | |
Net loss | $ (9,647) |
Adjustments to reconcile net loss to net cash provided by operating activities | |
Formation costs paid by Sponsor in exchange for issuance of Class B ordinary shares | 9,647 |
Net cash provided by operating activities | 0 |
Cash Flows from Financing Activities: | |
Proceeds from issuance of promissory note - related party | 300,000 |
Advances from Sponsor | 15,876 |
Payment of deferred offering costs | (256,789) |
Net cash provided by financing activities | 59,087 |
Net Change in Cash | 59,087 |
Cash - Beginning of period | 0 |
Cash - End of period | 59,087 |
Non-cash investing and financing activities: | |
Deferred offering costs paid by Sponsor in exchange for Class B ordinary shares | 15,353 |
Deferred offering costs included in accrued offering costs | 415,194 |
Deferred offering costs included in Due to Sponsor | $ 31,838 |
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- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of increase (decrease) in cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage; excluding effect from exchange rate change. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of cash inflow from short-term debt classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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