Annual report pursuant to Section 13 and 15(d)

Statements of Cash Flows

Statements of Cash Flows - USD ($)
1 Months Ended 12 Months Ended
Dec. 31, 2020
Dec. 31, 2021
Cash Flows from Operating Activities:    
Net income (loss) $ (15,930) $ 2,561,378
Adjustments to reconcile net loss to net cash used in operating activities:    
General and administrative expenses paid by related party under promissory note 4,053  
Interest income from investments held in Trust Account   (39,750)
Change in fair value of derivative warrant liabilities   (4,179,330)
Financing costs - derivative warrant liabilities   634,480
Changes in operating assets and liabilities:    
Prepaid expenses 11,838 (804,589)
Accounts payable 39 6,225
Accrued expenses   0
Net cash used in operating activities 0 (1,821,586)
Cash Flows from Investing Activities:    
Cash deposited in Trust Account   (495,909,080)
Net cash used in investing activities   (495,909,080)
Cash Flows from Financing Activities:    
Repayment of note payable to related party   (170,558)
Proceeds received from initial public offering, gross   495,909,080
Proceeds received from private placement   13,618,182
Offering costs paid   (10,366,024)
Net cash provided by financing -activities   498,990,680
Net increase in cash   1,260,014
Cash - beginning of the period   0
Cash - end of the period 0 1,260,014
Supplemental disclosure -of noncash investing and financing activities:    
Prepaid expenses paid by related party in exchange for issuance of Class B ordinary shares 25,000  
Offering costs included in accounts payable 52,950  
Offering costs included in accrued expenses $ 58,385 70,000
Offering costs paid by related party under promissory note   129,005
Reversal of accrued expenses   58,385
Outstanding accounts payable balance paid by related party under note payable   37,500
Deferred underwriting commissions   $ 17,356,818